After testing everyone's patience and withstanding all the heavy selling by institutions that hold large stakes, we get a monthly closing above the 8-month resistance. Big institutions have bought in the last month. Expecting a solid re-rating from here. The results were solid as well. NGL this past month was annoying, but now we go to the moon.
TATA Power has already achieved the adjusted target as per flag pattern, if we apply flag pattern as per book rules then 567 is the target which is yet to come. TATA POWER is travelling in the channel drawn, as per that if it crosses current LTH of 464 then it can reach to 480-490 and then again make a down move towards the bottom line of the channel which can be...
ASHOKLEY (ASHOK LEYLAND) has completed distorted C&H pattern as well as retest the LTH made during 2018. With the depth of 134 points (167-33) the target is 167+134 = ~301. Intermediate targets 203 (completed), 222, 250 - keep trailing stop loss as it reaches next target. * It is not a trade advise but technical analysis shared based on my understanding of...
AUROPHARMA : is making ascending triangle pattern with lower highs and higher lows which means it can give breakout in any direction with. On lower side 1160 is the immediate support and on upper side LTH (1145) is the resistance. For long term view please refer below link :-
First target is around 104k usd (P&F) and 2nd one is around 125k usd (rounding bottom). ** This is not a trade advise but just the possible target predictions based on chart analysis.
Seems LT is in fresh cycle of Elliott wave impulsive wave on smaller timeframe. I have not seen on bigger timeframe which actually run the flow but looking at smaller cycle seems LT must march towards LTH in the waves I have drawn. Currently at the time of posting it is just starting the new Elliot wave cycle. * It is not a trade advise but technical analysis...
AUROPHARMA is already in Elliot wave cycle 3 which is supposed to be the strongest and within this it seems has completed wave 1 and 2, if this gets confirmed and see up move from here then wave 3 of wave 3 is supposed to be longest and strongest. Above 1292 the stock is going to give big targets close to 1700 and even higher post that. For short term the stock...
Buy Asian paints at 2845 with a stop loss of 2818, that must be last down move and from here it is bound to move beyond 3200 at least.. at 2845 wave 1, 2 are supposed to finish for new impulsive wave series and then wave 3 must be 360+ points at least from 2844 ** Please take any trade at your own risk, this is my analysis and sharing in case if goes right and...
A. Elliot wave - Seems to be in wave (iii of wave 5) This script seems to be in the last leg 5 of Elliot wave after spending good amount of time in wave 4 (minor correction phase), if so wave 5 need to be smaller than wave 3 length (290 points) a. It can be of length similar to wave 1 ~= 140 points target of ~540 OR b. it can be 1.618 retracement of wave 4 ~=160...
PFC seems to be in (iii) wave of 3rd wave and making new LTH every other day so with wave rules if we consider 1.618 retracement from wave 1 so it can go up to 660 followed by minor correction wave 4, the final wave 5 target can be up to 725 applying rounding bottom formation completed at 560 level. Though it is difficult to catch the top until it is...
Hi Traders, This is VAIBHAVGBL Monthly Chart. This Best time to invest for long term with small SL which is 50 Rupees. Strategy - This Power Of Stock 5 EMA Monthly Candle Note - This is only for education purpose
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Hi Traders, This is DEEPAKFERT Chart. This is Best Time to Invest for Long Term with Small SL which is less than 100 Rs. Note - This is only for education Purpose
Looks like NAM India is in 4th wave of Elliot waves which can extend till the support line i.e. are of 645-650, if the stock takes support there then seeing price action last wave 5 can cross 700, a run of ~50 points possible to capture with a stop loss around 637, RR ratio of ~1:4 19th of July is the result date for the stock so if there are expectations of good...
The IIFL Finance has formed Left Shoulder, head and Right Shoulder high. A short opportunity is after formation of wave 2 in gray and if the script gets bearish near 500 then 22-30 points short run is possible in the form of wave 3 (in gray). If neckline is broken then on retest in the form of wave 4 (in gray) then a short call can be taken near neckline for...
TCS has completed long term correction phase as well as completed C&H with depth of around 1100 points with neckline around 4041 so that gives a target around close to 200% fib retracement that is 5163. NIFTY IT index is also near to close the C&H pattern and if that happens that will pull most of the healthy IT stocks i the rally and TCS is the leader. I would...
HCLTECH seems to be in the wave 5 of impulsive phase of Elliot wave. Wave (i) of wave 5 itself is ~240 points so the wave (iii) itself need to cross current LTH of 1698 so the full length of wave 5 can go up to 1880 that is 200% retracement of previous LTH of HLTECH - 1377. This will be confirmed/supported if Nifty IT index too confirms C&H pattern. * It is not...
LICI Seems to be in the wave (iv) (green color) of wave 3 (gray color) Within this wave (iv) it seems to be running wave ((iii)) which might reach till LTH-117, if so it will complete rounding bottom pattern there around budget date, if it comes down a little around 1100 in the form of wave ((iv)) then if it moves up above 1175 it will complete C&H pattern and...