cksharma23

cksharma23 May 23

Post the correction last month, this stock has again come back to its ATH, with the RSI divergent and MACD almost at the point of reversal in trend. Expecting some correction in the coming month, hopefully, sell in May and go away works here. Disc: Holding short positions, chart only for learning purposes.

cksharma23 Updated  May 20

The HK 50 Index looks very promising, and if it breaks out of the channel, new ATHs can be expected in the next couple of years.

cksharma23 Updated  May 20

Currently at a major 200 DMA, might rest here and give a upmove before we can see any further meaningful correction, unless the sentiments towards Elon Musk and Trump go extremely negative then we are again looking for 200 levels. Long with SL of 295

cksharma23 Updated  May 20

Long-term breakout and retest done, and the stock looks ready for the new advance into the breakout territory, with the target of $300 by year end.

cksharma23 May 20

While short-term indicators show some bullish signs, the medium- and long-term trends remain bearish. The stock might remain range-bound for a couple of weeks before any uptrend, which will only be confirmed once it breaks the parallel line before making a fresh upmove. Also, $27.5 can be taken as support post the rise. Once the parallel channel is broken, it...

cksharma23 May 14

The price has broken out of the range and confirmed the start of the third wave, as the RSI is already starting to heat up and has broken out of its range. If the prices hold for this week and we get a close above 210, we most probably are heading to 320 and then 4th wave correction back to 250 levels.

cksharma23 Updated  Mar 11

The stock has experienced a significant downtrend, declining approximately 47% in 2024. Momentum in the China theme could be beneficial for this stock as the RSI is making higher highs with stock prices making lower highs; it can shoot up anytime as per the current setup.

cksharma23 Mar 4

Technical Analysis: Currently taking support at .78 fib we can expect a bounce from here or may consolidate for a while before making any further move. Expecting this to be a multibagger, looking at the order book and backing of RIL group In the Q4 FY2024 earnings call, the company reported total order inflows of approximately ₹6,023 crores, marking a 37%...

cksharma23 Updated  Mar 3

Tata Motors appears to have key support around ₹600, with no strong buying interest visible until that level. A pullback to test support is likely before any sustained upward movement. The ongoing U.S.-India tariff negotiations add to uncertainty, particularly for the EV sector. If Tesla secures entry into the Indian market with favourable terms, it could...

cksharma23 Feb 28

The stock has experienced significant volatility recently, influenced by broader market dynamics and company-specific developments. Key Support Levels: $39.02: This intraday low serves as immediate support. A decline below this level could signal further downside potential. $37.90: Aligning with the 50-day moving average, this level offers additional...

cksharma23 Feb 28

Nvidia (NVDA) recently delivered impressive earnings, exceeding expectations with robust revenue growth. However, despite the strong numbers, the stock has faced a pullback, shedding about 8.5% as broader AI-related stocks also experienced a downturn. While the long-term outlook remains positive, traders are closely watching key technical levels to assess...

cksharma23 Feb 28

After a strong rally, INVZ has retraced sharply to the 0.786 Fibonacci level (~$0.75). This level is often considered the last line of defense for bulls before a deeper correction. 📌 Key Observations: ✅ Price testing 0.786 Fib—a potential bounce zone if buyers step in. ✅ RSI near 40, approaching a possible reversal territory. ✅ Low-volume selling suggests no...

cksharma23 Feb 28

Greaves Cotton has confirmed a breakout and successful retest on the monthly charts, signaling a strong bullish setup. Adding to the conviction, renowned investors Dolly Kedia and Porinju Veliyath have recently invested in the stock, reinforcing a positive outlook for the company. The current decline appears to be mere panic selling with low volumes, presenting a...

cksharma23 Updated  Feb 27

this stock has corrected decently and is near the weekly 200 moving average of 166 and 50 % fib retracement as well, which would act as a major support and help start its journey up.

cksharma23 Feb 27

Bajaj Finance Stock Analysis – 2024 1. Strong Track Record of Consistent Growth Bajaj Finance has been one of the most consistent compounders in the Indian stock market. Over the past decade, it has delivered CAGR returns of 25-30%, outperforming most large-cap peers. However, in the last 2-3 years, the stock price has remained largely range-bound due to rising...

cksharma23 Feb 25

Good buying opportunity like in other stocks this has also taken a lot of beating and looks like a good bet to enter at current levels. With ace investors like Dolly Khanna increasing stakes this wont stop at these levels for long

cksharma23 Updated  Feb 17

with a major change in shareholding QOQ adding approx 8% FII & 8% DII investors this stock looks promising for the coming quarter and can be a great opportunity to buy at these levels. Abakkus Growth Fund participated in the Qualified Institutional Placement (qip) and bought 85,26,605 6.78% of the company. Expect the upper trendline to be tested during the...

cksharma23 Updated  Feb 17

Analyzing price chart using Fibonacci retracement levels and Elliott Wave Theory. Key levels are as follows: $ 352: Strong support due to the 20 EMA and 0.68 Fib retracement. If it holds, a bounce could occur. That makes 352 a critical level—if the price holds and bounces, it could confirm the start of Wave 5 $ 320: If 352 breaks, this is the next major...