NAM-INDIA Interesting Time analysis with Fibonacci Time zones
On NAM_INDIA when you apply Fibonacci Time on Oct 2018 trough to Mar 2020 trough you see each subsequent peak or trough is formed on next Fibonacci like peak was formed on 2nd and trough was formed on 3rd.
Stock is out of consolidation last week, making newer highs, no overhead resistances, and last week highest 52 weekly volume was seen. This give idea that by 5th Fib time zone it can remain upwards trajectory.
Combining this with basic macro and qualitative analysis can also give us hint. You know that mutual funds inflows have drastically increased in recent years so Nippon is likely to be biggest beneficiary of rising mutual funds investments. As on Oct 2024 this is 4th largest company in India as per Assets under Management(AUM) other are 1. SBI Mutual Fund(Not listed), 2. ICICI Prudential (Not listed), 3. HDFC AMC (Listed but already a mega cap).
Disclosure: I have added first tranche in stock and will add more on pullback and bounce from 730 zones with max 6-7% stop.
Do let me know your thoughts in comments.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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Stock is out of consolidation last week, making newer highs, no overhead resistances, and last week highest 52 weekly volume was seen. This give idea that by 5th Fib time zone it can remain upwards trajectory.
Combining this with basic macro and qualitative analysis can also give us hint. You know that mutual funds inflows have drastically increased in recent years so Nippon is likely to be biggest beneficiary of rising mutual funds investments. As on Oct 2024 this is 4th largest company in India as per Assets under Management(AUM) other are 1. SBI Mutual Fund(Not listed), 2. ICICI Prudential (Not listed), 3. HDFC AMC (Listed but already a mega cap).
Disclosure: I have added first tranche in stock and will add more on pullback and bounce from 730 zones with max 6-7% stop.
Do let me know your thoughts in comments.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
Disclaimer
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