MGL is at resistence around 1060 on daily chart. Should get some red ticks.
Super bullish chart from HIL
AS YOU CAN SEE IT IS RESPECTING FALLING WEDGE PATTERN ONCE LOWER TRENDLINE IS BROKEN ON CLOSING BASIS TARGET FOR SHORT IS 2015 BUT REMEMBER IT MAY KEEP CONSOLIDATING BETWEEN THESE LINES SO NOW LOWER TRENDLINE IS TOUCHED IT MIGHT GO UP TO UPPER LINE GOOD LUCK NOTE: TRADE AT YOUR OWN RISK
INDIGO LOOKING FOR DOWNSIDE MOVE TOWARDS 1440-1420-1400 SELL ON RISE WILL BE GOOD FOR COMING DAYS TILL TRADING BELOW 1510
ICICI Bank Daily chart finds a confluence of 2 different bearish pattern. First the pattern is Negative Divergence with Divergence Count 3.This implies that there is potential in this pattern to work and maybe drag prices on the downside. Second is a pretty clean Shooting Star pattern. So essentially, we are looking at two bearing pattern confluences together...
Is the wave count correct? i am not good with EW infact very poor. please correct me where i went wrong :)
i can see more upside once it closes above 429.5 EOD, can expect 10%
Pull back may come in the next week
Next week,can we see 320...
I can see more upside in the next week...
No fresh longs, wait for proper direction