Prosenjit

Prosenjit Updated 

NSE:LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start. A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up. A Long Term Target of 449.05 is quite possible....

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Since August 2021 the price of NSE:VISAKAIND has only come down and created a reverse "N" like shape on the chart. This is a Bullish Pattern and should take the price up and make a Higher High. As it is a dividend-paying stock hence an investment can be made from cmp, with the first target of Rs 132.80/-, a second Target of 174.65/-, and a final target of...

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NSE:CENTRALBK In the past was in a severe Down Trend, but currently, it has created a U-shape recovery, which should take the price up to 122, which is approx.136% Return on Investment from the current market price. But before going up there can be some consolidation and a small drawdown. Disclaimer: Stock trading is inherently risky and you agree to assume...

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On request of @Loserboy69, NSE:RCF is in an Up-Trend. Elliot's 3rd Wave is progressing in the Weekly Chart which should take the price up to 174.05. From the Current market price to this Target, there will be a 48% Return on Investment. Price never moves up straight, so, it will create a lot of Corrective moves while going up to this target. Holding and...

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BSE:BANKINDIA After a big downtrend price has been able to break the trendline and create a "U" shaped recovery, and also broke Lower High, this indicates that the price has changed its temporary downtrend and shall go up. Expecting a Long-Term Target of 216 for now.

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NSE:DIXON has just broken an important Resistance. The expectation is it will make All Time High. A Target of 6500 to 7000 can be expected in the long term. This will be approx. 50% Return on Investment. Hold and Buy on every dip. #investment

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NSE:ABFRL was in a steep downtrend in the past. It can be observed from the Candlestick Chart that this Down Trend line has already been engulfed and the price has retested it. Currently, the Price has been able to break a Lower High and started creating Higher Highs and Higher Lows on the chart, which is a signal of the beginning of an Up-trend. The price has...

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NSE:BIOCON after a big fall has been able to create a HH and HL, this is an indication of an Uptrend. And the price has just reacted from a Trap Zone, hence expecting it to go up to 281 for now, which is approx. 9.44% Return on Investment.

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In NSE:DHANBANK price has just broken a Lower high, which is a signal of up-Trend. Hence expecting a Target between 10% to 25% in this chart

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NSE:CROMPTON This stock has broken a Downtrend Line and standing at a Zone, hence expecting it to go up and give at least 2:1 RR.

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Last couple of days NSE:NIFTY has rallied sharply, now today, after Gap Up price has created a Hanging Man candlestick pattern in the Daily Chart. This is a Bearish pattern. Hence, I think, this should ideally take the price down to 19035 for now. And from there I expect Nifty to achieve another Higher High till 19535.

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NSE:COFFEEDAY After a good amount of fall has created a falling wedge which is a Bullish pattern and the price has just tested a Trap Zone, hence expecting it to go up to 41.15.

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NSE:COCHINSHIP This stock has created a falling Wedge which is Bullish and Reacting from a Trap Zone, hence expecting a Target of 609.40. This will be approx. 5% return on investment.

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Investors can start to accumulate Tata Motors from now on with every dip. Current market price is 77.95 and nearest Trap Zone is at 64.50. There is a Bullish Channel and a Wolfe formed in it. Ideally it should take the price up to All Time High. As per Harmonics, a Pattern which is close to Bullish Bat is getting created in the Chart. This should send the price...

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Nifty has created a Wedge Pattern in daily Chart. Today a break down of the Trend line has happened, expecting Nifty to go down further. From the Retest of the Trend Line a Short trade can be taken. Entry around 11589.40 Stop above high and Target 11030. Disclaimer: This is not a trade recommendation, this is for educational purposes only. I hold no...

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Expecting Tata Motors to give bounce from around 119.15 area, this bounce, for now, can take the price of Tata Motors till 140 level. This is a small swing long trade for Tata Motors. Levels are levels, they might also break, so, the best idea of trading is to take the Trade on Confirmation. My Long term view for Tata Motors is working well...

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As we have seen in the past Nifty has fallen down much. Now, it is probably creating an Ascending Channel (This will be confirmed in few days time). All Ascending Channels are Bearish in nature and hence expecting this current Rally to take the price further down. Probably, we can expect a new low. But Investors should not fear because after the new low, we can...

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Reliance is moving in an ascending channel and as expected it has broken the upper boundary of the channel to create the 5th Point of the Wolfe Wave. Many a times, we see Harmonics pattern form inside the Channel. And here a Bearish Deep Crab pattern has completed it's structure of XABCD. It is also observed that the Trend is very steep, it got broken and a retest...