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UNITED PHOSPOROUS LTD (UPL LTD) (ACCUMULATE)Sector: Chemicals / Industry: Pesticides & Agrochemicals Market Cap: 41936.45/- Cr. / Category: Large Cap Current Price: 558.6/- Target Price: 672, 692/- Stop loss: 528 Ticker: NSE: UPL LTD Recommendation: BUY (Buy at CMP) Date: 10/01/2024 We issue a Buy recommendation on United Phosphorous ltd. Based on a 10 -weeks Target price of 672, 692/- offering a 20% upside potential from its closing price of 558.6/- on 10/01/2024. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook – United Phosphorous Ltd, Buy @ CMP January 10th, 2024 By Dinesh Naidu UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds. UPL has its presence across 138+ nations and is the 5th largest Agro chemical company and 4th largest seed manufacturing company in the world. UPL has market access to 90% of the world’s food basket and is a global provider of sustainable agriculture products and solutions with annual revenue exceeding 5 billion $. The company offers more than 13,600 products and the company offers seeds, Crop protection, and offers post-harvest solutions, and has its presence across the entire Agriculture Value chain. UPL has launched Triskele and Trishuk, which is India’s first approved three-way foliar herbicide for controlling grasses, broad leaves, and sedges for sugarcane. It has also launched novel fungicide Evolution (in Brazil), providing three-way protection against Asian Soybean Rust, and insecticide Shenzi (Chlorantraniliprole based, in Brazil and Mexico), which are expected to bring key solutions to growers, helping us in consolidating our market position In this technical research report we’re going to take a quick look at the Elliott wave chart of UPL ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Currently the stock is in a Steep corrective structure, which might reverse soon from the current level. The stock is currently trading in wave ((2)) Zigzag pattern that has unfolded as corrective a-b-c-pattern in a daily time frame. The price might reach extreme zone at 672 - 692 level We don’t recommend selling the stock and prefer the long side from the 0.618 & 0.718 % Fib retracement level. As the Minor trend is already bullish in a slower time frame, we expect to see at least 3 last wave bounce from our buying zone. Once price bounce reaches 1.618% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 528 level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for educational purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:UPLLong
by Dino_Naidu
MEDPLUS HEALTH SERVICES LTD (ACCUMULATE)Sector: Healthcare/ Industry: Pharmaceuticals & Drugs Market Cap: 8924.56/- Cr. / Category: Small Cap Current Price: 747.75/- Target Price: 847,947,1057/- Stop loss: 612 Ticker: NSE: Med plus Health Recommendation: BUY (Buy @ Current Price) Date: 11/12/2023 Highlights We issue a Buy recommendation on Med plus Health Services ltd. Based on a 6 -weeks Target price of 847,947,1057/-, offering a 26.7% upside potential from its closing price of 747.75/- on 11/12/2023. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook –Med plus Health Services ltd, Buy @ Current market price December 11, 2023 By Dinesh Naidu Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of Whirlpool India ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Recently we are in an Impulsive structure in a Daily time frame. The stock has already given us wave ((B)) pull back that has unfolded as Zigzag A-B-C pattern in a daily min’s time frame. The price might reach extreme zone at 947-1057.25, We don’t recommend selling the stock and prefer the long side from the 100 & 123.6% Fib extension levels. As the intermediate trend might turn bearish in a lower time frame, we expect to see at least 3 waves bounce from our buying zone. Once price bounce reaches 100% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 612 level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:MEDPLUSLong
by Dino_Naidu
2
WHIRLPOOL OF INDIA LTD (ACCUMULATE)Sector: Consumer Durables/ Industry: Domestic Appliances Market Cap: 16,950.08/- Cr. / Category: Mid Cap Current Price: 1340/- Target Price: 1733,2180,2643/- Stop loss: 1217 Ticker: NSE: WHIRLPOOL Recommendation: BUY (Buy @ Current Price) Date: 11/12/2023 Highlights We issue a Buy recommendation on Whirlpool of India ltd. Based on an 8 -weeks Target price of 1733,2180,2643/-,offering a 29.3% upside potential from its closing price of 1340/- on 11/12/2023. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook –Whirlpool of India ltd, Buy @ Current market price December 11, 2023 By Dinesh Naidu Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of Whirlpool India ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Recently we are in an Impulsive structure in a Daily time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock has already given us wave ((2)) pull back that has unfolded as Zigzag A-B-C pattern in a 60 mins time frame. The price might reach extreme zone at 1733-2180, We don’t recommend selling the stock and prefer the long side from the 61.8 & 88.6% Fib levels. As the intermediate trend might turn bearish in a lower time frame, we expect to see at least 3 waves bounce from our buying zone. Once price bounce reaches 100% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 1217 level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:WHIRLPOOLLong
