Sharda Motor for 80% jump after correction
Aktualisiert
Sharda Motor Industries on daily chart seems to be in Wave IV that began on 9th July’24 and likely to come down to 2000-2050 levels as seen in the chart. This consolidation can go on for a few months.
Thereafter, the stock shall move up as Wave V (in five smaller waves) towards 3700+ levels (a 80% jump over corrected price), also marked in the chart.
The stock has been a favourite for institutions in recent times.
The above analysis is our view on the stock and in no way a trade recommendation. Please do your own due diligence and analysis. Please share your views through comments.
Thereafter, the stock shall move up as Wave V (in five smaller waves) towards 3700+ levels (a 80% jump over corrected price), also marked in the chart.
The stock has been a favourite for institutions in recent times.
The above analysis is our view on the stock and in no way a trade recommendation. Please do your own due diligence and analysis. Please share your views through comments.
Trade ist aktiv
Wave (d) of 4 is ongoing as per analysis.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.