JAIBALAJI : uplift is coming?

1. Jai Balaji Industries Ltd

1. 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.
   
2. 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.
   
3. Reasoning:
   
   Wave C completion near the buying range suggests a potential reversal.
   Targets align with historical resistance levels, making them logical profit zones.