NIFTY 50-Technical Analysis

 Nifty 50 - One last Rally pending before correction

1.As per Elliot wave,Sub wave 4 of wave 5 has been started & the next support for wave 5 lies around 12400 level.

2.Extended wave 5 is happening now & could rally upto 13000 level for the wave 5 completion.

3.As already mentioned,after this wave 5 there could be a huge correction for the next 2 months.

4.Once this correction completed,we can witness some very good rally for the next 1 year.

5.Never chase the market & just go with the trend momentum.

Dynemic Products-Technical Analysis

 Dynemic Products - Wave 5 started

1. Can Buy at the current market level 245 & look for a target of 280.

2. Wave 4 completed & wave 5 support taken at 38.2% Fibonacci retracement.

3.Company has posted very decent growth in this second quarter.

4.Keep SL at near wave 4 completion(i.e around 210 level)

5.Look for a target of 280 level before the wave 5 completion & after that correction wave will start.So start to book profit at these levels.

BHEL-Technical Analysis

 BHEL-Correction wave completed

1.As per Elliot wave,correction wave ABC has been completed.Can initiate buy at current level i.e.29.5

2.Sub wave 1 of wave 3 started & taken support near 61.8% retracement of main wave 1.

3.Target for this wave 3 will be minimum 52 level.(Target 1-32,Target 2-45,Target 3-52)

4.Keep SL below previous wave level i.e 26.0

5.Time horizon for this target will be around 10 months.(almost 100% profit)

DISCLAIMER : Invested small position size! Do your own analysis before buying

Lincoln Pharma-Technical analysis

 Lincoln Pharma-Wave 5 Impulse started

1.Impulse wave 5 started in Lincoln pharma & can buy for short term gain at the entry level of 215.

2.As per the Fibonacci,wave 5 taken support at 61.8% of wave 4 retracement. 

3.Normally wave 4 could breach the channel line during the correction & here in Lincoln pharma also the same has happened.

4.Target for this short term gain will be around 300 level as per the Fibonacci extension of wave 3.

5.Keep SL below wave 4 i.e around 206 level.

NIFTY 50-Technical analysis

 NIFTY 50-Correction yet to start!

1.As per the Elliott wave,at the current level 11770 wave 5 formation going on!.

2.Likely target for wave 5 completion will be 50/61.8/78.6 % retrace of wave 3 i.e around 13000(chart attached) 

3.Currently sub wave (2) of wave 5 is happening so we might see  some correction in near future before sub wave 3 starts.

4.Once the wave 5 completed we could see a start of correction wave A,B and C(Be cautious during this short term correction)

5.And once this short term correction completed then we could see a major up move of wave 3 in this bull market!.

6.Overall,in short term be cautious during correction & in long term be ready for bullish wave 3.

DISCLAIMER : Views are for Educational purpose only & do your own analysis.

Do comment & Feedbacks welcome

Technical Analysis-Sudarsan Chemicals

 Sudarsan Chemicals-Hold for Short term Gain(Chart attached)

1.As per the Elliot wave,wave 5 has been started.Enter now at the current level 465

2.Support taken at SMA 50 & 38.2% Fibonacci retracement.

3.Keep SL below wave 4 (i.e. around 445 level)

4.Wave 5 completion might be around 550-560 level.Book profits at these levels.

5.Time horizon-20 days to 1 month.

DISCLAIMER : Invested! & do your own research before buying

Kriti Nutrients stock analysis

About the Company:

• Founded in 1991,Kriti nutrients ltd has grown steadily over the years & today is counted  among the leading soya based products manufacturing companies of India.
• Kriti nutrients manufactures range of soya value added products and soya lecithin for industried and edible refined oil for consumers.

Product Range:

• Soya lecithin
• Texturized soya protein
• Kriti super Hypro SBM
• Soya grits
• Soya flakes
• Soya flour
• Full flat soya
• Acid oil & Fatty acid
• Refined sunflower oil
• Refined soyabean oil

Key fundamentals:

• Stock P/E = 7.79
• Industry P/E=14.9
• ROE = 24.55%
• ROCE = 27.2%
• Debt to equity = 0.10
• Pledged shares = 0%
• PEG = 0.27

Technical Analysis : 

Elliot wave : 

• Wave 5 formation started(Short term Target price 55)

Fibonacci retracement : 

• Wave 5 taken support at 50% retracement

DISCLAIMER : Not invested! and only for educational purpose(No buy or sell recommendation & do your own analysis before buying)