After a prolonged bear market, D B reality looks like reversing. Investors can look at this counter for investing.
Apart for technicals, If we look at fundamentals
a) With RERA , GST, demonetization the entire real estate will function more effectively.
b) Promoter has come out of 2g scam.
c) Good land bank, trading much below book value.
1. promoters holding has gone up.
2. Restructuring underway.
3. Technically looks like after abc decline, we are in new uptrend. With wave 1 and wave 2 being complete. worst case we might still be in wave 2. whatever may be the count. wave 3 rally is due. fib rules gives us a target of 151 for wave 3.
4. Both from fundamental side and technical side, this looks...
This is weekly charts of zodiac, When we observe the daily
charts, we can see that 4th wave of c is in progress, with 5th
wave likely to come to 192-190 levels.
Investors should look to buy around 192 levels with a stop loss of 174, we are likely to get a move towards 260 levels, At 260 levels one can evaluate weather to hold or exit.
For now consider buying at...
The risk reward looks very favorable, Hence posting
this wave count.
Remember the overall market is overbought and hence the stock needs to be constantly monitored for changes in wave pattern.
for now we go with what we see.
Stock likely to consolidate between 682 to 650 for few more days. Any decline closer to 650 should be used to buy.
stop loss should be at...
The wave pattern in CESC suggest that we are in 5th wave of C.
It could end anywhere in the region marked in blue rectangle.
Once done , we might see a decline to 790 levels.
One should use lower time frame to identify trade setup. as of now the stop loss is too far to take a trade position based on daily charts.
The stock has been making higher top, higher bottom, one of the easiest set up to trade.
The fall from top appears corrective. if you can accumulate at 1630-20 levels. with a stop loss of 1600, one can target 1760 levels.
good risk reward
Granules has resumed its up trend today,
Wave pattern suggest it is in 5th wave.
Currently within 5th wave , 1 and 2 is over and 3 has started today.
This upmove could target 166 levels. Lets see how it goes
It appears that asian paints is forming a traingle .If true the stock is likely to get resisted at around 1165 levels and will move down 1090 levels to complete the pattern.
Once the pattern completes , we should see a resumption of up trend
There has been price squeeze in GDX for quite sometime.
It appears that either this price squeeze is complete or
getting close to completion.
Trading idea - Buy GDX at cmp (21.80), stop loss 18.68, target 27.42