Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
-----------------------------------------------------------------------------------------------
Key Levels to Watch:
- Immediate Resistance: 23,000
What Unfolded Last Week:
The index retraced 600 points, making a low of 22,417 as expected pause below 23000 in the last idea.
Last Idea - Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time!
Future Expectations:
If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, reflecting the market optimism seen since early 2014.
Nifty has strong support in the 22,400-22,500 zone. Holding above this zone, we expect an upward move towards the 22,775-22,825 target zone. If it holds above 22,825, it can target 23,000. Beyond 23,000, bulls will take charge, potentially driving the index to 23,500 and later 24,500.
Note:
Strictly no trades below 22,400.
From WaveTalks
Abhishek
Wavetalks
Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time!
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
-----------------------------------------------------------------------------------------------
Nifty Index Outlook - May 24, 2024
Overview
In our last analysis, we emphasized the importance of having both a primary plan (Plan A) and an alternative plan (Plan B). This approach prepares us for achieving similar outcomes through different routes. If Plan A fails, we quickly switch to Plan B. A strong alignment between both plans often predicts significant market movements.
Recent Market Movements
In our last discussion on the Nifty Index in the "Nifty: Explosive Part 2 - Towards 23,000+" series, we predicted a rally if the Nifty crossed the 22,000 mark. Indeed, Nifty surged nearly 1,000 points in just 10 days, closely aligning with our predictions and nearly touching the 23,000 mark.
Last Idea - Nifty : Explosive Part 2 - Towards 23000+
Current Market Outlook
Key Levels to Watch:
- Immediate Resistance: 23,000
If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, echoing the market optimism that began in early 2014, a period that marked a significant turning point after years of struggle.
Future Expectations
Looking ahead, the next crucial juncture is whether Nifty can sustain its momentum above the 23,000 level or if it will face resistance. Surpassing 23,000 would be an extremely powerful signal, indicating readiness for a significant breakthrough before the 2024 General Election results are announced.
Facing resistance below 23000 mark, a pause & bulls come back before election results are out on 4th June 2024.
Conclusion
The Nifty Index's performance has closely aligned with our previous analyses, demonstrating strong potential to surpass the 23,000 level. As the market approaches this critical threshold, our dual-plan strategy continues to guide our expectations and strategic decisions, ensuring we're well-prepared for various market scenarios.
From WaveTalks
Abhishek
Bhel- Traders Trap at 275 on 4th March 2024 ( Wave Story)Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers!, can you hear them
Elliott Wave Analysis Insight
January 30, 2024: 230's to 240's
At the start of the year, BHEL's stock was trading between the 230's and 240's. Investors were cautioned about limited upside potential, especially below the 235 mark. It was predicted that the stock might regress towards the crucial level of 200.
Last Published on 30th Jan 2024
February 13, 2024: Lows of 200
True to the caution, on February 13, 2024, the stock descended to the lows of 200, sparking concerns among investors. However, BHEL managed to maintain its position above 200, offering hope for a potential recovery. A note of caution lingered - any decline below 200 could lead to a deeper plunge towards 165 & 113-120 support zone.
End of February 2024: Triangular Correction Completed
By the end of February, BHEL completed a triangular correction in its ongoing wave sequence. Despite this, caution prevailed as it was observed that Wave-E was truncated, setting the stage for a sharp rally.
March 4, 2024: Surge to 275.85
On March 4, 2024, BHEL's stock surged to 275.85, trapping traders on upside. However, the warning remained clear - maintaining above 200 it can push upside in 225-240's, while breaching 200 spelled trouble, leading to a slip towards 165 and the critical support zone of 113-120.
Post-March 5, 2024: Decline towards 206
Post-March 5, 2024, the stock experienced a decline towards 206, approaching the key support level of 200 in a an impulsive manner.
The familiar tale repeated itself - maintaining above 200 hinted at a potential upswing towards 225-240's, repeating same thing again & again.
while breaching 200 will trouble, leading to a slip towards 165 and the critical support zone of 113-120.
