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...
A long bullish VCP setup is being formed in Arvindfasn. Stock has been consolidating for 2 years now. FII's have doubled their stakes since 2020.
Falling wedge pattern and bullish divergence in daily chart. Wait for a pullback and target around 20-25. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for...
NRB Bearings Limited, engages in the manufacture, marketing, and sale of ball and roller bearings for original equipment manufacturers(OEM's) in India and internationally. The stock is displaying clean(without overlaps) Elliot waves since March 2023 bottom. Wave v of the current structure is now kicking in with a projected price of around 330-340 zone. In the...
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...
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
Long and strong IHS confirmation breakout and tested Fundamentals: Company fully funded and largest factory in Moses Lake has started production with recent contract signed for the next 10 years worth around 3 busd. Todays mcap is around 0.6 busd. Guided ebidta for 2025 is 100-300 musd Dept around 260 musd with favorable terms Production within 3 megatrends in...
World's largest manufacturer of construction equipment - Caterpillar(CAT), is all set to make a leap upwards of 30+% in the first half of 2024. The stock of this company has been constantly making new ATH's and displays neat waves everywhere. The move being discussed and anticipated shall be 1-2-i-ii-iii, Meaning the wave iii of 3.(you can imagine it as a...
The stock of the film and entertainment giant - Warner Bros set out in an impulsive Wave 1 in Dec of last year and had a 80% rally till Feb 2023. That was the end of Wave 1 for the stock and then since then the stock has only seen darkness. But darkness only makes the dark knight stronger (:P). The stock has given up on almost all the gains it made during the...
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The airline company is seen trying to begin the wave iii of V of 3 in an attempt to go past previous ATH and then towards the 3K mark. It should also be noted that Indian airlines will operate a total of 23,732 flights every week during the winter schedule( approved by the Directorate General of Civil Aviation (DGCA). As per the new order, the said number of...
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...
Hello ladies and gentleman,according my analysis To DAQO New Energy corp STOCK.there is agreat probability long to 29usd .
The largest and most prosperous cement company of India- Ultratech Cement is expected to have more upside of 30-40% from current levels as the weekly wave counts suggest. To put it in very simple words without using too much of Elliot wave jargon, the next leg up is unfolding now which can be projected going somewhere closer to 9200.(the current wave structure...
Google is all set to move up in wave V of 3 towards the 150$ mark. On the way up watch out for levels 131.9 and 134. If the stock surpasses them with ease that would reduce the probability of this bounce being an "X" wave and the stock will make it to the 150 mark. Note*- do your own study/research before taking up any financial positions.
ShreeCement is expected to move from current levels towards 27500 mark in wave 5. The stock is seen taking support from previous 4th wave lows. Target - 27500 Sl - 25250
The second largest American bank has been spotted at a 61.8% retracement of its impulse wave up in march 2020. Moreover the stock has completed an entire zig zag(according to Elliot wave theory or simply ABC correction) from 2021 till date. The wave 3 target for the stock in the 3-5 year term turns out to be around $68.