Harmonicsignals
DOLLAR INDEXHello & welcome to this analysis
In the daily time frame it has now come to a falling trendline resistance which has also activated a Bearish Harmonic Reciprocal ABCD pattern. Coincidentally, the swing low was also formed with a Bullish Harmonic ABCD pattern.
A retracement from here could take it to 102.75 and below that 102.15. The pattern would be considered negated above 103.90
BIRLA CORP - 75% RETURNS!!!BUY - BIRLA CORPORATION
CMP - Rs. 921
Target - 1: Rs. 1239
Target - 2: Rs. 1454
Target - 3: Rs. 1615
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Comment: Target - 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern - Anti-Crab
2) Targets set using Fibonacci Retracement.
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DILIP BUILDCON - 210% RETURNS!!!BUY - DILIP BUILDCON LTD
CMP - Rs. 168
Target - 1: Rs. 305
Target - 2: Rs. 389
Target - 3: Rs. 526
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Technicals - 1) Bullish Harmonic Pattern - Navarro 200.
2) Targets set using Fibonacci Retracements.
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Fundamentals - 1) The stock emerged to be the lowest bidder for a highway project worth INR 7.8 Billion. This may be
justified by the fall in quarterly profits or the lack of funds required for taking on the project.
2) However, their annual profits have been consistently rising, and the new Budget for FY 2023-24 supports
infrastructure companies, indicating a rise in profits.
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ENGINEERS INDIA - 164% RETURNS!!!BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
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Comment: Targets 2 and 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating Bullish Reversal.
2) Targets set using Fibonacci Retracements and Gann Angles.
3) The stock is at support.
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GLENMARK PHARMA - 140% RETURNS!!!BUY - GLENMARK PHARMA LTD
CMP - Rs. 449
Target - 1: Rs. 702
Target - 2: Rs. 914
Target - 3: Rs. 1061
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Technicals - 1) Harmonic Patterns - Anti Nen Star, Sea Pony, Leonardo
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comments - Target 2 and 3 will be achieved in the long term.
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LSIL - 85% RETURNS!!!BUY - LLOYDS STEEL INDUSTRIES LIMITED
CMP - Rs. 16
Target - 1: Rs. 21
Target - 2: Rs. 24
Target - 3: Rs. 30
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Technicals - 1) Bullish Harmonic Pattern - Sea Horse.
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comment - Target - 3 will be achieved in the long term.
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KASPA - Soon Break ATH by Elliott Wave#KASPA 1-day Chart Analysis
As per daily chart pattern, $KAS is moving into #Elliott #ImpulsiveWave Pattern and soon it's final wave near to completion as well it will be soon break-out previous All Time High of $0.043 cents too, while at present it is trading at $0.039 cents and KAS is already given 2x-3x returns from last 50-60 days, when Elliott Wave starts on 25 May 2023.
After Elliott Wave Completion, it's Correction Wave Pattern will be starts and again it will be available around $0.031 to $0.033 cents and after that it's Harmonic Wave final cycle will be in completion to start another Bullish Sign towards $0.05 cents from Oct-Dec. 2023.
It's our Analysis, you always #DYOR and Trade wisely by using #StopLoss.
Also,
Must SHARE, LIKE and COMMENTS on it...
MAAN ALUMINIUM - 57% RETURNS!!!BUY - MAAN ALUMINIUM LTD
CMP - Rs. 183
Target - 1: Rs. 220
Target - 2: Rs. 255
Target - 3: Rs. 290
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Technicals - Bullish Shark Harmonic Pattern
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Fundamentals - The company has delivered good profit growth of 46.4% CAGR over the last 5 years
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This is just a view by an expert analyst, please invest at your own risk.
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LAXMI ORGANIC - 77% RETURNS!!!BUY - LAXMI ORGANIC INDUSTRIES LTD
CMP - Rs. 265
Target - 1: Rs. 321
Target - 2: Rs. 377
Target - 3: Rs. 469
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Technicals -
1) Bullish Bat, Sea Pony, Anti Nen Star Harmonic Patterns.
2) Trendline Breakout
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Fundamentals -
1) Sales growth is growing at a healthy rate in the last 3 years 27.94%.
2) Net Profit is growing at a healthy rate in the last 3 years 38.96%.
3) Sales growth is good in the last 4 quarters at 24.95%.
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This is a view by an expert analyst, please trade at your own risk.
SONACOMS - 90% RETURNS!!!BUY - SONACOMS
CMP - Rs 422
Target - 1: Rs. 593
Target - 2: Rs. 806
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Technical -
1) Bullish Cypher Harmonic Pattern.
2) The stock is at support.
3) Targets have been set using Fibonacci Retracement.
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Fundamentals -
1) Company has opened a new manufacturing plant in Pune.
2) 62.66% YoY growth in EPS.
3) FII holding has increased QoQ.
4) DII holding increased by 8.4% QoQ.
5) The high-value, the high-margin product portfolio is likely to help the company outperform the industry.
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Comment:
This chart is for educational purposes only.
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PVRPVR made butterfly pattern on hourly TF with good volumes.
Could be bought with mentioned stoploss & target.