And so, the tale of BHEL continued, with its fluctuations and uncertainties.
From
WaveTalks
(Market Whispers!, Can you hear them)
Abhishek
Wishing you a Happy Holi-day! 🎉
Auropharma - Can You Catch Wave Top ,Recognise This Pattern ? Elliott Wave is a such an amazing scientific method, if you apply them & be humble & open to what market tells you, you are going to be rewarded like catching all the waves.
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
From WaveTalks
Abhishek
Nifty : Explosive Part 2 - Towards 23000+ Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
-----------------------------------------------------------------------------------------------
May 11, 2024
Overview
As an Elliott Wave analyst, I stress the need for having both a main plan (Plan A) and a backup plan (Plan B) when analyzing markets. If Plan A doesn't work, we quickly switch to Plan B. If both plans agree on the market direction, we expect strong results.
Recent Market Review
In a recent comment over last idea ( Comex Copper = Explosive Nifty : Part 1) with a colleague, Ashok, he mentioned that although the market was strong, a drop was expected soon. To which I confirmed YES on 5th May 2024 & Indeed market unfolded exactly as per our plans - In last week, Nifty Index fell by 400-500 points.
Copper and Nifty Correlation
Reminder of Previous Analysis:
If you missed our last report on how Comex Copper and the Nifty Index move together, remember that these trends greatly affect our predictions. Do read Comex Copper = Explosive Nifty : Part 1 mentioned below
Current Market Outlook
Key Levels to Watch:
- Key Support Level:21,700
- Critical Support Level:21,125
- If the market stays above these levels, we expect a significant rise, potentially pushing the Nifty above 23,000 by the end of May 2024 & early June 2024.
Stop losses:
Safe Traders Avoid Trading if NIfty Index dips & holds below 22000 level
Future Expectations
Anticipated Timeline
We are particularly focused on what happens around June 4, 2024. This will be a key moment to see if our predictions hold true.
Conclusion
The agreement between our main and backup plans, along with the market staying above key levels, points to a potential strong rise soon.
Have a great week ahead!
From
WaveTalks
Abhishek
Comex Copper = Explosive Nifty to Unfold in 2024 ?Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
-----------------------------------------------------------------------------------------------
Copper Outlook
---------------------------
1. Setting the Stage for Explosive Moves:
- Copper is recognized as a barometer of economic growth, and its performance can provide insights into broader market movements.
- In January 2023, I predicted copper would see explosive growth in 2023-2024. This was confirmed in November 2023 when the corrective wave 2 completed in a truncated wedge pattern, providing a strong foundation for significant gains.
Comex Copper in Nov 2023 ( Explosive Wave to Unfold Next?)
---------------------------------------------------------------------------
2. Rising Demand:
- Copper cathode demand reached 598,000 tonnes (81.2% of the previous year's total) by November 2023.
- Imports of copper cathode, scrap, and wire rods soared by 174%, 56%, and 13% year-on-year, respectively.
- This robust demand hints at double-digit growth in FY24. The Indian government's focus on infrastructure, clean energy, and consumer spending is expected to sustain this growth.
3. Production Challenges and Future Solutions:
- India's smelting capacity was halved due to facility closures, turning the nation from a net exporter to a significant importer.
- The upcoming Adani smelter (5 lakh tonnes capacity) and potential reopening of the Sterlite smelter in 2024 could help India reclaim its status as a net copper exporter.
Nifty / BankNifty Outlook
-------------------------------------
1. Explosive Moves Expected:
- The Nifty index started forming a well know rising pattern around the 18,800-19,000 zone in October to November 2023, suggesting a significant move ahead. This famous pattern was rising wedge.
- This pattern was debated on WaveTalks as either an ending or leading diagonal, offering different implications for future market moves.
2. Elliott Wave Analysis Insights:
- Applying Elliott Wave Analysis gave clarity to potential market paths, allowing for strategic decisions at tops and bottoms.
