NSE:NATIONALUM looks long towards 87.2NSE:NATIONALUM looks long towards 87.2. On SMA level buying price RANGE 84 and looks first breaking point 87
Indianstocks
UBL SHORT TERM VIEW UBL Short Term View Is Given
SL is on 1,445 (Candle closing below 1,445)
Entry is at 1,472.45 ( Any Candle closing above 1,472.45)
Target is at 1,536.25
This View is purely based on Technical Analysis and is for education purposes only.
SBI (STATE BANK OF INDIA)The idea is based on the Elliott Wave Theory. The rally in PSU Banks seems incomplete and SBI could reach higher levels before making a corrective move.
If the ending diagonal doesn't invalidate, a reversal is likely from the upper trendline.
Buy set up for Ambuja CementAfter consolidation post-downtrend, the stock breached the resistance level of 363 with volume support. Its well set to move upwards toward the next resistance level of 393
Entry - 372
Target - 393
Stop Loss - 362
ADANI PORTS - Risky but worth it The idea is based on the Elliott Wave Theory. The price seems to be correcting after making a 5 wave impulse. This could mean further decline in the stock value while it enters the wave (3). Invalidation level remains at the top of wave 1. (i.e 595)
Reliance Bullish Formation of Head and shoulder pattern, which indicates a downside. Getting rejected at the resistance and trendline for multiple times. Targets are at the levels of Fibonacci.
TATA MOTORSThe idea is based on the Elliott Wave Theory. The long term bullish cycle has started from March 2020, and after a 5 wave (impulsive) rise, the price is now correcting (WXY correction). The level of 300 is crucial as it is a strong resistance and also coincides with the 50% fib. retracement.
PFC (Power Finance Corporation) The stock is likely to keep growing in the next few months as it is breaking out of a large range of consolidation.
HINDUSTAN AERONAUTICS (HAL)The idea is based on the Elliott Wave Theory. The current price seems to be corrective in structure which suggests another wave Y could unfold driving prices to the previous levels or lower.
MARUTI (SUZUKI) - Elliott Wave ViewThe stock seems to have completed a 5 wave structure (expanded) and could start its correction phase ahead. The idea is based on the Elliott Wave Theory.
NTPCwait for the support at the trendline and breakout the upper trendline. Follow and give a comment or like ..
Trident LTDLargest Manufacturer of terry towels in the world. World’s largest wheat straw-based paper manufacturer, and one of the major bath linen providers in the US Forward & Backward integration of operation.
Trident is the second-largest player in home textiles and the third-largest yarn manufacturer in India.
The company has a presence in over 150 countries around the world, with marketing offices in Chandigarh, Bhopal, Gurugram, New Delhi, and Mumbai, and overseas operations in New York, USA, Dubai, and UK.
The company launched ‘Vision 2025’, a plan for coordinating Group efforts to improve the company's positioning across all business verticals. Its goal is to reach Rs 25,000 crore by 2025 with a 12% increase in the bottom line. It also aims to establish Trident as a national brand and digitalise it by completing the smart manufacturing or Industry 4.0 journey
Geographical Split FY22
India: 32%
USA: 44%
Rest of World:24%
DISCLAIMER - IT'S MY STUDY PONTS NOT ANY RECOMMENDATION. THIS IS ONLY FOR STUDY PURPOSE.
HDFCBANK - Bearish Cycle 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.
NIFTY - Elliott Wave ViewThe idea is based on the Elliott Wave Theory.
Nifty has made 5 waves down (Impulse 1), and could start moving downwards again after a small correction (50-60%).
Long Term View:
NIFTY - Bearish Market ViewThe 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 - Bullish CycleBPCL - 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.
NIFTY ANALYSIS - 15/02/2023Buy Above - 17960
SL - 17920
Targets = 18020,18080,18140
Sell Below - 17900
SL - 17930
Targets - 17860,17800,17780
Trade Safe, Strictly follow your STOPLOSS
Happy Trading Guys
MRF - Elliott Wave ViewMRF - Daily Chart based on the Elliott Wave Theory.
As long as the triangle stands valid, the price should correct more downwards. Correction could make further extensions if the next resistance level is broken.
TATA Consumer ProductsThe idea is based on the Elliott Wave Theory. The price is still correcting and will extend to 100% of wave X to 595. Below that level, further extension could be towards 450-470.
KOTAK MAHINDRA BANKThe stock is currently making a corrective structure and is likely to extend further to at least 61.8 fib. level. 1500 may be a good level to watch; below that we could also see 1420.
This is based on the Elliott Wave Theory.
RELIANCE - Elliott Wave ViewRELIANCE.
Correction cycle towards 1900 level. Below 1850, could extend towards 1650 level. The stock is forming a WXY corrective pattern.
The analysis is based on the Elliott Wave Theory.
PNB bank bank stock can give you good profit if you hold short time
long trader can enter and wait for 1 to 2 month
intraday can wait for 3rd touch or one more dip
Nifty short term target - 17148, 16800, 16650 Nifty chart has recently broken upward parallel channel (white) and taken support at 200 day EMA.. It has also formed a bear flag. Chart patterns suggest we're looking for a downward momentum short term.
My short term targets are 17148 (Fib measured move), 16800 to 16650 (multi month support zone).
If the 16500 levels get broke NIFTY will test 16049 (gap fill) and 15431 (previous month lows).
Let me know your thoughts in comments.
