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.
Operación activa
Wave (d) of 4 is ongoing as per analysis.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.