#NATIONALUM is breaking out after 16 years#NATIONALUM
Stock had it’s first weekly close above the resistance zone; also poised to close 1st month candle above this resistance zone.
Stock is breaking out after 16 years - Definitely bullish imo!
Indianstocks
MADHAVtook support from major level TGT will be 86,119
and this is only for educational purpose only
BHELBHEL breakout major resistance level and 13years level breakout TGT will be 344 This is only for educational purpose only
PARAMOUNT COMMUNICATIONS - FII'S HOLDINGS INCREASEDCan enter at CMP 110 or Enter at 98 level
if again falls then you need to average at 76 level
Targets - 135, 157+
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GG ENGINEERING LTD - BEST GROWING PENNY STOCKCan Enter at CMP 2.58 or Wait for 3.15 level
Targets - 5,6.84,8.20+
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ADITYA BIRLA CAPITAL - NEAR TO ENTRY PRICECan Enter at 160
if again falls then you need to average at 140 level
Target - 200+
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ASIAN PAINTS GOOD TIME TO ENTERCan Enter at 2910
Targets - 3600,4000+
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ASHOK LEYLAND | SHORT TERM INVESTMENT Entry Level - 160₹
SL - 130₹
Targets - 190,210,230+
Wait For Entry level
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Berger paints to continue on the red streak!The stock seems to have fallen in an bearish impulsive wave between Sep-Oct 2023.
After this very fall the stock was in a complex triple three correction for almost 3 months.
The impulsive fall has been labeled as wave "A" and the stock has already begun the Wave "B" fall in the month of Jan.2024.
Wave "B" is projected going towards the INR 480 area.
580 will stand as a crucial resistance for the stock on the upside.
💎( NSE:Wipro) - Chart of the week > Decent volume
> Multi-year breakout
> IT flavour of the market
> Decent price action
>>> About the company<<<
> Wipro is one of the leading global IT, consulting and business process services company.
> It is the fourth largest Indian player in the global IT services industry, in terms of revenue, after Tata Consultancy Services (TCS), Infosys Limited (Infosys) and HCL Technologies Limited (HCL).
> Wipro was incorporated in 1945 as Western India Vegetables Product Limited and was predominantly a consumer care product manufacturer till 1980 after which it diversified into the IT services business.
> With effect from April 1, 2012 (FY2013), the company demerged its other divisions (consumer care and lighting, medical equipment and infrastructure
4engineering) into a separate company called Wipro Enterprises Limited (WEL), to enhance its focus and allow both businesses to pursue their individual growth strategies.
>Wipro’s operations can be broadly classified into IT Services, IT Products and India State Run Enterprise. Wipro derives most of its revenue from the IT Services segment (96.8% in FY2020) under which it provides IT and IT enabled services, which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud infrastructure services, analytics services, business process services, research and development and hardware and software design, to leading enterprises worldwide
JKLAKSHMI can rise 25-30% from current levelsThis cement stock can be expected to move towards INR 1190 levels in wave iii of III.
The stock has been maintaining its impulsive counts without much violations and is in very bullish structure.
The stock was seen rising in a wave i of I from Sep-Dec 2023.
Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a sign of strength.
The stock gained 5% on Thursday's session along with a 2month range breakout of price as well as a volume breakout. These signs add to the healthy uptrend continuing for the coming months as well in this stock making it a great pick in the cement space.
On the down 880 will be a crucial support to rely upon.
ADANI PORTS LONG TERM VIEWAdani Ports is forming a Symmetrical Triangle on Daily Time Frame
Entry is above 761.30
Stop Loss is at 657.05
Target is 1215
(Please note that entry & stop loss is on candle closing basis)
This View is purely based on Technical Analysis and is for educational purposes only.
Welcorp LtdLate Post from origin of move (deeply apology to my dearest), but still as a convectional setup we can plan buy once stock start moving upside.
Indus Tower ready to breakoutAfter a long period of consolidation, on the back of good earnings releases, Indus Towers is ready to break out. DMI also indicates bullish strength with increased volume activity
Entry - 232
Stop Loss - 203
Target - 310
ADVANI HOTELSThis stock breakout round pattern and good volume breakout so stock create good swing opportunity SL bellow 123 and TGT 161
NSE: SOUTHBANK - Volume profile suggest strong players entering NSE:SOUTHBANK
South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 871 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India. The bank has also set up more than 1,500 ATMs and 91 Cash Deposit Machines NSE:SOUTHBANK
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'.
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".
Westlife Development looking very bullish.Westlife Development looking very bullish for about next month. Someone can easily expect target of a round number ₹1000 only once it gave us breakout of an important trendline. With a Risk Reward of around 1:3.9.
#HUDCO made a new ATH after more than 6 years Stock made a new ATH after more than 6 years and today Stock is up >19%.
Such stocks tend to go much higher.
Anyone looking for a long-term investment, then this can be a good stock to add to long-term portfolio.
If market gives a chance, can add to stock also at ₹100-₹110 levels.
Also, this stock has been consistently giving dividends as well.
IREDAThis stock breakout previous high breakout and create good opportunity for swing trade but candle closed strongly in D TF i am considered as good breakout
and this is only for educational purpose only
Tata Comm to move like OFSS?Tata Communications has posted fast revenue growth in the latest earnings release. OFSS moved up 28% in a single day after stellar results.
Tata Communications has consolidated in this range for a while and looks good to move up from here if it crosses today's high price. DMI also looks bullish
Entry - Above 1800
Stop Loss - 1680
Target - 1960
#Banknifty Higher timeframe Major update#Banknifty
Higher timeframe Update
There are 2 zones that I am eyeing for potential botton.
1) 45800-46300: This is a breakout zone and Banknifty has already tapped it. We can see some consolidation in this zone before any major move either side.
2) 44950-45490: Big gap pending zone. Market rarely leaves such gaps/ inefficiencies open. If this is mitigated, it would be very bullish overall for Banknifty.
