The stock price has been consolidating for quite some time.
Technically, by the Elliot wave pattern, the 5th wave is likely to begin, and one can expect about a 30 to 35% rally in this stock.
Safe entry will be above the resistance trendline, though the current level looks attractive for investment purposes.
Date 7th Mar 2024
Chemfab shown breakout with gap opening from significant resistance last week.
Target was already decided with breakout, and now I am giving actual call to buy it after rejecting sellers pressure.
Thank You!
Analysis: THANGAMAYIL shows strong uptrend potential with good technical
Entry: Can consider current price
Disclaimer: For informational purposes only. Do your research or consult a financial advisor.
Buy APARINDS!!
Breached Trendline in 1D Time Frame. It will go up from here. Hold till it falls below the Trendline.
Buy - 10150
Target - No Target
SL- 10000
All The Best!!
Note: This is just for educational purposes. I am not SEBI registered. Do consult your financial advisor before investing.
SUPRIYA - Good breakout with volumes in the Daily timeframe after more than 1 year.
The chart indicates a good upside potential of 15% in the near future.
The company also has good fundamentals with good growth potential.
BAJAJFINSV - Breakout on the weekly timeframe after 2 years.
The stock has been trading in a the same range for around 2 years and finally out of the zone and expected to finally give a good upside rally in the coming weeks, months.
Those who are looking for a medium - long term investment opportunity in a well established company, this is an ideal...
Wyckoff Story
Prior to trading range we were in downtrend and then we have SC and CHoCH (Change of character). Let’s assume our bias is accumulation.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.
Volume Analysis
We have supply decrease from Phase A to...
1st Entry: 1400
2nd SIP : 1200
3rd SIP : 1000
Emergency tip : You should not buy to the dip. If 1000 level broken 💔 . It may crash tho.
Description with Logic :- Kotak Mahindra bank is a very good company. With fundamental and price behaviour combined analysis described it as Uptrend Rally and it has to be retracted (when in downtrend in future time) to support...
Forming pennant, removed weak hand with a fall and immediate recovery.
New month started with shorting fresh contracts will begin. Put contracts can be shorted and likewise longs can be initiated.
Gap fill expected with further more targets. Bank nifty is also bullish.
The 5th primary Elliott Wave, which began after the decline following the election results, is continuing its upward movement towards the 26,000 mark. The secondary waves 1 to 4 (within the primary wave 5) have already been completed, and wave 5 is expected to resume its upward trend soon.
This progression can be clearly seen in the chart. I am optimistic about...
Wyckoff Story
Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation...
