Reliance Multibagger stock with 77% returns in just over a year!

Reliance Industries has been outperforming since Nifty started its journey on the upside and also is amongst the top stocks which has helped Nifty to hold the apex.

We published about Reliance Industries on April 2017 and predicted a possibility of Multibagger returns. The stock gave almost 77% from the levels given in just over a year. So, irrespective it is a largecap we were able to capture a strong up move.

We were able to predict its move with the help of Time Cycle and Elliott wave techniques.  Prices post forming a triangle pattern gave a break on the upside in the form of primary degree wave 5. 

See yourself the chart of Reliance Industrieswhich rose from the level of 700 to 1236

Reliance Industries Weekly chart: adjusted for split (anticipated in April, 2017)

Reliance Industries Weekly chart: Happened

The above research about Reliance Industries was published on 04th April 2017

(Here is a part of research taken from research report.)

Reliance Industries the third most profitable company and is one of the highest volume traded stocks on NSE. This stock carries weightage of 6.78% which is the second highest market capitalization after TCS. 

On the above weekly chart, currently primary wave III is completing its course and further subdividing in 5 legs. Wave 3 of the same completed at the life time highs of 1500 (before split) levels in 2007 after that wave 4 completed its course within the contracting structure near the channel support at 1012 (before split) levels. Now wave 5 has started its course on upside which should be impulsive in nature, so this is the correct time to enter this stock in staggered fashion from medium to long term perspective to experience an impulsive segment.

??? weeks bottoming cycleis suiting brilliantly to the above chart and all the major lows are made near the same in the past. As per this cycle bottom was made in the mid 2015 and the next is due in ……. so the outlook as per this technique would be positive.

In a nutshell, cluster of evidences like channelized technique, Elliott wave counts, time cycles, moving average line indicate that the next Bull Run has begun in this stock from medium to long term perspective. Important support is placed at …. levels near the channel support, on upside we should continue to see a multiyear’s bull trend towards …… levels where intermediate wave 5=wave 1.

Happened: Reliance moved precisely as expected and gave a return of more than 77% that too in just over a year. Also the risk associated with this largecap was minimal at the time we published it.

So, which are the next Multibagger stocks that will increase your portfolio value over the years to come by strongly outperforming the broader markets?

A Multibagger is not necessarily only from Midcap or Smallcap space but if you are able to identify the stock from largecap that is on the verge of giving a breakout from multiyear consolidation it can also provide tremendous returns. The above is a classic example and no one dared to forecast Reliance thinking where will Nifty head if Reliance increased multi-fold. You have the proof now!!

Get access to “The Multibagger research report” and create your own portfolio of stocks that have potential to give multifold returns. It is a systematic and probabilistic scenario using Elliott wave, Time cycles and fundamental parameters like PE ratio.

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Dabur: Multibagger giving 29% returns in just over 3 months!

Dabur has been another major outperformer from our Multibagger research and it has given nearly 29% returns in just over 3 months. The study used to identify such stock is Time cycles combined with Elliott wave analysis.

Identifying the stock that has capability to give promising returns that too when Midcap index is way below their life time high levels is not an easy task. We use various methods to stay objective and identify such jewels that has huge potential not based on fundamentals but a strong technical structure. Dabur was one such stock which we published on 18th April in our “Multibagger research report”. The stock was trading near the zone of 345 – 350.

See yourself below chart of Dabur which helped us to be bullish at 345 – 350 levels and the stock touched intraday high of nearly 444.85 in today’s session. That is a whopping 28% – 29% return in just over 3 months.

Dabur weekly chart: (Anticipated on 18th April 2018)

Dabur weekly chart: Happened

The above research about Dabur was published on 18th April 2018 in our “The Financial Waves Multibagger update”.

(Here is a part of research taken from the Multibagger research report.)

Multibagger stock recommendation: Dabur

Buy Price – 340 – 350

Time Horizon – 1 – 2 years

Investment – 5% of capital

Target price – ………. levels

Stoploss – 250

Elliott Wave analysis: (Anticipated on 18th April 2018)

Dabur India Ltd is into FMCG sector with Market Capitalization of over Rs 61,900 Crore. The major reason to pick up this stock is that it has been into a long bull trend since 2003. The overall structure of this stock is explained below.

Elliott wave perspective: As shown in weekly chart of Dabur, from 2012 to mid-2016 prices moved higher from the levels of 92 to 316 levels in the form of primary wave …… which is more than 240% increase? After the strong Bull Run this stock was contained within a consolidation and prices drifted lower from the high of 316 levels to 265 levels in the form of wave ……..

