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Kalyani steels - Is this the end of wave 2?Let's assess the maximum drawdown this stock has given in the past from its ATH 24.10% since oct '23 - twice. 39.5 to 44.53% between 2021-2023 - 3 to 4 times Let's assume today's high as ATH & expect to fall from Monday. Why? Despite huge volume, there is also huge selling pressure at 840. Hence the long wick at the top of the candle. Shooting star candlestick reversal pattern. Recent drawdown is 24% twice. I assume this is the end of wave 2. 1st wave till Jan 12 '24 (1st swing high after consolidation) Wave 1 to 2 - Jan 12 - Jan 24 '24 - pullback Wave 2 to 3 - Big wave Jan 24 till now Wave 3 to 4 - Pullback. Based on fall history. Let's assume 24%. Drew fib from Wave 2 to 3 to predict. 61.8% fib level comes around 24% fall from ATH which is 685. So from there, final 5th wave could come I guess..If momentum is so high, maybe it could reverse even at 50% fib level ~725.
NSE:KSL
by naraykln
BLUEJET - Bullish Swing ReversalNSE: BLUEJET is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 12% to 19% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BLUEJETLong
by BrahmaBull31
Jamna auto triangular breakout with volumeAuto Ancillaries sector looking good in weekly timeframe. Smallcap : BANCOINDIA, FIEMIND, SHARDAMOTR, RBL, LUMAXTECH, JAMNAAUTO Midcap : SHRIPISTON, SANSERA, ARE&M, ROLEXRINGS, SUPRAJIT Largecap : SONACOMS, UNOMINDA, TIINDIA Jamna auto made a stellar breakout with volume on Feb 26. It's evident on Mar 11, despite selling, buyers pushed the stock leaving long lower wick showing bullishness. Height of the triangle and Fib retracement gives the target as 161. Pivot R3 also points to 161. Strong resistance at 161. Disclaimer: Do your due diligence.
NSE:JAMNAAUTOLong
by naraykln
LINDEINDIA - Bullish Swing Reversal with VolumesNSE: LINDEINDIA is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 10% to 14% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:LINDEINDIALong
by BrahmaBull31