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Raj Rayon : {"Potential for Best investment for 2024";} 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; 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, 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}
NSE:RAJRILTDLong
by WavesandZones