DrPrashantVerma

DrPrashantVerma

NIFTY50 : 23572.30 NIFTY is in Primary Bull cycle phase (on weekly charts) and in middle of Wave -3, which should take the NIFTY at levels of 33k-43K & finally 55K in next 2 years’ time frame . On immediate basis (on daily chart basis) chart structure suggest it has entered Intermediate level wave -4 correction. Nifty at its crucial support of 200 Simple...

DrPrashantVerma

Suzlon CMP: 62.50; RSI: 32.77 At present script is near to oversold territory, script has corrected to 27% in near term, fundaments of the compny is good, it can be accumulated at current price, it has good risk to reward ratio Acuumulation Zone : Rs:60-62 Near term Target levels - Rs: 67-72-77 (3 months) Long Term : Rs 86-87 (6 Months) Stop loss- 54.5 (On...

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Zomato CMP:194.40; RSI: 55; Zomato chart structure seems to be very strong, it’s a good buy at the current market price (range of 188-195) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis. The various swing targets for the script are- Target- 1- 212-215 ; Target-2- 226-230;...

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City Union Bank: CMP: 163.03; RSI: 65.35 Cup and handle formation has fizzled out in past, while the price action is a range bound. Ascending triangle pattern (contracting) is visible on charts. If, CUB, breaks-out above 171.50 level than new lease of life in script will take it to new heights. For Aggressive traders: BUY at 159-163 Level; for a target...

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AMBUJA CEMENTS LTD; CMP: 676.50; RSI: 54.95 Infrastructure push from government of India and consolidation in a cement sector, makes Ambuja cement a good buy at the current market price. One should accumulate at current price and wait for a long term to see the share multiplying their investment. For the short term targets visible on charts are, Target-1:...

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Suzlon CMP: 79.95; RSI 72.77 At present script has enter into short term consolidation zone. However chart is very strong. Those who are in profit are advised to book profit (50%) between Rs: 80-82. and re-enter at lower level. Profit Booking: Between-Rs-80-82.5 Re-entry After profit booking: Rs-72-75 Final Target : Rs 92- 94 ( 4 weeks). ✅For more trading...

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Zomato CMP:259.95; RSI:62.38; Gap created on charts is re-claimed. Any intraday down-swing below the 245 should be brought till the level of 235. At this point the weak hands in the scripts are removed in last 2 -3 weeks of consolidation. This gives a good opportunity for re-entry into the stock. Re-entry-level: between 234 – 245 Near Term Target: 285-290;...

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Interglobe Aviation CMP:4256.50; RSI: 62.43. Indigo results has been pretty decent and yet again beat the market expectations. Profit booking is seen immediately after that, which is good sign and good opportunity for those who doesn’t hold the shares yet, also a good price point to accumulate. Indigo is undoubtedly enjoying the monopoly scenario for another...

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Titagarh Rail System: CMP 1400.15; RSI: 42.98 Wave analysis suggest that complete wave cycle is near completion(wave c near completion). Script has taken support at 100 day EMA & near oversold zone ( RSI near to 30) Titagarh current price is very lucrative, It can be accumulated for a swing trade ( 10% upside) and for a short term view. . Swing Trade Targets :...

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Hindustan Aeronaut Limited: CMP : 5200.25 Buy: 5050 - 5250 Next Resistance HAL: 5313-5320 Short term Target 5693 - 5715 zones (2W times) Midterm Targets (30 days): 6016 (Target-1); Stretched target 6381 (target-2) Stop-loss : 5020; Strong support: 4685. ✅For more trading ideas like this, please like, share, and follow my Idea Stream✅

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Tata motors CMP:953.95; RSI: 42.73; Tata motors, chart is showing signs of fatigue and weakness, is poised to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775). Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070 on...

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BHARAT ELECTRONICS; CMP:- 333.10; RSI: 68.65 BEL, script has given a flagpole breakout on 5th July 2024; and consistently holding above it. This months target for the script should be 379-383 as visible on chart. First Resistance Zone: 343-344 Target: 354-379 -383 Stop Loss: 319

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Grasim Industries Ltd., CMP: 2512.40; RSI: 32.34 Grasim Industries, is below 100 DMA & near to its 200 days moving average support placed at 2328. It’s a good time to invest for a swing trade. Accumulation Zone: 2350-2440 Stop Loss: Daily Close below 2310. Swing Target: 2850 – 2990 Time Horizon: 3 Months ✅For more trading ideas like this, please like,...

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HINDUSTAN AERONAUT, CMP: 3872.90; RSI: 59.88, This Defence major has given a decent returns to its investor. The script has a splendid run-up and given returns to a approx. 93.9% in last 7 months time frame. On charts the script has showing some signs of fatigue and the script may be near its peak. The script may peak out in short term at 4100 odd levels. Script...

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LARSEN & TOUBRO : CMP: 369.35; RSI: 54.61 Larsen & Toubro is one of the best bet in infrastructure sector to ride the Indian Economy growth. Also company is increasing its footprint in global market and bagged few big ticket size order win in last few years form GCC market. As per chart analysis, on weekly time frame its, next target is long term (2 years)...

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ASHOK LEYLAND CMP: 224.26; RSI: 44.52 Ashokl Leyland has entered into Wave-4 downturn and will see retracement till 201-196-183; Fundamentally script is good and should be accumulated below 205 level. Immediate support for the script is at 217 and 206 level. Accumulation Zone : Rs 205- 193; Stop Loss: 183

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SHIPPING CORPORATION OF INDIA; CMP: 205.85; RSI:40.20 Recent correction into the market, because of uncertain environment at home, has given good opportunity for new investor to take a position in the script. The script is in sideways flat consolidation with ABCD correction pattern. Soon the script will be out from the consolidation zone. Its good time to ...

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Titagarh Rail System: CMP 1582.70 (52W High); RSI: 70.03 Chart structure is intact, new impulse wave in formation, 10% upside is still possible in near term. Near Term Targets : 1812-1832 Time Frame: 4 Weeks Accumulation Zone: 1420-1350; Stop Loss: 1300 Long Term Support: 1246 ✅ FOR MORE TRADING IDEAS LIKE THIS, PLEASE LIKE, SHARE, AND FOLLOW MY IDEA STREAM ✅