Jindal steel looks like set for major breakout of 15+ years of 796. As per wave count too it look set for a major wave. Buy in the zone of 750-770 & add more above 800 for good targets of minimum 900 & much more in the coming months. Stop loss should be anything below 750
Buy=30.75 Target=35(Adjustable) Stop=26.70 "Before considering a purchase, it's advisable to conduct your own analysis. However, with approximately an 80% chance indicating a favorable buying opportunity for this stock based on current market trends and analysis, conducting thorough research could validate its potential for growth and profitability."
Good buying opportunity at CMP: ₹120.55 in my opinion. Retesting the range. Expecting another 25-30% move in coming days.
The Indian market is showing signs of a strong recovery after a period of volatility and uncertainty. This is just my analysis its not any type of call
MOAB, Mother of All bubble is the analogy lots of social media posts. Some even calling for that to unfold in the month of October itself. Talk of not 100 but 150 dollars doing the rounds. Bonds Down (yields up), Credit Ratings coming down, Crude prices hit, liquidity is squeezing, USD up, Equities wilt, Signs are omnivorous. US economy continues to print more...
Indian bank has broken its previous resistance and is at 52 week high and has momentum with volume can give potential 10% returns
BANKNIFTY is showing 5 waves down from the top. Considering this as an impulse move, the current upward structure can only be corrective. This may retrace 50-61.8% fibonacci level where it could reverse with a sharp decline. Currently, an invalidation level can only be considered at the 46,300 top, i.e start of wave 1. This idea is based on the Elliott Wave...
We love sentimental trade ideas. There is nothing better trade than those stemming purely from sentiments. We shared timely long USDINR pair and we have attached the link below. The positive sentiments from Moon landing drove INR higher yet on macro level, this changes NOTHING . Congratulations to India and all Indians! -Signalwyse Team
National Aluminum (stock symbol: NATIONALUM) experienced a significant decline from its peak at 127, dropping down to 67. However, it found support at this level and formed a double bottom pattern, with the second low also at 67. Subsequently, the stock began a slight upward movement but has remained within a channel pattern since August 2022 until today, 29th...
Price has confirmed an Uptrend after violating a Monthly Supply and now is reacting to a Quarterly Demand which should take around a years time to achieve the benchmark of 4:1, the exit is tricky and if not exited @ given target profits may decline rapidly. This trade will help u increase your savings, as its gonna take a years time due to Price coming from a...
WOCKPHARMA has completed a long term correction cycle and now could be a good buy with targets above 2,000 in the long term. The invalidation for this analysis remains at 135.20 (marked level).
IOC - Elliott Wave View. The stock is currently correcting and will likely go higher in wave 3.
The stock is likely to keep growing in the next few months as it is breaking out of a large range of consolidation.
Prices closed above trend line, so expect a new high
HDFCBANK - Elliott Wave Theory. The price seemed to have made a corrective pattern which suggests another bearish wave. Invalid level remains at the previous high.
The idea is based on the Elliott Wave Theory. The current upward momentum is very low and the price is moving in a corrective structure. A downward move is likely from the current resistance zone (or a possible likely scenario with 61.8 fib correction). A move over 18480 invalidates this idea.
BPCL - Elliott Wave View. Pattern suggests a triangle formation, which means a bullish scenario is likely from this level. A move below 300 would be an invalidation to this idea.