Nifty has completed a 3 wave correction down and is near the previous higher degree wave 4 low. So this should continue up for it's final move above the current ATH.
Long near 244-243 with a stop below 241 offers good RR for a bounce in this counter.
Bullish on holding 8700 support, bears will get active below 8660 for a move towards 8600. sustaining 8722 then momentum on upside for 8800/882
We are about to reach strong support zone in Ashokley and bat pattern is about to complete in the zone, I'm expecting the market to move up after bat pattern completion. Actually today GST bill is about to get passed, for Nifty - Gap down possible, for ashokley gap up bcos lesser tax for auto sector. Its just an info, so keep a note of it and have this pattern in...
one can start adding long with sl support are 8750-8700-8540 must close above 8770 for upmove
trend line support Nifty continue to hold gann trendline
Today, the price action breaks above the downward trend line, indicating bullishness. It is signaling that bulls are back in control of the price action. Good time to enter: Target: 95 Stoploss: 82
Today, the price action breaks out from the flat consolidation with high volume indication buyers comeback and a beginning of new bullish wave. Target: 60 Stoploss: 48.50 Duration: 3-5 days
On monthly chart, it is been observed that the price action formed a bullish cup-handle pattern that indicates continuation of trend and further upside movement. It is a great opportunity to invest in this particular stock at current price levels to gain more than 55% returns. Target: 67 Stoploss 29 Duration: 6 months
The price action that was trading in a downward trendline has now finally breaks out from the downward trending line, indicating high buying pressure and bullishness. Target: 197-200 Stoploss: 175
ApolloTyre has given a Breakout from its Correcting Trend Channel Indicating the upmove has started and confirmed on the upside.. One can go long the stock at current levels or on some corrections retesting the breakout levels around 170 with Stoploss around 152 and long term higher targets of around 270/290. The Third wave has just started and may or may not give...
There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP. Target: 3280 Stoploss: 3070
Wipro is at major confluence point 1. Long Term Trendline from 2008 2. Forming Double Bottom @ 475 3. Downward Bullish Trendline
Today, the price action took the prices to the previous support level of 47.45 where the buyers entered in the market and took the prices up again to close to day's open. It formed a bullish hammer that indicates rejection of lower prices and high buying pressure. To confirm this formation we shall see a green upside candlestick aiming to reach 53 levels which is...
NIIT Tech is potentially giving a reversal after an ABC correction with in the trend channel. One can go long now or upon the break of the down trendline as shown on the chart for a target of around 500.
USDCAD is giving an ABC correction and I would expect it to rise towards 1.3400 level as Wave C of the correction. Details are on the chart.
Bullish flag breakout thats what we have in BankIndia (Bank of India). When we look at the chart it looks like early breakout and easily it cud have moved within flag zone for few more days. Just above the flag prev resistance zone 113's-120's but breakout patterns carry huge momentum with them but Nifty doesn't make newer highs which makes us think whats gonna...