- As patterns unfolded as expected for Copper, the market outlook became increasingly clear for equities as Copper is a barometer of economic growth.
3. Conclusion:
- The Indian equity markets, particularly Nifty and BankNifty, appear set for more explosive moves.
- Time will reveal how far the markets can go, but the whispers of the market suggest significant growth ahead.
Signing off from WaveTalks: Market Whispers! Can you hear them?
From WaveTalks
Abhishek
Adani Wilmar - Next Portfolio Stock for 510 & 840Stock Has Classic Wedge Unfolding. Buying Trigger Only Above 411. Once stock crosses upside above 411, It can zoom upside towards 510 & Above 510 for 840 in next few months or year ahead.
From
WaveTalks
Abhishek
ONGC -Turning Upside Down (Picked 60 for 200 / 300)- Careful!Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
April 2024
Stock reached close to 300 & completed all its target as expected in 2020 .
Time to be careful ? Why ?
Close to Resistance of 314 . Unfolding Bearish Bat with PRZ 88.6% classic zone 300-275 . Stock topped at 287
Stop loss
Pattern invalidates above 287 .
June 2020
Video Idea ( Short Term Sell & Long Term Pick holding 55-60 for 200+ & 300+)
Dec 2020
Follow up - Did you pick this stock for your portfolio
Nov 2021
Reaching close to 210 Target
Auropharma Trap - Catching The E-wave 1135 to 1105 🎯 🎯🎯Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
🏆🏆🏆
Applying Wave Analysis in Real Time & Making the Patterns Fit can lead to amazing trades, and we're here to celebrate as we've successfully reeled in the E-wave fish into our nets.
Hope you enjoyed the fall from 1135 to 1105 on April 10, 2024.
What's next?
If the stock holds above 1095, then it can surge upwards in Friday's session and reach the upside targets of 1135 / 1150-1160 zone, as updated via the 6:44 am comment on the last Auropharma idea.
Last Idea Published
From
WaveTalks
Abhishek
Auropharma - Classic Alternate Bearish Bat at 1131 (Sell)Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
Auropharma
Last - 1106 / 1:14 pm / 1st April 2024
After Classic 5 Waves & Stock Topped at 1177 - Last Idea Published on 1st Feb 2024
Stock Dropped to logical support of 958.50 - Minor Support from the tops of 1177 as identified last. It dropped to 958.50 lows in next few days.
Currently, Stock Doing Sideways Once bottom was made at 958.50. We have a classic alternate bat with PRZ 1125-1135 zone & stock topped at 1131 -1st April 2024 as of today.
Trading Strategy
Stock Holding below 1125-1135 -Potential Reversal Zone - can slip to 1050-1075 support zone downside next.
From
WaveTalks
Abhishek
HDFC- Hi Dere Finally Come to 1555 !!!HDFC Jumps to 1555 as we discussed in the last idea with Gartley Bullish... Bulls are Holding Strong.
Guess Who Hit the Bull's-eye? HDFC Zooms to 1555!
Just three months back, in the chilly vibes of January 2024, I charted the stars for HDFC. Like a trusty steed holding the fort, HDFC nestled snugly in the support zone of 1375-1390, only to spring up like a Jack-in-the-box to a dazzling 1555, right on cue with my bullish Gartley pattern forecast. So, here's a cheeky nod: "Hi Dere Finally Come to 1555 !" Sometimes, the market winks back at you, right?
Last Idea - Expected Bullish Gartley in PRZ ( Potential Reversal Zone )
From
WaveTalks
Abhishek
EURUSD Fall - Classic Equality Count in Play | C = A WaveDisclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers!, can you hear them
13th Jan 2024 - B: Wave completed at the tops of 1.11393
Long Term Outlook
From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Once short term completes & the base is formed as discussed in short term analysis, EURUSD will move into next sequence of wonder to behold waves which is Wave 3. Let us wait & have patience for magic to unfold.
