Wave B of (2) completed. Wave C of (2) started its journey. Invalidate level: Nifty 15700 and Banknifty 35480 Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions. Banknifty update:
Tata Power Support level 105-106 Hold if breakdown sell for TGT 100
Wave C is expected either be a ending diagonal or zig zag going down in the channel as shown. Once this move is done near 15580-50 levels another big move UP will take place. Target 1 level as you can see 0.618 Fibonacci retracement near 15580 or 1.382 fib extension of Wave A. Target 2 level is 1555 is 1.618 Fibonacci extension of Wave A DISCLAIMER:There is no...
Buy with SL of 119 & look for the target of 130-135 / later 140
CORRECTION WAVE COULD TAKE IT TO 600
NOW COULD BE A START OF THE NEXT CHCLE OF ITC
With a long-run prospect, stocks look in the consolidation zone. It is consolidating in the channel indicated by the red trendlines. It is expected that the stock will face strong resistance at the level of 252. Above 252, it has to break the resistance of 315. It may retest from these levels. It will become unreliable if it breaks the bottom trendline....
super cycle degree-white cycle impulse-yellow, cycle correction-red, primary impulse-blue currently we are in super cycle degree wave 3 which is supposed to be most powerful impulse,hence as an individual one should always look to buy this stock be it for intraday,swing or positional trading as higher degree will always have bigger impact on price movement. In...