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3rdwave

GM BREWERIES - TECHNICALS plus FUNDAMENTALS - A STOCK TO INVESTINVESTMENT PICK of the year -- MONTHLY TIME FRAME BREAKOUT 🚀🚀 TECHNICAL VIEW Overall view - - Technically this stock has given a shiny breakout in Monthly Time Frame of downward sloping trendline which suggest the stock have more potential and more bias upside. Again, As per Elliot Wave theory, the stock has entered the 3rd wave which is the momentum wave in monthly timeframe. KEY POINTS (TECHNICALS) - Stock is trading All Time High - It has given breakout in monthly time frame with power pack intensity of volume - RSI (relative strength index) is above 70 in monthly as well as in weekly time frame which give momentum to the stock - Price challenging upper Bollinger band which indicated the initiation of wave 3rd LET'S TALK ABOUT FUNDAMENTALS - Company's profit and sales are in increasing order 📈 - Company is fully debt free which gives an extra edge to company's growth - Promoter's holding is 74% which is actually very good - FII has increased its stake in last quarter - Company's Price to Earning ratio (P/E ratio) is just around 13.9 to 14 compared to industry PE which is around 32, that indicated that the company is doing great in the industry and have more potential to grow in this industry SOURCE- SCREENER.in and ticker finology Conclusion The stock is having bullish bias in long term as well as in short term analysing both - Fundamentally plus Technically, it can give us targets of 1300-1400 in long term, buying and averaging will be between 850 to 750 Disclaimer I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose. THANK YOU KARANN DINGRA 💰
NSE:GMBREWLong
by KARANN_DINGRA
8
Mohit Industries - A buy on Dip candidateHello everyone , I am here with a new power pack stock with a cup n handle chart pattern breakout named MOHIT INDUSTRIES (NSE). technical view The stock has given a good Breakout in weekly as well as in monthly Time Frame with good intensity of volume. the stock have sky touch as the breakout is followed by an Extreme Bullish Chart Pattern i.e Cup N Handle. CUP N HANDLE EXPLAINATION Cup N Handle is a chart pattern which is mostly used for bullish road map of the stock. How it is formed - generally the stock have a huge fall from its high and the stock floats is a range for many years say 4 to 6 years or more, it forms a cup like structure and after that the stock explodes as there is an assumption that there might be the accumulation in the past 4 to 6 years when the cup was forming. Targets as per Cup N Handle -- The targets usually comes three times the target of cup. Elliot Wave View- - the stock is looking in its impulse wave (1-2-3-4-5) - In that impulse it might have entered the bigger wave 3rd - the minimum target as per wave 3rd is 1.618 of trendbased fib which is around 48 rs. - but as per cup n handle it can be extended and might give targets of 72 and 95 as well. conclusion the stock looks in its bullish phase, the stock can b lookout for upside mentioned targets with mentioned stop loss on chart itself. one can add at every dip also till stock is above Stop Loss line. Disclaimer I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
NSE:MOHITINDLong
by KARANN_DINGRA
Wave (3) Awakening: Shri Jagdamba Polymers Ltd. AnalysisOverview: Shri Jagdamba Polymers Ltd. has completed Wave (1) and Wave (2) in blue of Intermediate degree on the weekly chart. The stock now appears to be starting Wave (3) in blue, which should unfold into five subdivisions as Wave 1-2-3-4-5 in red of Minor degree . Currently, Wave 1 in red has finished its subdivisions as Wave ((i)) and Wave ((ii)) in black of Minute degree . Now, Wave ((iii)) in black of Wave 1 in red seems to be starting, indicating a bullish outlook. Wave (3) Characteristics: - Strong Impulse: Wave (3) is typically the most powerful and extended wave, characterized by strong upward momentum. - Fibonacci Extension Target: If Wave (3) in blue reaches 161.8% of Wave (1)-(2) , the price target can be approximately 3300 . - Subdivisions: Wave (3) subdivides into five smaller waves (1-2-3-4-5 in red of Minor degree), with