Raj Rayon : {"Potential for Best investment for 2024";}
https://www.tradingview.com/x/JFnoUaop/
We are at the Biggest Picture available as per the data;
Price has formed a Wave 1 which is an Impulse Wave In the Upward direction;
Wave 2 is a downward 3-Wave-Simple-Correction Structure, retracing Wave 1 by less than a 100% which suffices the Laws of Wave as per the Elliott Wave Theory and now.
======================================================================
Let's talk about the most interesting part The Most Awaited Wave 3 is expected to come out, showing the move which is the reason why we trade,
According to the Elliot Wave Theory the Projection of Wave 3 is at least 161.80% of the Wave 1.
Let's see on the charts the Extension Levels as per the Best Leading Indicactor Fibonacci Extension;
https://www.tradingview.com/x/SHLYbzgJ/
Yo !!!!
Now Last Month that's in August 24, Price has closed above the EMA and hence I see a Buying Momentum in the Monthly chart,
https://www.tradingview.com/x/DUOXZINw/
Looking at the Promotor Holding of this company which is more than 90% only confirms my belief in the future growth of the company.
So we have an Overall Target Projection of Rs. 158.03 {Derived as per Fibonacci Extension}
Now Let's look at the other side the {downside/ stop loss/ risk against the reward}
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.