SBI, or the state bank of India, first formed a triangle and then a five-wave move higher. The triangle itself is a pattern that proceeds the final move in a particular direction. By that nature, it mostly occurs in wave B or wave 4 of a trend. So, irrespective of what the triangle meant, the next rally is a five-wave move that can end something. A higher degree...
UTTAM SUGAR MILLS LTD
it is one of the leading sugar company in india. the stock has posted exceptional results in the december 2023 quarter over year on year basis.
on the technical side , the stock registered high of 475 in the year 2006, note this , 2006.
over all these year it has traded under this range for 17 years.
now in this bull run , the stock has...
KOTAK MAHINDRA BANK - price is 1865
Kotak mahindra bank ,the biggest and unique in its way of working now may act as a proxy to Bank Nifty for playing for upside gains.
1850 levels are very strong supports on monthly and weekly time frames.
these would act as pivots for buying for 2050 and 2200 levels since Bank Nifty is trading at all time highs, also HDFC,...
NSE:RELIANCE : Anticipating a Bearish Phase Followed by Potential Bullish Resurgence
Reliance Industries may face bearish trend with an eye on future Bullish Opportunities. Recent market structure mapping, however, suggest a potential bearish phase for the company, prompting investors to reassess their positions. While challenges loom in the short term, astute...
AVAX/1D LONG SETUP
- Avax has printed more than 100% returns from our initial entry.
- Avax is currently trading near the supply
- lock in 70% of your gains
- expecting a 50% retracement
- do not hold or enter a new position here
35 Year SuperCycle
"Two Indexes Diverges on reaching top" - Dow Theory
So DJIA and DJT decreases to the lowest correlation or ratio on SuperCycle Top.
In addition to this we can apply elliot wave theory.
Next top is predicted to be between 2030-35.
Nestle India surges 4% in weak market on stock split, interim dividend plan
Nestle India said the board will meet on October 19 to consider a stock split and interim dividend.
Shares of Nestle India surged 4 per cent to Rs 23,333.65 on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the company announced that the board will meet on...
APTECH , promoted by Rakesh Jhunjhunwala and company, is hovering around 290 levels.
These levels were the highest since 2008 - 2022, then stock gave breakout and reach around 425 levels, now again retesting the strong support zone.
this should accumulate here and then again start upmove with the september quarter results
buy levels - 290
target 600 plus...
Wipro is making a choch and seems to be making higher high on a daily TF. The Sell off since last 3-4 days seems like a pullback for a fresh rally. We can buy Wipro at the levels of 396 with an SL of 387 ( Aggressive SL for a aggressive RR) or a conservative SL of 376. Target must be high if you are willing to hold for atleast 6 months depending on your holding capacity.
BTCUSDT is at a crucial level of 31400 which was a strong supply zone coming from Jun 2022 and it fell to 15500 levels. This zone was tested in April 2023 and it fell again from that zone till 19600. Again BTCUSDT has come to the same zone and consolidating there for last 15 days. It will interesting to see if this level gets broken or used for further selling....