DhandhaPaani

DhandhaPaani Updated 

Date: 17 Oct’24 Symbol: MRPL Timeframe: Daily Mangalore Refineries & Petrochemicals seems to be in final stages of Wave 4. If it goes down further from present level, 160 should hold well. Both rising volumes and divergence in RSI suggest accumulation in progress in the stock. Wave 5 can mount to around 330-340 (2X from current price of 169). I can review the...

DhandhaPaani Updated 

Adani Power has been in Wave iv since 3rd June’24 which could have likely gotten over with its final dip on 12th August’24. If that’s the case, where is it heading to after it breaks out from the current range? One way to look at it could be a target to the top of the channel (as seen in the chart) i.e. 1300+. The other way is of course 5 small waves of Wave V...

DhandhaPaani Updated 

Date: 21 Sep’24 Timeframe: Weekly chart Graphite India currently seems to be in Wave III of 3 which is heading towards 1400 levels (130% growth from current price) as seen in the chart. Even if it attains its previous all time high of August 2018, that’s almost double its current price. If one can handle the fluctuations that operators inject from time to time...

DhandhaPaani Updated 

Date: 22 Sep’24 Stock: Indian Metals and Ferro Alloys (IMFA) Timeframe: Daily As mentioned in my idea posted on 10 Sep’24 (link is in Related Ideas section), IMFA seems to have completed Wave IV of 3 on 13 Sep’24 and begun Wave V impulse towards 950 as seen in the chart. It can very well go past 1000 as well, only further moves can confirm this. This is not a...

DhandhaPaani Updated 

Date: 3 Oct’24 Stock: Granules Timeframe: Daily chart Granules India seems to have begun its up move in Wave V of 5 which could end around 810-820 (>35% from current price of 595) as seen in the chart. High volumes and strong reversal of RSI supports this stance. This is not a trade recommendation. Please do your own analysis. Aisa lagata hai ki Granules India...

DhandhaPaani

Date: 15 Oct’24 Symbol: ASHOKA Timeframe: Daily Ashoka Buildcon seems to be in Wave 4 which is likely to see one more leg down before it starts to move up in Wave 5 towards 370 (~60% from end of Wave 4) as seen in the chart. Company’s market cap (~7000 cr) to sales (10,000+ cr) ratio is at 0.68 while the industry average is 4 times higher at 2.24. This is not a...

DhandhaPaani

Date: 12 Oct’24 Symbol: Metropolis Timeframe: Weekly Metropolis Healthcare seems to be in Wave 3 in larger timeframe which is heading towards its all time high (ATH) of 3575 (~57% from current price of 2275) as seen in the chart. Wave 4 is likely to come down to around 2700 levels and in Wave 5, it could target 5500-6000 (140%+ from current price). A good year...

DhandhaPaani

Date: 5 Oct’24 Stock: Life Insurance Corp of India Timeframe: Daily LIC seems to be forming a complex diagonal in Wave V which could end at a minimum level of 1270+ (>30% from current price of 970) as seen in the chart. It could even go higher to around 1400 levels which will be confirmed only as the trend develops. It seems to have completed Wave B on 4th Oct...

DhandhaPaani

Date: 3 Oct’24 Stock: Jublingrea Timeframe: Daily chart Jubilant Ingrevia seems to be in Wave III of 3 which is heading towards 1300+ (60%+ from current price of 810) as seen in the chart. Wave III could end around 940 and Wave IV could correct to 750 levels (returns would be even higher if entered at the end of Wave IV of 3). High volume and strong RSI support...

DhandhaPaani

Date: 30 Sept’24 Stock: Cosmo First Timeframe: Daily chart Cosmo First seems to have begun a fresh five wave impulse in March’24 and currently in Wave V of 1 which is heading towards 1050+ (~35% from current price of 790) as seen in the chart. Wave 1 target could even extend to around 1150-1200 levels (50% higher from current price) which can be reviewed once it...

DhandhaPaani

Date: 30 Sept’24 Stock: IRCTC Timeframe: Daily chart IRCTC seems to have begun its up move in Wave V of 5 which is heading towards 1225-1275 (30%+ from the current price of 930) as seen in the chart. A more clear target will appear as it moves beyond 1000; in due course of time. Both volume and RSI are gaining momentum. This is not a trade recommendation. Please...

DhandhaPaani

Date: 28 Sept’24 Stock: MapmyIndia (CE Infosystems) Timeframe: Daily chart MapmyIndia seems to be in Wave III of 3 which is heading towards 5000 levels (2.3X of current price of 2160) as seen in the chart. This is a long shot but it is what the chart tells me. The company listed on bourses in Jan 2022 around 1900 and is around the same level in Sept 2024 while...

DhandhaPaani

Date: 25 Sept’24 Stock: Vedanta Timeframe: Daily chart In my earlier analysis of Vedanta in May this year, I had mentioned the stock is heading to over 800+. I have now reviewed my analysis for a target of around 580 (20% from its current price). Vedanta seems to be in Wave V of 5 and could attain a target of about 585 as seen in the chart. This is not a trade...

DhandhaPaani

Date: 24 Sept’24 Stock: Tata Steel Timeframe: Daily Tata Steel seems to be in Wave V of 5 which has a likely target of around 200 (25% from current price of 160) as seen in the chart. Volume is high and RSI is strong. Even if this price is achieved in next 3 to 6 months, it is a safe bet. This is not a trade recommendation. Please do your own analysis.

DhandhaPaani

Date: 23 Sep’24 Stock: Godrej Properties Timeframe: Daily Chart Godrej Properties seems to have begun Wave V of 3 impulse which is heading towards 4900 levels (50%+ from current price of 3200) as seen in the chart. Both, increase in volume and RSI breakout confirm this move. More clarity on the target will emerge as the move develops. Possible before the end of...

DhandhaPaani

Date: 15 Sept 2024 Timeframe: Daily Chart PTC India is currently in Wave III of 5 which is heading to 380-400 (65% from current price of 240) in medium term as seen in the chart. Wave III is likely to end around 300 levels. High volume also supports this headroom for an up move. This is not a trade recommendation. Please do your own due diligence and analysis.

DhandhaPaani

Indian Metals and Ferro Alloys (IMFA) on daily chart seems to be in final stages of Wave IV of 3 which may culminate around 600 levels or has it made a bottom(?); only the next few sessions can confirm that. Wave V of 3 is likely to see price up move towards 930-940 levels (~55% jump from lows of wave IV) which is fantastic if it attains it (in next 6...

DhandhaPaani

Sun TV on weekly chart seems to be in ‘Wave III’ that could extend to ATH (all time high) of 1100 also completing the Cup (of C&H) as seen in the chart. ‘Wave IV’ could correct to around 800-850 levels and then ‘Wave V’ to head towards 1300 (over 60% rise from current level of 800) also completing the Handle (of C&H). This is all part of a larger Wave 3 that...