@StageInvesting Any comments on Ami organics with respect to elliot waves?
Does not have a kong listing history ,hence EW analysis may not be appropriate.
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Please let us know your views on which stage is asahi india .
Asahi India
Please keep patience - as per EW set-up ,…it is yet to give clear signal. We’re keeping a watch.
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NewGen - Our Portfolio Stock
CMP 688
We entered in mid-April as updated before.
Here is the projection for its likely path for long and mid-term .
In long term ,it can cross minimum 2000 as we are in 3rd wave ( equality principle puts it beyond 2000).
In mid-term, it seems seems that we’re in in Vth I of 3rd wave.
i and iii look equal so we can expect that Vth may extend. But we start with equality principle ( ie 2 of the 3 impulse waves have to be equal ).
In short, if we’re taking the right EW option, it has long way to go!
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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19900 crossed…now all doubts about the long bull run gone.
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BEML
CMP -1650
A stock that conforms to multiple themes those are playing in current bull-run…PSU, Defnce, Mining .Railways.
It looks vey interesting as per EW and Stage Analysis prespective
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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Follow-up
CMP 1850
Have reached halfway mark.
ATUL
CMP 6850
A chemical stock at last.
Seems that correction is over.
We’re trying to bottom-fish here…hence position sizig would be staggered as we want more conformations to add it in a signficant manner.
4 Reasons :
a) Likely to close above 20 weeks average
b) Likely to close above 20 DMA and 40 DMA
b) RSI Divergence
c) Huge volumes
Will share the long term targets as soon as we get more confirmations.
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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Hello Stageinvesting,
Thank you for sharing your knowledge and charts so generously. Really appreciate it.
What would be the target for this pattern?
thanks
Sagar
HRU?.
TKS for doing the good work & handling so many queries
how is SUZLON Aditya Vision & Premier explosives and Bharat wires placed technically & possible tgt?
Please have a look at the chart closely and the wave counts. Wherever we mark the wave-counts on the charts, those are supposed to be the targets.
Sir can you give update on Karnataka Bank?
Suzlon
CMP 19.60
Seems that its time would come .
Has to cross few resistances (yellow-lines ) before it can fly freely.
Monthly Chart ( it plays out in months and years)
Bharat Wire
CMP 195
We covered it on April 25th as following , no change in views.
Premier Explosives
CMP 956
While long term looks very exciting and unbelievable, in short term it seems to be overheated ,hence need to be cautious.
Keep in consideration that monthly charts don;t play out in a jiffy, they take weeks and months and sometimes 3-4 years to play out fully.
Monthly Chart
Aditya Vision
No views- there was some news of certain accouting issues - don’t know whether those were intentional or negligence , we tend to stay away from these stocks especially when the opportunities are plenty.
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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ITC
CMP 471
It is at a critical juncture.
As mentioned in our Feb 5th post (given above), it is /was in 5 th wave and was projected to go near/beyond 500. It has already touched 499.70.
So can it go beyond 500 ?
As mentioned several times in several posts, 5th waves happen to be tricky as many a times they don’t follow usual rules of EW.
Currently we’re at the risk of ending the 5th wave.But how we will know that ?
Here is the catch ::
If it does not give a weekly close above 500 in comming weeks in near future, we can guess that the current rally is over and we can go back to 360 or below.
On the downside, 454/425 are an important level to watch for as these may give support.
Let’s keep a track. If it gives a weekly close above 500 in coming weeks , we will revisit the counts again.
On the bullish side, there are chances that what if the current rally was wave i of 5th wave and there are more legs to come ! And those legs ( wave iii, v) can take it to much beyond 700/800. Fingers are corssed as of now 
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
6 Likes
Sir, Please share your view on GMR Airports and Tips industries.
Hi Your views on NTPC and Kalpataru Projects?
can you share views on Sundaram Finance Holdings ?
Excellent call on Bharat wire. price reached 224 post Q1 NOS.