Short Term Outlook
It's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023.
Wave C = Wave A falls to 1.03118 falls in the projected zone suggesting a stronger possibility for Wave-C ending in the box zone 1.02 to 1.04 as discussed earlier
From
WaveTalks
(Market Whispers!, Can you hear them)
Abhishek
BHEL - Elliott Wave Analysis Application : Expanding Wedge Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Elliott Wave Analysis Insight
BHEL's stock movement is currently showcasing an expanding wedge or ending diagonal pattern, often seen in the final phases of a trend, such as the fifth wave or wave -C in Elliott Wave Analysis. This pattern indicates we're possibly at a critical juncture.
Today's High and Implications
Today, BHEL hit a peak at 234.45, a significant level under Elliott Wave Analysis. This point is crucial because it tests the cardinal rule that Wave 3 must not be the shortest, and Wave 3 should be equal to or greater than either Wave 1 or Wave 5. In current BHEL's case, Wave 1 surpasses Wave 3, creating a unique situation. The stock's movement above 234.45 or 235 could mean Wave 5 will also exceed Wave 3, violating the cardinal rule of Elliott wave analysis, which is not allowed.
Technical Indicators and Outlook
The RSI shows a negative divergence, indicating the recent rise to 234/235 might not have strong momentum behind it. This divergence suggests caution.
What's Next for BHEL?
If BHEL remains below the 235 resistance, we might see a retracement to 200, a key support level. A fall below 200 could lead to a further drop to 165.80, which would be critical to watch.
Conclusion
BHEL's stock is at a pivotal point, with Elliott Wave Analysis providing a unique lens to anticipate future movements. While the resistance at 235 is vital, the underlying momentum indicators suggest a potential pullback. Investors and analysts should keep a close eye on these levels for future direction.
WaveTalks... Market Whispers... Can you hear them?
Bank Nifty - Up, Up & Away ( 1000+ points) -Move RepeatsDisclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Bank Nifty went up again, just like before, this time 1000+ points today 31st Jan 2024. It went down a bit first to 45071, retracing 50% of 44429 to 45660 upside move as expected & gave second buying opportunity & then shot upside holding true to our expectation.
Now, it's close to hitting a target of 46500, reaching 46132 so far at the moment.
25th Jan 2024
Bank Nifty jumped big after a wedge pattern unfolded at the bottoms of 44429 lows. We thought it might go up to reach 46500, and it already went up 1231 points on both days combined 25th & 29th Jan 2024.
Last Idea -
Bank Nifty-Post Wedge Crack from 45500-600 - 2nd Buying Opportunity?
What We expected Next?
For those looking to buy, think about doing so if it goes above 45700 or if it drops a bit from its rise from 44429 to 45660.
31st Jan 2024
Banknifty retraced 50% of the 44429 to 45660 to the opening lows of 45071 & Boom upside 1000+ points today 31st Jan 2024.
44429 lows was critical low
If Bank Nifty goes below 44429, then the expectation of it going up might not hold, and it could drop more & new lows can be expected immediately when the idea was published.
BankNifty Bulls
The goal is still to reach above 46500+ especially if it stays above 45660 which now becomes our support & earlier 45660 acted as resistance.
From
WaveTalks
Market Whispers: Can you hear them?
Auropharma - What A Top !!! A Classic 5 Waves Complete at 1177 Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
In Feb 2023, I shared an idea about Auropharma when it was trading in the 450s, predicting it would cross 1000+. The stock began its journey at the channel bottom and has now completed it at the channel top, recently surpassing 1000 and hitting a high of 1177. This marks the completion of a classic 5-wave impulsive sequence. Currently, the stock has retraced by 6.73%, trading at 1073. What a journey from bottom to top! This classic 5-wave pattern for Auropharma suggests a potential retracement could be next.
18th Nov 2023
27th Feb 2023
From
WaveTalks
Market Whispers! - Can you hear them?
