HDFC BANK good short candidateHdfc bank spot cmp 1430
Sell on rise candidate
Currently counter is trading in corrective phase , impulse wave B of corrective phase,,
Wave C might unfold from levels of 1450 or from 1490 levels,,
Wave C might extend to levels of 1250-1200..
View gets negated above 1500 on closing basis..
Head and should pattern formation have right shoulder peak around 1460-1480 levels,,
From there it might take turn towards neck line which is around 1360 levels,,
Bearish divergence on RSi,, RSI facing Resistance of falling trendline,,,
Good short candidate...
Elliotwaveanalysis
Gujarat Alkalies Flag formation and start of Wave 3Stock in flag consolidation since long time and on verge of breakout.
Long near 360-70 with Stop loss 302
Minimal target 512-15 of Wave 3 or C.
Agressive targets posted as Wave iii can be possible as consolidation is quite high
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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EWT Says: MCX Aluminium Will Come at 162 LevelAccording to EWT, the 5th wave has been almost completed. The ABC correction will start soon. As mentioned in the chart, MCX aluminium will start collapsing for the target price of 176 - 172 - 168 - 162 soon.
At present, if we see for intraday traders, then it's upward. Aluminium will touch 184 - 186 levels, and then ABC correction will start.
Astrazeneca starting 5th WaveStock moved 14% last session with 2931 stop loss we can ride 5th wave for given targets on chart
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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IFB Industries 5th wave Long near 1070-1100 SL 970 target 1700+
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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