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ERIS Lifesciences for 25% gainsDate: 3 Dec’24 Symbol: ERIS Timeframe: Weekly ERIS Lifesciences currently seems to be in Wave V of 3 which is heading towards 1960-70 (25% from current price of 1470) as seen in the chart. Wave 4 could then correct back to 1300 levels. The company, in the recently announced September quarter results has posted best ever revenues and operating profits. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. HINGLISH VERSION ERIS Lifesciences vartamaan mein Wave 3 ki V mein dikh rahee hai jo 1960-70 (vartamaan keemat 1470 se 25%) kee taraf badh rahee hai jaisa ki chart mein dekh sakte hain. Wave 4 phir 1300 ke star tak neeche aa sakta hai. Company ne haal hee mein ghoshit September quarter results mein ab tak ka sabse achchha revenue aur operating profit darj kiya hai. Yah koi prediction nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan khud karein.
NSE:ERISLong
by DhandhaPaani
Zuari Agro for 60%+ gainsDate: 1 Dec’24 Symbol: ZUARI Timeframe: Weekly Zuari Agro Chemicals currently seems to be in Wave (iii) of III of a much larger third wave and is heading towards 400 (60%+ from current price of 240), as seen in the chart. Its ATH price is 690. The company in its Sept quarter results has posted highest net profit since March 2023. The stock is trading at a low PE of 5.6 while industry average is 18. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. Feel free to send in your views in comments or on X. HINGLISH VERSION Zuari Agro Chemicals vartamaan mein bahut badee 3rd Wave ke Wave III (iii) mein hai aur 400 (240 ki vartamaan keemat se 60%+) kee taraf badh raha hai, jaisa ki chart mein dekh sakte hain. Is stock ka all time high (ATH) 690 hai. Company ne apne Sept quarter results mein March 2023 ke baad se sabse adhik net profit kamaaya hai. Stock 5.6 ke kam PE par trade kar raha hai jabki industry average 18 hai. Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan khud karen. Aap apne views comment kar sakte hai yahan ya X (Twitter) pe.
NSE:ZUARILong
by DhandhaPaani
PTC India for 100%+ gainsDate: 25 Nov’24 Symbol: PTC Timeframe: Weekly Seems like, Wave 4 is finally over in PTC India (in my 15th Sept post, I mentioned it as already over but the Wave was a complex one) and it will soon resume its up move in Wave 5 for the destination of 370-80. Some interesting facts to know why it can still double up from its current price of 168? a. Healthy sales growth and debt reduction (lower interest cost) resulting in better balance sheet b. Trading at very low Market Cap to Sales ratio of 0.30 and below book value c. On charts, the stock is currently trading at price lower than December 2007 (it made a high of 201 in 2007) This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. Aakhirkaar PTC India mein Wave 4 khatam hota dikh raha hai (mere 15 September ke post mein, maine kaha tha Wave 4 lagta hai end ho gaya hai par usne complex roop leliya) aur yah jald hee 370-80 ke lakshya ke lie Wave 5 mein apanee upmove phir se shuroo kar dega. Yah stock 168 se current price se kyon double ho sakta hai, neeche padhe. a. Achi sales growth aur debt mein kamee (kam interest payments) ke kaaran ab balance sheet better hogayi hai b. 0.30 ke bahut kam market cap to sales ratio aur aaj ka price book value se bhi kam hona c. Chart par, stock abhi bhi December 2007 se bhi kam price par trade kar raha hai (2007 mein isne 201 ka high banaaya tha)
NSE:PTCLong
by DhandhaPaani
Sobha Ltd for 65%+ gainsDate: 23 Nov’24 Symbol: SOBHA Timeframe: Weekly Sobha Ltd currently seems to be starting Wave V of 3 which is heading towards 2720-50 (65%+ from its current price of 1630) as seen in the chart. Two levels (2720 & 2750) have been marked as supply zone. However, a clearer target can be pinned once the stock makes a fresh ATH. The company has recently posted strong Q2 numbers and highest quarterly profits since March 2023. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. If you are reading this, let me know your views in comments or on X (Twitter). HINGLISH VERSION Sobha Ltd vartamaan mein 3 ki Wave V shuroo kar rahee hai jo 2720-50 (1630 kee vartamaan keemat se 65%+) kee taraf badh rahi hai jaisa ki chart mein dekh sakte hain. Do staron (2720 aur 2750) ko supply zone ke roop mein dikhaya gaya hai. Haalaanki, stock ke nae ATH banaane ke baad ek spasht target tay kiya ja sakta hai. Company ne haal hee mein majaboot Q2 quarter ka result aur March 2023 ke baad se sabse adhik quarterly profits darj kiya hai. Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan svayan karen.
