SANKHYA INFOTECH- A true multibagger/ persistent compounder
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we have got 2 alternate plans here...
1. the drop stops at the red marked level...78.70 which is the weekly pivot/0.618 fibo level/200day MA has formed a mark there only as a support/the 382 median line of the pitchfork..
2. drop goes even deeper to 53.55 to complete a ABC with 0.886 retracement, also the weekly S1 and the outer ML of the pitchfork..
And then the upmove sud follow the price magnet theory n approach the ML of th epitchfork again, in case we go deeper in plan 2, we will follow a ABCD to our target level....
Disclaimer.. Not invested, looking t bottomfish and tracking fundamentals..Not an investing/trading advice..
we have got 2 alternate plans here...
1. the drop stops at the red marked level...78.70 which is the weekly pivot/0.618 fibo level/200day MA has formed a mark there only as a support/the 382 median line of the pitchfork..
2. drop goes even deeper to 53.55 to complete a ABC with 0.886 retracement, also the weekly S1 and the outer ML of the pitchfork..
And then the upmove sud follow the price magnet theory n approach the ML of th epitchfork again, in case we go deeper in plan 2, we will follow a ABCD to our target level....
Disclaimer.. Not invested, looking t bottomfish and tracking fundamentals..Not an investing/trading advice..