A naive question. In most of the charts and in above JSW energy chart you mention 3=1 on top of the box… Is it the relationship between wave 1 and wave 3? e.g in JSW energy in Wave 1, stock price went up around 9-10 times, so in wave 3 too you expect stock price to go up 9-10 times from starting price of wave 3? rgds.
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