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KALPA-TARU can give 25% returns in short term!!The stock is currently in wave iii of III which is projected moving towards INR 895-910 zone. 'Wave I' unfolded in the stock from June-Oct 2023 and then the price witnessed a 50% retracement of the wave I in 'wave II' through the months of OCT-NOV. The stock is now going for the completion of the 'Wave III' target of INR 895 but the 'Wave III' is sub-diving into minor waves. We could see a 'wave i' of Wave III in late Nov and a subsequent 70% retracement of the same through Dec. Leaving aside the Elliot-wave counts and structure, the stock is also now attempting to go past a very strong supply/resistance zone of 695-710. The stock has made 3 attempts to clear above the zone in the past but not managed to do so but this time around the extra-ordinarily high volume could help. KPIL closed with a massive +7.85% gain along with nearly 30 fold increase in average daily volume.
NSE:KPILLong
by neeraj_2_sharma
TRADE_SETUP_DABUR 10% MOVE IS STARTING NOW!This FMCG stock is spotted completing a complex triple three(WXYXZ)correction to a prior leading diagonal wave 1 that it had developed between October-Dec.2023. The stock has made a 50% retracement of the 'wave 1' rise during the complex correction in the past three weeks. Now that the corrective wave is nearing its end(or already ended), the stock should be expected to make a ''U-turn" from current levels and should attempt to move towards the INR 580 mark in coming weeks/months. INR 520 can be used as an "SL" on the downside. At current levels, the stocks offers an attractive risk reward of 1:5 for a short term trade. Note*- Views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
NSE:DABURLong
by neeraj_2_sharma
SHORT TERM OPPORTUNITY IN CAPITAL TRUST_35% UPSIDEOn a day where almost every stock seemed to tumble, CAPTRUST managed to pull off a bullish stunt. The stock closed with a +15% gain along side 15 times surge in daily volume. The weekly chart of the stock shows us that the stock managed to pierce above an18 months old active supply zone. Since Jul 2022 the stock has been attempting to move beyond the INR 110 mark but failing to do so. For the past 4 months the stock had been trading in a tight range of INR 90-110 waiting for the right time to clear above 110 mark, which it did on Wednesday's session.(AND HOW!!) What should now be expected from the stock is that it will now head towards the INR150-160 zone to test the new supply as the old supply zone has been successfully conquered. CMP 113.15 SL 98 TARGET 155 RR 1:3
NSE:CAPTRUSTLong
by neeraj_2_sharma
ESCORTS is currently sitting at a major demand zone!The stock is currently spotted at an important upwards curving area of demand that has been active for the past 4months. The demand zone has been enough times tested in the past 4months and proved its strength over all test occasions. The stock has traded between the demand zone and the control price for the past 2 months and the entire 2 months range can be thought of as an accumulation phase. The times when a stock gives a breakout after a long accumulation phase , what follows usually is the pick up in volume and momentum. The stock can begin a strong rise from current levels towards the INR3500 region(10% from CMP). INR 3100 currently is a good support area for the stock. A short term trade using 3090 as SL and INR3300(control price) for a target, would not be a bad trade either. CMP - 3130 SL - 3090 Target 1 - 3300 Target 2 - 3500
NSE:ESCORTSLong
by neeraj_2_sharma
OIL INDIA looking to breakout from a supply zone!The stock has been in congestion zone from past 3 months. During this period INR300-305 acted as a demand zone while INR 325-330 zone has been a seller's favored zone. The stock is spotted today breaching a minor trend line resistance with good volumes. This could be an early sign of the intentions of the stock(or rather the buyers) to clear above the 325-330 zone for good this time around. Upon a decisive close above INR 330 mark the stock could very quicky attempt to move towards the INR 360 mark. On the downside 312 could be a good place to consider to place a SL order for a target of 360(RR 1:3). Note*- Please do your own analysis/research before making any trading decisions.
NSE:OILLong
by neeraj_2_sharma
TRADE SETUP_ bottom in place for SCI _ 30% upside potentialThis PSU stock has made a bottom on 25th Oct after completing a zig zag correction starting 11th Sep. This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential. The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun. CMP 135 SL 127 TARGET 170 NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.
