ICICIBANKICICIBANK has formed an ending diagonal suggesting a reversal in price. We are likely to see a deep correction from these levels.
India
#WSTCSTPAPR / West Coast Paper Mills looks ready for 40% move#WSTCSTPAPR / West Coast Paper Mills Ltd
Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe.
Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels.
I'll be looking to buy this on Monday as soon as market opens.
CMP: ₹674.70/-
#JIOFIN has been forming a nice rounding bullish structure
Jio Fin Services Ltd has been forming a nice rounding structure indicating that it has more upside left once it breaks-out.
Once this breakout, it can give 25-30% returns.
RBL Bank Ltd has reclaimed important level on higher timeframe#RBLBANK
RBL Bank Ltd has reclaimed a very important level on higher timeframe.
We still have 4 days to close the week and then we can be sure about further analysis.
However, for now this looks very good.
$INDY: Update - Buy signal in monthly scale here...🚨🚨🚨
If you are not exposed to India, now is a good time to join.
📢
Train is leaving the station here, monthly suggests immediate upside in the order of 8-10% in the coming quarter, which will likely trigger a breakout away from the long term consolidation here, to trace my expected path long term...
This can be the beginning of a huge long term advance, quarterly chart is very close to triggering a trend signal, so the reward to risk in this idea could be astronomical.
Best of luck!
Cheers,
Ivan Labrie.
#LTTS looks amazing for a long#LTTS
L&T Technology Services as well looks amazing. Moving fast towards ATH and then sky is the limit.
Breaking a crucial level today.
#Wipro Ltd is breaking out of 567 days consolidation #WIPRO
Wipro Ltd is breaking out of 567 days consolidation and this looks amazing too.
Once weekly breakout is confirmed, this can move up nicely. Targets are dotted lines as plotted on charts.
#HPPSTMNDS - Happiest Minds Techno Ltd ready for take off!#HPPSTMNDS
IT sector resurgence has started I think and some of the IT companies are looking nice.
One such stock is Happiest Minds Techno Ltd which I think is close to a nice breakout!
Keep an eye, as confirmed breakout can lead to 25-50% move in coming weeks/ months.
Another cycle another dollar to be madeHi guys its been a while since I've posted last
the cycle is continuing again as predicted
volume slowly picking up
etf bitcoin news is very promising
there is a new bullish channel emerging on the shorter period of the next 6 months
with a min growth of up to 65k
and max growth of up to 140k
after the spike it'll drop back down and slowly fill back to 45k as support while maintaining
the long term bullish channel from 2017
ADANI Total Gas Ltd looks ultra bullish!ATGL looks ultra bullish and can be a multi-bagger in the long-run.
After a pro-longed downfall, stock has shown some strength in past few days based on technicals + fundamental indicators.
In the chart as well, from technical point of view, there are too many inefficiencies left behind while stock was taking a hit and price was falling. In my opinion, all those inefficiencies should be filled in long-run.
ending diagonal build on dovish fed gap up says many thing
survived
fed tapering
strong dollar
fed aggressive rate hike in history of globalization
only true competitor to usa supremacy
still all of this euphoria can't escape global recession
SWING IDEA - UPL
Stock price has taken a very good support at crucial level i.e 580.
formed a strong bullish dojo on daily timeframe.
Currently, price is trying to retrace and possibly form a 'W' pattern with a higher high.
590 is a very strong support on monthly timeframe.
formed a bullish engulfing candle on monthly timeframe.
TARGET : 657 // 696 // 760 // 848
SL : STRONG DAILY CLOSE BELOW 595
Muthoot : Riding high Target 2500Highest EPS Sept Quarter of 26.4 from Rs 24.2
Riding high the Credit Boom for NBFC's.
technicals:
1. 45% Trendline
2. 50/100/200 DMA support at current levels ( divine intervention)
3. Momentum INdicators Oversold.
Pennar Industries #PENIND - Looking good for more upsideGood buying opportunity at CMP: ₹120.55 in my opinion.
