Just Dial : Bears are Dialling?Just Dial a weak stock is now in a ideal zone to initiate fresh short. Traders can look for shorting opportunities in the counter. Expecting it to kiss 315-305 level soon.
Wave Analysis
BHARTI AIRTELIt has given a triangle breakout which is suggesting 565-570 as long as it remains above 532
NIFTYIn 15mins tf its attempting to hold these levels. Above 9390 (15mins close) it could retest 9475/9550. Once that is activated a negation point would be 9350
Glaxo : TriangleOn a daily the counter is showing a strong base formation above 200 SMA. This triangle after a strong impulse is looking really hot. Won't b surprised if we see 1700 levels in no time.
NIFTY (Elliot wave)All the gaps must be filled properly before any change of trend occurs (Final One being at 8200). Till now the waves have been respected. From next week corrective waves will start forming.
Analyzing titan On an Hourly chartThe following points i deduce from the Titan chart
1) The fall from 1344 to 719 looks Impulsive
2) The fall has been retraced by 38 %
3) Although Titan can still go above , it will still be considered as part of corrective wave.
Hence to conclude
Titan is not good for investment at the present levels & let the market show the correct level to enter the trade
results are on May 5th
HINDUSTAN UNILEVERIt has activated an Ichimoku C Clamp which is suggesting a retest of 2175. View would go wrong if it trades above 2425.