NSE:SOBHALong
by DhandhaPaani
Natco Pharma for 45%+ gainsDate: 21 Nov’24 Symbol: NATCOPHARM Timeframe: Daily Natco Pharma currently seems to be in Wave IV of 3 which could end around 1240-1220 and Wave V could then head towards 1800-1900 levels (45%+ from where Wave IV would end) as seen in the chart. A more precise target can be pinned once it makes a fresh ATH. Two levels (1770 & 1900) have been marked as possible supply zone. The company recently posted good Q2 numbers. The stock is currently trading at a PE multiple of 12.6 while the industry average is around 32. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. HINGLISH VERSION Natco Pharma vartamaan mein 3 ke Wave IV mein hai, jo 1240-1220 ke aaspaas samaapt ho sakta hai aur Wave V phir 1800-1900 ke star (45%+ jahaan Wave IV samaapt hoga) kee taraf badh sakta hai, jaisa ki chart mein dekh sakte hain. Ek baar naya ATH banaane par adhik sateek target pin kiya ja sakta hai. Do staron (1770 aur 1900) ko sambhaavit supply zone ke roop mein mark kiya gaya hai. Company ne haal hee mein achhe Q2 ke numbers post kiye hain. Stock vartamaan mein 12.6 ke PE multiple par kaarobaar kar raha hai jabki industry ka average lagbhag 32 hai. Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan svayan karen.
NSE:NATCOPHARMLong
by DhandhaPaani
Nifty heading towards 22kDate: 17 Nov’24 Symbol: NIFTY Timeframe: Daily Nifty 50 seems to be in final stages of Wave A of an ABC correction that began in Sept’24. Correction in A could end around 23300 and if it breaks that level, it could even head to 23050-23000. It would then witness a pull back towards 25000 levels in Wave B as seen in the chart and finally Wave C down. Please note this is a possible wave count and Nifty as an instrument always runs on multiple global event risks. Maharashtra votes on 20th Nov’24 and election results are on Saturday, 23rd so it’s unlikely that Nifty will see a pullback or Wave B this week. Investors/Traders in US see lesser chances of another interest rate cut in December meeting so it’s a wait and watch there. This is not a trade recommendation but my humble submission of possible movement in Nifty. Please do your own analysis. And I’ve the right to be wrong. HINGLISH VERSION Aisa lagta hai ki Nifty 50 Sept’24 mein shuroo hue ABC correction ke Wave A ke antim charan mein hai. Wave A mein correction 23300 ke aaspaas samaapt ho sakta hai aur yadi yah us star ko todta hai, to yah 23000-23050 tak bhee ja sakta hai. Jaisa ki chart mein dekh sakte hain, iske baad Wave B mein 25000 ke star tak vaapasee hogee aur ant mein Wave C mein giraavat aaegee. Kripya dhyaan den ki yah ek sambhaavit Wave count hai aur Nifty hamesha kai duniya bhar ki ghatanaon ke jokhimon par chalta hai. Maharashtra mein 20 Nov’24 ko voting hogi aur chunaav nateeje Saturday 23rd ko aaenge, isliye iski sambhaavana nahin hai ki is saptaah Nifty mein pull back ya Wave B dekhne ko mile. US mein niveshakon/vyaapaariyon ko December kee baithak mein ek aur interest rate cut kee sambhaavana kam dikh rahee hai, isliye vahaan wait and watch kee sthiti hai. Yah koi trade lene ki salah nahi hai balki Nifty mein sambhaavit utaar-chadhaav ke baare mein meri vinamra koshish hai. Kripya apna vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:NIFTY
by DhandhaPaani