Avanti Feeds - Did we top in the Triangle at 599 Highs. Careful!Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Initial Rise (2010-2017):
The stock had a significant rise from a price of 1.40 in June 2010 to a peak of 940 in 2017, marking a seven-year bullish impulse phase.
Sideways Correction (Post-2017):
After reaching its peak, the stock entered a complex sideways correction phase, identified as a WXY pattern. This suggests a period of consolidation and uncertainty.
Recent Developments (Wave-X as a Triangle):
The Wave-X within this correction unfolded as a triangle pattern and topped at 598.50, indicating a temporary peak within this corrective phase.
Resistance Levels:
Key resistance levels are identified at 598.50 and 770. The stock's performance below these levels could indicate bearish pressure.
Support Levels and Potential Drop:
If the stock remains below the resistance zone (598.50 & 770), it could drop to a key support level at 386. A breach below this could lead to a critical support level at 321 (Wave-D). If these supports are broken, the stock might target the 160-175 zone, completing the corrective phase that started after the 2017 high. This correction could be just first set of correction & to be reviewed later as we get more price information.
Ichimoku Cloud Indicator:
The price getting rejected close to Ichimoku Cloud & breaching key support levels while under resistance could be an early warning sign for a potential drop to the 160-175 support zone.
Target Zone 160-175:
The target zone of 160-175 for Avantifeeds is significant because it's where Wave-Y is expected to travel 61.8% of the distance of Wave-W as one of the measurements, commonly used under Elliott Wave analysis.
In summary, the Elliott Wave analysis indicates that Avantifeeds is currently in a complex corrective phase following a significant bullish run for 7 years from 2010 to 2017. Key resistance and support levels have been identified, with potential downside targets if these levels are breached. The Ichimoku Cloud provides additional confirmation of these bearish signals. Investors and traders should closely monitor these levels for potential trading opportunities or to adjust their positions accordingly.
From
WaveTalks
Market Whispers!
IREDA - Wave 3 Tops at 156 (Expected 155 ) Next Wave-4 Triangle Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Holding Above 144 , Stock could push upside towards 165-175 target zone & complete one of its minor degree waves upside which started from the recent lows of 103 as discussed in the connecting ideas for the stock.
It is amazing to see how stock halted exactly 162% travelling wave 3 distance as shown in the previous idea.
What Next?
Currently post completing wave 3 upside, stock started doing sideways this morning & the best possible structure to unfold in wave 4 is a triangle.
Critical level
144 to hold as support
Next Target zone
165-175
Last Ireda Idea - Wave 3 - Up, Up & Away
IREDA - Debut Idea
Bank Nifty-Post Wedge Crack from 45500-600 - Buying Opportunity?Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
As discussed over the HDFC Idea
Got an explosive upside move in Bank Nifty & pattern looks to be terminated downside with a falling wedge.
Post wedge- Bank Nifty jumped 1231 points appx. As updated recently we were looking for 1500+ points as logical target upside towards 46500+ out of which it rallied 800+ points in the 1st hour of trading today i.e. 29th Jan 2024
Second Buying Opportunity
Plan your buying trades above 45700 breach on upside or wait for retracement of the the move 44429 to 45660 as another buying opportunity or strategy.
Stoploss
View becomes invalidated if Index drops below 44429 lows - In that case, fall may extend downside further & to be reviewed later.
Expected Upside Target
46500+ with halt in 45500- 45600 zone as suggested over HDFC Idea this morning, holding above 44429 - recent low
From
WaveTalks
Market Whispers! - Can you hear them?
HDFC Bank - Bullish Gartley / Failed ZEE / BlockBuster IREDADisclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
HDFC Bank: Bullish Relief in Sight
The stock has formed a bullish Gartley pattern with a Potential Reversal Zone (PRZ) at 1375-1390. This zone, backed by historical support, offers a glimmer of hope for bulls following the recent market downturn. For a continued bullish view, it's essential that HDFC Bank holds within the 1375-1390 range.
