HDFC 1706 Trend directionHDFC 1706 has hidden divergence. With support 1670 we expect a target of 1745
Asian Paints Weekly Elliott Wave Analysis – March 17, 2025The price action of Asian Paints (NSE: ASIANPAINT) has been following a clear Elliott Wave structure.
The stock completed a primary wave (3) at the peak, with a truncated 5th wave, indicating weakness in the final leg of the impulse.
It is currently undergoing a wave (4) correction, following a W-X-Y pattern, with the price moving lower towards the 1.618 Fibonacci extension target at ₹1,931.
The invalidity level is set at ₹1,297, below which the larger wave structure would need reconsideration.
Indicators like RSI and MACD are reflecting oversold conditions, suggesting a potential bounce or consolidation before further downside.
A confirmation of wave (4) completion would signal the start of wave (5) towards new highs.
📉 Key Levels to Watch:
Support: ₹1,931 (1.618 Fib Extension)
Resistance: ₹2,492 (Wave Y previous support)
Invalidation Level: ₹1,297
This wave count suggests that Asian Paints is nearing the end of its correction phase. A reversal from the target zone could set the stage for the next bullish impulse.
📢 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational and study purposes only. Any profits or losses from trading based on this analysis are entirely your own responsibility. Do your own research before making any trading decisions.
SRF: Breakout of Symmetrical TriangleA symmetrical triangle is a chart pattern in technical analysis that forms when the price consolidates with lower highs and higher lows, creating a converging triangle shape. This pattern indicates a period of consolidation before the price breaks out in either direction.
SRF stock has already given a bullish breakout. One should go long on the stock with Stop loss below 2550 for the measured target of 3475-80 zone.
SHRIRAM FINANCESince the low in January 2024, the stock has been rising impulsively and is currently trading within wave 3. This indicates that any pullback should remain above the 590 zone, with prices expected to continue trending toward 730 in the coming weeks to complete the wave-4 and wave-5.
OFSS Stock Analysis – Is a Reversal on the Horizon?🔍 **Current Price:** ₹7,328
📊 **Trend:** Downtrend with signs of potential support.
📌 **Key Technical Levels:**
✅ **Support Zone:** ₹7,200 – ₹7,188 (Holding strong)
✅ **Resistance Levels:** ₹8,569 (Fibonacci 23.6%), ₹9,394 (38.2%), ₹10,061 (50%)
✅ **Golden Zone:** ₹10,728 – ₹11,678 (61.8% - 78.6% Fib retracement)
📉 **Technical Indicators:**
✔ **Fibonacci Retracement Analysis** suggests a **pullback rally is possible** if the stock sustains above support.
✔ **200-Day Moving Average** is acting as resistance; breakout needed for trend reversal.
✔ **Risk-Reward Setup** indicates a bounce towards ₹10,000+ if momentum builds.
⚡ **Trade Plan:**
🎯 **Bullish Case:** Reversal confirmation above ₹7,400 could lead to ₹8,500-₹9,000 short term.
⚠ **Bearish Case:** Breakdown below ₹7,188 may push towards ₹6,558.
📢 **Traders Alert:** Keep an eye on volume and price action in the coming sessions! 🔥
Polycab India Ltd- Potential TargetsNSE:POLYCAB
Polycab India Ltd.,is retraced to 41% from its recent higher highs of 7794.95 and innear its buy zone. Script is below its all moving averages 10...200 days EMA.
Elliot wave analysis also supports to the idea of potentail buying interest as 8 wave cycle is completed at 4636.45
On daily chart Bullish Shark pattern is visible . Current market price is, at its Potential Price Reversal Zone (PRZ), and price trend reversal can unfold in coming days. It can be rewarding bet for aggressive traders with risk to profit of 1:3.
Entry at: 4918
Stoploss: 4236
Target-1: 5827
Target-2: 7605
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Axis Bank Short Position Axis bank has formed a Death Crossover on chart i.e 50 and 200 Ema Forming a Crossover leading to Downtrend of the prices . The price after making a lower high taking resistance from 50 EMA and now it is moving towards prev. low swing again and seems like it has weakness and could break trendline . Also there is a news Catalyst which is of Indusind Bank which will also help price to move towards low areas .
