tanrakesh47815

tanrakesh47815 Updated 

We are in Expended Flat -rule is Wave B retraces 1.27 to 1.382 area of A or 1.382 to 1.618 zone rarely more than 2 of wave A . Wave C usually extend to 1.618 of A or it retraces 1.618 of wave A sometimes when C wave is extended it goes to 2.618 of wave A size. calculation B is 1017 and A is 779 approx i.e B wave is 1.30 % of A. Now C wave calculation is simple...

tanrakesh47815

breakout or breakdown of contracting triangle near to our trg of 255,58 and 262 . If crosses 262 with volume then we have a target of 310 rs but some profit booking in this range expected.

tanrakesh47815

Due to closure of gujarat plant due to pollution control board the share is unable to get any price action as closure might effect profit margin ..Accumulate the share on dip as it has a good management and might see some action soon.

tanrakesh47815

currently in 1st wave of 3rd wave and is likely to achieve very high targets of 5600( previous high) and above . Stock turned negative on head and shoulder formation and achieved lower trg of 3350 and end of 2nd wave now 1st impulsive going on once correction sets in buy the stock and accumulate.

tanrakesh47815

heading toward 647-52 range for target of 3rd/C wave in hourly chart. We have a long term target of above 850 and stock may make a new high in 2024-25 ( above 850 range). in 5th wave of weekly chart.

tanrakesh47815

Weekly chart shows correction might have got completed here and wave analysis shows that share might achieve target of min 147 in 3rd/C wave. buy share looking strong on chart and company production has got restored in jan/feb24 after flooding in nov 23.

tanrakesh47815

was recommended at 1400-1500 level now 3500. we are heading toward our target of 4083-4200. This MNC stock has a high book value of 677 and is a bonus candidate and EPS of 120-30 annualised .Dividend payout has been increasing and is only 9% now it looks company might increase dividend also. Buy as 5th wave target can increase on extentions as marked in chart.

tanrakesh47815

Buy with stop of 600 for a trg of 642-52, long trg 741