The stock was seen rising in an impulsive 'wave I' structure between March-Sep 2023. Wave II happened between Sep-Nov and wave II managed to retrace 38.2% of wave I.
The stock since completing the wave II correction in Nov has displayed two impulsive waves making the labelling as I-II-i-ii-i-ii and hence creating room for many legs to unfold going down the months in 2024. The bigger Wave III target is projected to be around INR 100 mark providing an upside potential of around 50% from CMP.
it's still at that buy price. could get in in time
neeraj_2_sharma
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@kolhatkarspms, yes absolutely! there is still time to enter
hritikmaurya9768
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sir i want to learn from you . i've beeen learning in share market for past two years . all my resistance has gone now i can wait for days and weeks for setups . but still i'm not profitable . where can i learn from you ?
neeraj_2_sharma
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@hritikmaurya9768, Hello friend. You could refer to the book "elliot wave principle" - by Frost and Prechter. i learned about Elliot waves from this book and got a little better at it with constant practice. You could anytime refer to any of my charts for reference or msg me on trading view regarding your doubts. I will always be happy to help:) My work that I post is more for self-improvement rather than gaining traction. So i do not teach/sell courses/provide tips or operate any telegram channels.
hritikmaurya9768
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@neeraj_2_sharma, okk sir I've already finished and memorised glenn neely elliott wave now I'll read and learn elliot wave principle by frost and prechter.
neeraj_2_sharma
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@hritikmaurya9768, that's great. Glenn Neely's work is also originally based on the Elliot waves. If you combine both, you will be benefitting the most then.