KunalSaxena10

KunalSaxena10 Updated 

Hi Folks, Tips have been trading in a channel previously since Feb 2024, recent week candle has given a breakout on top of falling wedge. Elliot Wave Analysis 1. Currently doing 4 wave of larger impulse. 2. Falling channel on weekly timeframe with RSI cooling off. 3. Recent week candle has broken out RSI as well as channel with surge in volumes. 4.5 wave...

KunalSaxena10 Updated 

Hi Folks, HDFC life looks very bullish on daily time frame. Currently, Daily RSI has broken out nad weekly RSI about to test falling trendline. If the breakout sustains, Risk reward is highly favourable. Life insurance theme is available at very reasonable price, there is increment in premiums which lead to top line as well as bottom line growth for insurance sector.

KunalSaxena10

Hi Folks, Fundamental Analysis 1. High top line growth - Sales growing at high growth. 2. High capex since 3 years. Operational leverage will play out in coming years. 3. PAT increasing constantly at a very decent growth. 4. PE is still undervalued, rerating will soar price multifold. 5. High free cash flows/ Cashflow from operations at its peek. 6. OPM is...

KunalSaxena10

Hi Folks, There has been high accumulation in consumption sector. Recent surge of volume with decent delivery can be seen in linc in recent days. Overall, longer bullish trend on weekly charts is intect. After a decent time and price correction, upmove looks like prevailing again. Elliott Wave Analysis - Long Term 1. On longer time frame (Weekly) - Left chart...

KunalSaxena10 Updated 

Hi Folks, Auto ancilliary sector is going through accumulation without much price movement. Many of the stocks in the sector are setting up well for mid term trade(3-6) months. Wheels India has given a breakout from bullish pendant pattern on a monthly timeframe . RSI breakout augments the price movement too. Targets are marked with initial ones of previous...

KunalSaxena10

Hi Folks, I am tracking silver linked ETF's for long term investment and did a long term and mid term analysis for the same. Analysis is on weekly timeframe, so mind you this will take a lot of time to play out. Also, ill cover a basic know how to interpret wave structure. Following is the inference- Elliott Wave Analysis Larger wave structure will follow 2...

KunalSaxena10 Updated 

Hi Folks, Quick heal is undergoing larger 3 wave on weekly time frame. Within internals of ongoing 3 wave, we can see correction in 4 wave with a classical falling wedge pattern. Falling wedge has been broken with good volumes on daily time frame. RSI augments the price action and has broken with HH-HL structure. 2-4 trendline will act as support as well as...

KunalSaxena10 Updated 

Hi Friends, Following is the EW counts on weekly Tf. Currently, we are unfolding a larger wave 3 which has just started. 1. Larger Wave 1 was an ending diagonal where 4 wave overlapped with 1st wave. 2. Second wave has made a decent retracement. 3. With sectoral tailwinds in consumer durables and stock seems to be picking accumulation at the last leg of...

KunalSaxena10 Updated 

Hi Friends, Bata has retraced 0.78% of previous impulse. It is setting up nicely with favourable risk reward ratio. There has been nice accumulation in volumes/delivery. Seems to be breaking out of correction. Strong tailwinds in consumer durables might propel it to larger 3 wave. Targets are marked in the chart on the basis of fib projections.

KunalSaxena10 Updated 

Hi Folks, Currently, stock seems to be completing 4 wave of ongoing larger 3 wave. Falling wedge has been broken and RSI breakout is evident too. Targets for 5 wave up are marked on chart. Huge tailwinds in consumer durable can propel this to new highs.

KunalSaxena10 Updated 

Hi Folks, Dwarkesh has closed above 30 WEMA in current weekly closing. Recent volume surge in sugar sector indicates smart money doing accumulation. Soft commodities are in major bull cycle; sugar, tea, paper all sectors giving bullish breakouts. Analysis 1. Current weekly closing above 30 WEMA with a strong candle. 2. RSI breakout on weekly charts. 3. On...

KunalSaxena10 Updated 

Hi Folks, Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months. Elliott Wave Analysis 1. Completed an ongoing impulse with a divergent 3-5 wave. 2. Correction of the impulse seems to be completed...

KunalSaxena10 Updated 

Hi Folks, Vinati organics has been in price as well as time correction since September 2022. Almost, corrected for 2 years and maintained a falling wedge, cooling off RSI on weekly and Monthly timeframes while correcting for almost 700 points. Fundamentals Stocks in chemical/speciality chemicals sector are mostly sitting on operational capex with stable...

KunalSaxena10 Updated 

Hi Folks, Bandhan bank made a top in Aug 2018 and since then it is in downward trend. News regarding poor top management, high NPA, low NII and other fundamental issues has been circling around till recent past. Now, there are few positives in their performance forecasts in con calls and rating updates. Stock might try to give a breakout from bearish...

KunalSaxena10 Updated 

Hi Folks, Metrobrand has shown very high delivery in overall day volumes. It has gone through a healthy correction of 50% of last leg of impulse. Stock has absorbed selling pressure, albeit with low volumes with high liquidity. Currently, price has broken out the falling wedge and RSI has shooted up to corroborate the strength of this up move. Constant weekly...

KunalSaxena10

Hi Folks, I have been studying this sector(agro chemical) for a while. This sector can outplay operational deleverage since sitting on capex since few years. Recently, they did a rights to lessen their debt to save interest on borrowings. UPL is also a market leader in agro chemicals sector with presence across the globe with an array of topline...

KunalSaxena10

Hi Folks, Good weekly closing above 30 WEMA after a good bullish weekly candle signals bullish territory ahead. RSI has already broken out in Daily TF, a breakout of RSI on weekly will give sharp upmove. Why Bullish territory? 1. Weekly close above 30 WEMA. 2. Breakout sustained above 640. 3. Change in overall structure, from LH-LL to HH. 4. RSI breakout in...

KunalSaxena10

Hi Folks, Welpsun corp is under ongoing long term impulse. In mid term, it is undergoing 4 wave wherein we can see expanding flat triangle. Wave 4 can be seen with ABCDE sub parts in a triangle formation. Once the upper trendline is taken out and Weekly RSI makes higher high, then we can ride the 5 of larger 3 wave.