Retesting the range.
Expecting another 25-30% move in coming days.
XAUUSD - Gold is making 4th breakout attemptGOLD is making 4th breakout attempt. If it does breakout this time, then I expect another 20% move making it to reach $2500 levels.
Keep an eye!
PayTM: Mat KaroReducing EPS Losses peaked in March 23 at Rs -2.6
For the Quarter ended Sept 23, EPS losses nearly doubled at Rs -4.6
The Stock Prices over the past six months is averaging Rs 900.
Target Rs 600 by March 2024
IDFC Ltd - Value pick available at very attractive valuationIDFC Ltd - CMP-117.05, Target-200, SL-75
Infrastructure Financing, Market Cap 18,735+ Cr
Available at very attractive valuation
PE 4.52, PB 1.55, Dividend Yield 10.25
FIIs holdings 20.03%, DII 32.10%
Natural Gas in INR 1WNatural Gas will consolidate util mid January 2024 between 239 and 298.
In the second half of January 2024 the last part of consolidation will take place eventually followed by a breakout happening no later than March 2024.
The time of breakout (and its retest) will be dictated by how price action tackles the level of 274.
After breakout (and retest) price might run to the range of 396-466.
BUY zone: 239-274
SELL zone: 396-466
Ready to fly for 3600+Based on macd and SMA ready to cross 3600 soon. Simple moving average is ready to cross 3600 supportedby MACD also
NIFTY Excellent long-term buy opportunity.Nifty 50 Index (NIFTY) has been trading within a long-term Channel Up pattern since the June 17 2022 low and recently has found itself on a correctional 1.5 month wave under the 1D MA50 (blue trend-line) towards the 1D MA200 (orange trend-line).
Last week the 1D RSI breached the 30.00 oversold mark and immediately rebounded. It hasn't been that low since June 17 2022, which was the very start of the long-term Channel Up. As a result, those are indeed technically underpriced levels and this Channel Down correction on the RSI resembles the bearish leg of August - September 2022, which stopped before the 0.5 Fibonacci retracement level and resumed the Channel Up uptrend.
As a result, if the 1D MACD forms a Bullish Cross (as October 17 2022), it will confirm the oversold bullish reversal signal of the RSI. As long as the 0.5 Fibonacci level (18530) holds, we are bullish on the index, targeting the -0.236 Fib ext at 21000 (which is where the December 01 2022 Higher High was priced). It has to be mentioned that the symmetry of the Channel Up rallies is indeed quite strong.
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NIFTY Market CAP trend forecast until JULY 2024 Current bear market will continue until the end of February 2024.
During 2023 possible growth of NIFTY will occur starting mid of November until December in the range between 9327-9650. In December NIFTY will start falling from the area of 9650 down to 8800 (possible extreme bottom of 8653) in the beginning of January 2024. January-February 2024 is the perfect time to buy NIFTY Stocks.
End of February 2024 will mark major bullrun in NIFTY until the end of July 2024 in the range of 9327-10609.
Possible sideways-upside movement might occur between May and July 2024.
TATA Consumer ProductTATACONSUM - The idea is based on the Elliott Wave Theory. A five wave pattern has clearly completed on the stock with an ending diagonal in wave 5th.
This suggests that a correction will take place to 50% to 61.8% fibonacci level. So a correction towards 800 is likely in the coming weeks. As markets are also weakening due to global concerns, this is where technical and fundamental analysis are forming a balance.
USDINR price forecast until April 2024 USD will correct towards the range of 82.1-82.5 until the end of November 2023.
In the last week of November look for reversal patterns and rise towards 83.13 with possible top at 83.54 in January 2024.
This will be followed by a healthy correction and successful retest of 83 at the end of February 2024.
A breakout of 83.54 is expected to happen in the first half of April 2024.
