AdarshDey

AdarshDey

Seems Bullish as it is trying to initiate 5th Wave. It has fantastically taken support at Golden ratio(0.618) of Wave 3rd, so it can be hoped that 4th wave formation has been completed. The expected targets are 61.90-68.75 - Long term target is 83.50. Currently this stock is in triangle pattern once it breaks out it will easily achieve the target of 61.90,...

AdarshDey

This was recommended at the bottom when it was getting corrected, when no was even looking at it. Now as it has crossed the expected mentioned targets and the wave is confirmed, the new targets are 1712-1787.The link for the old study is given above & below. Please follow through. Chart & Analysis by - ADARSH DEY

AdarshDey Updated 

IDBI BANK LTD is in Bullish Wolfe Wave pattern formed over years(Wave countings has been marked). The chart is bit difficult for a newbie to observe.Let me brief you in key points. Very recently it has got activated again and broked the 135 TL. But the good thing about this time is, it has sustained above the 135 TL for 2 weeks. 1.The blue circles that used to...

AdarshDey Updated 

Seems like a Good Buy. Because it has been testing the 0.5 Retracement level since last 5 weeks. And the financial performance of the company is also good. We can witness a good bounce in the times to come. CHART & ANALYSIS BY ADARSH KUMAR DEY

AdarshDey Updated 

Previous NIFTY OUTLOOK post was an indication for the Expected Bullishness. No surprise NIFTY didn't disappointed at all. For 11th OCT the mentioned support level was 17841 and NIFTY shooted up exactly from the mentioned level. For 12th OCT the mentioned support level was 17863.50 and NIFTY shooted up from the almost the same dot to dot level . Link to my...

AdarshDey Updated 

Few reasons to focus on this stock: It has recently touched and took support at the 0.618 Retracement level of entire 0-3 Wave. It is at monthly trendline support.This is a very strong support It is backed by Dis-investment theory. Any strong reversal can make this stock fly Previously I have done mistake by taking buy decision at an intermediate support. I have...

AdarshDey Updated 

Drawing the TL (trendline) is really important. It gives you a hypothetical idea about which & what way the certain stock or index is heading.This is an hourly TF chart of NIFTY . I have segregated the trend in to four parts by plotting the trendline A,B,C,D.The last line ie D is the major support in short term. In terms of price the support stands to be at...

AdarshDey Updated 

A Wolfe Wave has been spotted. A proper reversal at this point can move the stock upside to 780 - 840. One can wait for reversal sign before taking entry or they can enter now with strict SL of below 725 on closing basis. Chart & Analysis - ADARSH DEY

AdarshDey Updated 

TCS was definitely a surprise for its loyal investors even though it was having not so annoying quarterly results. Now let’s focus on what’s next. I carefully went through the chart adding some important parameters. Let me share the findings with you. On 26th Feb TCS closed 3.37% Down with a huge volume spike at 5.53M, RSI was 33.12. On 9th July TCS closed 1.55%...

AdarshDey Updated 

This company is into financial services. The QoQ revenue growth is good. Wave countings has been plotted on the chart. Currently the stock is taking immense support at 0.786 Fibonacci Retracement level of the previous wave 2-3. This gives a clear hint that the stock will head for point 5 (Price level - 33.30). However the short term targets are 23-24. Please...

AdarshDey Updated 

The stock has corrected from its 52 week high and trying to take support at 0.618 retracement level as well as its previous two highs, Generally these are the levels where a stock sharply rebounds. It would be a BUY call from my side, of-course with a proper SL. Chart & Analysis ADARSH DEY

AdarshDey Updated 

This stock is a very crucial point ie. RAS( Resistance acting as support). And in mid term it has formed a Wolfe Wave, the wave counting has been mentioned in the chart. 5th wave may get initiated soon. The completion of 3rd wave and initiation of 4th wave has been confirmed at 1.618 Retracement level . However the completion of 4th wave and Initiation of 5th Wave...

AdarshDey Updated 

As it is in Wolfe Wave and there is a heavy volume in the 5th Wave, for this reason a correction is expected. This correction would be a good opportunity to BUY the stock. The buy level that seems fine to me is at 130-135. We need to find a reversal sign at the mentioned level for a buy entry.

AdarshDey Updated 

A wolfe wave has been spotted in Weekly Time Frame. After the covid fall the Wolfe wave has already activated. Currently the stock is forming its 2nd Wave. The 3rd wave is yet to be initiated. Hopefully it will take a support from this level to 911 and initiate the 3rd wave. So it's a accumulation zone. One can accumulate from here or after getting a reversal....

AdarshDey Updated 

GAIL INDIA LTD At its crucial support , a good bounce can be seen from this point. BUY for the target of 150 minimum. Above it the gate would open for 165. CHART & ANALYSIS ADARSH DEY

AdarshDey Updated 

Looks good for LONG when it closes above 623 and trades above the same. For the target of 720-743 in short term. However the SL is 570. CHART AND ANALYSIS BY ADARSH DEY

AdarshDey Updated 

Taking a fantastic support. Seems a good buy at this level with a SL of 20 Points. Targets are mentioned on the chart. CHART & ANALYSIS ADARSH DEY

AdarshDey

5th Wave has been initiated. Looks good for the level of 63 Chart and Analysis ADARSH DEY