each smaller wave further subdividing (e.g., Wave 1 in red subdivides into ((i)), ((ii)), ((iii)), ((iv)), ((v)) in black of Minute degree). Current Technical Setup: - Current Price: Observing the price action. - Key Levels: - Invalidation Level: 450 (marked as the low of Wave (2) ) - Fibonacci Extension Target: 3300 Technical Indicators: - Wave ((iii)) Starting: The initiation of Wave ((iii)) in black of Wave 1 in red signals potential strong bullish momentum. - Bullish Outlook: The completion of preliminary waves ((i)) and ((ii)) in black suggests that a significant upward move is likely ahead. Risk-Reward Analysis: - Risk: Low risk with the stop-loss set at 450 . - Reward: High potential reward with a target of 3300 . - Risk-Reward Ratio: Favorable due to the substantial upside potential and defined risk level. - View: Long term Investment pick. Trading Strategy: - Consider entering a position as Wave ((iii)) in black of Wave 1 in red unfolds, with a stop-loss at 450 . - Monitor for further confirmation of upward movement and add to positions as Wave ((iii)) progresses. Conclusion: Shri Jagdamba Polymers Ltd. is poised to start Wave (3) in blue of Intermediate degree , characterized by strong bullish momentum. The current setup indicates the start of Wave ((iii)) in black of Wave 1 in red, offering a compelling risk-reward opportunity. Monitoring the progress of these waves and the overall price action will be crucial for optimizing entry and exit points. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BSE:SHRJAGPLong
by RK_Chaarts
4
Elliott Wave (3) Awakening: Laxmi Organic Industries Ltd.Laxmi Organic Industries Ltd. has completed wave (1) in blue Intermediate degree on the weekly chart from its inception till the peak in September 2021. Wave (2) has completed at the bottom in June 2024. We are now possibly starting to unfold wave (3) in blue Intermediate degree on the weekly chart, which is generally a strong impulse wave. Wave (3) Characteristics and Strength: - Strong Impulse: Wave (3) is typically the most powerful and extended wave in the Elliott Wave cycle, characterized by strong price movements and high trading volumes. - Fibonacci Extension Target: The ideal target for wave (3) is the 161.8% extension of wave (1). Using the Trend-based Fibonacci Extension tool, this projects a price target near 1000. - Subdivisions: Wave (3) is expected to subdivide into five smaller waves (minor degree), each representing a smaller impulse move within the larger wave. Current Price Action: - Current Price: 265 - Key Levels: - Invalidation Level: 220 (last swing low) - Breakout Confirmation: 277 (a break and close above this level will confirm the start of wave (3)) Technical Indicators: - Bullish Divergence: At the bottom in June 2024, double bullish divergence was observed, signaling potential reversal. - Dow Theory Confirmation: We are waiting for the first higher high and higher low formation to confirm the bullish impulse. This pattern will strengthen the case for wave (3) initiation. Risk-Reward Ratio: - Risk: Very low, with the stop-loss set at the invalidation level of 220. - Reward: Potentially huge, with a target of 1000 or more, aligning with the 161.8% Fibonacci extension of wave (1). - Risk-Reward Ratio: Excellent, considering the low risk and high reward potential. Trading Strategy: - Entry Point: Consider entering a position now while the price is at 265, with a stop-loss at 220. - Confirmation Entry: A more conservative entry can be made once the price breaks and closes above 277. Conclusion: Laxmi Organic Industries Ltd. appears to be in the early stages of wave (3) in blue Intermediate degree. Given the characteristics of wave (3) and the current technical setup, this presents an attractive trading opportunity with a favorable risk-reward ratio. Monitoring the price action for a break above 277 will provide further confirmation of the bullish impulse wave. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:LXCHEMLong
by RK_Chaarts
10
