Trader DhrumilVyas — Trading Ideas & Charts

Shalimar Paints | Downside Target can be 120 !

, 1DShort

Shalimar Paints seems to be in bearish hands. There is two possibility : 1. Reversal from 120 2. MACD takes support from draw trendline Let's see which case Shalimar takes !!!

INFY Gap filling ?

INFY

, 1DLong

DhrumilVyas

I would be bullish on INFY above 1650 as big gap filling may come. It would be fast covering so take positions with accurate risk management.

Short term Natural Gas View as per Elliot wave analysis

NATURALGAS1!

, 60Short

DhrumilVyas

Natural Gas is in consolidation for a while after continuous drop. Initial price action shows flat correction ABC wave. Right now we may be in wave B. Internal Wave count of ABC is having 3-3-3 wave structure. We are in b wave of Wave B. It is expected to be completed around 544. Wave c of Wave B will go towards 400 as shown. Please let me know if anyone is...

Titan Short Term View

TITAN

, 60Short

DhrumilVyas

Titan to be trapped into bearish hands. Short Titan below 2500 with SL = 2633 for Target of 2200/2000.

Britannia short term view

BRITANNIA

, 60Long

DhrumilVyas

Flag formation is seen in Britannia. Can be added at CMP with SL = 4000 for Target of 4400/4600.

NIFTY AUTO is looking positive

CNXAUTO

, 240Long

DhrumilVyas

NIFTY AUTO is moving between two levels from very long time. It has taken support near lower level 12750 and moving upwards towards 13350. Looks good for futures and option positions in sector. Regards, Dhrumil Vyas

MCX

, 1DLong

DhrumilVyas

MCX has came out of range bound area. It will move towards higher levels as mentioned in the chart.

NIFTY IT to move towards 30500

CNXIT

, 1DLong

DhrumilVyas

Look at self explanatory chart given. Channel Breakout and impulse shows NIFTY IT will reach 30500 by second week of Dec 2022. Regards, Dhrumil Vyas

L&T Long Term view with Elliott Wave theory

, 1MLong

DhrumilVyas

L&T to reach 3400 by June 2025. We are in third (Most powerful wave as per Elliott Wave Theory) wave which will be taking L&T to greater heights. For detailed explanations, please refer chart with notation.

Deepak Nitrite is good for 3000 Target

DEEPAKNTR

, 1WLong

DhrumilVyas

Deepak Nitrite looks good for Mid term target of 3000. Company has good future prospects along with higher sales. One can also bet for the company for Long term investment.