108 weeks cycle, channeling technique: and much detailed explanation given in the Multibagger research report.

In a nutshell, various indicators like Time cycle, Exponential Moving Average, Elliott wave counts and channel technique suggests that we can expect this stock to rally towards ….. levels over next 1 to 2 years with 250 as very important support.

Happened: As mentioned prices exhibited a sharp move on upside and has performed amazingly well touching intraday high of 444.85 providing nearly 29% return in short span of time. This clearly shows even in this market when only a few midcap stocks are participating we have been able to identify a stock having potential to give amazing returns.

Create your portfolio of stocks that have potential to give 80% to 100% returns over 1 to 2 years. However, one has to take a systematic and disciplined approach and book partial profit for capital protection. Subscribe now to “Multibagger research report “ here

Yes Bank – Power of Head & Shoulder pattern, text book pattern!

Yes Bank had been a late entrant in the ongoing rally but it came with a bang! The stock rose sharply as soon as our mentioned resistance level was broken.

I do not necessarily look at only Elliott wave pattern but the orthodox technical analysis patterns like Head & Shoulder are equally important for me. Yes bank gave classical breakout above its neckline and achieved the target levels precisely as expected.

Below is the part of research from “The Financial waves short term update”

Yes Bank 60 mins chart:(Anticipated as on 20th April 2018)

Yes Bank 60 mins chart: (Happened as on 27th April 2018)

Wave analysis: Following was anticipated on 20th April 2018 morning research report.

Yes Bank has finally showed a pause in its multi-month down move which is a sign of relief. Also in previous trading session it managed to gain by 2.89%. It is now arriving near important juncture.

As shown in daily chart, (showed in actual research report) prices have completed wave (c) of Flat pattern correction near 286 levels and next leg on upside in form of wave (x) is ongoing which can take the prices towards 360 levels where red channel resistance is placed. Also its 25-periods EMA is moving along with prices which indicate short term positive reversal might be possible.

As shown on hourly chart, prices have completed wave c on downside completing wave v of Terminal pattern (Ending Diagonal). As of now prices have broken the ii-iv trendline but failed to take out the important resistance of 320 levels and is now moving sideways. Currently wave a has completed near 320 levels and next leg in form of wave b is ongoing. Also we can see an inverse Head & Shoulder pattern and break above the neckline placed at 320 levels can take prices towards 360 levels which is the post pattern implication target.

In short, trend for Yes Bank is positive. Close above 320 levels can take the prices towards 340 followed by 360 levels.

Happened: Yes Bank broke above 320 and rushed towards the target level of 360 on upside. This simply shows power of combining Elliott wave with technical analysis Head & Shoulder pattern!

“The Financial Waves short term update” is daily equity research report covering Nifty and 3 stocks providing detailed analysis using Elliott wave and other technical analysis methods. Subscribe here

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Dabur – How to use Time cycles for capturing a big swing?

Time cycles can be a very powerful method in identifying the major turning juncture. But it should not be applied alone. By combining it with techniques like Elliott wave you can get price projections more accurately.

Now look at the below chart of Dabur on which we have applied Hurst’s Time cycles. So what do you think should be the target?

Dabur Weekly Chart:

Wave analysis:

Dabur India Ltd is into FMCG sector with Market Capitalisation of over Rs 61,900 Crore. The major reason to pick up this stock is that it has been into a long bull trend since 2003. The overall structure of this stock is explained below.

Elliott wave perspective, Channeling technique are explained with targets in the actual research report.

??? weeks cycle: It is now time to look at the bigger cycle in order to understand the probable reversal areas from medium term perspective and we can observe that exactly at the cycle day important bottoms are formed. Following which prices have shown sharp rise and touched all-time high. As per 108 weeks cycle, stock has made a low at 316-levels which also happens to be the support level which was resistance earlier as shown in the figure. This shows that going forward, prices have high probability ………..

Channeling technique: Since 2012, prices are intact in upward moving blue channel and currently prices are taking support at the lower trendline at around ………. levels.

Want to create your portfolio of stocks that have high potential to give multi-fold returns? However, there are always risks associated and so one should have a very well defined stoploss and target before initiating any positions. So, what are those levels?

Get access to “The Multibagger stocks research” and see how slowly and steadily you can create your own portfolio of stocks that have potential to outperform the overall market and has high probability to give multifold return. Also understand there is going to be risk involved and one has to have a systematic approach. Know more here