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TV18 has 50% upside now open.ABOUT THE COMPANY: TV18 Broadcast Limited, a subsidiary of Network18, manages its primary business of broadcasting. It runs a news network in India, spanning business news, general news, and regional news. Brands like CNBC-TV18, News18 India, and CNN News18 are part of this company. Besides the news network, the company also operates a portfolio of television entertainment channels, sports channels and digital platform. The Group also has a presence in the film production and movie distribution business through its studio –Viacom 18 Motion Pictures. TV18's infotainment subsidiary AETN18 Media Private Limited operates a factual entertainment channel - History TV18. ABOUT THE CHART: The stock price of the company gained almost 80% between Mar.2023 and Sep.2023. This phase was an impulsive 5-wave advance(Elliot-wave theory) that has been labelled on the chart as 'wave 1'. From the beginning of Sep. and till almost the end of Oct., the stock corrected nearly 50% of 'wave 1'.This correction was an Elliot-wave zig-zag(labelled as ABC). The stock then proceeded to move upwards after the 'wave 2' bottom and managed to make a minor 'wave i' of "WAVE 3" that it is now in. The "WAVE 3" target is projected close to INR70-72 zone(50% from CMP) On Friday's session, the stock broke out from a trendline resistance along with a massive volume gain. On the down side, INR 43 can be now used as a 'SL' level. NOTE*- The views expressed are based on personal opinions and observations. Please do thorough research/analysis of any instrument before making any trading/investing decisions.
TLong
by neeraj_2_sharma
6
Why Starbucks is a great investment opportunityStarbucks, the renowned coffeehouse chain, has become a household name for many people across the globe. With over 30,000 stores in more than 80 countries, Starbucks has established itself as one of the leading players in the restaurant industry. Its strong financial performance and impressive growth potential have made it a hot pick for investors looking to invest in this sector. In this section, I will analyse Starbucks’ weekly timeframe by wearing the supply and demand imbalances glasses. As supply and demand traders, we do not need to understand the company’s forecasts and financial performance to analyze its growth potential. We only need to know where the imbalances in price are on a price chart. The stock is currently trading at $96 per share. It’s very close to a strong demand imbalance sitting at $94.19. We expect the stock to rally to $104 and much higher.
NASDAQ:SBUXLong
by AlfonsoMoreno
#VASCONEQ stock with good fundamentals and good technicals.#VASCONEQ Another small cap stock with good fundamentals and good technicals. Has reclaimed a very important S/R zone on higher timeframe. Some quantity can be bought at current levels because of breakout on daily timeframe. Also, In my opinion, ₹59-₹71 zone is a good zone for accumulation if market gives a chance. I see another 50-60% upside as first target and this can also be a multi-bagger easily in long-term.
NSE:VASCONEQLong
by BattleofStocks
KALPA-TARU can give 25% returns in short term!!The stock is currently in wave iii of III which is projected moving towards INR 895-910 zone. 'Wave I' unfolded in the stock from June-Oct 2023 and then the price witnessed a 50% retracement of the wave I in 'wave II' through the months of OCT-NOV. The stock is now going for the completion of the 'Wave III' target of INR 895 but the 'Wave III' is sub-diving into minor waves. We could see a 'wave i' of Wave III in late Nov and a subsequent 70% retracement of the same through Dec. Leaving aside the Elliot-wave counts and structure, the stock is also now attempting to go past a very strong supply/resistance zone of 695-710. The stock has made 3 attempts to clear above the zone in the past but not managed to do so but this time around the extra-ordinarily high volume could help. KPIL closed with a massive +7.85% gain along with nearly 30 fold increase in average daily volume.
