MRF - Elliott Wave ViewMRF - Daily Chart based on the Elliott Wave Theory.
As long as the triangle stands valid, the price should correct more downwards. Correction could make further extensions if the next resistance level is broken.
Indianstocks
TATA Consumer ProductsThe idea is based on the Elliott Wave Theory. The price is still correcting and will extend to 100% of wave X to 595. Below that level, further extension could be towards 450-470.
KOTAK MAHINDRA BANKThe stock is currently making a corrective structure and is likely to extend further to at least 61.8 fib. level. 1500 may be a good level to watch; below that we could also see 1420.
This is based on the Elliott Wave Theory.
RELIANCE - Elliott Wave ViewRELIANCE.
Correction cycle towards 1900 level. Below 1850, could extend towards 1650 level. The stock is forming a WXY corrective pattern.
The analysis is based on the Elliott Wave Theory.
PNB bank bank stock can give you good profit if you hold short time
long trader can enter and wait for 1 to 2 month
intraday can wait for 3rd touch or one more dip
Nifty short term target - 17148, 16800, 16650 Nifty chart has recently broken upward parallel channel (white) and taken support at 200 day EMA.. It has also formed a bear flag. Chart patterns suggest we're looking for a downward momentum short term.
My short term targets are 17148 (Fib measured move), 16800 to 16650 (multi month support zone).
If the 16500 levels get broke NIFTY will test 16049 (gap fill) and 15431 (previous month lows).
Let me know your thoughts in comments.
Quick Intraday Trade in RCF Hourly flag pattern breaks out with volume support. A good quality stock that is likely to see a swing in demand post-budget due tomorrow.
Entry - 122-123
Target - 128/132
Sl - Below 118
Adani Ports: BUY @ 62015 year Chart
In a UP trend Channel.
Great Assets, So Fundamentally and Technically a great company.
Inspite of whats going on, come back and re visit this post after amonth !!!
DAAWAT STRONG MONTHLY BREAKOUTThere is clear breakout in monthly time frame with volume. After that the stock has gone through a good consolidation for three months. Now it's time for another rally if the company posts good results this quarter. One can buy Daawat@CMP with short term targets of 133(19.50%) and 150(36.3%) and a long term target of 194.50(74%). Please let me know in the comment section about your thoughts and do follow and support this feed for more ideas. As a disclaimer before taking any positions consult your financial advisor.
PVR BREAKOUTPVR breakout good potential upside due to upcoming good movies like pathan etc and good collection in upcoming quater
Reliance long-term long viewthis is the updated view of my last post
long zone - 2210:2080
SL: 1850
as looking like its doing 1-2-3-4-5, let me know if anyone wants more info or has any doubts in idea, will be happy to answer all query :)
Make or break for Smallcap shares...My view is bearish as samllcap index is forming a rounding top pattern. Unless it negates the pattern, BUY ONLY selected strength stocks in momentum.
Midcaps looks stronger than smallcap.Look for opportunities in Midcap.
RSI Divergence played In midcap and is now sideways.
In Sideways market you can plan both Long and Short trades.
Bank Nifty: 41,600 the crucial Wall41600 has acted like quite like a Great Divide.
The stock had a major slump today. Given the technical indicators, it seem slike the downtrend would continue.
MARUTI - NSECompany website - www.marutisuzuki.com
49 % market share in Indian automotive market ( passenger ), slowly venturing into commercial also.
1800cr invested for future EV ready battery projects.
Roll out of EV charging infra by 2023 leading to mass acceptance.
Currently only 3 electric models in India across brands, charging times are high, avg range is less than 300km, not enough chargers on road, so still needs refining.
We have ICE engines for last 80 years, and still perfecting them , so EV have time, by 2025 expect disruption.
No debt, huge land bank, best service centre presence pan India.
When it comes to cars, a Maruti Suzuki never lets down ( Japanese tech )
Covid and semiconductor shortage hit auto markets worldwide, the share was muted. As economy reopens, things get back on track, share prices appreciates.
A must have in portfolio. BUY
Trend Continuation Setup in Adani Total Gas Limited.I shared the current demand zone of the current bullish trend, if the script has to road a new ATH it will have to take support at the mentioned zone.
Best Buy @ Rs. 3050/-
Sl: 2965.65
Good Luck!!
NIFTY Weekly Volatility Analysis 9-13 Jan 2023 NIFTY Weekly Volatility Analysis 9-13 Jan 2023
We can see that currently the implied volatility for this week is 2.08%
With this in mind, currently from ATR point of view we are located in the 53th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
*For calculations, I am using the data since 2022*
Bullish: 1.83% movement
Bearish: 1.55% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 24.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18325
BOT: 17584
Taking into consideration the previous weekly high/low, currently for this candle there is :
31.43% probability we are going to touch previous weekly high
66.58% probability we are going to touch previous weekly low
Lastly, from the technical analysis point of view, currently from
Daily timeframe indicates -26.67% BEARISH trend from the moving averages index
Weekly timeframe indicates 66.67% BULLISH trend from the moving averages index
Monthly timeframe indicates 80% BULLISH trend from the moving averages index
Nifty burst!Nifty could fall, be careful @ 17802 cuz it's liquidity support zone very few chances to hold it, looking long @ 17440 price could come there between 22-26 jan most probably 23jan..also consider to watch news cuz only the thing can change nifty move is positive news
Cup and Handle Pattern in GNA AxlesCup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side.
. Increasing volume with an increase in price.
. Breakout of consolidation on the daily timeframe of 700-710 levels.
. Increasing Relative strength against Nifty 50.
. 680-700 levels acting as a good demand zone.
Entry near 720-730 levels with 50% quantity and rest quantity near 760-770 levels .
Initial Stoploss near 690 levels and then keep trailing your stoploss according to the price action.
possible Targets: 800 level and then all-time high levels.
(((30% to 45% upside possible with stoploss of about 5%)))
Waiting for the liquidity runExpecting price to take out the liquidity above the white lines and then continue falling, possibly from the marked breaker.
Nifty 50uptrends Nifty 50 wit for breakot leval 18400 then buy nifty50 17900 stop loss and our target is 19100
INDIAN POWER SECTOR FUTURE IS HERENSE:IEX
Every thing is mentioned in the chart start buying it from current levels upto rs60 and trust me this will be best investment for life.
