J K Cement Analysistechnical analysis of J K Cement:
-The RSI is at 53.7, which is considered neutral.
-The MACD is positive and rising, which is a bullish signal.
-The ROC is positive and rising, which is also a bullish signal.
-The 50-day moving average is at 3052.56 and the 200-day moving average is at 3138.38.
The stock is currently in a channel pattern in the daily time frame.
The price is currently moving up and could be either wave C or wave 3 of an Elliott wave pattern.
If the price continues to move up, the next target could be 4100.
It is important to note that these technical indicators are only a snapshot of the current market conditions. They can change quickly, and it is important to keep an eye on them for any changes.
fundamental data of J K Cement:
Market capitalization: ₹23,213.7 crore
EPS (TTM): ₹10.71
PE ratio (TTM): 16.07
Dividend yield (TTM): 2.05%
Revenue (FY22): ₹11,478.9 crore
Profit (FY22): ₹1,831.8 crore
Here are some additional factors that could affect the price of J K Cement:
Economic conditions: The overall health of the economy can have a significant impact on the price of stocks.
Competition: The level of competition in the cement industry can also affect the price of J K Cement.
New product development: If J K Cement is able to develop new products that are in demand, this could lead to an increase in the price of the stock.
Mergers and acquisitions: If J K Cement is involved in a merger or acquisition, this could also affect the price of the stock.
Overall, the technical indicators suggest that J K Cement is in a bullish trend. However, it is important to keep an eye on the overall market conditions and other factors that could affect the price of the stock.
Impulsewave
SILVER possible Elliott wave sountsHello Friends,
Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards.
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If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
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.
DLF. - Elliot Wave - Ongoing ImpulseHello Friends,
DLF has been showing sharp upward movement for a few weeks.
It has completed a major degree of correction, which seems to be a significant up move impulse.
3 internal wave of impulse is going on, targets are the marked basis on fib extension on 1-2 internal wave.
3 wave seems to be an extension, it has already crossed 1.618% levels.
Move is expected to continue until 5 Internal wave is completed and then we will enter into correction of this wave.
IEX is about to complete it's correctionIndian energy exchange is now about to complete it's correction ,it is doing a double correction in major wave IV, fifth to the upside is still due. We can expect correction to complete near 124.85-125.85 and then final V wave target will be 407.
And I'm expecting fifth to be extended because normal projection limit of wave V are 0.382 & 0.618 but as you can see these levels are already under wave III so wave V will be an extended wave.
US OIL ELLIOT WAVE COUNTS AND BREAKOUTCrude oil is looking Bullish ahead Reasons are mentioned below
Inverted head n shoulder Neckline Breakout
Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame
Possible wave counts on weekly chart
Possible wave counts on Daily chart
Possible wave counts on 4 hourly
Possible wave counts on 1 hourly
Price challenging upper band on daily time frame
macd positive cross in daily time frame
macd converging towards north uptick in weekly time frame
RSI uptick above 60 in daily time frame
DMI ADX positive uptick in daily time frame
Price closed above 50dema, 100dema & 200dema
Weekly close above 20WEMA, its also above 50 WEMA, 100 WEMA & 200 WEMA.
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...!
Disclaimer.
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.
Natural Gas Looking good to go longNatural Gas is looking good to go long as per wave structures suggesting impulse to unfold, with invalidation levels of $ 6.725.
RK's mass psychological cloud is also suggesting positive ahead, along with macd positive support.
Natural gas had given trendline breakout along with good intensity of volumes on hourly chart.
After positive divergence, breakout with good intensity of volume
Overall wave counts
Double positive Divergences
MACD in hourly positive and now above zero line
MACD in 4 hourly positive crossover and uptick.
RSI in hourly above 60.
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...!
Disclaimer.
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.
BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal.
Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure.
After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80.
All indicators are also suggesting to go long for ride towards north.
Overall wave structure looks like this
Breakout on daily chart, with good intensity of volumes
RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout.
price challenging upper Bollinger band in daily time frame
Macd in daily positive and uptick above zero line
Macd in weekly uptick above zero line
dmi adx in daily time frame both aligned positive
RSI breakout on daily chart and now uptick above 60
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...!
Disclaimer.
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.
VOLTASVoltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame,
Also it has been closed above 20DMA from last 15 days and sustaining on same.
As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on the 17th March wave 2 was started and completed on 28th March, So now possibly wave 3 is in unfolding phase.
RK's Magic indicator is also showing cloud impulse buy on daily chart, along with macd turned positive crossover on weekly chart.
Overall it looks good candidate to go long, at current levels or in dips ( if any ).
on the way up side 1457 is the level where wave 1 and wave 3 would be equal, and on the way down RK's stoploss line which is pegged at 1244, can be a good support level to watch out for in forth coming days.
Wave structure on daily also all key levels are mentioned on chart
macd positive crossover on weekly
macd positive on daily
rsi breakout and uptick on daily
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...!
Disclaimer.
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.
NIFTY SPOT CHART ELLIOT WAVE COUNTSNIFTY spot chart is showing good impulsive moves, This week's price actions are adding good confidence to the view that a new upward trend has started now.
