DrPrashantVerma

DrPrashantVerma

Interglobe Aviation CMP:4256.50; RSI: 62.43. Indigo results has been pretty decent and yet again beat the market expectations. Profit booking is seen immediately after that, which is good sign and good opportunity for those who doesn’t hold the shares yet, also a good price point to accumulate. Indigo is undoubtedly enjoying the monopoly scenario for another...

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InterGlobe Aviation: CMP:4075; RSI: 69.62 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: 4246 & before heading for consolidation. Target 1: 4246 (2 W) ; Target 2: 4745 (2.5M) Accumulation Zone: 3950-4000 ; Stop Loss: 3880

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Zomato CMP:194.40; RSI: 55; Zomato chart structure seems to be very strong, it’s a good buy at the current market price (range of 188-195) 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;...

DrPrashantVerma

Tata motors CMP:953.95; RSI: 42.73; 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 on...

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TITAGARH : CMP -1098.70, ; RSI: 67.93 Titagrh which has been in bull run and given a compounded returns of 225% return in last 4 quaters. After a 52 week high of 1248, it has been in a corrective ABC (Flat correction - 3-3-5) phase. The current corrective wave B, should culminate to 1244-1255 levels. Recent volatality in the indian market is giving good...

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BEML cmp:3241; RSI: 40.42 As per wave analysis, BEML has completed ABC correction pattern and at verge of breakout. RSI also suggest the script is at oversold category, the current market sentiment may further break it down in intraday swing of in range of 3075-3224 . This opportunity should be garbbed for fresh entry, those who hold the script should continue...

DrPrashantVerma

SHIPPING CORPORATION OF INDIA; CMP: 205.85; RSI:40.20 Recent correction into the market, because of uncertain environment at home, has given good opportunity for new investor to take a position in the script. The script is in sideways flat consolidation with ABCD correction pattern. Soon the script will be out from the consolidation zone. Its good time to ...

DrPrashantVerma

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...