NSE:KPILLong
by neeraj_2_sharma
TRADE_SETUP_DABUR 10% MOVE IS STARTING NOW!This FMCG stock is spotted completing a complex triple three(WXYXZ)correction to a prior leading diagonal wave 1 that it had developed between October-Dec.2023. The stock has made a 50% retracement of the 'wave 1' rise during the complex correction in the past three weeks. Now that the corrective wave is nearing its end(or already ended), the stock should be expected to make a ''U-turn" from current levels and should attempt to move towards the INR 580 mark in coming weeks/months. INR 520 can be used as an "SL" on the downside. At current levels, the stocks offers an attractive risk reward of 1:5 for a short term trade. Note*- Views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
NSE:DABURLong
by neeraj_2_sharma
SHORT TERM OPPORTUNITY IN CAPITAL TRUST_35% UPSIDEOn a day where almost every stock seemed to tumble, CAPTRUST managed to pull off a bullish stunt. The stock closed with a +15% gain along side 15 times surge in daily volume. The weekly chart of the stock shows us that the stock managed to pierce above an18 months old active supply zone. Since Jul 2022 the stock has been attempting to move beyond the INR 110 mark but failing to do so. For the past 4 months the stock had been trading in a tight range of INR 90-110 waiting for the right time to clear above 110 mark, which it did on Wednesday's session.(AND HOW!!) What should now be expected from the stock is that it will now head towards the INR150-160 zone to test the new supply as the old supply zone has been successfully conquered. CMP 113.15 SL 98 TARGET 155 RR 1:3
NSE:CAPTRUSTLong
by neeraj_2_sharma
ESCORTS is currently sitting at a major demand zone!The stock is currently spotted at an important upwards curving area of demand that has been active for the past 4months. The demand zone has been enough times tested in the past 4months and proved its strength over all test occasions. The stock has traded between the demand zone and the control price for the past 2 months and the entire 2 months range can be thought of as an accumulation phase. The times when a stock gives a breakout after a long accumulation phase , what follows usually is the pick up in volume and momentum. The stock can begin a strong rise from current levels towards the INR3500 region(10% from CMP). INR 3100 currently is a good support area for the stock. A short term trade using 3090 as SL and INR3300(control price) for a target, would not be a bad trade either. CMP - 3130 SL - 3090 Target 1 - 3300 Target 2 - 3500
NSE:ESCORTSLong
by neeraj_2_sharma
OIL INDIA looking to breakout from a supply zone!The stock has been in congestion zone from past 3 months. During this period INR300-305 acted as a demand zone while INR 325-330 zone has been a seller's favored zone. The stock is spotted today breaching a minor trend line resistance with good volumes. This could be an early sign of the intentions of the stock(or rather the buyers) to clear above the 325-330 zone for good this time around. Upon a decisive close above INR 330 mark the stock could very quicky attempt to move towards the INR 360 mark. On the downside 312 could be a good place to consider to place a SL order for a target of 360(RR 1:3). Note*- Please do your own analysis/research before making any trading decisions.
NSE:OILLong
by neeraj_2_sharma
TRADE SETUP_ bottom in place for SCI _ 30% upside potentialThis PSU stock has made a bottom on 25th Oct after completing a zig zag correction starting 11th Sep. This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential. The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun. CMP 135 SL 127 TARGET 170 NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.
NSE:SCILong
by neeraj_2_sharma
Wave 3 in JTEKTINDIA can kickstart a 60% rally in the stock!The stock had witnessed a five wave impulsive rise in March 2023 which went on till Aug 2023. The impulse drove the price of the stock up by 76% from March bottom. This phase was then followed by a three month long correction(zig-zag or ABC) leading to a 50% retracement of the gains made during the impulsive wave. Now that the corrective phase is over, the stock has slowly started making minor waves to the upside to unfold a major wave 3 that can be projected going towards the INR 210-220 zone(55-60% from CMP). The stock closed at a +4.26% gain on Tuesday's session alongside massive uptick in volumes - signs of fresh buying. CMP - 138 SL - 127 TARGET - 220
NSE:JTEKTINDIALong
by neeraj_2_sharma
Wave 3 in AARTIDRUGS can push price up by 80%!!The Stock witnessed a five-wave impulsive rise beginning in March 2023 and ending in July 2023. The impulse move led to a 105% rally in the stock in a matter of just 5 months. Since the completion of the wave 1 in July however, the stock went into the corrective wave 2 structure between July-October. The corrective phase can be marked as an Elliot wave Zig-zag(ABC) and led to a 50% retracement of the wave 1. This phase ended in October and between October-November the stock displayed a slow moving leading diagonal as the first sign of reversal from the bottom of INR 444.This tiny diagonal is the only starting piece of the massive leg that is yet to unfold in the stock, taking it towards the INR 900 mark. The diagonal and its correction can be labeled as wave i&ii of 3 respectively and now the stock has "jump-started" the wave iii of 3 on 18DEC with a +4.2% closing alongside uptick in volumes. Upon successfully surpassing INR500 level, the stock shall be at the INR550 in 'very quick move'. INR 900 is the projected target region for the Wave 3. On the downside INR 470 can be used as 'SL'. Note*- The views expressed are based on personal opinions and observations. Please do your own research before making any trading/investing decisions.
NSE:AARTIDRUGSLong
by neeraj_2_sharma