at time market is too volatile. also HDFC BANK stock cross his 9-21 EMA. so stock have chances to go correction. at time no possibility to go higher high. for make profit use short position.
HDFC BANK current prise is 1492.35
possibility is go to 1472.05
its my opinion.
The stock is slowly and steadily moving towards my target of 219 which is the meeting point of curved trend line and the D point of GARTLEY pattern......the target should come on 18th October 2022 as the 100% fib.time extension falls on that date..
Sona BLW is in uptrend since IPO. 501 is 0.618 fib retracement level. If it holds 501 then
T1 : 683
T2 : 837
Trend is negated if it closes below 501 , then it may go to 411.
For traders SL is below 500 , for investors keep SL as 411. Add few at 500 , rest near 411 if get a chance (Personally I do not feel it will go near 411)
Crude in WXY double zig zag correction. Currently wave C of Y in progress.
All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge
Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too)
Looking at wave 5 of C we can...
SBIN is above key resistance levels of 512-522. It may give a good breakout above 549 (ATH). Till then it can be accumulated with a SL of 509.
For educational purpose only. Not a recommendation to buy or sell.
LT is at a good support zone. It is showing signs of breakout and retesting support. If able to sustain above fibonacci support of 61.8% (1840) on daily time frame, we can 1945 target soon.
Stock has retraced from ATH to Fibonacci 61.8% and now consolidating above Fibonacci 50% level.. can be accumulated for breakout above 1000 with SL 930.. CMP 980.. Target 1150/1330/1500
stock reached the hotspot level with multiple confluences...as many as 8.......and has been moving up slowly...makes sense to accumulate the at every dip for good targets in coming days
