The daily chart of the GBP/JPY has formed a Full Elliot Wave. It is poised for a bullish correction in the form of ABC Wave. The pair is also in downchannel formation and there is a good possibility that it will go towards its upper trendline. It has also formed a morning star pattern in the candlestick pattern. So as per the above analysis,we can expect the bulls...
Disclaimer... interesting scrips.. not currently invested, started tracking the company and the stock price action recently
Disclaimer.. not invested, tracking.. not an investing/trading recommendation
on wave 4 correction after hyper extended wave 3 Disclaimer..not invested, tracking this diversified infra theme not an investing/trading recommendation
Disclaimer.. not an investing/trading recommendation
It is the price action now that will decide which support will take it above from here. Supports 267.5 and 265 T1:273, T2:281, SL:262.5
Delay in greenfield expansion at the Kakinada facility and slower de-bottlenecking at the existing Hyderabad and Vizag facilities are some lingering issues that are unlikely to get sorted out anytime soon.. Serious doubt about any topline growth possibility to write home about... although with the lifting of import alert for Vizag and recent clearance...
BLS international- After coming back on the growth visibility with a new UK contract which is the largest of all the contracts win by the company till date, and the punjab woes kind of soothed after the news that the punjab gov has allocated the receivables due to bls in the yearly budget and of that 30cr has already come in april… the correction i was waiting...
Disclaimer... invested... Not an investing/trading recommendation
Disclaimer.. not invested.. not an investing/trading recommendation
UPL in corrective wave form. Looks like forming a WXY corrective pattern - ZigZag + Triangle in Wave 4. Triangle Base at 38.2% Fib Ret Lvl. Expecting UPL to rally till 735 levels forming Wave d and then reversing upto 675 levels to form Wave e of the triangle, before brkg out.
The daily chart of the dollar index has formed a Full Elliot Wave. It is due for a correctio n in the form of ABC Wave. Also there is a possible double top pattern forming in the counter. The pair has also formed a evening sta r pattern in the candlestick. So as per the above analysis,we can expect a strong a downside in the Dollar index.
Last Update - SBIN - Butterfly in Stomach -Feeling Nervous -------------------------------------------------------------------------------------------------------------------------------------- From the Last Update 09:36 Hrs 14th June 2018 Last Price@284.80 As I suggested earlier pattern is not invalidated until 161.8% extension of CD leg which is last...