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.
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...
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
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.
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...