EPL Ltd for 60% gains; best ever quarter resultsDate: 11Nov’24 Symbol: EPL Timeframe: Daily EPL (formerly known as Essel Propack Ltd) seems to be in Wave III of 3 which could extend to 400 levels (60% from current price of 250) as seen in the chart. Possible wave counts have been marked which will have to be reviewed as the move develops. EPL has posted best ever quarter sales and profits in Q2 today so a big jump may be seen tomorrow, 12 Nov’24. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa lagta hai ki EPL (pehle jiska naam Essel Propack tha) 3 ki Wave III mein hai jo 400 ke star (250 ki vartamaan keemat se 60%) tak badh sakta hai jaisa ki chart mein dekh sakte hain. Sambhavit Wave numbering ko chihnit kar liya gaya hai jiski sameeksha chaal vikasit hone par kee jaegee. EPL ne aaj Q2FY25 mein ab tak ki sabase achchhee quarterly sales aur profit darj kiya hai, isliye kal, 12 Nov’24 ko ek bada uchhaal dekha ja sakta hai. Yah koi trade lene ya invest karne ki salaah nahi hai. Kripya apana vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
NSE:EPLLong
by DhandhaPaani
Sharda Cropchem for 60% gainsDate: 11 Nov’24 Symbol: SHARDACROP Timeframe: Daily Sharda Cropchem seems to be in Wave III of 3 which is heading towards 1350 (~60% from current price of 800) as seen in the chart. Wave 3 could even extend to 1500 which can be reviewed after closing above 1100 in Wave V of 3. Recent Q2 results are good with better margins compared to last FY. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Jaisa ki chart mein dekha gaya hai, Sharda Cropchem 3 ke Wave III mein dikh raha hai jo 1350 (800 ki maujooda keemat se ~60%) ki taraf badh raha hai. Wave 3 1500 tak bhi jaa sakta hai; jiskee sameeksha 3 ke Wave V mein 1100 se upar band hone ke baad ki jaa sakti hai. Pichhle FY ki tulana mein behatar margin ke saath haal ke Q2 ke nateeje achchhe hain. Yah koi trade lene ya nivesh karne ki salah nahin hai. Kripya apna vishleshan svayan karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SHARDACROPLong
by DhandhaPaani
Epigral Ltd for 30%+ gains; Strong Q2 resultsDate: 10 Nov’24 Symbol: EPIGRAL Timeframe: Daily Epigral (formerly known as Meghmani Finechem) seems to be in Wave V of 3 which is heading towards 2800 (33% from current price of 2100) as seen in the chart. There is a possibility of Wave V extending to 3000 which we can assess once it closes above 2500. Let’s keep a stop loss at 1840 on closing basis. Q2FY25 results on Saturday were good so the run up should continue. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. Epigral (jise pehle Meghmani Finechem ke naam se jaana jaata tha) 3 ke Wave V mein hai aisa lagta hai jo 2800 (2100 kee vartamaan keemat se 33%) ki taraf badh raha hai jaisa ki chart mein dekha gaya hai. Wave V ke 3000 tak badhane ki sambhaavana hai jiska aakalan hum 2500 se upar band hone par kar sakte hain. 1840 ke neeche closing basis stop loss rakhein. Shanivaar ko Q2FY25 ke nateeje achhe rahe to teji jaari rehni chahiye. Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
NSE:EPIGRALLong
by DhandhaPaani
Affle India for 60%+ gainsDate: 6 Nov’24 Symbol: AFFLE Timeframe: Weekly Affle India seems to be in Wave V of 3 which may end around 1850. And after correction in Wave IV, the price is likely to head to 2450 (60%+ from where Wave IV ends) as seen in the chart. Once the prices go past 2000, five waves of Wave 5 will be more visible. Wave 5 could even extend and head towards 2800+; will review this as waves develop. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa chart dekhke lagta hai ki Affle India 3 ki Wave V mein hai jo 1850 ke aaspaas samaapt ho sakti hai. Aur Wave IV mein giraavat ke baad, keemat 2450 (60%+ jahaan Wave IV samaapt hotee hai) tak pahunchane kee sambhaavana hai. Ek baar jab keematen 2000 ke paar chalee jaengee, to Wave 5 kee paanch waves adhik dikhaee dengee. Wave 5 extend bhi ho sakta hai aur 2800+ kee taraf badh sakta hai; wave vikasit hone par isakee sameeksha karenge. Yah koee trade lene ki salah nahin hai. Kripya apana vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