We should continue higher as long as support near 17003 holds it can head towards 18170 next, and break above 18170 can move towards more north direction like 18761 and more,
Wave counts are suggesting same and gaining confidence along with MACD supporting as same, also RK's Magic indicator is also suggesting to go long,
One more thing is markable that price is closed above 20Week average for the first time since January.
On the way down major support is pegged at 17003 which is recent weekly swing low. Overall looking bullish.
Overall wave structure on weekly chart
current scenario on daily chart
macd positive crossover in weekly chart
macd positive in daily chart
price is closed above 20Week average for the first time since January
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...!
Disclaimer.
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.
GOLD Gold retraced 61.8% of previous rise, it tooked support perfectly from 61.8% and lower bollinger band on daily time frame, and it had once again managed to hold above the RK's stop loss line on the closing basis, after taking support & closing that doji type red hammer candle, next candle closed positive and also given good follow up upwards, also buy signal generated in RK's Magic Buy.
Most possibly it is confirmation that reversal started now and may be wave ii completed and wave iii can unfold.
retraced 61.8% levels
macd in hourly positive above zero line
macd in daily converging towards upwards
rsi in hourly uptick
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...!
Disclaimer.
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.
BAJFINANCEThis stock has crossed his weekly swing high, and overall wave structures are suggesting impulse ahead, also macd and other indicators are supporting our bias to go long.
all the key levels are mentioned on chart.
Overall wave structure
macd in daily positive uptick
macd in weekly converging upwards
RSI in daily
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...!
Disclaimer.
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.
NIFTY METAL INDEX - THE SECTOR ON THE RUNNifty metal index continues to charge higher in wave iii of 5, and it pushed MACD towards higher high.
Overall wave structure
RK buy signal activated in daily time frame
Key levels are mentioned on chart
MACD in Daily positive
MACD in weekly positive
RSI in daily uptick
MACD at Higher High
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...!
Disclaimer.
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.
HINDALCO & TATASTEEL ANALYSISMetal sector is having good momentum and good charm these days, here are some stocks analysed like Hindalco and Tatasteel, both are looking good enough to go long, as per price actions and as well as per elliot waves along with trend indicators.
Indicators of Hindalco
hindalco macd in weekly positive crossover
hindalco macd in daily is positive
rsi in daily uptick and above 70
Indicators of Tatasteel
Tatasteel weekly macd positive
Tatasteel daily macd positive
rsi in daily in tatasteel uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
SAILSAIL has marked oct top as X and then an ending diagonal, which should now be complete as prices have come back inside the wedge, wave E of wave Y is a shortest in the pattern even as it is a 'Under throw' below lower line, we can say like a fake breakdown, Now macd in hourly has turned positive along with macd in daily is converging towards north, also one trendline is broken on chart with good intensity of volume. it looks good to go long.
breakout with good intensity of volume
support from support area
macd in daily is converging towards north
macd in hourly positive
rsi in daily is uptick near 46
rsi in hourly above 60
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
Monte Carlo Fashions-Multi year breakout🔹Entry possible above breakout range(670-75).
sl up to you
🔹Company is expected to give good quarter
🔹Company has been maintaining a healthy dividend payout of 21.14%
🔹Technically looks good(Multiyear breakout)
🔹big hands entered recently
study then invest🤍
Thanku
SBINThis stock is showing good strength impulsive move towards north direction, we have witnessed breakout with good intensity of volume, wave counts are also suggesting same along with trend indicators.
breakout with good intensity of volume
wave structure could be like this
macd in weekly
macd in daily
rsi in daily
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
CCL PRODUCTSThis stock has possibly completed 4th wave and now possibly its in a wave 5, also it has witnessed breakout with good volume after sharp fall, now trend indicators are also suggesting towards north direction, so one can go long at current levels of in dips (if any), possibly price is targeting towards 566+.
overall wave counts
key levels are mentioned on chart
macd in weekly
macd in daily
rsi in daily
Disclaimer.
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.
Nifty Analysis: Monthly Log ScaleThis chart presents three major cycles. Each cycle representing a decade. First cycle worked in 90s; second one in the first decade of 21st century and the third one in the second decade. Perhaps we are in the fourth cycle that would represent the third decade.
The first two major cycles ended with more than 62% percent correction of the entire decadal bull run. The third cycle (recent 2020) was an exception with 40% correction.
There are many ups and down, in each decadal major cycle, called the minor cycles. Every minor cycle also faced 40-62% correction of its impulse.
So if we assume that a top has been in place at 18600 high, then a 40-62% minor corrective wave might land up near 13000 or so. This level should be treated as a good investment zone for long term decadal run which can take Nifty much higher.
I am assuming that a top is in place but market may make multiple attempts to break the highs before it actually starts correction. Also this is a monthly chart so things might take time to show up some results. So be patient.
If you are feeling missed out in this rally then this is definitely not the spot to enter for longer term. Waiting for a better bargain is always good for making fresh investment.
Hope you understand my point.
Regards.