18th Aug
Here is the current wave count on daily chart.
Expect it to see minimum 121 with an option of 133 and 140. But I expect extensions after minor correction from one of these levels.
Longer Term projections remain as mentioned in previous post.
7th July
Midcap, niche market area, neat fundas and very promising wave count over long term.
Super Cycle 3
Cycle 3
Primary 3
Intermediate 5 running now with minimum target of 134 extendable to 151. This would end wave 3 (Primary).
These are Short term targets but over medium term the stock should see targets over 200.
Since the stock is in Super Cycle 3 with Cycle 3, general tendency is extend wave 5 of lower degree and go for minimum 261.8% x Wave I of Super Cycle degree. This target is around 268 !! And all this can happen pretty fast ((Wave III) say 5/6 Quarters.
Look for an entry at suitable dips.
The stock is directly related to the industrial activity growth and expect it to move in overdrive mode as the activity picks up.
Here is monthly chart.
Here is the current wave count on daily chart.
Expect it to see minimum 121 with an option of 133 and 140. But I expect extensions after minor correction from one of these levels.
Longer Term projections remain as mentioned in previous post.
7th July
Midcap, niche market area, neat fundas and very promising wave count over long term.
Super Cycle 3
Cycle 3
Primary 3
Intermediate 5 running now with minimum target of 134 extendable to 151. This would end wave 3 (Primary).
These are Short term targets but over medium term the stock should see targets over 200.
Since the stock is in Super Cycle 3 with Cycle 3, general tendency is extend wave 5 of lower degree and go for minimum 261.8% x Wave I of Super Cycle degree. This target is around 268 !! And all this can happen pretty fast ((Wave III) say 5/6 Quarters.
Look for an entry at suitable dips.
The stock is directly related to the industrial activity growth and expect it to move in overdrive mode as the activity picks up.
Here is monthly chart.
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