Lux Industries What a Move TodayHappy Deepawali to all of you I wanted to share some exciting investment insights with you, and I want to preface by stating that I am not a financial advisor, and the information provided here is solely for educational and informational purposes. Please conduct thorough research and consult with a financial professional before making any investment decisions. The Lux Industries stock has shown promising signs as a potential investment opportunity. It completed its (2)nd wave at the intermediate degree on March 31, 2023, and since then, it has initiated an impulsive move for its (3)rd wave. Additionally, it has completed its wave 1 and 2 at the minor degree and is currently in the minor degree wave 3. Today's market movement indicates a minute degree (i), which concluded at a high of 1530, followed by a sharp correction in wave (ii). According to the Fibonacci series, the stock appears to be at or near its bottom, as indicated on the chart. I would like to emphasize that investing in the stock market involves risk, and it's essential to perform your due diligence, consider your risk tolerance, and have a well-thought-out investment strategy. Lux Industries investment opportunity holds special significance for me, and I want to extend my sincere gratitude to all my followers on TradingView for your support, likes, and comments. Your encouragement is greatly appreciated, and I am grateful for the opportunity to share these insights with you. Lastly, I would like to express my appreciation to the team at @ TradingView for providing a wonderful platform that facilitates sharing knowledge and ideas within the trading community. Wishing you a prosperous and joyous Deepawali, filled with wealth and happiness. May your investments be fruitful and your financial journey successful. Thanks and warm regards
NSE:LUXINDLong
by imkhushal
HDFC BANK, GREAT FLAG PATTERN!!a great formation has been formed by hdfc stocks. its a great bullish pattern, and as i have mentioned the waves, and the trend of waves, a long back in one of my idea(linked it below), the stock is following in the same way. it yet needs to go up by 10%, there is 3rd wave pending, and stock will go up soon. but the risk part is that bank nifty, has been very overbought position, and it yet needs to be falled about 7%, i will bring a detailed analysis, in further coming ideas. but yet, this risked, is hedged, by the fall of SBI & ICICI banking stocks. this 2 very stocks had kept bank nifty at its ATH. bank nifty will trade between the range of 43000-40000. its just that it needs to come to its major trend, since now it is in an overbought position. yet this range will be maintained by great weighted bank nifty stocks, like hdfc bank, icici, kotak and sbi. LAST POINT: have a look a volume bars too, for month, week and day time frames. so i am bullish on hdfc bank as of now for this month. (below i have just dropped some idea links related to banking sector for your own analysis).
NSE:HDFCBANKLong
by raghavchoudhary2016
#NASDAQ - CRASH - 12.000 INCOMING? Nasdaq broke the recent correction lows and closed right at session lows. If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down. Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major inflection point in the Nasdaq chart. That would probably be an insane buying oportunity, especially in some - at that time probably completly obliterated - high growth stocks. ---- If you wanna protect your portfolio, wait for Nasdaq to retest 13.700 from below and get rejected, that would be your lowest risk/reward short entry. Im not posting full short setups though, cause of reasons :D ---- STAY SAFE out there and good luck on your trading.
UShort
by 10xTrading
XVS TO $500 & HIGHERGood day folks. Decided to do some charting late night and came stumbled upon XVS. One of my favourite coins which I actually had a target for $500 a while back but was just based on speculation, a dream if you will. So decided to actually analyze it and see if its possible. The answer to that is a big YES. Honestly wondering how I didnt see it before. Now i'm kicking myself for not being a belieber. Anyways hope this one helps you guys out. Cheers. Also worth Noting the wave 3 target of $500 coincides perfectly with the 3.618 fib resistance level.
