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Elliott wave forecastNifty IT index is ready for a bounce of an X wave followed by completing of A,B & C , Patten and Move towards complex correction . Bounce of minimum . Green to yellow line ( as mentioned above picture Fibonacci retrcment) .max to max bounce of 37100. Make long position in IT index as per SL of 27700 Risk 2.20% on down side Reward 15.73% on up side (positionly view till 1 month) Disclaimer: It's just an analysis of correction Patten on my view I can be wrong , i have writte to be wrong , use this analisyes on your risk appetite ,your capital caapcity. Thank-you 🙌
NSE:CNXITLong
by ankit00089
1
AMARAJA BATTRIES looks bullish. Risk involvedAMARAJA BATTRIES looks like stocks has completed its current wave2 and resuming its wave3 rally. If so a great rally may be seen on the charts of AMARAJABAT. Current Price 578.00 around. View here is of personal nature and not a recommendation to buy or sell in security. Investment in shares are subject to market risk. Please consult your financial advisor before entering into positions. Risk involved here is the risk of capital involved.
ALong
by NANARKAR
3
POWER GRID LTDPlease strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising. It has recently touched the Monthly High TL. The downside reversal is confirmed by a Bearish Wolfe Wave. May be in short term it may bounce till 198. But better avoid until and unless no clear breakout is seen. Rest all updates will be given in the update idea section Chart & Analysis By - ADARSH DEY
NSE:POWERGRIDShort
by AdarshDey