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Elliottwaveideas

Granules India for 35%+ gainsDate: 3 Oct’24 Stock: Granules Timeframe: Daily chart Granules India seems to have begun its up move in Wave V of 5 which could end around 810-820 (>35% from current price of 595) as seen in the chart. High volumes and strong reversal of RSI supports this stance. This is not a trade recommendation. Please do your own analysis. Aisa lagata hai ki Granules India ne 5 ke Wave V mein apni badhat shuroo kar dee hai, jo 810-820 (595 kee vartamaan keemat se 35%) ke aasapaas samaapt ho sakatee hai, jaisa ki chart mein dekh sakte hain. Achhi volume aur RSI ka majaboot ulataav is rukh ka samarthan karta hai. Yeh koi vyaapaar ki rai nahin hai. Kripya apna vishleshan khud karein.
NSE:GRANULESLong
by DhandhaPaani
2
Ashoka Buildcon for 60% gainsDate: 15 Oct’24 Symbol: ASHOKA Timeframe: Daily Ashoka Buildcon seems to be in Wave 4 which is likely to see one more leg down before it starts to move up in Wave 5 towards 370 (~60% from end of Wave 4) as seen in the chart. Company’s market cap (~7000 cr) to sales (10,000+ cr) ratio is at 0.68 while the industry average is 4 times higher at 2.24. This is not a trade recommendation. Please do your own analysis. I have the right to be wrong. Aisa lagta hai ki Ashoka Buildcon Wave 4 mein hai, jiske Wave 5 mein 370 (Wave 4 ke ant se ~ 60% adhik) ki taraf badhane se pahale ek aur baar neeche jane ki sambhavna hai, jaisa ki chart mein dekh sakte hain. Company ka market cap (~7000 crore) aur sales (10,000+ crore) ratio 0.68 hai jabki industry ka average 4 guna adhik 2.24 hai. Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
NSE:ASHOKALong
by DhandhaPaani
Metropolis Healthcare for 140%+ gainsDate: 12 Oct’24 Symbol: Metropolis Timeframe: Weekly Metropolis Healthcare seems to be in Wave 3 in larger timeframe which is heading towards its all time high (ATH) of 3575 (~57% from current price of 2275) as seen in the chart. Wave 4 is likely to come down to around 2700 levels and in Wave 5, it could target 5500-6000 (140%+ from current price). A good year ahead likely for this diagnostic company. Interestingly, the waves could also coincide with a Cup & Handle pattern formation as seen in the chart. Please note this is a long shot so take it with a pinch of salt. However, one can be confident to enter until the ATH (whatever route the price movement takes). This is not a trade recommendation. Please do your own analysis. And I’ve the right to be wrong. Aisa lagta hai ki Metropolis Healthcare badi samay seema mein Wave 3 mein hai, jo 3575 ke apane sarvakaalik uchch (ATH) (2275 ki vartamaan keemat se ~57% high) ki or badh raha hai, jaisa ki chart mein dekha gaya hai. Wave 4 ke 2700 ke star tak neeche aane ki sambhaavana hai aur Wave 5 mein, yeh 5500-6000 (maujooda keemat se 140%+) ka lakshya rakh sakta hai. Is diagnostic company ke lie aane vaala saal achchha rahane kee sambhaavana hai. Dilchasp baat yah hai ki Waves Cup aur Handle ke gathan ke saath bhee mel kha sakti hain jaisa ki chart mein dekha gaya hai. Kripya dhyaan den ki yah ek lamba shot hai isliye ise thodi satarkta se trade karein. Haalaanki, koi bhi ATH (keematon mein utaar-chadhaav chaahe jo bhee raasta apanae) tak pravesh karne ke lie aashvast ho sakta hai. Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan swayam karen. Aur mujhe galat hone ka adhikaar hai.
