Category: Equity

Dear All, The next multi-bagger is in place now. Devyani International has touched an all-time high today by completing its 1 complete cycle of impulse and correction move. Wave 1 (5 impulsive moves) and Wave 2 (3 corrective moves – ABC) have been completed with Wave 2 retraced 61.8% of Wave 1. By giving a…

Dear All, It’s time to look for some investment opportunities in Cryptos. SOLANA is one of the cryptocurrencies which I would like to keep on the radar. Its currently running in complex correction in its last leg “Z”. Any bullish reversal above 75$ will be good to look for a long entry on further confirmation…

Short Term Elliot Wave view in Dow Jones Industrial Average that Uptrend has been ended with Expanding Ending Diagonal. There is a Break of Structure that happened when Wave 4 of ED has been broken by a strong move down, Clearly indicating that Bears are more active now. Currently, Wave A is running, which should…

Dear All, Nifty has made a Head & Shoulder Pattern. Above is a 4 Hr Chart for the same. 17600 level needs to be watched closely. Bulls need to protect 17700-17600 levels. Any fall below 17600 levels will bring nifty down to 16700-16600 levels. H&S PATTERN EXPLAINED The head and shoulders pattern is a technical…

Dear All, On Charts, Bandhan Bank has moved into sideways correction for a long time now. Wave 1 has been completed after making 5 moves as a diagonal. Price is running into Wave 2 since 30.11.2020, Almost a year of correction phase after an impulse, Price retraced up to 61.8 fib ratio. There is a…

Brilliant price action, Price retest the earlier resistance which become support and price started moving upwards. Charts are attached for your reference. Cheers Sid

Time to retest the Entry level.. Will it sustain or fail? wait n watch !! Cheers Sid

After a decent run upside, Stock has went into consolidation zone since 18th March 2021 till 20th June 2021. Staying in consolidation zone for almost 3 months, finally it has given breakout today. Now the important question is will it sustained? There are 2 ways of entry to this stock – 1. Above day high…

Deepak Nitrate is consolidating near its high now. It has made a rounding bottom pattern. A breakout above 1694-95 levels is worth watching. Keep a track !! Chart is attached for your reference. Cheers Sid

After a decent up run, Dhanuka’s price is in the consolidation phase. Volume has dried down during the period. The demand zone is working nicely. It should be in a watchlist for a very good reward. The chart is attached below for your reference. Learning – Consolidation + Breakout Cheers Sid