NSE:AFFLELong
by DhandhaPaani
State Bank of India for 40% gainsDate: 4 Nov’24 Symbol: SBIN Timeframe: Weekly SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends). Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%). Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein. Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SBINLong
by DhandhaPaani
1
BANKBARODA: Elliott Wave Analysis & Trendline BreakoutTechnical Analysis of BANKBARODA Elliott Wave Analysis and Resistance Trendline Breakout The Chart of the BANKBARODA stock displays an interesting Elliott wave pattern, suggesting a potential bullish scenario. Let's break down the analysis: Elliott Wave Pattern: Completed Wave ((4)): The chart seems to have completed a corrective wave ((4)), which took the form of a correction (A) (B) & (C) in blue, inside wave (C) we have witnessed wave 1,2,3,4 & 5 in Red had completed. Potential Wave 5: The breakout above the resistance trendline suggests the initiation of wave 5, which is expected to be an impulsive move to the upside, possibly towards 300 & 316 or more. Supporting Divergences: Bullish Divergence on RSI: The Relative Strength Index (RSI) shows a higher low while the price formed a lower low. This divergence indicates a potential bullish reversal and supports the idea of a rising wave 5. Potential Upside: Target for Wave 5: The extent of wave 5 is often unpredictable, but based on standard Elliott Wave principles, it could potentially reach the 1.236 extension of wave 4, This level could be a significant upside target near 316. Invalidation Level: 229: If the price retraces below the 229 level, it would invalidate the current bullish scenario and suggest a potential continuation of the downtrend at least counts have to change. Key Takeaways: The breakout above the resistance trendline and the bullish divergence on the RSI suggest a potential bullish trend for the BANKBARODA stock. Wave 5 could lead to a significant upside move, potentially reaching the 1.236 extension of wave 4. However, a break below the 229 level would invalidate the bullish scenario. Important Note: Elliott Wave analysis is a complex and subjective technique. It's crucial to remember that there is always a risk of being wrong. This analysis should not be considered as financial advice. It's essential to conduct your own research or consult with a financial advisor before making any investment decisions. The information provided in this analysis is for educational purposes only and does not constitute financial advice. The author and the platform are not responsible for any losses or damages arising from the use of this information. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:BANKBARODALong
by RK_Chaarts
Sharda Motor for 80% jump after correctionSharda Motor Industries on daily chart seems to be in Wave IV that began on 9th July’24 and likely to come down to 2000-2050 levels as seen in the chart. This consolidation can go on for a few months. Thereafter, the stock shall move up as Wave V (in five smaller waves) towards 3700+ levels (a 80% jump over corrected price), also marked in the chart. The stock has been a favourite for institutions in recent times. The above analysis is our view on the stock and in no way a trade recommendation. Please do your own due diligence and analysis. Please share your views through comments.
