Swastik24

Swastik24

Since December 2020 price has been moving in a down trend, it has formed a complex triple correction WXYXZ pattern. Looks like the wave II correction is over now and price is at the initiation of wave III. Wave III target should be around 910 level, which is around 330% from CMP and can be achieved in medium to long term (1 year approx.) If you are a conservative...

Swastik24

Price is moving inside cycle degree 5th wave of super cycle degree 3rd wave. Good time to buy as price is at the initiation of sub wave 3 of 5th wave. 5th wave will end somewhere around 2150 level. As per conventional technical analysis, price bounced from trendline support and price is showing strong bullish divergence with RSI on daily & weekly TF, signifying...

Swastik24

As the prices of commodities are soaring high due to increasing demand and inflation, Sugar & Ethanol prices will rise as well leading to improved operating profit margins. This sector is capital intensive, only the existing players will be immensely benefitted due to ethanol blending. Price to BV & PE is low compared to its peers. Changes in govt. policies can...

Swastik24

Entire paper industry is undervalued as of now, most are available at 40-50% below their intrinsic values. Andhra Paper chart looks most bullish with upto 10X ROI in 2-3 years. As per conventional TA, price broke out of trendline resistance and moving higher after retesting it as trendline support (Neon Green Line). As per wave theory, price has formed 1-2, 1-2...

Swastik24

Price has reached all time high in last trading session. A great 700% ROI potential even if it takes 3 years holding time. Strong fundamentals, fairly valued and recent break out from 1100 resistance zone after 7 years adds conviction to hold position for long term. Technically price is moving in the final 5th wave of a larger degree. Other targets are...

Swastik24

Overall chart seems like a zig-zag ABC pattern, where B wave formed a double combo WXY correction consisting of zig-zag (W) and an elongated Flat (Y). The higher degree wave C will be impulsive and can take almost equal time as wave A. Good to accumulate for the following targets: Short term target @ 1040 (55% ROI) Long term target @ 1535 (130% ROI within 18...

Swastik24

Price is moving inside an ascending broadening wedge pattern possible forming a large WXY corrective pattern. X wave has not completed yet. It can end somewhere between 800-900 levels. Fundamentals are improving, margin pressure is still there. Borrowings increased due to big CAPEX. It is the market leader and the largest manufacturer of Polyurethane Foam in...

Swastik24

One of the fastest growing Logistics Company with strong fundamentals. Price has almost corrected 60% from its previous high of 2572 and now moving sideways near strong accumulation zone Good to accumulate at current levels for the following targets: Short term target around 1600 (48% ROI) Medium term target around 2300 (113% ROI) Long term target around 4200...

Swastik24

Silver has given a strong impulsive break out from the long term trendline resistance after long accumulation phase. Big volume candles since July 2023 confirm healthy accumulation by strong hands. Currently price is in Primary Wave 3 which can end somewhere near 66 level. A potential gain of 135% by end of this year. Wave 5 target is around 87-88 levels which...

Swastik24

Price bounced at key support zone highlighted in green and RSI is showing strong bullish divergence on both daily & weekly TF. A greater degree wave 3 has started. Good to buy at CMP for the following targets: Short term swing target @ 670 (40% ROI) Medium term positional target @ 940 (96% ROI) Long term positional target @ 1075 (125% ROI) Fundamentally, it...

Swastik24

Price bounced at key support level and RSI showing moderate bullish divergence on daily TF. Expecting the price to make a leading diagonal pattern as highlighted, will update the chart later if any changes observed. Good to buy at CMP for the following targets: Medium term swing target @ 1270 (80% ROI) Long term positional target @ 1560 (120% ROI) Strong...

Swastik24

Price bounced near key support level and RSI is showing strong bullish divergence on daily & weekly TF. Good to buy at CMP for positional target of 440 (103% ROI) in medium term. Short term target should be around 300 (38.5% ROI). FIIs have increased their shareholdings aggressively and TTM sales & operating profit are highest ever in spite of margin...

Swastik24

The only undervalued breweries company in India with strong sales growth and big capex for further expansion, Net Profit got affected only due to margin pressure. Good to accumulate around 650-700 levels for the following targets. Medium Term Target @ 1290 (90% ROI) Long Term Target @ 1710 (150% ROI) Long Term Positional Target @ 2800 (300% ROI in 3-4 years...

Swastik24

Price is taking support near Anchored VWAP, which is at key support level. RSI is showing strong bullish divergence in daily & weekly TF. YoY growth figures will compel you to have it in your portfolio. Good to accumulate around 240-270 levels for the following targets Short term target @ 550 (110% ROI) Medium term target @ 1050 (300% ROI) Mandatory Stoploss...

Swastik24

Price is moving inside an ascending channel. The entire up move ABC wave is Primary wave W, price got rejected at the top of the channel. The pullback can be any waveform reaching the bottom of the channel near 265 level, will be wave X. Then the up move reaching somewhere around 405 level, will be wave Y. A nice 50% swing potential if bought near 265 level for a...

Swastik24

Price is moving sideways in a symmetrical triangle pattern. Good to accumulate for a target of 2500 level (approx. 80% upside from CMP). Fundamentally sound, no stop-loss needed. Do your own due diligence before taking any action. Peace!!

Swastik24

Pattern looks like price is moving inside an ascending channel but it is a rising wedge pattern of cycle degree (abcde) with each primary wave forming 3 wave formation (ABC). Good to buy around 1620 for a target of 3250 with SL at or below 1450. (Approx. 100% ROI) Stop loss is mandatory. Technically RSI is in highly oversold territory. Fundamentally company has...

Swastik24

Looks like primary Wave 2 is about to end and primary Wave 3 will start soon. Price has reached 61.8 Fib zone and showing strong bullish divergence with RSI on both daily & weekly TF. Good to accumulate around 1300-1350 levels for a target of 2300 in medium term. More than 70% upside potential from CMP. Stop loss optional according to your risk...