DrPrashantVerma

DrPrashantVerma Updated 

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...

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TATA POWER CMP: 428.45; RSI: 50.05 TATA Power in Primary bull cycle & in mid of impulse wave-3 in weekly chart basis. This, Primary Impulse wave-3, should take the price to levels of 646 (1.618x) in next 8-10 month of time frame. While wave within the wave, on shorter time frame, on daily chart frame, its middle of intermediate corrective wave-4, which may...

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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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InterGlobe Aviation: CMP:4469; RSI: 69.62 As per Elliot wave analysis, Inter Globe Aviation has completed primary wave-4 formation @ 3780 and motive wave-5 is in its initial phase of expansion. Confirmation of the same will be evident when script give close above 4885 levels on closing basis. A swing trade is poised in the near future with a upside of 15-20%. ...

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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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BEML CMP: 4360.25; RSI: 67.40; BEML has completed primary level ABC correction pattern. Now clear breakout above 4280 level was observed as script is sustaining above breakout level from last 3 consecutive trading sessions, representing strength in script and bottoming out signs. Thus, fresh position in BEML can be initiated. Chart structure is strong and must...

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Tata motors CMP:786.45; RSI: 36.35; TATAMOTORS has completed 5 wave impulsive -Primary Bull cycle phase on weekly chart basis and now in corrective of ABC wave in formation . Corrective Wave-A has bottomed out and wave-B may give a swing trade opportunity for aggressive trader . This wave-B may take the Tata Motors shares at levels of 969-980 levels. In...

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Hindustan Aeronaut Limited: CMP : 4476.85; RSI: 59.24 HAL has completed Intermediate wave-4 correction , and bottomed out at 200 DEMA, motive wave-5 may take the HAL price to 5500-5600 levels, making it a good candidate to accumulate for a swing trade. Swing Trade Target 1 : 5500-5600 Next Resistance HAL: 4562-4704-4934 Stop-loss: 4100; ✅ For more...

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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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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,...