Federal Bank 176 Trend directionFederal Bank 176.60. has given bullish divergence. A close above 180 would take to target 193-195
Vedanta Share Support Level?Vedanta Ltd is approaching a crucial support level that traders and investors should closely watch. Based on recent price action and technical analysis, this level could act as a strong buying zone. A bounce from this support may signal a potential upside move in the coming sessions.
📉 Support Level:
💡 Watch for bullish price action or reversal patterns near this zone for potential entry opportunities.
Stay tuned for updates and trade with proper risk management.
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Hitachi Energy India Ltd. (PowerIndia) AnalysisCMP 12033.50 | SL 11040 |TP 13580
Potential upside 12.58%
R/R 1.56
Disclaimer: DYOR
fantastic chart and fundamentalFantastic fundamentals, sales, and profit VAR%.
Have a strong bullish veiw on this chart.
KPITECH past and short term trendKPITech is a chip designing company for EVs and electronics, They are more active in Europe than the US, so they might have a huge advantage in safeguarding them from Trump Tariffs. The short-term GTT I think would be 1150 for me as there is a big support of around 6 months at this point.
Infy Analysis Past and short termInfy has been a good stock for beginners or well-versed investors. They have consistently grown their earnings and have rarely caused turmoil. With Tariff concerns of US and FII selling, I think the max drop that would happen is around 1420 by the end of March. I would be setting up GTTs around 1500 and 1420. Let's see what news we get from Mr. Trump by April 2nd.
Accumulate for Long TermNestle is trading at a little discount as compared to it's historic valuation for last 6-7 years. This is a growing stock, so it will be good to buy some shares now. Some details of it's strategies and products portfolio below - Happy Trading :)
Over the past six to seven years, Nestlé India has demonstrated consistent revenue growth, driven by a combination of strategic initiatives and a strong product portfolio. Key factors contributing to this sustained growth include:
1. Innovation and Product Diversification: Nestlé India has prioritized innovation, launching over 140 new products in the past eight years. These introductions span various categories, including science-led nutrition solutions, millet-based products, and plant-based protein options, catering to diverse consumer needs.
BUSINESS-STANDARD.COM
2. Strengthening Core Brands: The company has focused on reinforcing its flagship brands:
Maggi: Achieved the status of the largest market globally for Maggi, driven by balanced product mix, pricing strategies, and volume growth.
THE HINDU BUSINESS LINE
KitKat: India became the second-largest market for KitKat worldwide, reflecting robust performance in the confectionery segment.
THE HINDU BUSINESS LINE
Nescafé: The beverage segment, particularly Nescafé, has seen significant growth, introducing coffee to over 30 million households in the last seven years.
THE HINDU BUSINESS LINE
3. Expansion into New Categories: Nestlé India is exploring opportunities in emerging sectors such as healthy aging products, plant-based nutrition, healthy snacking, and toddler nutrition. These initiatives aim to tap into evolving consumer preferences and health-conscious trends.
CFO.ECONOMICTIMES.INDIATIMES.COM
4. Focus on Premiumization: The company is enhancing its premium product offerings, including the introduction of Nespresso and health science products. This strategic move aims to have premium products contribute to 20% of sales in the long term, up from the current 12-13%.
GOODRETURNS.IN
5. Strategic Partnerships: A notable collaboration with Dr. Reddy's Laboratories to form a joint venture in the nutraceuticals space underscores Nestlé India's commitment to expanding its health science portfolio and leveraging synergies for growth.
THE HINDU BUSINESS LINE
Collectively, these strategies have enabled Nestlé India to maintain a consistent upward trajectory in revenue, effectively adapting to market dynamics and consumer demands.
Long for Long Term - Discount price in terms of Revenue/shareAs seen in the Revenue Grid indicator, stock is currently trading at 2 to 2.5 times it's Revenue per share, which is a very low valuation historically. It crossed below this valuation, only at covid pandemic crash. Given the consistent Revenue increase, this is a fair value to buy for a long term view.