NSE:METROPOLISLong
by DhandhaPaani
LIC for 30%+ gainsDate: 5 Oct’24 Stock: Life Insurance Corp of India Timeframe: Daily LIC seems to be forming a complex diagonal in Wave V which could end at a minimum level of 1270+ (>30% from current price of 970) as seen in the chart. It could even go higher to around 1400 levels which will be confirmed only as the trend develops. It seems to have completed Wave B on 4th Oct or may form another lower low to complete it and then move higher in Wave C of V. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. Aida lagata hai ki LIC Wave V mein ek jatil vikarn bana raha hai jo minimum 1270+ ke star (970 kee maujooda keemat se>30%) par samaapt ho sakta hai, jaisa ki chart mein dekh sakte hain. Yeh lagabhag 1400 ke star tak bhee ja sakta hai jiski pushti trend vikasit hone par hi hogi. Aisa lagata hai ki 4 Oct ko Wave B poora ho gaya hai ya ise poora karane ke lie ek aur nichala nimn bana sakata hai aur phir V ke Wave C mein oopar ja sakata hai. Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
NSE:LICILong
by DhandhaPaani
Jubilant Ingrevia for 60%+ gainsDate: 3 Oct’24 Stock: Jublingrea Timeframe: Daily chart Jubilant Ingrevia seems to be in Wave III of 3 which is heading towards 1300+ (60%+ from current price of 810) as seen in the chart. Wave III could end around 940 and Wave IV could correct to 750 levels (returns would be even higher if entered at the end of Wave IV of 3). High volume and strong RSI support this stance. If the industry tailwinds remain, it won’t surprise me if the target is done in a year’s time. This is not a trade recommendation. Please do your own analysis. Jubilant Ingrevia 3 ke Wave III mein dikh raha hai jo 1300+ (800 ki vartamaan keemat se 60%+) kee taraf badh raha hai jaisa ki chart mein dikh raha hai. Wave III 940 ke aas-paas samaapt ho sakta hai aur Wave IV 750 ke star tak neeche aa sakta hai (yadi 3 ke Wave IV ke ant mein entry ki jaye to return aur bhee adhik hoga). Adhik volume aur majaboot RSI is trend ka samarthan karate hain. Yadi sector mein teji kee sthiti banee rahee, to yah koee aascharya kee baat nahin hogee yadi lakshya ek varsh ke bheetar poora ho jae. Yeh koi invest karne ki hitaayad nahin hai. Kripya apana analysis khud karein.
NSE:JUBLINGREALong
by DhandhaPaani
2
Cosmo First for 35% gainsDate: 30 Sept’24 Stock: Cosmo First Timeframe: Daily chart Cosmo First seems to have begun a fresh five wave impulse in March’24 and currently in Wave V of 1 which is heading towards 1050+ (~35% from current price of 790) as seen in the chart. Wave 1 target could even extend to around 1150-1200 levels (50% higher from current price) which can be reviewed once it moves beyond 950. This is not a trade recommendation. Please do your own analysis. I am not a SEBI registered RA.
NSE:COSMOFIRSTLong
by DhandhaPaani
MapmyIndia for 200%+ gainsDate: 28 Sept’24 Stock: MapmyIndia (CE Infosystems) Timeframe: Daily chart MapmyIndia seems to be in Wave III of 3 which is heading towards 5000 levels (2.3X of current price of 2160) as seen in the chart. This is a long shot but it is what the chart tells me. The company listed on bourses in Jan 2022 around 1900 and is around the same level in Sept 2024 while sales and operating profits during this period have almost doubled. Possible in next 1 year? We shall however review it in due course of time. This is not a trade recommendation. Please do your own analysis. I am not SEBI registered analyst.
NSE:MAPMYINDIALong
by DhandhaPaani
1
Godrej Properties for 50% upsideDate: 23 Sep’24 Stock: Godrej Properties Timeframe: Daily Chart Godrej Properties seems to have begun Wave V of 3 impulse which is heading towards 4900 levels (50%+ from current price of 3200) as seen in the chart. Both, increase in volume and RSI breakout confirm this move. More clarity on the target will emerge as the move develops. Possible before the end of this financial year? This is not a trade recommendation. Please do your own analysis before investing.
