neeraj_2_sharma

neeraj_2_sharma Updated 

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...

neeraj_2_sharma

"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...

neeraj_2_sharma

ABOUT COMPANY: HF Sinclair Corporation (HF Sinclair) is a diversified, innovative energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. HF Sinclair also owns and operates refineries located in Kansas,...

neeraj_2_sharma

Another day another Cement stock! The cement sector does not seem to have any shortage of upside potential even in 2024. Another stock with a good trading setup is DALBHARAT. The stock is entering into wave III of Wave III of Wave 3(i know it sounds crazy but that's how the extensive sub-division of cement stocks has been) INR 2260 which happens to be reversal...

neeraj_2_sharma

The stock was seen rising in an impulsive 'wave I' structure between March-Aug 2023. Wave II happened between Aug-Nov and wave II managed to retrace 50% of wave I. In the past 2.5 months, the stock displayed a minor wave i of wave III and a retracement of the same in the form of minor wave ii. The stock now looks all geared up to move up and cover the remaining...

neeraj_2_sharma Updated 

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...

neeraj_2_sharma Updated 

In this age of internet and mobile entertainment, is there a scope of survival for a satellite television provider? Well the above chart attempts to make a projection of the path the Dish TV stock can take in coming years based on the rules and guidelines of the Elliot wave theory. To highlight the most important thing about it, the stock had a clean impulsive...

neeraj_2_sharma

The stock is ready to move up into the INR 2220-2250 in minor wave III. The stock completed the Wave I structure between Nov-Dec. The current wave count is I-II-i-ii-i-ii and the stock has multiple waves yet to unfold. Projected area for Wave III is INR 2220-2300. On the downside the low of INR 1927 is a crucial support to watch out for.

neeraj_2_sharma

The cement stocks have had a great 2023 and many are looking to carry the run forward into 2024 as well. India Cements was spotted displaying a minor Wave I from Nov 1 till Dec 14.In this wave the stock swiftly moved 35% up in a short time of 1.5months Wave II was a 38.2% retracement of the wave I. Between Dec 21 and Jan 4 the stock completed a leading diagonal...

neeraj_2_sharma

The stock looking to move towards the INR 4000-4150 zone in wave "III" structure. The stock was previously in a Wave "I" structure between Oct end till Dec end. The correction to the wave I in the form of wave II was a mere 23.8% retracement of the first wave and lasted for a mere 3 days. This a reflection of strength in the stock. The stock is also the 5Th best...

neeraj_2_sharma Updated 

The correction to the impulse wave up(April 2023) completed in the stock with a zig zag and achieving 61.8% retracement of the wave up. Wave 3 seems to have now started and the projected target zone would be around 910-920 zone. Sl-659 CMP 700 Target - 915 Note*- This post is for educational purpose only

neeraj_2_sharma

The stock can be seen moving up in an Elliot wave structure from Oct end bottom. Wave I completed in Oct-Nov followed by a 38% retracement and then Wave III completed in Nov-Dec followed by a deeper 50% retracement. Now the Wave V has begun in the stock from Dec 21.This particular wave also can be seen sub-dividing into minor waves like the previous 2 impulsive...

neeraj_2_sharma

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...

neeraj_2_sharma Updated 

This Pharma giant has outperformed Nifty 50 in the entire 2023. Starting from Jan.2023 the stock has been making clean and strong impulse moves and easily beating the index returns for the entire year. The stock completed wave I of 3 between Jan-May 2023 and completed the wave III of 3 subsequently between May-Aug 2023. Between Aug-Oct 2023 the stock was in a...

neeraj_2_sharma

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...

neeraj_2_sharma

Orissa Bengal carrier LTD. or OBCL is a company engaged in transportation and logistics business. The chart of this company hints at a breakout in near term. The stock had been trading in a symmetrical triangle for past 2 months and is now looking to breakout from the same. The stock tested the lower rising boundary line of the triangle on Thursday's session...

neeraj_2_sharma

On 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...

neeraj_2_sharma Updated 

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...