neeraj_2_sharma

neeraj_2_sharma Updated 

A picture says a thousand words. Well, I have have tried to depict everything i need to say about this stock onto the chart. To summarize it, we are currently near 61.8% retracement of the impulsive wave we saw in the stock between Mar.2022 till May 2023.A new impulse wave from here (wave 3) is expected to begin that should take the stock towards the 600 mark in...

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BF utilities is a Kalyani Group owned company that engages in infrastructure and power generation through wind mill technology. The chart shows the stock giving a successful breakout from: i. Inverse head and shoulder pattern. ii. Horizontal resistance zone(635-655) The stock closed above both these significant resistances with a spike up in volume and a Bullish...

neeraj_2_sharma

The stock had its last impulse move in may 2023 which was a quick 40% move in a month's span. From July end till mid Nov. the stock underwent a zig zag(Elliot wave) correction and corrected 50% of the impulse. Now this week the stock is setting out very strongly in the 'wave iii' mode. The recent volume on this stock is unmatchable to any of its recent months...

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The stock is a good contender for a short term trade because it appears to be setting itself for breaking out of a month's range. A simple yet effective setup. A entry is made when the stock closes above the range's upper boundary with good volumes. It is to be noted that the stock also has given a successful wedge breakout on Nov.16. Note*- Please do your own...

neeraj_2_sharma Updated 

The outperformance of this stock is likely to continue. The stock is gearing up for a ascending triangle breakout. The volume is shrinking (which is ideal during the pattern forming period and should pick up upon breakout) as the price is spending more time inside of this triangle. The stock is getting constant support from the rising trend line and 320 is the...

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This trade is pretty simple. Nothing much to say beside keep an eye on volumes as volume expansion can add to the view and provide more confidence while entering. Another important point is that the stock belongs to the second best performing sector(PSU BANKS) of 2023. CMP 44.7 SL 42 TARGET 52(15%)

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As the chart already depicts, Marico is now expected to have started the wave iii of 3 with the breakout from the falling wedge pattern. One thing some way wonder is, what is with all those projections? Well, to reach from CMP(530) till 660, it will take several moves for price to do it, as it does not shoot up at once...these several moves will form the various...

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The Japanese index has been in a complex 4th wave since June 2023 which has now come to end and the index should soon move towards new ATH in the pending 5th wave. The 34K mark could be the new high that the index would be eyeing soon. Note*- This post is for educational purpose only.

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The South Korean multinational automotive manufacturer, Hyundai Motors was ranked world's third-largest carmaker in 2022 in terms of production. Hyundai motor group(which includes Genesis and Kia brands) has grown massively during the last decade surpassing giants like General motors, Nissan, Ford and Stellantis (in terms of annual sales volumes). At this point...

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The world's third largest oil and gas company by market cap.- CHEVRON is ending a year long triple three correction. The stock shows a good setup with high chances of moving from current levels of 144 towards the 170 mark(15% upside). The stock is also standing at a crucial channel support that it has respected and reacted to on two different occasions in the...

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One of the Uk's 'big four' banks, Barclays bank is looking to make a comeback after being in a corrective phase(or downtrend) for more than a year and a half. The stock made an impulsive up move from the march 2020 bottom and the same went on till Jan 2022.Since then however the stock entered the 'wave 2' correction and has remained in it for more a year and a...

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Abbott India Ltd. is seen coming out of a fourth wave triangle and is expected to have completed wave i of V. The stock had remained in a 3month long correction during the fourth wave between Aug and Nov. The stock is currently close to the support area of 23000 and is expected to settle and reverse from around here. The final projected target for fifth wave...

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To begin with, if you did see my earlier post on Crude, I would want to admit to have counted the waves wrongly. What i expected to be a third wave top was in fact a wave v top and the pullback i was considering to be wave iv pullback turned out to be a much deeper wave II pullback. If you follow Elliot waves you would have gotten an idea what i am talking about,...

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The latest impulse in this American agricultural machinery and heavy equipment manufacturer was spotted beginning in May 2023 and got over in July 2023.This impulse is marked wave i on chart. Between late July and late Oct. the stock made a very deep 78.6% retracement of the advance (wave i). The corrective counts now seems to be have come to an end in this stock...

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Once again i have tried my best to make the chart self explanatory so that i do not write boring paragraphs about it which i am sure no one wants to read(:P). The stock is making a fresh move and can reach 1700 mark going into 2024-2025. For a short term trade too, the stock wouldn't be a bad bet since it offers favorable risk reward from current levels. Note*-...

neeraj_2_sharma Updated 

Bajaj Finance Ltd. completed a 5 wave up move in Oct. 2023( beginning in March 2023). From the very top of the 5 wave advance the stock seems to have fallen down in a 5 wave. This 5 wave to the downside should be considered as just the wave "A" of the correction that has begun in the stock. Wave B in the stock should now unfold in the stock to the upside(with...

neeraj_2_sharma Updated 

The Stock is looking like coming out from wave 4 correction and is in the right demand zone, ready for its next move up towards 225 zone(25% from CMP). It should also be noted that the Bank had announced its results on 4th of November and posted solid Stand Alone Net Profit of Rs.42.53B vs Rs.33.13B(YOY). 190 is the crucial support for the stock and 185 can be...

neeraj_2_sharma Updated 

The stock is completing a triple three correction, that has been ongoing since Sep., with today's fall. The 95-97 zone is the 50-61.8% retracement of the entire fall. CMP 88 SL 84.9 TARGET 95-97