NSE:GODREJPROPLong
by DhandhaPaani
Bank Nifty - Explosive 800+ Points MoveDisclaimer: The content provided here is for informational and educational purposes only and should not be considered as financial advice or a solicitation to buy or sell any securities. Always do your own research or consult with a professional advisor before making any trading or investment decisions. WaveTalks is not responsible for any losses that may occur as a result of reliance on this information. WaveTalks - Market Whispers! Can you hear them? The insights are fascinating, and when combined with old-school analysis, it becomes a lethal combination – as you witnessed today in the markets. Bank Nifty: Bhelpuri Analysis at its Best! What you saw unfold today was a result of a bhelpuri analysis. To simplify, this powerful move started with a Bullish Engulfing Candlestick Pattern right at the bottom of the historical level (50939-50950), as highlighted in the last update combined with Wave Analysis Last Idea - Enjoyed 1350+ Points Today, Bank Nifty surged by 850+ points, nearly achieving our third target, falling short by just 150 points. But no worries, the magic in today’s waves was undeniable. Key Psychological Level : Bank Nifty is now approaching the 52000 mark. If it breaks past this level, we could witness an even more explosive move. Caution Near 52000 : However, if it struggles at 52000, caution will be necessary as we approach this critical threshold. Nifty: Major Surge Across Indices While Bank Nifty stole the show with its remarkable 850+ point leap, Nifty also saw a significant rally, jumping 490 points in a single day! This synchronized movement in the indices is a testament to the power of blending Wave Analysis with traditional methods.
NSE:BANKNIFTY
by WaveTalks
2
IMFA for 55% upmove Indian Metals and Ferro Alloys (IMFA) on daily chart seems to be in final stages of Wave IV of 3 which may culminate around 600 levels or has it made a bottom(?); only the next few sessions can confirm that. Wave V of 3 is likely to see price up move towards 930-940 levels (~55% jump from lows of wave IV) which is fantastic if it attains it (in next 6 months?). This chart has been put up as an idea to share my views on the stock and in no way a trade recommendation. Please do your own due diligence and analysis.
NSE:IMFALong
by DhandhaPaani
JIOFIN BULLISH VIEWJIOFIN BULLISH VIEW ELLIOTT WAVE THEORY JIOFIN showing the fractal nature , completed 1st wave and 2nd wave higher degree showing upward signs , high volume traction can move 3rd wave to equality around 500 or even upto 1.618 around 620. let it gain some traction Wave 1 is considered using 17 leg formation to avoid further classification of inner counts , easy to count in case extension and prominent impulsive moves. This is for educational purpose only, in case of any suggestion you are welcome.
NSE:JIOFINLong
by Manojmkm
#Banknifty directions and levels for July 16th.Bank Nifty: Bank Nifty maintained a range market in the previous session and may continue that today. We can try a range breakout trade: that's if the market breaks the previous day's high, we can expect a swing high to 52,878. On the other hand, if it declines, we should wait for a breakout below 52,263. If that happens, it may fall further to a swing low of 52,088. Even if it breaks either upside or downside, the premium might not increase much. So please take your positions based on your knowledge.
NSE:BANKNIFTY
by Manickamtraders
ULTRACEMCO - ELLIOT WAVE 5 IN MAKINGHi All, This idea is about Ultratech Cement Mkt Cap - 3L Cr ROE - 12% ROCE 15.3% P/BV - 5.56 MktCap/Sales - 4.7 FCF - 2k Cr Technicals Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2). Ideally Wave 2 should correct to 50-60% as per Elliot theory & that is what happened during Wave 2 formation. Wave 4 corrected again by 30% and point 4 above point 1 which all points to the validation of Elliot theory. Wave 5 is about to commence which is as per the theory strongest impulse wave. Cement Sector as a whole is doing well due to boost in infra sector. Happy Trading, Thanks, Stock-n-Shine
NSE:ULTRACEMCOLong
by Stock-n-Shine