A hypothetical wave count, assuming Revathi' is correcting in wave 2. Wave 2 is normally a zigzag , can come down to 99% of wave 1. A long term trend line supporting around 630 will give a good support. Revathi' is having a good fundamental records, but this small cap is having low equity base & no investors/traders participation for quiet long time now. But it is performing well like its midcap' majors like cummins' , kirloskar etc.It is a good scrip for long term investment.
Commentaire:
stock is very illiquid , coming close to its support level, must be careful in the entry and exit as the average volume is less that a 1000.
I told you so