NSE:SHARDAMOTRLong
by DhandhaPaani
Thyrocare for 70%+ gains after correctionDate: 3 Nov’24 Symbol: THYROCARE Timeframe: Daily Apparently, Thyrocare seems to be in Wave III which could conclude around 1000. Post which Wave IV correction could come down to 840-820 levels marked as Demand Zone in the chart. And Wave V then will be heading to 1430 to 1500 levels (70%+ from 830 levels) depending on where Wave IV ends. Its all time high price is 1465. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Jaahir taur par, Thyrocare Wave III mein lagta hai jo 1000 ke aaspaas samaapt ho sakta hai. Jiske baad Wave IV chart mein Demand Zone ke roop mein ankit 840-820 ke star tak neeche aa sakta hai. Aur Wave V tab 1430 se 1500 ke star (830 ke star se 70%+) ki taraf badh jaega, yah is baat par nirbhar karega ki Wave IV kahaan samaapt hota hai. Thyrocare ki all time high keemat 1465 hai. Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karein.
NSE:THYROCARELong
by DhandhaPaani
Adani Power for 70% gainsDate: 01 Nov’24 Symbol: ADANIPOWER Timeframe: Daily The Big Question is - if Wave IV in Adani Power is now over? A higher high after a close above 675 will make it official. Is 570 a strong enough support? Looks like it. As seen in the chart, a circle has been marked as an accumulation zone. Wave V is likely to head to 1050 levels (70% from current price of 600); more clarity on target will emerge as it moves above 750. Sept quarter results at operational levels were descent but because of lower other income and higher tax; Sept quarter of last FY looks stronger. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Bada savaal yah hai ki kya Adani Power mein Wave IV ab khatm ho gaya hai? 675 se upar band hone ke baad ek uchchatar oonchaee ise aadhikaarik bana degi. Kya 570 paryaapt majaboot support level hai? Aisa lagta hai. Jaisa ki chart mein dekha gaya hai, ek sarkal ko accumulation zone ke roop mein chihnit kiya gaya hai. Wave V ke 1050 ke star (600 kee maujooda keemat se 70%) tak pahunchane kee sambhaavana hai, jaise hi yah 750 se upar jaega, target par adhik spashtata saamane aaegee. Operational star par September quarter ke nateeje achhe the. Lekin other income kam hone aur adhik tax ke kaaran; pichhale financial year ka September timaahee majaboot dikh raha hai. Yah koi trade lene ki salah nahi hai. Kripya apana vishleshan svayan karein.
NSE:ADANIPOWERLong
by DhandhaPaani
Tata Power for 20% gainsDate: 27 Sept’24 Stock: Tata Power Timeframe: Daily chart Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I would like to think so). This is not a trade recommendation. Please do your own due diligence.
NSE:TATAPOWERLong
by DhandhaPaani
Amara Raja Energy for 60% gainsDate: 30 Oct’24 Symbol: ARE_M Timeframe: Daily Amara Raja Energy & Mobility seems to have begun Wave V of 3 which is heading towards 2150 (60% from current price of 1350) as seen in the chart. Once it has crossed 1450, its five waves can be established. Both volume pop out and RSI strength support this view. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Aisa prateet hota hai ki Amara Raja Energy & Mobility ne 3 ki Wave V shuroo kar di hai jo 2150 (vartamaan price se 1350 se 60%) ki taraf badh rahi hai, jaisa ki chart mein dekha gaya hai. Ek baar jab yah 1450 ko paar kar jae, to iski 5 Wave sthaapit ki ja sakti hain. Volume pop out aur RSI ki majbooti donon is drshtikon ka samarthan karte hain. Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan khud karen.
