JAIBALAJI : uplift is coming?1. Jai Balaji Industries Ltd
Analysis:
Wave Structure: Identifies an Elliott Wave correction (ABC structure). Wave C is nearing completion in the 860-841 INR zone.
Buying Range: Highlighted between 860-841 INR.
Target Zone: Marked at 1218-1261 INR, suggesting strong upside potential.
Stop Loss: Defined at 817 INR, just below the buying zone.
Trading Plan:
Action: Place buy orders in the range of 860-841 INR using a staggered accumulation strategy.
Stop Loss: Set at 817 INR to account for potential false breakdowns.
Targets:
First Target: 1218 INR.
Final Target: 1261 INR.
Reasoning:
Wave C completion near the buying range suggests a potential reversal.
Targets align with historical resistance levels, making them logical profit zones.
