MapmyIndia for 200%+ gains
Date: 28 Sept’24
Stock: MapmyIndia (CE Infosystems)
Timeframe: Daily chart
MapmyIndia seems to be in Wave III of 3 which is heading towards 5000 levels (2.3X of current price of 2160) as seen in the chart. This is a long shot but it is what the chart tells me. The company listed on bourses in Jan 2022 around 1900 and is around the same level in Sept 2024 while sales and operating profits during this period have almost doubled. Possible in next 1 year?
We shall however review it in due course of time.
This is not a trade recommendation. Please do your own analysis. I am not SEBI registered analyst.
Stock: MapmyIndia (CE Infosystems)
Timeframe: Daily chart
MapmyIndia seems to be in Wave III of 3 which is heading towards 5000 levels (2.3X of current price of 2160) as seen in the chart. This is a long shot but it is what the chart tells me. The company listed on bourses in Jan 2022 around 1900 and is around the same level in Sept 2024 while sales and operating profits during this period have almost doubled. Possible in next 1 year?
We shall however review it in due course of time.
This is not a trade recommendation. Please do your own analysis. I am not SEBI registered analyst.
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