DhandhaPaani

DhandhaPaani

Date: 23.12.24 (Post has been hidden so reposting) Symbol: PTC Timeframe: Daily PTC India has been a tough script so far. Here is my another attempt to read its chart. Seems like Wave IV of 3 has extended but it is quite oversold on the RSI. I have marked two levels below today’s price. Ideally, it should not breach those. Rest is on the chart. This is not a...

DhandhaPaani

Date: 3 Dec’24 Symbol: ERIS Timeframe: Weekly ERIS Lifesciences currently seems to be in Wave V of 3 which is heading towards 1960-70 (25% from current price of 1470) as seen in the chart. Wave 4 could then correct back to 1300 levels. The company, in the recently announced September quarter results has posted best ever revenues and operating profits. This is...

DhandhaPaani

Date: 25 Nov’24 Symbol: PTC Timeframe: Weekly Seems like, Wave 4 is finally over in PTC India (in my 15th Sept post, I mentioned it as already over but the Wave was a complex one) and it will soon resume its up move in Wave 5 for the destination of 370-80. Some interesting facts to know why it can still double up from its current price of 168? a. Healthy sales...

DhandhaPaani

Date: 21 Nov’24 Symbol: NATCOPHARM Timeframe: Daily Natco Pharma currently seems to be in Wave IV of 3 which could end around 1240-1220 and Wave V could then head towards 1800-1900 levels (45%+ from where Wave IV would end) as seen in the chart. A more precise target can be pinned once it makes a fresh ATH. Two levels (1770 & 1900) have been marked as possible...

DhandhaPaani

Date: 17 Nov’24 Symbol: NIFTY Timeframe: Daily Nifty 50 seems to be in final stages of Wave A of an ABC correction that began in Sept’24. Correction in A could end around 23300 and if it breaks that level, it could even head to 23050-23000. It would then witness a pull back towards 25000 levels in Wave B as seen in the chart and finally Wave C down. Please note...

DhandhaPaani

Date: 11Nov’24 Symbol: EPL Timeframe: Daily EPL (formerly known as Essel Propack Ltd) seems to be in Wave III of 3 which could extend to 400 levels (60% from current price of 250) as seen in the chart. Possible wave counts have been marked which will have to be reviewed as the move develops. EPL has posted best ever quarter sales and profits in Q2 today so a big...

DhandhaPaani

Date: 11 Nov’24 Symbol: SHARDACROP Timeframe: Daily Sharda Cropchem seems to be in Wave III of 3 which is heading towards 1350 (~60% from current price of 800) as seen in the chart. Wave 3 could even extend to 1500 which can be reviewed after closing above 1100 in Wave V of 3. Recent Q2 results are good with better margins compared to last FY. This is not a...

DhandhaPaani

Date: 10 Nov’24 Symbol: EPIGRAL Timeframe: Daily Epigral (formerly known as Meghmani Finechem) seems to be in Wave V of 3 which is heading towards 2800 (33% from current price of 2100) as seen in the chart. There is a possibility of Wave V extending to 3000 which we can assess once it closes above 2500. Let’s keep a stop loss at 1840 on closing basis. Q2FY25...

DhandhaPaani

Date: 6 Nov’24 Symbol: AFFLE Timeframe: Weekly Affle India seems to be in Wave V of 3 which may end around 1850. And after correction in Wave IV, the price is likely to head to 2450 (60%+ from where Wave IV ends) as seen in the chart. Once the prices go past 2000, five waves of Wave 5 will be more visible. Wave 5 could even extend and head towards 2800+; will...

DhandhaPaani

Date: 4 Nov’24 Symbol: SBIN Timeframe: Weekly SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends). Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a...

DhandhaPaani Updated 

Sharda Motor Industries on daily chart seems to be in Wave IV that began on 9th July’24 and likely to come down to 2000-2050 levels as seen in the chart. This consolidation can go on for a few months. Thereafter, the stock shall move up as Wave V (in five smaller waves) towards 3700+ levels (a 80% jump over corrected price), also marked in the chart. The stock...

DhandhaPaani

Date: 3 Nov’24 Symbol: THYROCARE Timeframe: Daily Apparently, Thyrocare seems to be in Wave III which could conclude around 1000. Post which Wave IV correction could come down to 840-820 levels marked as Demand Zone in the chart. And Wave V then will be heading to 1430 to 1500 levels (70%+ from 830 levels) depending on where Wave IV ends. Its all time high price...

DhandhaPaani

Date: 01 Nov’24 Symbol: ADANIPOWER Timeframe: Daily The Big Question is - if Wave IV in Adani Power is now over? A higher high after a close above 675 will make it official. Is 570 a strong enough support? Looks like it. As seen in the chart, a circle has been marked as an accumulation zone. Wave V is likely to head to 1050 levels (70% from current price of 600);...

DhandhaPaani Updated 

Date: 27 Sept’24 Stock: Tata Power Timeframe: Daily chart Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I...

DhandhaPaani

Date: 30 Oct’24 Symbol: DXY Timeframe: Weekly US Dollar Currency Index currently seems to be in final stages of Wave (e) of B. One more leg up and DXY will be ready to head lower sharply and in a big way. It is likely to head towards 90 and lower. This also means with DXY treading lower, Nifty is likely to witness an up move. This is not a trade recommendation....

DhandhaPaani

Date: 30 Oct’24 Symbol: ARE_M Timeframe: Daily Amara Raja Energy & Mobility seems to have begun Wave V of 3 which is heading towards 2150 (60% from current price of 1350) as seen in the chart. Once it has crossed 1450, its five waves can be established. Both volume pop out and RSI strength support this view. This is not a trade recommendation. Please do your own...

DhandhaPaani

Date: 23 Oct’24 Symbol: CHENNPETRO Timeframe: Daily The 14th Oct post is not visible somehow so posting the same chart. Chennai Petroleum Corp Ltd currently seems to be in Wave 4 which may end around 780-820, marked as demand zone in the chart. September quarter results are not good so consolidation in Wave 4 can be longer. Wave 5 could then head to around 1500+...

DhandhaPaani Updated 

EID Parry’s Q4 results are not announced yet and that’s one major reason the stock hasn’t moved decisively. Once results are out of its way, it is likely to continue its journey up (unless results are too bad). Any fall towards 590-580 levels should be treated as an opportunity to accumulate. This is not a trade recommendation. Please do your own due diligence/analysis.