3I Infotech Ltd. Elliot AnalysisElliot wave analysis performed on 3I Infotech Ltd. It looks like wave 2 retraced 0.65% and is showing bullishness. If you observe closely, wave 1 comprises an impulse wave, and wave 2 includes a flat correction pattern. It makes sure that wave two is formed and price action can show 3rd wave, which will be rapid and stiff in personality. The "Trend Based Fib Retracement" tool can calculate it from the start of wave 1 point to the end of wave 1 point to the end of wave 2 point. The 3rd wave should climb up to 100% minimum (levels 75 - 76), which can go up to 161%. It may take some time to reach the target as the analysis is done daily.
It is recommended for short-term positional investment, depending on your risk appetite.
A stop loss order can be set below 0.786 levels (34.30) with the target price level 75.85. If the analysis goes as per Elliot Wave then one can achieve close to 4 RRR.
3IINFOLTD trade ideas
3IINFOTECH : in perfect retracement Zone**3IINFOTECH ๐**
Small Prices Stock ๐
**Current Market Price (CMP):** โน52.65 ๐
**Target:** โน66 - โน69 ๐ฏ
**Conditional Stop Loss (SL):**
- Stop Loss for CMP: โน50 ๐
- If more shares added at โน50 (recommended):
- STOP LOSS for average buyers: โน47 ๐
Risk Reward Ratio: 1:5 ๐ฒ
**Possible Upside Return:** 30% ๐
**Possible Downside Risk:** 5% ๐
Invest with us for exciting gains! ๐ผ Join our community for more insights. ๐ #investment #stockmarket #profitopportunity
BUY 3IINFOLTD PRICE @33 ROI 155% EXPECTEDBUY 3IINFOLTD PRICE @33 ROI 155% EXPECTED
Buy1 cmp entry @33
Target 1 @85
ROI 1 @ 155%
Buy2 Pending entry @24
Target 2 @85
ROI 2 @ 250%
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Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
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PRABHUMAYAKANNAN
3I INFOLTD possible uptrend in futureNSE:3IINFOLTD
After a long down trend, the stock has consolidated and reversed from its 52 week low of Rs.26.25.
Showing good and steady accumulation overtime.
Up move short term (1 to 3 months) target: Rs. 55.
Up move long term (3 to 6 months) target: Rs. 75
Would look at short trade if goes below 35.
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
BULLISHIn the loving memory of my child Muffin I present you this chart analysis....please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ...
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