The Stock has shown a zig zag ABC correction on 60 min charts with 5-3-5 legs of ABC which is generally the end of a longer leg. The C wave has given its 5th leg and in my opinion, it is completed. A trade to go long with 69.40 as a stop-loss and 79 and 81 as targets give a risk/reward at 1:4 and 1:5 respectively. CAUTION ADVISED, STOPLOSS IS YOUR GOD AND YOU ARE...
ADANI TRANSMISSION BROKE OUT OF A SYMMETRIC TRIANGLE AFTER MORE THAN A MONTH OF CONSOLIDATION. I RECOMMEND TO BUY WITH A STOPLOSS OF 119 AND TARGET AT 155. RISK: REWARD AT 1:2.46
KARUR VYSYA HAS GIVEN EARLY SINGS OF BREAKOUT FROM A WEDGE WITH DIVERGENCE ON STOCHASTICS. CAUTION ADVISED, STOPLOSS IS YOUR GOD AND YOU ARE HIS SLAVE.
