Cadilahc has more downside to come before going higher. Wave A and Wave B are completed and Expecting Wave C/3 to go atleast around 270 Levels on the down side to complete the correction. Happy Trading!!
If that bullish harmonic pattern kicks upto its full potential Horse power, the Tatamotors will accelerate to 600's. A daily close above the trendline (red) will ensure that. I drew Elliott at the end of my analysis, so you may or may not use wave counts - there is no issues. We can analyse Tatamotors simply with support & trendlines. Support zone at 500's is...
Auropharma is giving a Buy Setup!! After the correction in 5 wave.. I would expect it to give an upward correction towards 50 to 61.8% fib levels. Happy Trading!!
Colpal is looking is bearish and might go down further.. Targets for the downside is around 900 levels. Happy Trading!!
Nifty would go higher from current levels with first targets around 8775 and second targets around 8900.
BankNifty would go higher from current levels with first targets of 19700 and second target of 20050.. One can keep a stoploss around 19050.
MRF is not giving any signs of reversal. One can continue holding this stock till we get the start of a corrective move. Other tyre stocks like CEAT and Apollo Tyres as posted earlier (check the attached links) can be continued to be held (till any visible reversal signs).
DHP India has been consolidating since the previous post about this (links attached). However, it seems poised for a breakout now leading to a move above it's all time highs. The SL remains unchanged.
Voltas has given a 3 wave correction in it's up trend. So it can be longed at least till the 0.27% fib.
Bharat Electronics has completed an A-B-C flat correction (refer to the link attached of previous post on BEL) and is headed for all time highs. If you missed the first long opportunity, then can enter again.
Relaxo seems to have broken out of it's downtrend and has completed an a-b-c correction. It can be longed with a stop below the 0.618 fib with a target of an all time high.
Nifty has completed a 3 wave correction down and is near the previous higher degree wave 4 low. So this should continue up for it's final move above the current ATH.
Hey Guys, {Pre-Note : If font size on charts are small you can enlarge charts by dragging up or down over price pane on the right end of chart OR Use zoom features near Bottom-middle area} This is short term trade setup, so if you have the patience to hold a stock for 1 to 3 months, then this will be useful for you. Well, even if you don't have patience keep it...
is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.
CrompGreav is giving a Short Setup breaking the trendline would take the stock lower toward the first target of 70 and probably further lowers toward 50% and 61.8% retracement levels. Details are giving on the chart. Stoploss should be just above the 89 level and can be trailed for the trade. Happy Trading!!
Waiting for Seniors Comment on this chart. Thanks.
Nifty is giving a Short Setup at current levels. After giving a 5 way decline nifty moved up in three waves above 61.8% fib in a corrective pattern which indicated that Nifty will go down further. One can Short the Nifty at current levels with Stoploss just above recent high around 8971 with targets of around 8620. Its a Nice Risk Rewards trade.. Happy Trading!!
Seniors Tech Analyst, Please let me know can we call it a Channel Breakout? Even the latest candle has just crossed 200 Day Moving Average. Waiting for the suggestions from Seniors. Thanks.