NSE:ARE_MLong
by DhandhaPaani
2
Chennai Petroleum for 85%+ gainsDate: 23 Oct’24 Symbol: CHENNPETRO Timeframe: Daily The 14th Oct post is not visible somehow so posting the same chart. Chennai Petroleum Corp Ltd currently seems to be in Wave 4 which may end around 780-820, marked as demand zone in the chart. September quarter results are not good so consolidation in Wave 4 can be longer. Wave 5 could then head to around 1500+ levels (85%+ from end of Wave 4). We can review this for more clarity on the target when it moves past 1000. This is not a trade recommendation. Please do your own analysis. Chennai Petroleum Corp Ltd vartamaan mein Wave 4 mein dikh raha hai jo 780-820 ke aaspaas samaapt ho sakta hai, jise chart mein Demand zone ke roop mein dikhaya gaya hai. September quarter ke result acche nahi aaye hain to Wave 4 thoda lamba chal sakta hai. Wave 5 tab lagbhag 1500+ star (Wave 4 ke ant se 85%+) tak pahunch sakta hai. Target par adhik spashtata ke lie ham iski sameeksha tab kar sakate hain jab yah 1000 ke paar chala jae. Yah koi trade lene ki salah nahi hai. Kripya apna vishleshan khud karein.
NSE:CHENNPETROLong
by DhandhaPaani
MRPL for 100% gainsDate: 17 Oct’24 Symbol: MRPL Timeframe: Daily Mangalore Refineries & Petrochemicals seems to be in final stages of Wave 4. If it goes down further from present level, 160 should hold well. Both rising volumes and divergence in RSI suggest accumulation in progress in the stock. Wave 5 can mount to around 330-340 (2X from current price of 169). I can review the target once it heads above 230 levels. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Aisa lagta hai ki Mangalore Refinery and Petrochemicals Wave 4 ke antim charan mein hain. Yadi yah vartamaan star se aur neeche jaata hai, to 160 level ko hold karna chahiye. Badhti volume aur RSI mein vichalan donon hi stock mein accumulation ka sanket dete hain. Wave 5 lagabhag 330-340 (vartamaan keemat 169 se 2 guna) tak badh sakta hai. Ek baar 230 ke star se oopar pahunch jae to main iske target ki dubara sameeksha kar sakta hoon. Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan svayan karen.
NSE:MRPLLong
by DhandhaPaani
Wave watch: Mahindra & Mahindra ltd. Technical Analysis.Mahindra and Mahindra Limited Stock Analysis using Elliott Waves Today, we're analyzing Mahendra and Mahendra Limited's stock using Elliott Waves. In the larger time frame, we've completed waves one, two, three, and four. Currently, we're possibly in the red fifth wave. Within the 5th wave, we have sub-divisions: black ((i)), ((ii)), ((iii)), ((iv)), and ((v)). Our analysis suggests: - Black ((i)), ((ii)), and ((iii)) are complete - Black ((iv))’s (a) and (b) are completed and now wave (c) is almost near to complete. Once (c) is complete, that means black wave ((iv)) will end. Generally, wave ((iv)) doesn't cross 50% of wave ((iii))’s length. In 90% of cases, wave ((iv)) doesn't retrace beyond this level. As black wave ((iv)) concludes, wave ((v)) will likely begin, forming a new high. Important Notes: - This analysis is for educational purposes only, not trading advice. - Elliott Waves involve multiple possibilities; this analysis focuses on one potential scenario. - Trading or investing solely based on this study involves risk. - This content is not advisory and doesn't guarantee profits. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:M_MLong
by RK_Chaarts
Graphite India for 100%+ upsideDate: 21 Sep’24 Timeframe: Weekly chart Graphite India currently seems to be in Wave III of 3 which is heading towards 1400 levels (130% growth from current price) as seen in the chart. Even if it attains its previous all time high of August 2018, that’s almost double its current price. If one can handle the fluctuations that operators inject from time to time and hold tight, this one is a no brainer. This is not a trade recommendation. Please do your own analysis.
NSE:GRAPHITELong
by DhandhaPaani