Jindal Steel Bang on! 2 Best Indicators you cannot miss!

Sometimes simple price pattern along with price indictors and Volume Profile creates wonder if one combines it together! See yourself how we identified such a massive move in Jindal Steel. Check out how we accurately predicted on the possible up move on Jindal Steel which has rallied and achieved our target in just 1 trading session.

We published about Jindal Steel in "Vayu Short Term Update" on 13^th September 2024 which our subscribers receive pre-market. Check out below the detailed research report that we published.

Jindal Steel Daily chart anticipated on 13^th September 2024

Jindal Steel Daily chart with Volume Profile anticipated on 13^th September 2024

Wave analysis:

In the previous session, Jindal Steel gave a gap-up opening and gained more than 3.90% with a rise in volume reflecting increasing bullishness in the underlying. Since 9th Sept, prices have not given a close below the previous day’s low which suggests escalating buying pressure. Currently, Bollinger Bands® are widening and the prices are trading above the upper band indicating increasing volatility and strength of the trend respectively. As per the volume profile, prices have taken support at 934 levels and bounced back on the upside. Now next hurdle is near 1030-1040 levels. In short, the overall trend for this stock is bullish.

Key Resistance – 1040

Key Support – 980

Trade setup for intraday future – Long positions can be created above 1015 levels with the targets of 1022 followed by 1030 and stoploss of 1007 levels.

Trade setup for Positional Futures – Long positions can be created above 1015 with TGT1 1030 TGT2 1050 and stoploss of 995.

Trade setup for Options – JINDALSTEEL 980CE BUY ABOVE 40.5 SL 33 TGT1 46 TGT2 52

Jindal Steel Daily chart happened on 16^th September 2024Happened – The stock has moved as we anticipated. Prices showed a rise of more than 3.7% and not only achieved targets of 1040(spot) but breached above it and made a fresh high of 1049 in today’s session. We successfully captured a up move and target was achieved in future and options segment as well!

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Hindustan Unilever: Price targets using Elliott wave!

We published about Hindustan Unilever in August 2024 and predicted a possibility of good returns in the upcoming trading sessions in our Monthly Research report. Check out the research we had published on 22^nd August 2024. 

Below is the chart which shows a detailed analysis of Hindustan Unilever which helped to derive targets of 2950-3000 using Elliott Wave technique. We recommended this stock when trading near 2780-2790 levels and successfully caught the up move within just 12 trading sessions. 

Hindustan Unilever Weekly Chart (Anticipated on 22^nd August 2024) 

Hindustan Unilever Daily Chart (Anticipated on 22^nd August 2024)

Wave Analysis on 22^nd July 2024:

FMCG Sector has seen strong rally since 2003. This sector has continued to show strong rise in the month of July 2024. Earlier, Hindustan Unilever was stuck in a broader range. In the previous month, Hindustan Unilever was moving in Triangular pattern and it has already given a breakout of it. Once we have achieved additional breakout confirmation in form of follow up buying then we can expect fresh highs to be made in this stock.

As per wave perspective, stock is moving up by following classic Elliott wave theory. Wherein, wave (4) completed near 2200 levels in April 2024. Now, we are seeing rise in form of wave (5). 

On the daily chart, the short-term trend of Hindustan Unilever is on a positive side. It is advisable to buy the stock on dips to achieve a more favourable risk-reward ratio. Prices continued to trade above the Super-trend indicator, which confirms our bullish trend in the underlying. Nearest support to watch out for this stock is near 2600 levels. ADX is trading above 25 with an increase in DI- suggesting increasing positive momentum in the underlying.

In Nutshell, trend for Hindustan Unilever is bullish as the price has closed above the resistance levels 2750 levels. For better risk-reward, it is advisable to buy the stock on dips to achieve a more favourable risk-reward ratio with the targets of 2950-3000 levels, scenario will be invalid if price closes below 2600 levels.

Hindustan Unilever Daily Chart (Happened on 11^th September 2024)

Happened: Post recommending this stock, prices moved as expected, stock showed a good rally and achieved our target 1 of 2950 levels. In today’s session prices made a lifetime high of 2950. This up move of more than 8% we have been able to capture with the help of Elliott wave, along with price indicators. 

For now, trend remains positive for this stock. One can use buy on dips approach to ride the trend as long as 2820 remains intact on the downside. 

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ADSL: Combining Rounding Bottom with ADX

It is possible to capture massive stock moves using price patterns along with simple indicators like the ADX (Average Directional Index). 