Long
by RektMyMom
3
Buy opportunity at $150. PT $480Buying zone between $219 (0.5 retracement) and $122.88 (0.854 retracement of the first impulse). Looking at the RSI trajectory and the MACD bearish signal in the weekly we are likely to cross the 200 EMA to $147.35 (0.764 retracement), a zone that has been acting as support and resistance for the past few months. Baidu closed the second retracement of the supercycle in March 2020. Currently consolidating the second wave of the third impulse, which will be the largest, with a target of between $483.5 (1.618 extension) and $562.88 (2 extension) if the bottom of the second wave is confirmed at $147.35. In the event that the bottom of the second wave is at the 0.5 retracement (where we are now), targets would be between $458.37 (1.68) and $522.22 (2). Overview : First buy order (25% of the position) at $190. Second buy order (75% of the position) at $150 Sell orders (depending on the last bottom): between $455 and $562 in the beginning of 2023. +50% annualized profit . Like and subscribe if you liked the idea and want more. Comment with your opinions. Any idea is appreciated. Manage risk properly and don't invest more than you can afford.
NASDAQ:BIDULong
by HumanBias
1
3rd Wave Approaching - 1D ChartCurrent Thoughts My last idea fell victim to the big dip. It gave a bunch an opportunity to re-grab doge at a great price for a nice little HODL for this next wave. We're really at the cusp of breaking out of this .40 resistance. I'd expect a small initial rise with a little pull back before the rocket fires for the 3rd wave. 3rd waves are typically 168.1% GREATER than wave 1. We don't have to see a 3rd wave though, it's not guaranteed. I am suspecting we may only get as high as .80cents. My 3rd wave (Labeled (C)), is just placed 'randomly'. It's hard to say what day/time and until it goes, I don't think using any fib tools would be worth trying to 'project' the future at this time. Analysis Pitchfork with fib retracement You can see the .618 is right around the .40cent mark. Passing this will most likely signal we're ready to move forward. However it could signal to a lot who bought way high and felt 'stuck' that, it's time to 'break even'. Expect a sell off up high that might prevent forward movement for a day or two. In the pitchfork, passing that .5 level will be great and we hop to stay above it in the rise. MaMA It is still red but in an uptrend. I suspect to see this go green as an indication when the wave is about to start to gain the nessessary momentum to get that 3rd wave gain! We need that momentum ladies and gentlemen, spread the word. Don't let your friends and family fall into FOMO. MACD-X Above 0! MACD Crossed Signal a few days ago. It's opened up as well, the histogram has gone from 0.0044 to 0.0080, nearly doubling it's width. Indicating it's buy time. RSI/Volume Indicator RSI and Volume Strength are showing that people are buying it up and the volume is there to support the continued buy without falling to far down from shorts. Stoch RSI Upward slope and crossed. Hope to see the slope here steepen. Remaining thoughts I've been HODLing since the last wave. I unfortunately let FOMO get the best of me with a couple of trades, corrected it with the dip. Don't let FOMO get you!! My plan is to watch around .70cents for the same indicators from last time when the first wave was ending. I'll sell, then buy again on the dip!. Wave 5 is typically the same percent as wave 1. However, modern analysis has shown that waves typically move in a 3 wave system instead of a 5. Just something to consider! If we see a large sell off and are unable to break .40cent resistance, never fear, doge will most likely break out. Lots of online shops who already accepted a number of cryptocurrency also started accepting DOGE. Newegg was one of the big names that stuck with me. This makes DOGE a great investment for us nerds wanting to buy more computer components without spending fiat. Lastly employ some caution. DOGE isn't your typical utility coin being a MEME as well. DOGE supply is unlimited, so I do not expect this kind of growth to be permanent. I suspect major blockchain changes since the team has gotten back together. Time will tell on all these speculations though! I'm still new and learning. If I've made any errors or wrong assumptions based on the wrong presumption of an indicator, I'd love to learn. Thank you for reading! **EDIT UPDATE** As I was writing this, the 1D candle went from green to red and looked like it reach that point for those who wanted 'out' to sell. :D Well within the channel though! (LOG view is off for pitchfork, but ON for the screenshot). Spread the word to HODL for now. :D
DLong
by Erialos