Looking at first glance, I can find that 1-2-3-4 Waves have been made and 5th is running. While The secondary waves has also been seen till yet. Expecting prices to trade higher till 5th wave near 92-93 and We can see primary corrective trend A-B-C till 80 or levels.
Cadila Health Care prices are forming FLAG Pattern and prices are expected to trade higher if prices are able to break & sustain above 455 levels. prices can trade higher till its pole size. As per the pattern we can expect prices to trade higher till 555 or levels.
As its my personal view. I have seen that prices have made rounding bottom pattern and continuation pattern without correction can take prices higher till 1.618% Fib Retracement. If prices take correction from that prices may trade lower till 1.0% Fib Retracement. This is just for knowledge.
Lupin is a BUY at CMP@1470 with SL@1420 for a target of TP@1600 Lupin gets USFDA nod to market pain relief, colonoscopy drugs and also gets FDA approval for generic Percocet tablets . Lupin recently received FDA approval for generic Suprep Bowel Prep Kit and Suprep kit approval It may add 5% to Lupin’s EPS for FY18 earnings. In addition the pharma major’s Goa...
Nifty faced a Lot of resistance to touch 9000 mark, and profit booking dragged nifty to settle in negative for consecutive days, a part from this today President Trump's address to Congress is the news in focus, While the RSI is placed at 66 i.e., below over bought zone and it is showing some weakness and Stochastic is coming down from over bought zone and the...
Short Bn at between 20950-20850 with a sl at 21053 for target 20496 and lower. Time frame for this trade is really short. Within the next 2 trading days i am expecting this trade to hit either target or SL. Trade will activate tomorrow at market open. Before some wise guy calls this an against trend trade or says that it is wrong analysis please remember that...
RECLTD is close to complete 5 wave structure started in early 2016. Ideally stock should reverse in 160-165 zone. IF we look inside the 5th wave, the subwaves indicate that wave 5 is close to completion
DATE 07-01-2017 TIME 18:00 PM IST COAL INDIA FOUND DIFFICULT TO SUSTAIN NEAR FIBONACCI RESISTANCE OF 61.8% CONSIDER TO SELL AT 304 and RISE NEAR 308 WITH STOP LOSS ABOVE 311 FOR TARGET NEAR 295
Buy Jamna auto upto 150 with Sl around 127 for the targets around 200-205 (ft. XABCD pattern)
As per previous update- bounce expected between the zone 855-870- Got the hit for 867 on 15th Dec2016. What Next? If it starts falling below low@830- then likely it will indicate that it's looking for a new low below 805. Related Analysis Attached Below About Bajaj Finance- Click the links below to get the chart & load the bars to see how it moved
Jublfood is showing pattern which suggests that the correction might be complete and it is ready to go higher.. I would buy now with stoploss around 800 and Targets of 1000 and higher..
Nifty finding it diificult to conquer Gap Resistance area of 8190 spot Short at 8170-75 Spot with SL 8205 Spot ClBS
NSE:BHARTIARTL Bharti has broken below wedge pattern on a daily chart and seems to be accelerating towards 283 levels. Keep a strict stop loss of 315 and trade. Markets are volatile due to US presidential elections and you may want to take the bet after the elections, below 300 levels.
NSE:MCLEODRUSS Mcleod Russel is about to breakdown from its current levels after minor consolidation. Current trend is bearish and it is likely to continue with a momentum building on higher time frame. Trade with caution Target: 140 stoploss:175
After a sharp move breaking out the trading channels, NIFTY has seem to hit the resistance zone and is looking to test the retracements. Immediate support is the channel trend line marked in red. below it can move to test the upper channel of the breakout trendline. A breakout above 8740-45 can see it move upto 8810 on the upside. Strong swing support and downside...
NSE:EXIDEIND Exide industries is in Multiple-time frame Bullish trend and is breaking out of a flag after consolidation. MACD divergence indicates bears losing power. One can expect sudden and swift movements from this script. Profit target: 220 Stoploss: 184 Warning: 26th October is Result date for Exide. Trade with caution and stoploss.
NSE:TATACHEM Buy with A target of 610 over 4-8 weeks and with a stoploss of 525. do consult your advisors before taking trade. Sale of the urea business has helped de-risk the company from policy uncertainties Investors with a two to three year perspective can consider buying Tata Chemicals. The sale of the urea business in August indicates that the...