As per my wave analysis..
Short term : Prices can go up to the Green TL, only to come back down to around 2700-3000 levels.
Medium term : Buy low at around 2700-3000 levels, when we get the reversal signals, target 5400++
Buy only on BO of the blue TL as well as prices should stay above the BO price.
Looks good stock to invest. Although it is in a DTF Correction, as soon as this present trend ( blue TL ) breaks out and stays in the up direction, we have prices crawling ( very slow movement) towards 1000+ levels first.
I repeat it is going to be a slow up move - but it looks good...
Ajanta Pharma is in a Up trending Channel. With recently touched the lower end of the same, with bounce back. Potential to touch upper end of channel.
Can Buy AJANTAPHARM above 1525 with SL of 1480 and TGT of 1620
SL is on Closing basis. Intraday Volatility should be ignored.
Monthly Resistance is at 1660 (can wait for 1-3 Months for Monthly Target to be achieved)
One can look to Buy FINEOTEX CHEM at 41.55 for a target of 46.40 and stoploss of 39.40
Please buy only around Support of 41. The Stock has broken out on Multi Time Frame Resistance of 41.45. Buy around 41.55
Go Short on RAMCOCEM as its formed bearish engulfing. AND cracked OBV shows that major players have sold the stock as it was range bound since few days.
Short RAMCOCEM at 705. Target 695 with SL of 710
Buy above 417 with the stoploss of 413.Targets are 421, 425 and 429. Sell below 410 with the stoploss of 414. Targets are 406, 402 and 398. Trading rules for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry...
On 1hr Chart
- Alligator on Downside Eating Mode.
- CCI on Bearish Trend.
- ADX on above 20 on Bearish Trend.
- Trend Line broken on Aug 8.
Status - Bearish
On EOD Chart
- Alligator on Upside Eating Mode and the mouth wild open.
- CCI on changing Trend.
- MACD on changing Trend.
- Trend Line broken on Aug 8.
Status - Neutral
As per the Multi Time-frame Analysis,...
Trend line Broken on Aug 3rd.
Spot price reversed on Aug 4th.
At Present, Candle Piercing Pattern formed and it is bullish signal.
Status = Bullish as per candle pattern.
60 Mins (1hr) Analysis
We can see the clear picture of breakout and reversal of the spot price.
Will the spot continue the bull run or bear to take control ?
in daily, price broke out with good volume, after consolidating in a horizontal channel, also BB is expanding.
in weekly, after a BB squeeze, price closed above upper BB, and BB is expanding.https://in.tradingview.com/x/fxIlBukX/
Also it broke the resistance zone after a long consolidation.https://in.tradingview.com/x/RXizbYav/
with a sl - 492, 1st tgt - 565,...
Since Late 2008 -Maruti from its low@433 had travelled almost in an explosive manner upside, giving us wave-3 which travelled 361.8% of Wave-1.
Recent Month Fall was impulsive down likely finished wave-(A) & travelling in wave-B- Once Wave B is done on Top- We shall have wave-C downside hitting in the zone 3000-3200 where it travels 61.8% distance of...