Once again i have tried my best to make the chart self explanatory so that i do not write boring paragraphs about it which i am sure no one wants to read(:P). The stock is making a fresh move and can reach 1700 mark going into 2024-2025. For a short term trade too, the stock wouldn't be a bad bet since it offers favorable risk reward from current levels. Note*-...
Bajaj Finance Ltd. completed a 5 wave up move in Oct. 2023( beginning in March 2023). From the very top of the 5 wave advance the stock seems to have fallen down in a 5 wave. This 5 wave to the downside should be considered as just the wave "A" of the correction that has begun in the stock. Wave B in the stock should now unfold in the stock to the upside(with...
The Stock is looking like coming out from wave 4 correction and is in the right demand zone, ready for its next move up towards 225 zone(25% from CMP). It should also be noted that the Bank had announced its results on 4th of November and posted solid Stand Alone Net Profit of Rs.42.53B vs Rs.33.13B(YOY). 190 is the crucial support for the stock and 185 can be...
The large cap bank set out an impulse in march 2023 and since then has been in a complex corrective mode and retraced more than 705 of the wave i. This provides a good entry and a good risk/reward from CMP to enter the stock with a good risk reward(5% vs 23%). sl 1635 target 2110
Redington or Redington Group is an organization of companies offering services and products in the field of mobile handsets, mobile accessories, information technology services, artificial intelligence, big data analysis, 5G communications, Internet of Things and supply chain management. The company looks all set to move into a wave 3 structure now which can take...
Carysil Limited, together with its subsidiaries, manufactures and trades in quartz kitchen and stainless steel kitchen sinks, bath products, tiles, kitchen appliances, and accessories in India. The stock is seen making impulse waves to the upside since Jan 2023. It made the first impulse (wave 1) from Jan. - April 2023. Wave 3 seems to have started off in May...
HDFC LIFE INSURANCE COMPANY rallied up from 457.8 to 690.85 in a wave 1 structure beginning in march 2023 ending in July.2023. However from July the stock got into a wave 2 correction and seems to have ended the very same in Oct. end. The stock ended the wave 2 correction(technically a "flat" according to Elliot wave theory) at a very crucial support/resistance...
IDFC Ltd - CMP-117.05, Target-200, SL-75 Infrastructure Financing, Market Cap 18,735+ Cr Available at very attractive valuation PE 4.52, PB 1.55, Dividend Yield 10.25 FIIs holdings 20.03%, DII 32.10%
Brightcom Group Ltd - Levels on the chart CMP-16.80 Target-32,50 SL-12 Sector IT, Digital Eco-system , IoT - Market Cap 3390+ Cr Available at very attractive valuation - Debt Free company PE 2.4, PB 0.46, Book value/share 36.28 FIIs Holding - 9.5%, Mutual funds increasing holdings Clients - leading blue chip advertisers
This specialty chemical stock is seen in a beautiful Elliot wave structure since the Jan 2023 and has outperformed not only its peers but also major Indian Indices. The stock recently had a steep and swift decline in October. This very declined was in fact the wave iv of wave 3 and now the stock has kicked off in the Wave v of Wave 3 structure. It would be wise...
Nifty 50 Index (NIFTY) has been trading within a long-term Channel Up pattern since the June 17 2022 low and recently has found itself on a correctional 1.5 month wave under the 1D MA50 (blue trend-line) towards the 1D MA200 (orange trend-line). Last week the 1D RSI breached the 30.00 oversold mark and immediately rebounded. It hasn't been that low since June 17...
Nifty 50 turned oversold last Thursday on the 1D technical outlook and that attracted investors which restored the timeframe from oversold to just bearish (RSI = 38.950, MACD = -141.600, ADX = 34.223). This shows considerable buying strength, a little over the 1D MA200, a support level that is holding since April. The price action look very much like...
Will it break high level support 📌 to reach new high in powe sector Or it get rejected to white 🐻❄️ line 📌 below box 😂 huge crash Let's watch 👀 stay with me 😉 i will update it 😜 Boost 🚀 post so u get updated on post when I am updating everything
TATACONSUM - The idea is based on the Elliott Wave Theory. A five wave pattern has clearly completed on the stock with an ending diagonal in wave 5th. This suggests that a correction will take place to 50% to 61.8% fibonacci level. So a correction towards 800 is likely in the coming weeks. As markets are also weakening due to global concerns, this is where...
oct 18 swing trade perfect symmetrical triangle long term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis. when nifty turns bullish take trade
NSE:LUPIN Lupin Limited is an India-based pharmaceutical company. The Company develops and commercializes a range of branded and generic formulations, biotechnology products, and active pharmaceutical ingredients (APIs) in over 100 markets in the United States, India, South Africa, and across the Asia Pacific, Latin America, and others. It offers vitamins,...
Finally the IRCTC is in a good upward trend and we will see a good response of news in IRCTC very soon. 1- A long old uptrend line is following and giving good support to this new uptrend. 2- Now the downtrend is over for sure. 3 - For around 2 trading days there will be more consolidation but don't be surprised if the 760+ target is achieved in this month .
another longer term pick. ive outlined 3 zones where demand can come in , buy at these 3 prices in 3 lots . 575 , 555 and 535 . sl below 495 FOR LONG TERM .