Gjain75

Gjain75 Updated 

Stock is in intermediate wave 5 of primary 3 and targets 290 (CMP 236). Its covered by only one analyst – Axis Securities(target 265), and the analyst has done full justice with his research and is quite a good effort on practical grounds. At 290, the stock will be valued at app. 25x FY25 earnings (around 40x TTM). Strong dealers network of over 800, capex focus...

Gjain75 Updated 

Stock is progressing well on intermediate wave three of first primary of third cycle. Currently it is in minute wave (iii) of minor 5, which is targeted at 211 with confluence of targets of both. Target for intermediate wave 3 is 245 (towards first target of cycle wave at 270). It has also successfully broken out of larger TF supply zone with 4 daily TF candles...

Gjain75 Updated 

Completed a triangle formation on weekly charts and advancing towards 3707+. If the corrective waves were to be labeled as ABC, then the wave labeled as D in this chart would qualify as an impulse having completed wave 3 and wave 4 validly, and marching on wave 5, in which case the target is 3707. Basis the hypothesis of triangle completion, the target is 4247 -...

Gjain75 Updated 

Stock seems to have entered minor wave 3 of the third intermediate of fifth primary. Stock took long time consolidating in wave 4 from 2015 to 2020 which marked the end of a double correction. The next upswing that started from 23 march 2020 (post corona) could either be X - paving way for triple correction or wave 1 of primary fifth. Both the interpretations are...

Gjain75 Updated 

Brent Sweet Crude completed primary wave 4 with satisfactory completion of pattern, down to the miniscule degree, yesterday. The rebound since then, appears to be the impulse of primary wave 5, though its too early stage to conclude whether it would be impulse or diagonal. Even if wave 4 were to continue into double correction, there should be retracement back to...

Gjain75 Updated 

It appears that primay wave 4 of cycle V has ended with more than required retracement. Expect this to touch 4924 as first target towards its upward goal. If current wave remains primary 4, then rangebound movement also suggests this level as target. Alternatively, if Cycle target is supposedly met at 0.618 without completing pattern (4991), then also the current...

Gjain75 Updated 

Of various possibilities (more than 5), the current wave being wave C of cycle correction, seems appealing. It has already achieved its objective through wave 1, so wave 4 (the C of which is in progress) may be sluggish and may fail to completely unfold as irregular correction. In reasonable expectations, down to 2197 seems sine qua nan. the current wave, may...

Gjain75 Updated 

Stock is in the most powerful wave of its lifetime, minuette 3, of minor 3, of primary 3 of Cycle 3! All the previous waves, of this cycle 3 (primary 2, minor 2), have been defying all the fib retracement levels so far by big margin. 200 daily EMA at 925 and anchored VWAP at 924 is showing good support. Will write more detailed analysis later, I am going long...

Gjain75 Updated 

Basis wave theory: Its making a diagonal triangle in its cycle V, of which it completed primary corrective wave 4 in the week of 23 oct. 23. Its previous cycle wave III was exaggerated at 4.618x, and cycle wave 5 was expected to end at 1x at about 627, it however exceeded that by narrow margin of little over 5% (peak 658). This overshooting, and non completion...

Gjain75 Updated 

HDFC Bank is preparing itself for a major breakout of previous failed breakout of resistance. Near term target of 1774 (CMP 1681) in 15 days (5.5% gain) and 2089 (24% gain) by 20 Jun 2023. The recent results were decent. Institutions are accumulating at around 1600 levels to ride the next big wave which is underway with increasing momentum and high volumes....