As we can see there has been a resistance level of CDSL at 1587,
Wherein If it gives closing above it we can expect it to make a new high and give a return of approx 17%.
Which we can target for 1884.15
Also if it doesn't give a breakout we can estimate it to be near 1437
Looking at the successful completion of wave 4 at 16782, we can expect a beginning of wave 5 for a target of 19776.40.
So we can expect a growth of 18.11% from the low of 4 the wave
Also below level are needed to be followed on a closing basis:-
Level 1:- 17450
Level 2:- 17964
Level 3:- 18597
Final Level:- 19776
Level 3 also gives a confirmation of,...
Dow closing above level 35683 and if sustain we can say that it can move further for target of 42240 while following below levels and considering it Support and Resistance.
Level 1 35683
Level 2 37960
Level 3 40448
Final Level 42240
Level 1 35084
Level 2 33562
As we can see #mothersonsumi system has formed an inverse cup and currently forming a channel where we can expect few levels for a short-term period.
Below is the level
Level 1:- Closing and Sustaining above 221.95
Level 2:- 230 (Once this target is achieved we can expect a shortfall followed by a small bull run)
Also, the indicators are showing a good buying...
As we can see from the monthly chart of #BSERealty, it is creating a cup pattern and is projected to break a 10-year breakout by periodically breaking each level. All levels are resistant until they are broken, at which point they become support. Below are the levels
Level 1: 2861.17 (Done & Current Support)
Level 2: 3647.10 (Current Target and Resistance)
As we saw in previous chart it break all the resistance level and made an all time new high so changing the wave counts and considering the end of big wave 1&2 @ 15469 & 14173 respectively,
So If Nifty closes above 15954 and sustain then we can see a rally for 16352 which will be nifty's all time high
SBIN seems to be in Big Green rally
As it has completed wave 1 at 428
wave 2 be expected to be ongoing
wave 3 target would be around 596
Followed by wave can go below till 428 which is the main support for it or it can bounce back at 490
For a target of 767 if it crosses 661 and sustains NSE:SBIN
Escorts appears to be a sensible purchase as a larger wave 1 & 2 has completed, indicating that there will be a substantial rally in the uptrend, leading to a goal of 2415.55 if it breaks all of the targets listed below.
The targets for a strong positional investment during the next 200 days are shown below.
1st Target - 1486.20
2nd Target - 2054.70
Since the NiftyPSU is on an uptrend, looking at the waves indicates that it will be a smart buying as wave 5 has just begun.
Below are expected resistance levels
1st Resistance level at 2497
2nd Resistance level at 2667
3rd Resistance level at 2741 (Breakout level)
It can provide a target of 3067.