Ceat chart is showing a Beautiful -WW chart pattern and also completion of 5 waves up.
Aggressive trader would have initiated the shorts with hedge while safe traders can wait for the stock to close below 10 or 20 ema
Jet air seems to have broken down from a triangle after the stock broke out of the multi week multi month triangle on the upside.
The lower trendline of the previous triangle may act as good support.300-320 seems good buy price
Vedanta which started it's journey UP from low of 58.15 on 12th February 2016 seems to have completed it's 5 waves UP at 233.70 on 11th November 2016.Nine months upside covered distance of 175.55.
The stock is now doing it's corrective wave A.
PNB seems to have completed it's five wave impulse up.
A break of 140 confirmed the -Wolfe wave in action and initiation of shorts.Next support is at 134 and a Break of which will signify further slide to 128-130 levels as a part of corrective downmove
IDFC bank is one scrip which has doubled in only three months.From a low of 44 on 24th June to 83.40 on 28th September the scrip made a double top on 29th september at 83.40 and corrected to 72.80 on 7th October.
Again made a double bottom on 13th Ocotber with a low of 72.80 and resumed uptrend.
The stock breaks the sloping channel and yesterday closed above it's...
PNB appears to be on the verge of completing it's upmove that started around 69.30 with a Double bottom.
Last high made 150.55.An upmove of close to eighty one rupees.Will wait for confirm signals before going for shorts.
the stock is retracing it's previous fall from 453 levels to sub 300 levels.
The corrective wave c of B is ON.
We should avoid any longs at present and wait for the correction to complete.If our study is right we will soon get opportunity to short the stock around 425 levels.