pankajarora232

pankajarora232 Updated 

Bharat Forge seems to have completed Wave 4. Wave 5 targets 1800, 2200

pankajarora232 Updated 

NTPC could have completed Wave 4 or close to. If Wave 5 starts - Target is + 500. If it's just a pullback then we look for 13-17% in the trade.

pankajarora232 Updated 

Cyient had a bad result and got sold off. It is now very near to Wave 1 top, which should not be breached for uptrend to stay intact. It's a punt that we can take with a small SL at 1291 i.e. the Wave 1 top.

pankajarora232 Updated 

Either Wave 4 done or W done. In both cases a trade till 310 looks good.

pankajarora232 Updated 

Seems like Wave 4 is complete. Buy here, add at 130. with 128 as SL. Target at least Wave B top (170) and then ATH.

pankajarora232 Updated 

So, the last pullback was 4th down and we got 5th down today. 680 is 61.8% retracement of Wave 3 and a great entry point for a long trade. At least A is done and we should play for a B up. Possible 15-20% upside. Buy now, add around 682. SL 675.

pankajarora232 Updated 

Wave 4 seems done in WXYXZ. Even if it's a larger W down an X up should unfold. Good 20% trade from here.

pankajarora232 Updated 

Jio could have completed correction. But difficult to say. However, we have 5W down on daily and can look for a pullback to 260. SL 230.

pankajarora232

We are completing some form of correction in a triangle - assuming it to be an ED. Play for 10% and then trail - could give big returns.

pankajarora232

5 Wave down in C of 4 seems done. If not entire 4, maybe a larger W down in 4 done and a larger X to unfold. Can play for 1,30,000 in X and ATH in 5.

pankajarora232

Wave 4 seems over. Play for another 50% in 5 of of 3. This is just larger wave 3. So long way to go for investors.

pankajarora232

Weekly Wave 4 seems over. Play for previous high. Small SL (yesterday's low).

pankajarora232

Either Wave 4 done or Y in 4 done. In both cases a good set-up for 15% long trade.

pankajarora232

Wave A down is done, and B of Wave B up is done. Play Wave C up for a +15% trade.

pankajarora232 Updated 

Hang Seng tech is finally getting ready for Wave 3. To play safe, we'll consider it as a corrective move, which can also go till 5700: ~50% from here. If it turns out to be Wave 3, then long way to go. One step at a time - Let's wait for the trendline (black) to break. Disclaimer: Have position in ETF - MAHKTECH

pankajarora232

Gulpoly had a strong run post Covid - part of the chemical stack. EPS has started improving in June results. Expecting the correction in wave 2 to be over anytime soon, and a major run up in Wave 3 to start. It might test patience in short term, but the results should be sweeter.

pankajarora232

For India to become to grow Energy Independence will be the key lever. It starts from expanding Upstream capacity in Oil - which is where HindOil plays. We are in 3 of Long term (Monthly) and 3 of mid term (weekly) with 3 of short term (daily) just finished. Look for reversal signals to enter and enjoy the ride. Short term target 415. No SL required - ride till 2030. :)

pankajarora232 Updated 

HSTECH has gone through a deep correction in last few years. My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade. We have completed Wave 1 and 2 and Wave 3 has begun. Within wave 3, just minor 1 has been done and wave 2 correction...