This one still has lot of room left as per the earlier projection.
Disclaimer : This post is just an effort 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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This one also going as per the projection of March 24th.
@StageInvesting - Could you please share your views on Sterlite Technologies Limited? The stock has been in a downtrend since January 2022 and been consolidating sideways over the last 3-4 months.
From a business standpoint, it posted good results in the first quarter of FY24, delivering a 42 per cent year-on-year EBITDA growth on the back of operational efficiencies. Its open order book is at Rs 10,938 crore. It also forayed into the IT services industry with STL Digital with an open order book in excess of Rs 900 crore.
It is in our watchlist…as soon as we see any clear trend, we will post it.
Pennar Industry
CMP 95
Is it the 3rd wave in not-so-enthusistic environment.
Let’s see.
Weekly Chart
Hi @StageInvesting ! Any update on Mayur Uniquoters? You had posted the chart earlier but it is missing from your current PF.
Yes we had posted the same…but some of other opportunities were more enticing ( where relative momentum has been higher) ,hence we moved the cash there.
Please keep in consideration that we keep posting good set-ups …but it does not mean that we’re invested in all…we also have limited funds.
That is the problem of a bull market…too many opportunities and too less funds… hence we try to stick to high momentum ( relative stregth ) stocks to make the best out of a rally.
Hello Boss,
It seems the large 2nd wave might be a ABCDE wave denoted by red triangles you have drawn? Please advise. In any case, I agree that it may set up bullish impulse wave upwards once it breaks out of this pattern.
May be or may be not 
FSL
CMP 155
Moved very slowly but moving.
Had given an update on this one 10 days back on the other thread…just adding here.
Absolutely! Got my answer. Thank you!
Have you also checked JBM Auto?
Btw the answer was wrong, my friend . In any ABCDE correction - size of A, B,C,D,E matters and that is not visible on the chart.
As far as JBM auto is concerned , we don’t track the same. We try to stay away from the stocks where there is lot of noise in social media by the reatil -investors/traders.
Hi Sir ,
Ambika has now reached till 1535 does it still be assumed to may will be lingering around range or has it crosses 40 WEMA levels
Pl guide …
For any significant move…
Crossing 40 WEMA and then breaking the trading range and closing above 1820 at least for 2 weeks .
Please be patient and read carefullt if you want to really make big money in the markets. But if you’re a trader, we won;t be able to guide you on daily basis.
If I am an investor is Ambika cotton can be entered for 25-40percent at current levels (am comfortable to hold for 1-2-3 years for double - needless to say numbers and markets should not be too volatile)
Sorry to say that we don’t give any advise. We just share interesting charts.
Hi Sir,
Based on this chart, any timeframe and targets in mind?
Time can’t be predicted. Projected targets are there in the chart. Top of the box 3=1.
No buy sell reco.
GSFC
CMP 160
Is it starting the 3rd leg ?
We would be sure only it crosses the hurdle of 183.
Let’s keep a track.
Weekly Chart