by Dino_Naidu
INDIAN TOBACCO COMPANY, ITC LTD (ACCUMULATE)Sector: Fast Moving Consumer Goods (FMCG)/ Industry: Cigarettes/Tobacco Market Cap: 561,159.09/- Cr. / Category: Large Cap Current Price: 449.8/- Target Price: 483, 499,525/- Stop loss: 425 Ticker: NSE: ITC Recommendation: BUY (Buy @ Current Market Price) Date: 03/12/2023 Highlights We issue a Buy recommendation on ITC ltd. Based on a 3 -weeks target price of 483,499,525/-, offering a 11.3% upside potential from its closing price of 449/- on 01/12/2023. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook –ITC ltd, Buy @ Current Market Price December 03, 2023 By Dinesh Naidu Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of ITC ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Recently we are in an Impulsive structure in a lower time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock has already given us wave ((2)) pull back that has unfolded as a Zigzag pattern in a 4 hours’ time frame. The price might reach extreme zone at 499-525, We don’t recommend selling the stock and prefer the long side from the 61.8 & 100% Fib levels. As the secondary trend might turn bullish in a higher time frame, we expect to see at least 3 waves bounce from our buying zone. Once price bounce reaches 161.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 425 level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:ITCLong
by Dino_Naidu
1
TV18 BROADCAST LTD (ACCUMULATE)Sector: Media and Entertainment/ Industry: TV Broadcasting & Software Production Market Cap: 8,255.50/- Cr. / Category: Small Cap Current Price: 48/- Target Price: 131, 156, 215/- Stop loss: 27 Ticker: NSE: TV18 Recommendation: BUY (Buy on dips around 38 – 36.3 levels) Date: 03/12/2023 Highlights We issue a Buy recommendation on TV18 Broadcast ltd. Based on a 1-year target price of 131, 156/-, offering a 257% upside potential from its closing price of 48/- on 01/12/2023. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook –TV18 Broadcast ltd, Buy around 38 – 36.5 December 03, 2023 By Dinesh Naidu Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of TV18 ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Recently we are in an Impulsive structure in a higher time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave ((2)) pull back that is unfolding as a Zigzag pattern in a daily time frame. The price might reach extreme zone at 134-215, We don’t recommend selling the stock and prefer the long side from the 50 & 61.8% Fib levels. As the intermediate trend might turn bearish in a smaller time frame, we expect to see at least 3 waves bounce from our buying zone. Once price bounce reaches 161.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 27level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
TLong
by Dino_Naidu
RESTAURANT BRANDS ASIA LTD, BURGER KING (ACCUMULATE)Sector: Hospitality/ Industry: Restaurants Market Cap: 5,619.06/- Cr. / Category: Small Cap Current Price: 113/- Target Price: 137,165,190/- Stop loss: 84.5 Ticker: NSE: RBA Recommendation: BUY (Buy Around 94 - 91) Date: 30/11/2023 Elliott Wave Theory Outlook –Restaurant Brands Asia ltd, Buying the Dips around 94 – 91 zone. (Ending Diagonal completed) Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of RBA ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Recently we are in corrective structure in a higher time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave (b)) pull back that is unfolding as a Zigzag pattern in a smaller time frame. The price might reach extreme zone at 94 – 91, We don’t recommend selling the stock and prefer the long side from the 50 & 61.8% Fib levels. As the Intermediated trend is bullish, we expect to see at least 3 waves bounce from our buying zone. Once bounce reaches 61.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 84.5 level. Momentum & Trend Indicators: Relative Strength Index 41.49 Neutral Rate of Change -1.93 Negative Stochastic %K 24.06 Neutral
NSE:RBALong
by Dino_Naidu
