DrPrashantVerma

DrPrashantVerma Updated 

TATA POWER CO LTD; CMP: 357.20 HARMONIC BUTTERFLY PATTERN is visible on charts, further Fibonacci level & Elliot wave count suggest the retracement was just more than 50% from the initiation wave of primary degree. For short term traders:- Entry: 340-355 Target: 1- 395 Target-2-445 Stop loss: 330 ✅ For More Such Trading Idea stream Like this, Share and...

DrPrashantVerma Updated 

City Union Bank Ltd. CMP: 177.39; RSI: 62.35 Elliot Wave reading- CUB has been sloping upward channel from last 18 months. Elliot wave reading suggests the script in middle of wave-3 on daily time frame. It is showing resilience and consolidation in range of 181-175 levels. Weekly resistance is placed at 180.9. Closing & breakout above this level will take...

DrPrashantVerma Updated 

The primary 7 wave cycle (4 yearlong) of GRSE is near its culmination. The key levels were as below. Wave Initiation: at 89.25, Wave I peaked at 222.65; Wave II retraced till 160.05; Wave III peaked at 957.50 Wave IV Retraced till 668.65; Extended Wave V Peaked at 2814.85 Sub-wave c of Wave V touched 1350.50 Sub-wave c is still unfolding and now Pennant...

DrPrashantVerma

SJVN. CMP: 96,64; SJVN, has successfully broken downward sloping channel and consolidating above the same. If stock holds 91.5 levels, up move is likely in the script. Trade for swing trade. Entry: above confirm breakout above 102 Levels (1 H resistance zone) Target: 111-123 Stop Loss: 91.5 ✅ For More Such Trading Idea Stream Like this, Share and Follow, MY...

DrPrashantVerma

NHPC. CMP: 86.02; RSI: 65.32 Rounding Bottom formation was seen and RSI is also giving positive divergence. If stock holds 81.5 levels, up move is likely in the script. Trade for swing trade. Entry: On confirm breakout- above 92 Levels (1 H resistance zone) Target: 98-104 Stop Loss: 81.5 ✅ For More Such Trading Idea stream Like this, Share and Follow, MY IDEA STREAM ✅

DrPrashantVerma Updated 

TATA MOTORS: CMP: 706.65; RSI: 48.09 Recent correction has taken the script value to bottom of the parallel channel and taken support on weakly chart basis. Value buying can be seen at level. Accumulation zone: 650-700 Stop-Loss : 636 Target: 850-940-1030-1130 Time Frame: 3 months

DrPrashantVerma Updated 

Elliot Wave reading- Indigo, has been range bound for last 6 months from a level of 5038, where wave-3 was completed, and then corrective wave -4 completed at 3960 levels. Wave-1 completed at 2745.10 Wave-2 Completed at 2333.35 Motive wave-5 is in formation, Probable Targets of wave-5 as per Elliot wave are: • 0.618 extension of wave -1 @ 4626 (which has...

DrPrashantVerma Updated 

NSE:COROMANDEL Coromandel International Ltd. Elliot wave reading (Monthly) suggests that that the Wave-3 is completed at Higher High 1971.60; now corrective wave-4 should take over the various projecting end point corrective wave-4 are suggested below. A short trade opportunity is seen on chart • Entry at: 1701 (on closing basis) • Stop- Loss:...

DrPrashantVerma

MAHINDRA & MAHINDRA LTD: CMP: 2585.10; RSI: 38.12 Mahindra and Mahindra stock is 21% down from its recent highs and in oversold zone. Script is below its all moving averages 10...200 days EMA. On daily chart Harmonic Shark pattern is visible . Current market price is, at its Potential Price Reversal Zone (PRZ), and price trend reversal can unfold in coming...

DrPrashantVerma Updated 

CITY UNION BANK LTD; CMP: 170.22; RSI.47.67 City union bank chart analysis shown the completion of wave-4 retracement and now impulse wave-5 is in formation. This should take the script to new 52W high. Script is rangebound at present and has taken support to its 100 DEMA placed at 169.76. Downward retracement is limited till 160 odd levels. A long position can...

DrPrashantVerma Updated 

INDIAN HOTELS, CMP 791.80; Indian hotels has given good runup and created good wealth for investor. As of now on wave analysis of weekly chart suggest wave -V targets at 1015-1050 level. Upside potential of 25%a are visible on charts. Accumulate: 750-800 Resistance @ 900-920 STOP LOSS: 705 TARGET: 1015-1050 Time Horizon: 3 Months

DrPrashantVerma Updated 

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...

DrPrashantVerma

Zomato Ltd, CMP: 235.02 Chart Structure has signs of bottoming out at 203-205 levels and tested support twice. The present momentum will retrace before it expand to final target of 270-279 levels. Look for below key levels. First Resistance: 248-250 Entry levels (Retrace back levels): 217-211 Stop loss: 209 (closing basis) Target: 270-279 For More...

DrPrashantVerma Updated 

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;...

DrPrashantVerma Updated 

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...

DrPrashantVerma Updated 

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...

DrPrashantVerma Updated 

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%. ...

DrPrashantVerma Updated 

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...