Lovable weekly Elliot wave

20 Nov 2023

Stock currently running in correction wave on weekly time frame,

Here 3 different strategies provide entry .

Base on price action small pole Flag break out daily time frame.

Weekly time frame big pole Flag break out .

Based on Elliot wave maybe new 3rd wave Start .

Also we can play Elliot wave abc wave 0.386 retest strategy.

Above different 4 point give entry.

I don't have confidence on volume, but overall technical based stock looks bullish

I think this stock take time to achieve Target,

Entry - CMP (142) or above

Target 1- 172 ( 20% around)
Target 2- 230 ( 60/50%)
Target 3- 260(80%)
Target 4-312 (110% )

Stop loss - 118 below 1day candle closed ( maximum loss 15/17%)

We are running in daily time frame implus buy on weekly and monthly time frame running in correction wave.

This is just stock technical analysis not discovered any news or fundamentals.
And shared my view maybe your view different from mine.🙂