QUESS CORP LTD. (ACCUMULATE)Sector: Information Technology/ Industry: BPO/ITes Market Cap: 7,395.02/- Cr. / Category: Small Cap Current Price: 500.05/- Target Price: 682, 733, 938/- Stop loss: 338 Ticker: NSE: Quess Recommendation: BUY (Buy Around 400 – 389) Date: 29/11/2023 Elliott Wave Theory Outlook – Quess Corp ltd, Buying the Dips around 400 – 389 zone. Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of Quess Corp ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Recently we are in corrective structure in a smaller time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave (ii)) pull back that is unfolding as a Zigzag pattern in a smaller time frame. The price might reach extreme zone at 411 – 390, We don’t recommend selling the stock and prefer the long side from the 50 & 61.8% Fib levels. As the Secondary trend is bullish, we expect to see at least 3 waves bounce from our buying zone. Once bounce reaches 61.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 338 level. Momentum & Trend Indicators: Indicator Value Zone Relative Strength Index 59.19 Overbought Rate of Change 7.11 Positive Stochastic %K 72.01 Neutral MACD 13.23 Positive Disclaimer: I am not a SEBI registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:QUESSLong
by Dino_Naidu
MAITHAN ALLOYS LTD (ACCUMULATE)Sector: Ferro Manganese/ Industry: Ferro & Silica Manganese Market Cap: 3,214.79 Cr. / Category: Small Cap Current Price: 1096.75/- Target Price: 1279, 1301.2/- Stop loss: 998.6 Ticker: NSE: MAITHANALL Recommendation: BUY (Buy Around 1053 – 1049) Date: 29/11/2023 Elliott Wave Theory Outlook – Maithan Alloys, Buying the Dips around 1053 – 1049 zone. November 29, 2023 By Dinesh Naidu In this technical research analysis we’re going to take a quick look at the Elliott wave chart of Maithan Alloys ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Recently we are in corrective structure in a smaller time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave (ii)) pull back that is unfolding as a Zigzag pattern in a smaller time frame. The price might reach extreme zone at 1053 - 1049. We don’t recommend selling the stock and prefer the long side from the 61.8 & 78.6% Fib levels. As the main trend is bullish, we expect to see at least 3 waves bounce from our buying zone. Once bounce reaches 61.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 998.6 Momentum & Trend Indicators: Indicator Value Zone Relative Strength Index 59.19 Neutral Rate of Change 7.11 Positive Stochastic %K 72.01 Neutral MACD 13.23 Positive Disclaimer: I am not a SEBI registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:MAITHANALLLong
by Dino_Naidu
End of wave 4 on minute degree and start of wave 5As labelled it seems like minute wave 4 has taken a form of zigzag whose minuette wave C target of 100% extention of minuette wave A is achieved post which we have even taken out sub minuette wave 4 pivot high of 19233. Going ahead we can see this minute wave 5 taking price to 20500 odd levels.One should look to go long on a dip towards 19200. Disclaimer:This are just my views on the index,no position should be taken on its basis,posting this just for my future preference.
NSE:NIFTYLong
by UNDERDOG-29
1
#banknifty positional view:-The movement from 38,163 to 46,369 is 7,756 point upmove, followed by a flat correction (zig zag, the reason the wave b pullback was 97.86% of the wave a). If we look at the rules of the flat the wave c must end near 123.6% i.e. 42,887 but we took a buffer of 161.8% to figure out a reversal zone. Reversal Zone:- 41,829 - 42,887, safe traders can go long once the trend line breakout happens, the market in the analysis. Use this dip for fresh buying opportunities. All is well with the market, nothing to fear. Rules of Regular Flats:- Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B terminates near the start of wave A • Wave C generally terminates slightly beyond the end of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 90% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave AB Regards, SG
NSE:BANKNIFTY
by subhagghosh
53
Regular Flat Wave C nearing end.Intermediate Degree pattern:Zigzag Minor Degree Pattern:Regular Flat Minute Degree pattern:Impulse Currently minor degree wave c is going on and on minute degree it seems like we are in wave 5 of impulsive decline,meaning minor degree flat pattern can end soon and intermediate degree wave C advance can commence soon. Go long once index closes above 29000,with wave 5 low as stop-loss on the downside for a target between 32600-33800. PS:There should be RSI divergence at wave 5 low,which would confirm the end of impulsive decline. Disclaimer:Views shared are personal and posting this for my future reference.No trade should be taken solely on its basis.
NSE:CNXITLong
by UNDERDOG-29