NSE:SCILong
by neeraj_2_sharma
Wave 3 in JTEKTINDIA can kickstart a 60% rally in the stock!The stock had witnessed a five wave impulsive rise in March 2023 which went on till Aug 2023. The impulse drove the price of the stock up by 76% from March bottom. This phase was then followed by a three month long correction(zig-zag or ABC) leading to a 50% retracement of the gains made during the impulsive wave. Now that the corrective phase is over, the stock has slowly started making minor waves to the upside to unfold a major wave 3 that can be projected going towards the INR 210-220 zone(55-60% from CMP). The stock closed at a +4.26% gain on Tuesday's session alongside massive uptick in volumes - signs of fresh buying. CMP - 138 SL - 127 TARGET - 220
NSE:JTEKTINDIALong
by neeraj_2_sharma
Wave 3 in AARTIDRUGS can push price up by 80%!!The Stock witnessed a five-wave impulsive rise beginning in March 2023 and ending in July 2023. The impulse move led to a 105% rally in the stock in a matter of just 5 months. Since the completion of the wave 1 in July however, the stock went into the corrective wave 2 structure between July-October. The corrective phase can be marked as an Elliot wave Zig-zag(ABC) and led to a 50% retracement of the wave 1. This phase ended in October and between October-November the stock displayed a slow moving leading diagonal as the first sign of reversal from the bottom of INR 444.This tiny diagonal is the only starting piece of the massive leg that is yet to unfold in the stock, taking it towards the INR 900 mark. The diagonal and its correction can be labeled as wave i&ii of 3 respectively and now the stock has "jump-started" the wave iii of 3 on 18DEC with a +4.2% closing alongside uptick in volumes. Upon successfully surpassing INR500 level, the stock shall be at the INR550 in 'very quick move'. INR 900 is the projected target region for the Wave 3. On the downside INR 470 can be used as 'SL'. Note*- The views expressed are based on personal opinions and observations. Please do your own research before making any trading/investing decisions.
NSE:AARTIDRUGSLong
by neeraj_2_sharma
TRADE_SETUP_20% UPSIDE IN SKFINDIAThe stock was seen bouncing off an active support/resistance zone of INR4350-4450. This very zone has been an active zone for the stock since Aug.2022, with several attempts made by both buyers and sellers to breach it. The sellers in fact were able to breach this zone in March 2023 but looks like the buyers would not give up even then. After a tough battle of 1.5months the buyers not only brought the price back above the S/R zone but managed to ignite a 35% rally to the upside. The stock after finding a new supply zone at INR5250-5350 was back to the previously active zone of INR 4350-4450 and was seen reversing quite sharply from the past 3 trading sessions. Now one should keep an eye at 4700 as once the stock is able to close above this mark the rally could get even stronger and the buyers could target the IBR 5800-6000 zone this time around. CMP - 4675 SL - 4500 Target1 - 5350 Target 2 - 5800(RR 1:5)
NSE:SKFINDIALong
by neeraj_2_sharma
Beneteau stock buy investment opportunityAhoy, fellow investors! Are you ready to set sail on a journey towards financial success using supply and demand imbalances? Look no further because we have the perfect vessel for you – Beneteau stock. When looking to invest in a company, they say it is always important to compare and analyze its performance with other companies in the same industry. We don’t need to do any of that if we are using supply and demand imbalances. These imbalances allow investors to understand the market trends better and make informed decisions without having their minds clouded by fundamental stock analysis and stock performance in the past. Expecting a decent rally from the monthly imbalance at 11 euros per share.
EURONEXT:BENLong
by AlfonsoMoreno
Trade set-up_OFSS can give a breakout and rally 10% thereafter!The stock has been attempting to move beyond the INR4200 mark since September 2023 but its every attempt in past was met with some strong supply around the 4200-4250 zone preventing it from moving beyond. In this ongoing tussle between the buyers and sellers in the past three months the stock made at least 3 attempts to breakout above 4200 and the very same 3 attempts of the stocks are now clearly visible on the chart as an "Inverted Head &shoulders" pattern. The neckline of the pattern stands at the same old supply zone of 4200-4250. On decisive close above the 4200 mark and also upon breaking out from the inverted H&S pattern the stock can rally nearly 10% towards the INR 4600 region. CMP - 4166 SL - 4078(2.4%) TARGET - 4600(10%) RR - 1:4
NSE:OFSSLong
by neeraj_2_sharma
INDUSTOWERS should be approaching INR240 soon_TRADE_SETUPThe stock broke out of a 3 week trading range on Thursday's session with satisfactory volume expansion. Going by the Elliot wave structure, the stock is currently in wave III of(III) of 3(ignore the labeling if you don't follow Elliot wave theory).The current wave is projected to reach close to the INR 240 zone. INR195-200 has been a resistance for the stock for past 3 and half months. But with vol. picking up and range break-out just at the resistance the stock seems to be well-equipped for a strong breakout above INR 200 this time around. On the downside INR 185 will be proving to be a crucial support for the stock. CMP 193.8 Target 1- 213 Target 2- 240 SL - 185
NSE:INDUSTOWERLong
by neeraj_2_sharma
TDPS preparing for a zonal breakout and 15-20% rally!!The stock had given a successful breakout from a major resistance/supply zone of INR263-270 in Nov 2023 and subsequently formed a one month trading range right above the breakout zone. INR 285-290 is now the new resistance zone that the stock is now eyeing to breakout out from in order to go past the INR 300 mark. On Wednesday's trading session the stock broke out from a minor trend line resistance with a slight uptick in volume. This minor breakout can provide the necessary fuel for the stock to clear the INR285-290 zone with some momentum. CMP - 278 SL - 264(5%) TARGET - 320(15%) RR - 1:3 Note*- Not a suggestion to buy/sell but a personal opinion on the stock. Please do your own research before taking any investing/trading decisions.
NSE:TDPOWERSYSLong
by neeraj_2_sharma