Last Update: May 26 2024
RTTANINDIA POWER
CMP: 15.10
For the month of June, we selected RTTANINDIA POWER. This stock has shown signs of growth, making it a worthwhile choice for investors. To begin, RTTANINDIA POWER has initiated an impulsive wave on the price chart. An impulse wave often implies a strong upward trend, implying that the stock is acquiring upward momentum. The initial rise often leads to significant price increases, making it an attractive option for those seeking to profit from market fluctuations.
Technical View
RTTANINDIA POWER has just emerged from a prolonged corrective period. This phase enabled the stock to consolidate and settle, paving the way for a strong comeback. On the weekly chart, the stock is currently in wave 3. The third wave is frequently the most powerful and dynamic section of the wave cycle, with quick and significant increases. In June, investors should consider RTTANINDIA POWER as a high-potential stock with potential for substantial growth.
Disclaimer
This article is provided for informational purposes only and does not offer financial advice. Trading and investing involve risk, and past performance is not a guarantee of future outcomes. Before making investment decisions, readers should conduct their own research and consider their individual circumstances. The author and platform are not responsible for any financial losses or damages resulting from the use of this information. Get personalized advice from a trained financial counselor.
Update: Feb 03 2024
Khandwala Securities Ltd
CMP: 32.40
Khandwala Securities Ltd. is a prominent financial player that provides comprehensive broking and investment advisory services. The company operates in two primary segments: Fee-Based Operations and investment and stock operations. The Fee-based Operations segment offers financial advisory services such as mergers, acquisitions, equity and debt issue management, portfolio management, and broking. The Investment & Stock Operations segment focuses on capital market trading, investing, and speculation. Khandwala Securities Ltd., established in Mumbai, India, has established a strong presence in the financial sector, offering valuable services to its clients since 1993.
Technical View
The Elliott Wave analysis indicates that Khandwala Securities Ltd. has experienced a prolonged correction. The correction, initiated in 2008, underwent a significant revision and was extended until the end of 2020. The price chart shows a motive wave pattern, suggesting a potential 161 percent extension after a retracement.
Chart Source: tradingview.com
Update: Jan 04 2024
Kothari Products Ltd
CMP: 160
In this month’s edition of Stock of the Month, we identify Kothari Products Ltd., a vibrant corporation involved in worldwide trade, real estate projects, and strategic investments. Mansukhlal M. Kothari founded the company in 1983, and it operates in two primary segments: Trading Items including the import and export of various commodities, and Real Estate comprising investments in residential and commercial properties. Our Elliott Wave-based study reveals enticing potential for positioning investment in this varied and forward-thinking enterprise situated in Kanpur, India. Join us as we investigate Kothari Products Ltd’s potential growth and market dynamics.
Technical View
Taking a closer look at Kothari Products Ltd.’s stock, our Elliott Wave analysis suggests a promising trend. Following a lengthy corrective phase on the price chart, the stock is now starting its motive wave. The first leg, known as Wave 1, appears as a clean Leading Diagonal, demonstrating the stock’s potential for upward momentum. With the end of a probable Wave 2 retracement, the stage is prepared for the powerful Wave 3. According to Elliott Wave principles, this third wave frequently has a minimum extension of 161% when compared to the length of Wave 1, indicating a strong upward momentum.
Update: Dec 17 2023
Ashima Ltd
CMP: 19.05
Ashima Ltd. is a well-known company in the textile sector, specializing in the production and marketing of textiles and related products. Ashima has established itself as a market leader with a varied range of divisions, including denim, spinfab, dyecot, garments, and brand business. Chintan Navnitlal Parikh founded the company in 1982, and it is headquartered in Ahmedabad, India, where it continues to be a dynamic hub for textile innovation and commercial excellence.
Technical View
After a prolonged correction in the larger time frame, a short retracement is observed at the end of a motive wave. Another motive wave is expected to be impulsive. In this scenario, the price rally could potentially reach a minimum target, marking a hopeful anticipation for the journey ahead.
Chart Source: tradingview.com
Disclaimer
This article is provided for informational purposes only and does not offer financial advice. Trading and investing involve risk, and past performance is not a guarantee of future outcomes. Before making investment decisions, readers should conduct their own research and consider their individual circumstances. The author and platform are not responsible for any financial losses or damages resulting from the use of this information. Get personalized advice from a trained financial counselor.
