Dev9939

Dev9939

Stock is showing a strong momentum. It has been taking support at its 20 EMA. A formation of a Symmetrical Triangle is seen in Wave (iv) which if broken we may see a decent rally towards 2800 levels.

Dev9939

Current Structure is looking slight bullish. On a daily the stock is holding it 20 EMA. Strong support is seen around 800 levels. Immediate support is around 840 which if it holds and crosses 885 we can expect a decent move towards 940-970 levels.

Dev9939 Updated 

CESC seems to have completed 5 wave cycle on the upside. A consolidation around 570-580 would provide and important insights into the further move.

Dev9939

It has been in a broader range of 302-270 so far. On the downside 270-265 is the support zone which if broken we can see accelerated selling towards 250-245. On the other hand if it sustains above 302 we may see rally towards 325-330.

Dev9939

We completed 5 wave rally and entered a correction. As per EW guidelines after an impulsive move the corrective structure ends in the territory of Wave 4. Here we can clearly see a sharp bounce towards 9600 from the potential support zone (Wave 4). This Relief Package High is going to be a crucial pivot for the short to medium term. As long as we remain below this...

Dev9939

Reliance now seems to be in an accumulation zone. Looking at the strength and trend wave 5 may materialize.

Dev9939

Expecting a bounce towards 2080

Dev9939

Stock is facing resistance around its 200 SMA on daily chart. It is trading below its key moving averages. Expect it to go below 1200 in a medium term. View negated if breached 1450

Dev9939

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.

Dev9939

Torrent Pharma seems to have completed wave (iv) correction and now might be heading towards wave (v) which is expected to terminate anywhere between 2730 to 2800. Follow up price action from here would be interesting. Minor hurdle is around 2580 which if crossed we may see a strong impulsive move on the upside.

Dev9939

M&M seems to have completed its up ward journey. Looking at the rejection around 400 levels it is expected to come under pressure if breaks 380, which may confirm the thesis. Plan is to sell 50% around 390 and rest below 380. Initial SL would be 402. Looking for minimum 355 levels. In extreme bearish case we may even see 325-330 levels.

Dev9939

Aarti Ind. now looks in the accumulation range. Expect wave (iv) to terminate around this support level. Wave 5 rally might cross 1200+

Dev9939

On a daily the counter has managed to conquer its 200 SMA. On a 60 mins chart it seems the counter might have completed wave 4 and go for the 5th on the upside. Add on strength with SL around 755. We can expect 890-930 in a short term.

Dev9939

Sun Pharma seems to have complete a Wave Cycle on 60 mins. On a daily it is now around its 20 EMA and has formed a higher low today. Also we can expect the ABC correction around Wave 4. So overall it seems 440 is the strong support and we may get a strong bounce towards 470-475 in a short term.

Dev9939 Updated 

In a daily it’s going for the 5th wave & on 60 mins it seems we are in Wave 3 or we can label it as ABC & might try to capture Wave C rally on the downside

Dev9939

Stock is now around its 200 SMA. Might be a good candidate for Intraday

Dev9939

On 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.

Dev9939

Wave 5 is expected to terminate around 2800-2900 levels. It seems be are wave 3 of wave 5. Follow up move from here would be quite interesting.