We can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the...
Mold-Tek Packaging is engaged in the manufacturing of injection-molded containers for lubes, paints, food and other products.
Innovation and Value Addition:
In the early 1990s Mold-Tek pioneered the concept of plastic pails for paints industry, It has introduced plastic containers for lubes industry with value added features like ‘pull-up spout’ and tamper &...
L&T Finance has been in a long-term downtrend falling wedge, that has beautifully drawn out into an Inverse Head & Shoulders reversal pattern.
The stock is now trading above all its long-term moving averages, which provides strong support to push up towards the targets indicated.
Greenply Industries took solid support along its 200 Exponential Moving Average (200 EMA).
This led to a breakout of the falling wedge pattern and is indicative of a bullish reversal.
Targets indicated on the Chart.
Federal Bank is one of the Big Bull Rakesh Jhunjhunwala's big bets.
The stock has broken up above the downward trendline forming since March 2021, with a downward trendline formed since October 2017 very close above it.
Federal Bank is seeing some consolidation in this range before it makes the next leg up above the second trendline.
Every impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are –
1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1.
2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one.
3. Wave 4 never intervene into...
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after good solid correction, it has tested its support,
in last 2 trading holding firmly at the support level
today it has given a solid Upmove of 20% with good deliverable Qty.
stock was almost corrected 50 % from its previous long swing high 172
now it is rising..
keep eyes on
keep on radar
1.formed rounding bottom pattern,
2. good Volume supported the strong up move
3. Rsi> 72
4. Stock near its 52 weeks high range
5. if in next trading session opens positive and is able to sustain 1st 30 min
then one can look for its previous swing high target
6. seen increasing Volume and delivery % and Deliverable Qty
QUESS CORP Forms an integral part of IT contractual and permanent hiring and other HR on boarding process in INDIA. Current fundamental situation of covid unlocking in INDIA, will push this section of business at least 2 folds. Glimpse of which is clearly visible in current and previous earning report of QUESS CORP.
Technical - QUESS CORP Volumes suggest...
Bullish Rectangular Breakout followed by consolidation in a bullish flag pattern which has now broken out too.
Strong momentum is supported by strong volumes. Religare looks like it could continue on its dream run.