StageInvesting +Elliot Waves

NMDC
We like the stock from valuation prespective .

But due to demerger, we are treating it as a new company hence can’t comment much on the chart ( for chart reading, one needs good history ) .

Only one thing we can say that in short time frame, it has a strong resistance at 124.

Shree Digvijay Cement

CMP 65

Keep in mind that our analysis and view is useless for trading prespective.

Our analysis and view is meant for medium to long term investors* for entering/holding and exiting.And we can go wrong all the times.

Would request you to study Stage Analysis given several times in earlier posts . You would find your answers by yourself . And in case of confusion, we would be always happy to help you.

On this stock, we don’t find anything positive as of now. It is below 40 WMA .Has a dstrong resistance at 75 .Daily /Weekly/Monthly MACD are in Sell zones. RSI in all timezones is shwoing weakness.

Won’t be surprised if we see this stock at the levels of 50 in coming months.


Disclaimer :This post is just for learning one of the few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors

Lincoln Pharma
CMP 324

If you wnat our frank view , we don’t like this company due to certain fundmental reasons and won’t keep it in our porfolio as an investor.

From technical and trading prespective , here is our view.

The stock has given a break out on falling trendline and now it is retesting.

In short-term ,it can go to 315-310 levels where it might find good support.A break below these levels can take it much below 300.

On upside, if it starts closing above 335 and stays there for few weeks , it can go to next resitance levels of 365 and 385.

As it might take few months to reach these levels, we would reveiw it again after few months only after it is able to cross 385.
Weekly Chart


Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors

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Hi Stageinvesting, your views on Ion Exchange and CCL products?

Lumax Industry
CMP 1890

Is this stage 2 ? The new wave !

Well it looks like,but currently we’re at a critical juncture at 61.8 5 levels of whole retracement. Many a times stocks start their reverese journeys at this juncture.

Fingers crossed.

But if the stage 2 continues, then we might see new ATH , although there are 2-3 key resistances as marked by red lines.
Weekly Chart
Keep in consideration that scenarios of weekly charts play out in 6-9 months.


Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors

TVS Srichakra
CMP 3197

It has moved up 20% from the levels posted 24 days back .

Hopefully it maintains the projected journey.


Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors

Redington -Follow-up
CMP 178

Journey continues on the projected path.

Long way to go.

Next review level is 200.

Let’s go step by step.
Weekly Chart
Keep in consideration that full -scenarios of weekly charts play out in 6-9 months.


Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors

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