IDBI can give a good run from here.
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.
On the downside, INR 64 can be used as a 'SL'.
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.
On the downside, INR 64 can be used as a 'SL'.
Catatan
sl trailed to 65Catatan
sl trailed to 70
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.