IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction.
Happy Trading!!
INDHOTEL weekly charts is setting up well.
On close above 110, it can be a good long candidate in my view.
Ideally, I would have to liked to buy 90-92. But it didn't show up in my scan then. :|
PRAKASH INDUSTRIES is heading towards a resistance zone on the weekly charts near 65-68. A break-out above this zone, will be interesting candidate for long.
For now, watch mode.
Above the resistance zone, will initiate longs.
Multiple lows near 70 zone. Last week, price showed early signs of buying interest. Today there seems to a good buying interest. A TLB on the weekly chart, can be further indication of price wanting to move up.
I'm long with STOP below 70. So, I'm biased that way.
Price seems to have broken out above the zone of 100.
I'm expecting a move up from these levels to retest prev swing highs. Let's see how it plays out.
Below 80, long view is negated.
We always find what to trade.... I got something what not to trade.
think different make sense.
find another stock to invest as well as trade.
dont waste time and money on this stock.
As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle.
What makes it special is-- there is a good inverted Head and Shoulder price pattern (S-H-S) in last leg.
Breakout is above 54 - 58 zone targeting 130+++
Tata Steel prices may form "Symmetrical Triangle" which could take prices to trade higher till 425-430 by next month. prices may take immediate support near 375-370. Price have also form "Bullish Divergence" which also supports the prior view.
Axis bank, Price in axis bank has been falling since 640 or levels and corrected almost 30% from its recent peak. prices may trade higher till 540-570 but only after trading and sustaining above 460 with immediate stop loss of 420.
ICICI, we have seen that price are trading in strict range between both the bands. Price are likely to trade higher till at least immediate resistance of 270. One can take risk because It has also seen Positive Divergence in stock.
Discloser : trade on your own risk
ITC, One of the biggest FMCG in India. Prices have form Bullish divergence and it is expected to trade higher atleast till 260-265 levels. Moreover, prices might also form "W" or "Double Bottom" pattern which indicated that prices are expected to trade higher till 260 or levels.
Disclouser: Trade at your own risk.
Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would...
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!!
TV18Broadcast is at the lower trendline support rite now.. Its time when it will either bounce back and go higher or break down and go lower from here..
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.
Happy Trading!!
If that bullish harmonic pattern kicks upto its full potential Horse power, the Tatamotors will accelerate to 600's. A daily close above the trendline (red) will ensure that. I drew Elliott at the end of my analysis, so you may or may not use wave counts - there is no issues. We can analyse Tatamotors simply with support & trendlines.
Support zone at 500's is...
ARVIND - has given a nice break-out on weekly TF on good volumes. This is sign of strength and the stock is likely to rise further in the weeks/months to come.
A retracement to 360-370 (wishing for it), can be a nice entry, with a long term view on this stock. I don't know if the market will oblige as of now. Let's see what happens.
