Raj Rayon : {"Potential for Best investment for 2024";}

4 set

https://www.tradingview.com/x/JFnoUaop/


We are at the Biggest Picture available as per the data;

Price has formed a Wave 1 which is an Impulse Wave In the Upward direction;
Wave 2 is a downward 3-Wave-Simple-Correction Structure, retracing Wave 1 by less than a 100% which suffices the Laws of Wave as per the Elliott Wave Theory and now.
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Let's talk about the most interesting part The Most Awaited Wave 3 is expected to come out, showing the move which is the reason why we trade,
According to the Elliot Wave Theory the Projection of Wave 3 is at least 161.80% of the Wave 1.


Let's see on the charts the Extension Levels as per the Best Leading Indicactor Fibonacci Extension;

https://www.tradingview.com/x/SHLYbzgJ/


Yo !!!!

Now Last Month that's in August 24, Price has closed above the EMA and hence I see a Buying Momentum in the Monthly chart,

https://www.tradingview.com/x/DUOXZINw/

Looking at the Promotor Holding of this company which is more than 90% only confirms my belief in the future growth of the company.
So we have an Overall Target Projection of Rs. 158.03 {Derived as per Fibonacci Extension}

Now Let's look at the other side the {downside/ stop loss/ risk against the reward}