CrudeOil would continue going higher till 47.30 levels where it would complete Wave A = Wave C if its a 3 Wave ABC correction and probably start correcting from around those levels and go lower.. If its a 3rd Wave then we might see CrudeOil keep going higher and test the 50 levels again. Details are on the chart.
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IRB is giving a good buy setup on the weekly charts. After consolidating for a long time IRB is breaking out. Its a nice risk reward trade.. Buy & Hold IRB for a target of around 350 wil Stoploss of 200.
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PCJEWELLER is opening more and more new stores which help them to gain movement in market. The fundamentals are strong. The near support is available at 415 and resistance at 460. GO LONG with pcj. If it gives breakout near before such level it create new highs for investors.
ApolloTyre has given a Breakout from its Correcting Trend Channel Indicating the upmove has started and confirmed on the upside.. One can go long the stock at current levels or on some corrections retesting the breakout levels around 170 with Stoploss around 152 and long term higher targets of around 270/290. The Third wave has just started and may or may not give...
NIIT Tech is potentially giving a reversal after an ABC correction with in the trend channel. One can go long now or upon the break of the down trendline as shown on the chart for a target of around 500.
With the recent news of merger of adityabirla Nuvo - ABIRLANUVO and GRASIM sentiments are hurt. The Big Players are getting replaced with this decision. Both the stock will go down technically, however, the business model are similar and hence will help the company as a whole. Particularly Second quarter results or Half yearly result of the merged company will be...
Arvind is giving a Buy Setup for Either a C wave move or a 3rd wave move. Short Term targets are around 325 with Stoploss around 295.
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Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
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JustDial's correction is potentially completed which also retested the breakout trendline around 78.6% fibs. One can go long on the stock at current levels with Potential Start of 3rd Wave Rally which would take the stock higher and at a faster pace. Short terms targets are around 750 and longer term targets are around 1000 levels and more. Details are on the...
Dishman Pharma has given a Breakout from its correction and has retested the breakout. It is now potentially ready for an upmove. One can go long the stock around current levels with SL just around 150 and Targets at 250.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
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BEL is giving a Buy Setup.. One can go long on BEL with stoploss around 1180 and Targets around 1375. Could give a breakout and upmove soon.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
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TataElxsi is giving a Buy Setup and is ready for a substantial upmove upon breakout. I would be buy stock around current levels with stoploss just below 1590 for a Target of 1800 / 2000. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
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ACC is giving a Bullish Flag Pattern Consolidation.. One can Buy ACC at CMP with stoploss just below 1650 and Targets around 1725/1750. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
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In BPCL we got good chance to go long in the marked zone 575-580's. I hope the recent bullrun will continue and may gap up 2mrw bcos of the GST bill. If it comes in zone I will be taking some long positions.
Hit Thumbs Up...which keeps me motivated to post more solid quality ideas...Thanks for your support !
Happy Trading !!
