JD seems to have completed it's correction around 480 and now today given breakout from the descending triangle/wedge with good volumes
Vedanta has completed it's first correction from 277 to 218 as A after completion of five waves up. The A wave is clear 5 wave down which suggests B to retrace 61.8% atleast as A B C up.
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
Tata communications has broken out of it's recent range with increasing volumes and as per the EW view also the 3rd wave seems ON
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
OBC completed 5 waves UP and the 5th was classic ED. The stock completed it's C of A wave down at 100 and bounced as in B corrective. The C may again seek levels close to 100
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.
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...
After a long consolidation in the 4th wave which was a triangle Cairn has crossed it's previous high of 213.80 and given breakout with above average volumes. The Crude prices aiding the scrip
SRF after giving a Breakout from Triangle pattern completes it's target of 1850. Infact the stock has exceeded the target today.
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.
Triangle pattern breakout of Suntv network on Monthly charts. The upside appear huge first target 550
Silver is range bound in a trianlge pattern. A dip to 18.65-18.80 levels will be great levels to buy Silver.
Gold is in the final stages of it's impulse in Hourly charts. A dip to 1335 $ will be an opportunity to buy.
Jetairways is consolidating in a Bigger triangle since last many years. On daily chart also there is a small triangle.Wait for breakout.
A clear #3 waves on UP for Hindalco completed around 164 and in last 14 hours the stock declined by massive 17% in an impulse down. The stock has taken support aroun 138 and retracing back in ABC form.The #4th should come down to approximately 135 or so