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IDBI can give a good run from here.The stock was seen rising in an impulsive 'wave I' structure between March-Sep 2023. Wave II happened between Sep-Nov and wave II managed to retrace 38.2% of wave I. The stock since completing the wave II correction in Nov has displayed two impulsive waves making the labelling as I-II-i-ii-i-ii and hence creating room for many legs to unfold going down the months in 2024. The bigger Wave III target is projected to be around INR 100 mark providing an upside potential of around 50% from CMP. On the downside, INR 64 can be used as a 'SL'.
NSE:IDBILong
by neeraj_2_sharma
7
Good Setup spotted in Burger King India!"Restaurant Brands Asia Limited" earlier known as "Burger King India" is currently showing a good setup and an upside potential of 45% from CMP. The stock had rallied nearly 60% between March-Sep 2023. This very rise was impulsive in nature and therefore labeled as wave 1 on the chart. Between Sep-Dec the stock went through a triple three correction(WXYXZ) and retraced nearly 50% of the impulse. This retracement was in fact was the wave 2. The stock currently is in Wave 3 structure and could rally towards INR 190 mark. On the downside the swing low of 118.1 becomes a crucial structural support for the stock and could be used as a "SL".
NSE:RBALong
by neeraj_2_sharma
Vardhman Acrylics Ltd :-: analysis ⏰ VARDHACRLC📌 DYOR ( do your own research 🔎 ) 📍 NFA Above yellow 🟡 close 📌 beginning of upward ⬆️ momentum It's small cap stock with high :-: promoters / with good dividend 📌 ₹92 is key resistance 📌 we see some pressure :-: above it ☑️ never visit box below yellow 🟡 🎯 ₹111 🎯 ₹144 🎯 ₹300 Below green 💚 box 📍 danger ⚡ Just save my idea 💡 follow and give boosting 🚀 and pls share 🤝 Follow upcoming updates ..... 🧵 👇
NSE:VARDHACRLCLong
by raj5_7_5
Swing Trade : TRUCAP FINANCEBased on the observation I've shared, Let's break down the chart says : Trend Line: I noticed that there is a one-year-long trend line that was pierced on the 28th of June. This indicates that the price broke above the trend line, which can be interpreted as a bullish signal. Higher Highs: I observed that the price has been forming higher highs from the previous swing low. This pattern of higher highs signifies a short-term bullish trend, indicating that buyers are currently in control. Volumes: The volumes traded in the market seem to confirm the presence of strong participants. Higher volumes usually indicate increased activity and interest from traders and investors, further supporting the bullish case. Rejection on Daily Horizontal Level (RD): It seems that the price encountered rejection at a daily horizontal level, suggesting the presence of resistance at that level. This rejection implies that there are sellers who are pushing the price down. Considering these observations, it appears that there are both bullish and bearish factors influencing the market. Aggressive buyers may consider entering on a price dip if they believe the bullish trend will continue. Alternatively, some market participants may choose to wait for the price to breach the current high level for confirmation before entering. Please remember that the information provided is solely for educational purposes and should not be construed as financial advice. It is always prudent to consult with a professional or financial advisor before making any financial decisions. For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer #NiVYAMi
NSE:TRULong
by kzatakia
Seshasayee Paper Board - Short Term Idea, 25-30% ROI.The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal. Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles. One can enter at current market price and hold for target of 530 in the short term. For swing immediate 10% upside is seen, target at 415-420.
NSE:SESHAPAPERLong
by Rugminik
SWING IDEA - SAINTGOBAINALL TIME HIGH !! The stock price breached 'all the high' mark. The momentum seems to be strong. We can see a potential up move in SAINT GOBAIN . Reasons are stated below : Daily candle closed above all the high. Price broke out after a consolidation phase of 4months. Formed a marabozu candle on weekly timeframe. Price is above 50 and 200EMA. Higher-Highs are being made i.e stock is in uptrend. Target - 152 // 180 (these are derived from Fibonacci extension tool) StopLoss - weekly close below 119
BSE:SAINTGOBAINLong
by Visionary_Growth_Insights