The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (1) and (2), which are shown as black numbers on the daily chart. Wave (3) appears to be underway at this time and might reach a maximum length of...
TREND - NUETRAL- DAY TL
Just at the juction of down and upward TL's
PRESENT ZONE-
coming down from SUPPLY ZONE 1.above lots of supply zones formed including MULTI YEAR SUPPLY ZONE at 17.85.
FORECAST -As per ZONE
once TL is broken will come down to DEMAND ZONE 1/weekly demand zone at 15.4.
MY TAKE-
Mostly will go and touch MULTI YEAR DEMAND ZONE ZONE at...
Namaste!
1) BCG is a very good mid-cap stock for investing, based on my analysis. It has average EPS of Rs 4.40 for the last 6 years. It also has corrected enough to look good to value investors.
2) It's intrinsic value (IV) is Rs 184, if India 10Y Treasury yield of 6.1% is considered. I personally use Sir Ben Graham's formulae, in which he has put 10 Year...
Reason for long
a) Fundas are good
b) Recent quarters, FII decreased the major stake in this stock (Red flag, SL compulsory or position size to be 0.3% of total investment)
c) Promotor long at 8 price point.
d) Promotor stake is less than 30% (Red flag)
SL compulsory
This is one of the risky penny stock.
Book value is less than CMP
For KIHTNANA................. Be patient on this one...... Let the accumulation complete.... Your stoploss is barely 50-70 paisa from the CMP, and hence dont FRET....
For..... Kihtnana............ BCG chart from a weekly period perspective. I am detailing the entire wave counts from Inception to Current date. Remember this........... weekly periods does not mean it happens over a WEEK..... rather the period is basically a cycle which will play out over a certain period of time. Do also remember that this count will differ from...
Now that something has started on BCG..... I am going to the Daily chart to see the current moves on it. If and only IF I consider the entire fall from 37/ odd to 13/ as a SINGLE wave down, then the Retracement MUST go upto 78.6% RISE of this entire fall towards between 28/ to 31/ apprxx. We sustain this upmove above 31/ for a few days and the Bottom should well...
For SHREK................... I updated my idea and to explain to you went deeper into the Monthly chart instead of the previous weekly chart posted. This should give Most of you a better understanding of the wave count as the wave would have come FULL CIRCLE. Meaning the Monthly charts cannot hide any Wave structure and are LONG TERM Trends unlike hourly.......
I started picking up this one at 15-18 apprx 2-3 months ago and kept buying untill 10/.... with some large quantities accumulated at an average of 12/65..... I went long on it. at 32/ I squared all my Longs.... and waited and waited and waited for the retracement. What most think of as a retracement to New Lows..... I dont think so. It has come all the way down to...
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Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Expecting BCG to reach below levels in future.
Short term Target levels:
Target 1 - 44
Target 2 - 54
Long term Target: 100 - 110
Note:
This technical analysis is for education purpose only. Please share your feedback in comment section.
