acc had finished it target for the double bottom and is likely to fall up to 1370 (78% of fib retracement) in upcoming days, so we can go for short with a stop above 1625
and target up to 1400 when the long leg doji confirms
In Concor the chart had broken the trend line with huge volume and consequently it forms the descending triangle so we can expect a fall, we can go for short sell below 360 and target will be around 300-295,
sl will be 400
the chart has shown the descending triangle pattern, if it break down we can expect a down fall
958 and it might be reversed so now get out of it
or u can go for sell below 1050 and target would be 950
guys this time to get out of holding of bhartiairtel, In recent days it shows the very small range bound pattern with strong selling pressure, in monthly it forms the reversal pattern and also it is in life time peak, so this sideway for past one month may represent the trend reversal/ start of distribution phase in telecom market, hence to advisable to exit your...
story of elliot wave in infratel,
1. we are at 5th wave of elliot theory,
the 4th wave i now end with support of 196 in weekly, so it can rise upto 280 in peak of fifth wave
2. traders can go for buy at cmp and stop loss will be below 185 and target will be 280
absolutely nifty under control of elliot wave, u might see the fibonacci levels match correctly, if it correct the next target of nifty is 10640 and there after it may see a major correction phase range upto 8800-8730!!
Traders look in to it!
comment ur ideas feedbacks, thoughts about this n below!