We used these 2 indicators on ADSL and captured a massive 22% move in just 4 trading sessions. It's impressive how combining these simple indicators with price patterns can pinpoint momentum stocks for short-term trades, leading to substantial returns. 

We published ADSL analysis in "The Financial Waves Short Term Update" on 02^nd September 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.  

ADSL Daily chart as on 02^nd September 2024: (Anticipated)  

Wave Analysis as on 02^nd September 2024:  

ADSL showed sharp rally in the previous session of more than 11% in a single trading day! the stock has formed a rounding bottom pattern. Price has closed above 254 which confirms breakout of the said pattern. On the hourly chart, ADX is suggesting strong momentum can continue in this stock as it is showing readings of 30.74 which is above 25. For now, one should use buy on dips approach to ride the trend. 

Key Resistance: 290 

Key Support: 250 

Strategy: Use dips towards 260-262 as a buying opportunity for a move towards 285-290 levels as long as 250 holds on the downside. 

ADSL Daily chart as on 05th September 2024: (Happened)  

Happened: 

The stock moved as we expected. ADSL has given a breakout of Rounding Bottom with huge volume which was a bullish sign. After a dip, prices moved up as we anticipated and it has achieved our target and moved way above it and made a fresh high of 319.9 levels which is more than 22% in just 4 trading sessions from our mentioned levels.  

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Multibagger Stock: Voltas Ltd up by 44% in just 4 months!!

We published about Voltas Ltd in April 2024 and predicted the possibility of Multibagger returns in coming 1-2 years. Check out the below research we had published on 23rd April 2024 itself – 

This stock has managed to hold its gain and gave more than 44% returns in 4 months of span and made a life time high of 1828 levels. 

Voltas Ltd Weekly Chart Anticipated as on 23^rd April 2024

Multi bagger stock recommendation: Voltas Ltd

Buy Price – Buy at CMP 1390 more on dips

Time Horizon –1 to 2 years

Investment – 5% of capital

Target price –??

Stop loss - ??

Anticipated as on 23^rd April 2024 – Elliott Wave Theory:

On the weekly chart, stock gave a breakout of previous swing high as prices have given a close above 1347 levels. Also, 50 and 150 period Exponential Moving Average (EMA) has shown a bullish crossover at the start of February 2024. Since then, stock has shown a good rise. Previously, similar bullish crossover was happened in the year 2014 after which we saw a good rally. Similarly, we can expect a good momentum to continue in this stock. As, wave theory, price action and indicators all are in sync and suggesting the same thing. 

Voltas Ltd Weekly Chart Happened as on 4^th September 2024

Happened– The stock has been moving in sync with our expectations. After an initial dip, the stock has shown sharp rise on the upside which is overall 44% from the lows in just 4 months of span!!! It has touched its fresh record high near 1828 levels recently and currently it is quoting near 1787 levels. The overall up move has been strong and we expect prices to achieve its target of.....levels in coming months.

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CYBERTECH: Combining Cup and Handle with Ichimoku cloud

While trading the market it is important to understand the behavior of the market. Simple strategies like price patterns can be combined with Ichimoku Cloud to achieve powerful results and we can predict price moves in stock with high accuracy. Check out how we recently identified one such breakout in CYBERTECH 

We published CYBERTECH analysis in "The Financial Waves Short Term Update" on 30^th August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published. 

CYBERTECH Daily chart as on 30th August 2024: (Anticipated) 

CYBERTECH Hourly chart as on 30th August 2024: (Anticipated) 

Wave Analysis as on 30^th August 2024: 

CYBERTECH showed sharp rally in the previous session of more than 13% in a single trading day! The stock has formed a cup and handle pattern. Price has closed above 218 which confirms breakout of the said pattern. On the hourly chart, ADX is suggesting strong momentum can continue in this stock as it is showing readings of 49.24 which is above 25. For now, one should use buy on dips approach for better risk reward. 

Key Resistance: 250 

Key Support: 215 

Strategy: Use dips towards 225-227 as a buying opportunity for a move towards 250-255 levels as long as 215 holds on the downside. 

CYBERTECH Daily chart as on 03rd September 2024: (Happened) 

Happened: 

The stock moved as we expected. CYBERTECH has given breakout of Cup and Handle with huge volume which was a bullish sign. Stock opened gap up in the previous session, and the stock has achieved our target and moved way above it and made 52-week high of 293 which is more than 30% in just 2 trading sessions from our mentioned levels. 

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