Tata Power correction has ended at 38.2 retracement level. As per the Fibonacci rule, it should touch 1.382 extn which is at 100 rs . Fundamental of this company is strong and the promoters are increasing their stake. This is only for educational purpose.
Dhampur Sugar Mills good for Long Term Investment Buy in the Range of 183 -185 Once Level Break of 186 it might go up. Target - 350 Time Frame: 6 -9 months
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...
After the EPIC 100 points move Tata Motors is ready for it's 2nd Leg. The price has retraced back to the all important 50% Fib level and bounced off from there and has now consolidated for over a week now, typical scenario before a trendy phase. One can go long as son as the upper TL breaks at 335 and expect 363 (-27 extension) as the First Target and even 391...
Buy SYMPHONY around 855 if you get for target 975 T2 1199 T3 1375 SL 809 still looking good on Weekly & Monthly timeframe
SOUTH INDIAN BANK EQUITY Levels...01/03/2021 (W Candle)
If breaks above 1346 then can rally up to touch 1450-1500 where red parallel channel will act as resistance. This will mark the completion of wave 5, if the same is already not completed. If breaks below 1277 on weekly closing and 1235 on daily closing then 1045 and 859 could be the min. targets that can be expected.
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...
Just for study purpose only and should not be interpreted as a proposition to buy or sell in any securities. Price was thrown out of channel making 15432 top now thrown under channel but only to go up. 14300-13900 reversal zone
Wave 3 or wave 5 itself seems to have completed. If it is wave 3 completion then 38.2% retracement lies at 1220. If its wave 5 completion then 38.2% level is at 1167. Price has also fallen below MA.
There is a tough moment for all of us for the past one week. In the coming week I am hoping that Nifty will touch 14300 which is a crucial support as 50 day MA is there as well as my Trendline Support + There is a RSI Divergence + Crucial Fibonacci support. Further, If Nifty 50 breaks the 14300 levels there is more hope that US 10 year bond Int. Rates will rise...
1. Intermediate wave cycle seems to have completed, and stock is up for correction, currently retraced less than 23.6% which is at 400, breaking 400 can open gates for another 13% correction till 348. Usually it should at least retrace by 38.2% levels therefore 348 seems likely. 2. Nifty IT index is weak too.
First target 23655 and if that breaks next target would be 20948 which is 0.38 retracement of the Mar'2020 rally till the top. Intermediate wave 1 to 5 seem to have completed.
Crude levels ...01/03/2021 (1hr candle)
Price may break the support due to weak broader index. Twice the stock has taken support at 242 recently after breaking out which confirms the valid breakout. 248, 260 as the first minor resistance points and then can aim for 300+
Supoort and Resistance Multi Month Breakout Buy with SL
Folks, In continuation to my Nifty update (published on 21st Feb), I'm now posting an interim update in the 15m timeframe. Things have set course into the right trajectory as I had envisaged, at a timing which couldn't have been more right!! I've labeled the Waves in the larger degree in Red. Scenario 1 - We've completed Waves A and B (Wave count marked in...