neeraj_2_sharma

neeraj_2_sharma

World's largest manufacturer of construction equipment - Caterpillar(CAT), is all set to make a leap upwards of 30+% in the first half of 2024. The stock of this company has been constantly making new ATH's and displays neat waves everywhere. The move being discussed and anticipated shall be 1-2-i-ii-iii, Meaning the wave iii of 3.(you can imagine it as a...

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The stock of the film and entertainment giant - Warner Bros set out in an impulsive Wave 1 in Dec of last year and had a 80% rally till Feb 2023. That was the end of Wave 1 for the stock and then since then the stock has only seen darkness. But darkness only makes the dark knight stronger (:P). The stock has given up on almost all the gains it made during the...

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The airline company is seen trying to begin the wave iii of V of 3 in an attempt to go past previous ATH and then towards the 3K mark. It should also be noted that Indian airlines will operate a total of 23,732 flights every week during the winter schedule( approved by the Directorate General of Civil Aviation (DGCA). As per the new order, the said number of...

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Spotted a 5 wave move on CADUSD from NOV 1- NOV 6. The Pair is currently at 61.8% of the 5 wave rise. Looks like a decent trading set up. Note*- I do not trade in currency pairs. Please do your own research/analysis before taking up any positions.

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The crude oil's 4th wave dip seems to have found the right area from where it might look to reverse and then rise towards the 97-100$ mark in the pending wave 5. The rise from the MAY bottom may look like a corrective ABC to many but in this chart i considered taking the wave 1 rise in May as a leading diagonal(more clearly visible on hourly and 3-hour charts),...

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The stock was seen rising in march 2023 in wave 1 all the way till June 2023. The retracement to this wave came in next 1month through the month of July. Then from July till late September the stock was seen advancing up in wave 3.It spend the month of October subsequently in wave 4 corrective phase and now towards the year end, the stock is ready for wave 5 take...

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This specialty chemical stock is seen in a beautiful Elliot wave structure since the Jan 2023 and has outperformed not only its peers but also major Indian Indices. The stock recently had a steep and swift decline in October. This very declined was in fact the wave iv of wave 3 and now the stock has kicked off in the Wave v of Wave 3 structure. It would be wise...

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The stock has been making clean impulse moves from oct 2022 and seems to have completed the wave 4 structure. The 5th wave for the stock should be beginning shortly which can drive the stock up nearly 12-17%. With one of its peers(BPCL) already announcing a mega result (both Q-o-Q and Y-o-Y), something similar could be expected from this stock as well which could...

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The HANG SENG INDEX is the main indicator of the overall market performance in Hong Kong. The index has underperformed the rest of the world since March 2020 and was among the worst performing indices globally from 2020-2022. In October 2022 however the Index seems to have moved up in a 5 wave structure after having seen quite a freefall from Feb. 2021. This 5...

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The South African top 40 index is the latest global index to have been spotted trying to begin a major up move in the next leg of the bull phase. The Index was in a corrective structure all of 2023 until the very recent Nov low. This entire corrective structure according to the Elliot wave theory was what we simply call a "wave 2 correction". The first leg of...

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The largest and most prosperous cement company of India- Ultratech Cement is expected to have more upside of 30-40% from current levels as the weekly wave counts suggest. To put it in very simple words without using too much of Elliot wave jargon, the next leg up is unfolding now which can be projected going somewhere closer to 9200.(the current wave structure...

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The S&P 500 Materials index set out an impulse move(1) in October last year and completed the up move move by Jan 2023. The index thereon was in a corrective phase throughout most of the current year until recent oct. low. The correction according to Elliot wave model can be categorized as a "flat". The constantly rising dollar index can also be linked to the...

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In my previous post on DXY ,i mentioned how i expected it to move up a tiny bit in wave c of Z before starting to tumble. Well, from the fresh piece of evidence available it seems like that the expected tiny bounce failed which in Elliot wave terms means that wave Z has truncated. That also means that the first leg to the expected downfall towards 93-94$ mark is...

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The Nifty Metal index is all set to climb up towards 7200 in wave V of 3. At the current levels it provides an excellent entry with really impressive RR. 6400 is the support 6270 SL

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The Dollar index is in its last stages of the up move and should be expected to tumble as soon as it completes the wave c of Z in this counter trend bounce we are witnessing after an impulsive move to the downside(sept 2022) The index is expected to move towards 94-93$ mark after the new downside impulse begins.

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ADNOC Gas Processing is a natural gas producing company and the largest gas processing complex in Abu Dhabi. The share of ADNOC GAS went up in an impulse from march 2023 and completed the impulse wave up by august 2023 From Aug. 2023 to Oct 2023 the share corrected 61.8% of the entire rise in the form of an Elliot Wave zig zag(ABC). The Wave 3 for the stocks...

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TATA MOTORS fell in 5 waves from 16 oct and completed just the wave A of the ABC. The current bounce should just be a counter trend move and then wave C towards 609 could unfold.

neeraj_2_sharma Updated 

The stock set into an impulse in Jan 2023 and completed the first wave up by Feb 2023 and corrected thereafter till the first week of march. The wave 3 in the stock began in march 2023 and went on all the way till July and there after the stock was in complex wave 4 correction until last week. The stock is now coming out of the 4th wave correction and could...