Momentum stocks are going good with Nifty stabilizing, Dalmia Bharat moved precisely as expected on basis of Elliott Wave pattern.
Below research and momentum call was given on 12th May 2021 clearly showing why we turned bullish on this stock near 1689 and today the stock crossed the targets of 1860 levels.
Dalmia Bharat Daily Chart: (As published on 12th May 2021) in Momentum research
Happened:
Elliott Wave analysis: Following was mentioned on 12th May 2021 in Momentum research
Momentum stock recommendation: Dalmia Bharat
Buy Price – Buy above 1689
Time Horizon –Not Applicable
Investment – 5% of capital
Target price –1860
Partial Profit: 1755
Stop loss– 1590
Anticipated: “DALMIA BHARAT LIMITED in the lens of Elliott wave analysis shows that a brief breakout in the stocks has happened from the range bound area giving Momentum to the Stock. We can clearly see that the stock started its 5th wave higher and can reach toward the equality target of 1860 levels on upside….Overall sector is also outperforming with action witnessed in Midcap and Smallcap space. On downside stop can be placed near 1590 and it is best to book partial profits near 1755 levels and then trail stop to cost. Fibonacci equality target is at 1860 levels.”
Happened: The stock touched the target of 1860 and up by more than 10% in just a few trading days. This shows power of Elliott Wave and identifying impulse patterns.
Did you read our latest research on Bitcoin Crashed – China News or Hurst’s Time Cycles Working! Check it over here
Get access to Momentum calls and research consisting application on charts and how you can ride the trend using simple powerful Wave theory. Subscribe annually and get additional offers. Act NOW! Subscribe here
Master of Cycles – Time the markets to the very Day, hour and times to the very minute. Yes this is possible if one understands the science of cycles and it is Simple to apply. Join Master of Cycles (MOC) Live Event on 12th – 13th June 2021, Limited Seats, Early Bird Ends Soon! Know more here
3 Months of Mentorship on Trading – Be a part of our Trading Gurukul and learn the application of the important concepts for trading with consistency and accuracy. Were you able to ride the trend from 7511 on Nifty, FOMO – Fear of Missing Out results into impulsive actions exactly at wrong times, Avoid the pitfalls while doing Intraday Trades, a lot more will be discussed in much detail in this entire journey of Mentorship with complete Hands on experience and follow-up post that. Know more here
No comments:
Post a Comment