Sunday, September 20, 2015

Amarajabat Analysis: Abhishek Mittal

Amarajabat has been an all time favorite of investors. But is the massive rally coming to an end?

As it is visible from the chart above the stock has completed a 5 wave rally on the upside and is in a corrective mode. The bounce back which has thrown prices up in the form of wave B should be used to book profits in the stock for the time being. The stock is expected to witness profit booking from these levels. And any wave on the upside in the larger degree may take some time to unfold.