DrPrashantVerma

DrPrashantVerma

BEL: CMP: 363.90 RSI: 80.47 BEL is consistently making new highs and is currently in a strong uptrend. The RSI indicates that the stock is in the overbought zone, following a sharp price expansion over the past week. Wave analysis suggests there is still an upside potential of 20–22% from current levels . However, some consolidation around these levels is...

DrPrashantVerma

NSE:POLYCAB Polycab India Ltd.,is retraced to 41% from its recent higher highs of 7794.95 and innear its buy zone. Script is below its all moving averages 10...200 days EMA. Elliot wave analysis also supports to the idea of potentail buying interest as 8 wave cycle is completed at 4636.45 On daily chart Bullish Shark pattern is visible . Current market price...

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INDIAN HOTELS, CMP 855.60; RSI:78.71 Indian hotels has given good runup and created good wealth for investor. Now RSI suggest script is in overbought zone, wave analysis also suggest that upside is capped for the script till 950 to 980 levels. As per the minute level chart analysis, script will face resistance at current level and may retrace to a level of 805 to...

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BEML CMP: 3791.20; RSI: 40.01; BEML has near completion of ABC correction wave (Shown Elongated Flat with Irregular Failure pattern). Basis above chart reading, now BEML has entered time correction zone and may consolidate in band of 4280-3430 , which may last till Jan 2025. If the consolidation band is broken upwards ( 3 day closing above 4280 level) , which...

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Zomoto; CMP:185.50; Zomato chart structure seems is very strong, it’s a good buy at the current market price (range of 188-190) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis. The various swing targets for the script are- Target- 1- 212-215; Target-2- 226 -230; While the...

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SULA CMP: 523.10 ; RSI : 40.16 Sula Wineyard Script has corrected upto 25% from its 52W high of Rs 694.15; after the FII promotor exit. Script has corrected for a while and shown the Falling Wedge patten (Contracting), a bullish pattern, Big time support is placed at Rs 485; Script will rebounce once it crosses Rs: 570 on closing basis. Script should be...

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PB Fintech: CMP: 1331.60 ; RSI 75.23 PB Fintech, the parent company of Policy Bazaar and Paisa Bazaar, witnessed its shares surpass the IPO price apiece after two years as investors responded positively to the company's robust performance in Q3FY24. As company become profitable and now net positive on books, soon it will surpose its All time high of Rs: 1470. ...

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Tata Power (CMP: 392.10), is fundamentally strong counter, has shown muted profit in this quarter Q3FY23-24. Accumulation: Should be accumulated in every dip, the level to keep in mind is as below Accumulation Zone : 395-372; Strict Stop loss : 364 on closing basis. Violations of Rs. 364 will further break the script to Rs: 300 Breakout: Breakout above 415...

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SHIPPING CORPORATION OF I NSE:SCI NDIA CMP: 208.80; RSI:48.50 As per wave analysis, ABC correction cycle is at its last stage and fomed a bottom. Its good time to accumulate the script, between Rs: 200 to 225 zone; stop loss: 187 Upside breakout will be confirmed once script closes above 238.5 Near Term Target 1: 280; (2 months time frame) Medium Term...

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BEML cmp:3356.55; RSI: 62.13 As per wave analysis, beml has completed ABC correction pattern and at verge of breakout. Two consecutive clouser of beml above 3357 level with volume should confirm the breakout. New position can be taken upon breakout confirmation for the next possible short, mid and long term tragets as below: short term target: 3475; mid term...

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HINDUSTAN AERONAUT, CMP: 3872.90; RSI: 59.88, This Defence major has given a decent returns to its investor. The script has a splendid run-up and given returns to a approx. 93.9% in last 7 months time frame. On charts the script has showing some signs of fatigue and the script may be near its peak. The script may peak out in short term at 4100 odd levels. Script...

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Tata motors CMP:953.95; RSI: 55; Tata motors, chart is showing signs of fatigue and weakness, is poised to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775) . Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070...

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InterGlobe Aviation: CMP:3286.80; RSI: 61.0 Script is availabel at very reasonable price. As per Elliot wave analysis the script is middle of 3rd wave pattern formation, which will strech to the first target of Rs: 3830 & final may culminate at 4246, before a wave 4 correction starts. The mid term target is poised at upwards breakout once close above 3342 ...

DrPrashantVerma

Tata motors CMP:953.95; RSI: 55; Tata motors, chart is showing signs of fatigue and weakness, is poised to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775) . Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070...

DrPrashantVerma

Tata motors CMP:947.50; RSI: 53; Tata motors, chart is showing signs of fatigue and weakness, is poisd to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775) . Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070 on...

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TITAGARH : CMP - 957.75, Accumulate for a 2 months time frame for a target of 1118 & 1180, . Script is taking support ( @ 910)and bounced back from it. will resume a small stint of upward journey once crosses 973. this time the upwards journey will be slow and time taking (45 to 60 days). Keep a strict stop loss of 897 on closing basis .

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CMP: 220; NEAR TERM TARGET: 240-245 RSI:52.76 SL:210 4W SUPPORT ZONE:175 Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it...

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Zomato CMP:174.20; RSI: 66.50; Short Term View: Zomato has completed 5th wave and entered in ABC pattern correction. This short term momentum will fizzle out in 1 week time frame, before that the script may show price of 181-182 levels, and eneter in wave-C correction phase. Mid Term View: Script will break down and fall below Rs: 158 in months time ....