TRIB BHIMJI ZAVERI LTDPanjang
Impulse underway.
Stock has hit all time low during covid fall.Since then it has started an impulse which has so far sub-divided in three lower degree's,there by making 1-2(1-2(1-2)) structure.Reason for taking this price movement as an impulse is every retracement is followed by an advance of more than 161.8% extention of it's prior raise.
Hence currently we are in 3 of 3 of 3.Any retracement of 38% of the current raise from 93 level(june 2024) should be a buying opportunity.As price has sub-divided in 3 lower degree's stock has a potential of becoming multi beggar even from current level.Hence it can be accumulated on every retracement of 38%.
Current raise has from 93(jube 2024) has already achieved its wave 3 extension minimum target at 233.So if stock starts moving down from current levels(248 high) then one can look to buy it when price comes between 211-188 range.If stock continues to move higher then one should wait for retracement of 38% from the last high.
Disclaimer:This are just my views on the stock no position should solely be taken on its basis.
Hence currently we are in 3 of 3 of 3.Any retracement of 38% of the current raise from 93 level(june 2024) should be a buying opportunity.As price has sub-divided in 3 lower degree's stock has a potential of becoming multi beggar even from current level.Hence it can be accumulated on every retracement of 38%.
Current raise has from 93(jube 2024) has already achieved its wave 3 extension minimum target at 233.So if stock starts moving down from current levels(248 high) then one can look to buy it when price comes between 211-188 range.If stock continues to move higher then one should wait for retracement of 38% from the last high.
Disclaimer:This are just my views on the stock no position should solely be taken on its basis.
Penafian
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