Sun Pharma Wave Analysis updateMinor five waves of bigger wave 1 has been completed, shall be followed by correction for the given targets.
Sensex
Viewer's Query : Amrutanjan @ 339 || 29-May-20 || 01-HRAmrutanjan @ 339 || 29-May-20 || 01-HR
- Is it preparing for an upward level ?
- Let see the price action - BUY once it crosses 347
- Only caution is MACD - so watchout how MACDline functions till the time breakout comes.
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#NSE #Nifty #Nifty50 #Sensex #NiftyBank
TataMotors - BreakOut PossibleCup and Handle formation in Tatamotors
If Sustain above 96.3, one can long for a target of 102.7/108
Disclaimer: Still learning and these are my views, do your own analysis before trading
Reliance - Inverse Head & Shoulders - Potential Target of 2120It is quite evident, that if NSE:RELIANCE clears the over head supply zone then it can potentially reach 2120 levels.
Sensex With Head $ ShouldersSensex had formed an Head & Shoulders pattern which even retested the resistance and is falling down , A good sell Trade👍
Avanti feed to watch around 275If price hold for 275 on weekly basis then its a buy with sl below 250.
We will keep posted about the levels
Extremely bearish in Atul ltd. 1200 possibleAtul ltd looks strong bearish due to price and RSI making a negative divergence.
Another reason is supply and demand.
Both technical and fundamental reason is too weak to support this.
J.B. Chemicals & Pharma | IH&S Pattern Spotted.- JBCHEPHARM formed an IH&S pattern in continuation Bullish Run.
- Usually this pattern occurs when market bleeds and shows the reversal signs.
- This pattern can formed in continuation rally, which shows the momentum is good with the stock.
- I'm adding some buy bid here and laddering them till the neck line.
- Keeping stop loss below the formed shoulder and target = height of head.
Good R:R Here.
Deepak nitrate will retest its level of 320.Deepak nitrate looks exhausted for further upside move.
We believe price will come down to 300-325 level where a buying will start.
ACC LIMITED | ADAM & EVE Pattern Spotted- ACC Cement is forming a reversal pattern.
- This pattern is ADAM & EVEN Pattern.
- For any pattern formation there neckline plays very important role because that level decides that the pattern is going to play out or not.
- Will Buy once it closes above the highlighted zone which is neckline and breakout confirmation.
- TARGET = Height of ADAM from neckline.
- Stop Loss, Will use wide stop loss and add more if it retest the highlighted zone will keep 1-2% SL from the highlighted zone.
After 90% fall from top it looks positive. Mother son sumi has fall almost 90% from top.
The company fundamental is still strong and it wll be.
Short term impact has destroyed the price in past 2 year.
Target only for our paid members.
Keep sl below 47
SBIN Intraday - 6 mayBuy - 173
Target - 175 , 177 , 181 , 184
Sell - 169
Target - 166 ,163 , 160 , 157
NESTLE will fall around12000.-ve divergenceA negative divergence in price shows a big correction of 30-40% will happen.
Price will settle down after correction for long term move.
Bajaj finance can easily go below 1000 or even 800 Alert!... Bajaj finance making continuous
Lower low as well as a negative divergence in stock price.
We can see the level of 1000 or below in coming 6 month.
Any pull back will be a bear trap so don't buy it unless price got settled.
Dmart can come down to 1000 or belowDmart forming continues negative Divergence.
Price will start falling if it can't hold the high if 2500-2400.
Trade with stop loss.
Once close below 1700 it will easily fall to 1000 or much lower level.
SENSEX Recession Chart Bear Market Layout - Elliot WaveSENSEX Recession Chart Bear Market Layout - Elliot Wave
Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession,
As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash.
I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000 level as shown in chart.
also 33000 level is also good to enter short or exit market.
bosch retesting trendlinebosch is near the downtrend trendline support line there are two possibilities it can break the trendline and t=entered in the channel or touch the trendline and fall after retest.
further analysis will be posted after watching how its performed near the trendline for more future info follow. I will update after getting more info on the chart.
INUDUSIND BANK: Roadmap to full recovery by 2024During the 2007-2009 recession, INDUSIND BANK lost stock price lost 80% of its value.
Currently, the share is down 88% from its ALL-TIME HIGHS.
Things will get a little bad for both the economy and the stock market before they start getting better. But, we shouldn't overlook the highly oversold banking stocks.
Create a plan to add small chunks of banking stocks such as INDUSIND BANK in your portfolio over the next 8 to 14 months.
I have already bought INDUSIND bank at 295 two weeks ago and my plan is to keep buying the dips and hold for the next 5-6 years.
200-320 is a Buy zone for Indusind Bank with a target of 2000 by 2024.