In simple words, It's important the stock stays in this range (1375-1390) for a good chance to go up. Be careful with your trades.
ZEE Entertainment: A Missed Bullish Trigger
ZEE Entertainment failed to surpass the critical levels of 250 & 300 as suggested & didn't go up as we hoped., which were essential for a bullish move. Consequently, we had to manually close this trading idea. It serves as a reminder of the market's unpredictability and the need for vigilant trigger level monitoring.
IREDA: A Stellar Run
IREDA's performance has been nothing short of spectacular, with consecutive Upper Circuits from the purchase zone of 110-112.50. Remarkably, the stock rallied from the 114-116 area to close at 169, hitting our projected target zone of 165-175. This success story provided an exhilarating experience for those who seized the opportunity, showcasing the rewards of timely and strategic trading.
As we navigate through these market dynamics, let's stay informed and strategic in our decisions. Here's to a fruitful week ahead in the markets!
From
WaveTalks
Market Whispers
EURUSD - Impulsive Start from 0.9538 Lows Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Short-term, it's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023.
Symphony'sTrajectory: A Cautionary Tale in the AC and Ref SectorDisclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Symphony, a notable player in the AC and Refrigeration industry, has experienced a turbulent journey in the stock market. After reaching its peak in January 2018 at a high of 2209, the stock has been under pressure. This peak was a significant rise from its low of 86.80 in June 2012, showcasing an impulsive growth. However, the past six years have been challenging, with the stock mostly moving sideways and currently hovering above the 800 mark.
Recent Performance:
Since reaching its peak in January 2018 at 2209, Symphony has struggled. For the last three years, the stock has been mostly flat, staying above 700-800 price zone.
Risk of Decline:
There's a risk if the stock drops below 700-800 price zone. This could start a downward trend. It's important to watch this zone.
Short-Term Outlook:
If Symphony stays above 800, it might reach 1050-1100. But this is still within a larger downward trend.
Comparison with Peers:
Comparing Symphony with Voltas and Whirlpool, Symphony seems weaker. Voltas looks like a better choice in the AC and Refrigerator sector.
Investors should watch these levels in Symphony closely. Falling below 800 is a bad sign, while breaking above 1530-1590 could mean growth.
Voltas Stock Analysis
Whirlpool Stock Analysis
From
WaveTalks
Market Whispers!
Voltas vs Whirlpool: A Stock Comparison Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Voltas' Technical Strength:
Voltas rebounded from its 52-week low at 737, which was close to its previous resistance level at 741. This is a classic example of "polarity reversal" where resistance becomes support & vice versa. This rebound to 1024 suggests strong momentum, increasing the likelihood of Voltas reaching new highs, potentially surpassing its all-time high of 1356.90.
Fundamental Comparison with Whirlpool:
The fact that Domestic Institutional Investors (DIIs) hold more in Voltas than Whirlpool is significant. It shows more confidence from these large investors in Voltas. This could be due to various factors like company performance, market positioning, or financial health.
Whirlpool's Technical Weakness:
Whirlpool as being in a "head and shoulders" pattern, which is often seen as a bearish (negative) indicator in technical analysis. This suggests that Whirlpool might not perform as well as Voltas in the near future.
The last Idea on Whirlpool
Outlook:
Considering these points, Voltas shows a stronger technical and fundamental position compared to Whirlpool. The support level at 737 appears to be a strong base for Voltas, indicating it might be a more favorable choice for investment. However, the stock market is unpredictable, and external factors can influence performance. It's important to keep an eye on market trends and company news.
Conclusion:
Voltas seems to have a better outlook than Whirlpool, both technically and fundamentally. However, remember to consider the inherent risks and uncertainties in the stock market.
Whirlpool - Head & Shoulder Target 555 Below 1200Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
The vertical distance from head to neckline once projected down after stock slips below 1175-1200 zone could extend the fall in months & years ahead for Target 555.
