Cadilahc more Downside to come!!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!!
Prowaveanalysis
HCLTECH Potential Buy Setup!!HCLTECH is giving a potential Buy Setup!! The Zig Zag Correction seems to be over with today's low made around 730 levels. I would expect the stock to go higher from here and breakout of the corrective channel that it has been in from long time. My stoploss is around 725 levels and First Targets around 950 level and above.
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Colpal Short Setup!!Colpal is looking is bearish and might go down further.. Targets for the downside is around 900 levels.
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AmbujaCement Buy Setup!!AmubjaCement is ready to go higher from current levels.. After completing the correction the stock is ready to move higher. One can go long on the stock at current levels with stoploss just around 240 for the Target of 300. Its a nice risk reward trade..
Happy Trading!!
BankNifty Long Bias!!BankNifty would go higher from current levels with first targets of 19700 and second target of 20050.. One can keep a stoploss around 19050.
AshokLey Buy Setup!!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.
Nifty Short Setup!!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!!
CESC Short Setup!!CESC is giving a short setup. The stock has been moving in an upward trend channel which is about to be broken down.. Expect a substantial correction or sideways movement in the stock before moving higher.
Happy Trading
