Titan is in long term bullish trend and making new highs. It saw correction and after taking support at upward sloping trendline it has resumed its upward trajectory. One can buy around 3268 with stop loss of 3210 and target of 3350.
Sun Pharma is in bullish trend and after correction it has taken support near 1117 forming a doji candle and also on RSI taken support near 40. Now again started its up move. On weekly and monthly charts it is uptrend. Looks favorable bet for one to go long. Buy around 1133 with stop loss 1118 and a target of 1160
Tata Power rallying from 217 to 276 it saw correction to 254 levels and taking support near our Kinjun level. All Ichimoku elements are in favour of going long. One can buy around 261 with stop loss at Kinjun 253 and target of 276
Asian Paint is in Bullish trend and after ralling from 2700 to 3568 it retraced around 3155 which is 50% fibonacci level and now again started moving in its trend direction. It is continuously moving up in last 5 sessions even though Nifty broader index is drifting down. Once can buy around 3310 with stop loss 3180 for target 3500
Bank Nifty rallied for around 2000 points from 44000 to 46000 and then making a double top it retraced 61.8% fibonnaci level and it seems it has found support there and bouncing back. If closes above 45000 then one can expect a initial target of 46000 and higher.
DLF is in bull phase and after rallying from 360 levels to 520 levels it saw a pull back to 480 levels and from there it made a high of 540. It is seeing some profit booking and one should accumulate this stock on dip with stop loss of 503 on closing basis for target of around 570-590 level. This is for sort term postitional call which may go for few months.
Tata Motors is in a bull trend and also Auto sector is in bull phase. After rallying from 450 to 665 it saw some cool off period and now again starting its uptrend. One can buy around 640 level for a initial target of 665 with stop loss of 623.
AU Small Finance was in uptrend and made high of 792 and saw correction till 696 levels and now making higher lows and also took support near Kinjun area. Prices are above 9 period moving average and if closes above 746 then it can see fresh longs from that level. Also it has been under performing in the current rally and expecting it to start outperform in near...
Polycab India is in a bull trend on daily charts. After making a high of 5333 it retraced back till 4849 and now after taking support there it has started again moving in its trend direction. It has taken exactly taken support at Kinjun and have potential of making new highs. One can enter at around 5129 with stop loss of 4912 and target of 5333. After crossing...
Hi, am strong follower of Elliot Wave as it predicts trend of the market. Recently it has completed its 5 impulse wave and is now completing its 3 correction wave. Currently it has completed it 1st correction wave (A) and now in process of completing 2nd corrective way (B) which has a target of 41,000. One should go long in Bank Nifty with a target of 41,000 and...