karuneshBajpai2

karuneshBajpai2

Description: HCL Technologies (HCL Tech) has formed a visually striking bullish head and shoulders pattern on the price chart, indicating a potential upward trend. Traders and investors may find this setup appealing for potential trading opportunities Key Points: - Pattern Type: The pattern observed in HCL Tech's chart is a bullish head and shoulders pattern,...

karuneshBajpai2

Indian Energy Exchange (IEX) is a licensed Power Exchange in India that facilitates spot trading of electricity and renewable energy certificates. It operates an automated platform for the trading of electricity units for physical delivery. Recently, the stock price of IEX has experienced a significant decline, possibly due to the Central Electricity Regulatory...

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Hindustan Unilever is a well-known FMCG company that has not generated significant returns for investors over the last several years. The stock is currently in a sideways position. However, it is still possible to earn profits even in such market conditions. In recent months, the stock has seen an upward trend since March 8, 2022, rising from 1927 to 2700+....

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Hello; Long term investers I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price. In my opinion, this presents an Good opportunity for long-term investors to buy into the stock. SONACOMS is a company with strong...

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Escorts, a leading company in the auto sector, has shown a significant price movement as per the wave theory. The price movement from June 2022 to December 2022 indicates the completion of an impulsive wave of 12345. It is a well-established principle in Elliott wave theory that after the completion of a five-wave sequence, the index or stock tends to experience...

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Nifty doing WXYXZ correction... Based on my understanding of technical analysis, Nifty appears to be undergoing a WXYXZ correction pattern. This corrective pattern is a five-wave structure consisting of three waves that move in the opposite direction to the overall trend, followed by two waves that move in the direction of the trend. The first wave (W) in...

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METRO BRANDS has recently completed wave 4 with a triangle formation, indicating a potential move towards wave 5. Traders may consider entering a position in the range of 815-830, with target levels at 976 and 1107. It is important to note that trading carries a risk of loss, and a stop loss at 765 is recommended to limit potential losses if the trade moves...

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Aurobindo Pharma has recently shown a strong growth recovery from its bottom, offering a potential trading opportunity with minimal risk. Our analysis reveals the activation of a harmonic Bat Pattern, which suggests a target of 552 with an entry range of 474-482 and a stop loss of 444. By leveraging this trade plan, traders can potentially profit from the...

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The chart shows a flat pattern in progress, which is a type of corrective wave. The pattern is labeled as A-B-C and is indicated by the three waves on the chart. In a flat pattern, wave B retraces at least 80% of wave A, and wave C moves in the opposite direction of wave A. On this chart, wave A started at the high point of the trend and moved downward, followed...

karuneshBajpai2

Dow Jones, the widely followed stock market index, has experienced a decline in recent days after a strong upside rally from October to December 2022. Technical analysis reveals that the index has broken an important support level and is showing a bearish trend. Additionally a Harmonic bat pattern has emerged, indicating a potential minimum target of around...

karuneshBajpai2

Reliance stock appears to have breached its rising channel on the weekly time frame, indicating a potential downward trend. However, there is a possibility that the stock may re-test its 200 Weekly Moving Average, which presents a potential buying opportunity for long-term investors. Reliance has historically been a "buy the dip" stock, and investors may...