neeraj_2_sharma

neeraj_2_sharma

The weekly wave count for LARSEN&TOUBRO LTD. suggests that it recently completed a wave IV correction from the Jan 2024 highs, and now is all set to move higher in wave v. The expected wave would be the wave V of 3. The target zone for this wave is projected at around INR 4100-4150 levels which is around 20% up from CMP. INR 3400 is a support zone for the stock...

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Nifty 50 is seen completing 50% retracement of the prior leg i of 3 with today's dip. The wave ii has achieved a 50% retracement of the wave i. wave iii of 3 should now take off by today after noon. the target for wave iii would be approx 22500 from here. Today's intraday low of 22075 should most probably be a crucial bottom. 22000-22100 currently is the strong...

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The FINNIFTY index looks all geared up to start a 11-13% rally in the coming weeks to move towards 22700 levels. The expected wave shall be the wave iii of III. After having rallied in wave i of III in oct 2023, the index has witnessed a 61.8% retracement in months of jan-feb 2024. Now since the triple three correction(WXYXZ) has been complete structurally, the...

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Bank nifty has recently gone through a steep cut, shedding 4000 points in a matter of one month. Looking at the the bigger picture however, tells us it could be a great time to enter into your favorite banking names(or even the index itself!) The 4000 point decline was a wave ii retracement of the impulse that the index witnessed between Oct-Dec 2023. The...

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The stock is spotted in a complex triple three correction(WXYXZ) since JUL.2023 and is now finally at the end stages of this lengthy correction. Only the last leg, which would be wave v of "WAVE C" of "WAVE Z" seems pending in the stock now. $170-180 is a major support region and the stock is expected to complete the last leg of the correction within this zone...

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AMD is all set to rise in wave v of 3. The projected target for the wave is expected to be around $213. $164 marks an important swing low for the stock and the SL too can be set around this level. The way volume has picked up in the stock from JAN, it is also possible for the current wave to out-beat the expected target level.

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GAIL is expected to move towards INR 200 in wave v of the ongoing wave III. INR 167 will stand as a crucial point for the trend to hold.

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The power index is all set to move towards the INR 7000 mark in the new wave v of (iii) of III. The index has been in a strong uptrend since Feb 2023 and the trend only got stronger in OCT 2023. The new wave is expected to touch 6968 levels soon. 6164 remains a crucial support for the index going forward.

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ONGC was seen correcting 38.2% of its prior leg up and looks good from current level to go long. The correction was an FLAT(3-3-5)(ABC). The stock is currently in wave iv of III of 3 and had multiple legs pending to the upside. The leg being anticipated would be the wave v of III of 3. INR 300 is the expected target level for the stock. INR 250 remains a crucial...

neeraj_2_sharma Updated 

The stock is currently falling in Wave "B" and is expected to complete the wave close to the INR 6600 mark. A small bump up from current level is possible towards INR7250 but INR 7400 will continue to be a major resistance for the stock. Upon the completion of the bump-up the fall should again resume and the price should proceed towards the projected target zone.

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PAYTM is currently falling in Bearish "C" wave and the target for the same is projected around INR225-240 zone. The fall after its listing was an bearish impulse labeled as "A" and the entire 2022-2023 move can be labelled as a counter trend bounce labelled as "B". We can witness another 50% drop from current levels with or without any counter trend bounces on...

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Harley-Davidson is just starting to take off in wave III. The initial "wave I'' was witnesses in the stock through the period between late Oct-late Dec. Wave II was a mere 38.2% retracement of the impulse(a sign of strength) and now the corrective pattern of the wave II seems to have completed all legs. Wave III projected target zone comes to approx....

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The crypto after having witnessed a 77% crash between Nov.2021 and Nov 2022.,started on its recovery path. The structure i can best label the crypto would be a 1-2-i-ii at this moment from the 2022 bottom(a pessimist analyst will label it as ABC) . From here on the journey according me is only towards new highs. Wave iii of 3 comes at roughly the previous ATH and...

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The CAC40 has begun its up journey in what is being labeled currently as wave iii of WAVE 3. This particular sub-dividing leg is projected moving towards EUR8100-8150 zone. The final projected target zone for the bigger wave 3 however comes in at a much higher level of EUR 8750.

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The TAIWAN market index(TWSE) is spotted moving up in wave iii of wave 3 structure. The last impulse in the index(wave i of wave 3) was seen during the months of Nov-dec and then came a subsequent correction of the same that retraced 38.2% of the rise. Now that the corrective wave ii is done, the index has started the rise again in wave iii. Wave iii of 3 can be...

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The stock displayed an impulsive rise between Oct-Dec 2023 and a subsequent correction of the same through the months of dec-jan. The correction was almost an 61.8% retracement of the impulse and the price shot up quite strongly as soon as the corrective wave was over. Now the stock is already in wave 3 structure and with sub-divisions or without them $126 is...

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The stock seems to have fallen in an bearish impulsive wave between Sep-Oct 2023. After this very fall the stock was in a complex triple three correction for almost 3 months. The impulsive fall has been labeled as wave "A" and the stock has already begun the Wave "B" fall in the month of Jan.2024. Wave "B" is projected going towards the INR 480 area. 580 will...

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This cement stock can be expected to move towards INR 1190 levels in wave iii of III. The stock has been maintaining its impulsive counts without much violations and is in very bullish structure. The stock was seen rising in a wave i of I from Sep-Dec 2023. Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a...