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DEWAN HOUSING FIN, RELIANCE COMM LTD, JAIPRAKASH ASSOCIA, GMR INFRASTRUCTURE, SUZLON ENERGY LTD, INFIBEAM AVENUES L
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Voltas is possibly at the end of minor degree of wave 2. CMP is 506 and Wave2 should end near 493-490 zone which is also previous SWING LOW. Wave 3 target is anticipated at 161.8% of Wave 1 which is 726. Wave1 has taken 2 months to form and Wave 3 would possible take 1.5 times of Wave 1 which is 66 days or 3 months approximately.
NIFTY - Does it hold 10420?
DeepInd chart is looking super bullish (could be multi bagger) on Weekly chart. CMP is 90. As long as it holds 75 which is crucial support, the chart all set to rise high. Per ElliottWave Analysis, I am expecting that it could easily go upto 150-180 range in 3-6 months time.
Whats going on in DCMSHRIRAM?
BANARBEADS - WEEKLY - ELLIOTT WAVE - LONG - SETUP - Opportunity Target 100 SL 35
10600 looks good on #NIFTY where I would be thinking that Nifty would form a base
YesBank Weekly chart. Looks like consolidation would happen at 150 - 130
#BALAMINES chart looks good for long setup. Stock has taken support at 496 which has been acting as good support zone from the past 1 year.
Phoenix Ltd looks good for long setup. Please see the BLUE horizontal line below.
SBIN Looks good for long setup.
L&T if closes above 1370, a good move is expected upto 1500-1800
Nifty should hold 10750 to resume the bull run...
JaiCorp looks like forming a Head & Shoulder pattern as shown in the image. Head to Neckline distance is about 50 points.
Looks like a flag is forming in Fortis health care...
WIPRO near strong SUPPORT ZONE. It may bounceback. Current price is near the good support zone. If holds 245 levels on closing basis, can bounce to 300 in short term.
FederalBank looks like forming the possible shark pattern. Around 70 levels, it should reverse. On the other hand, Elliottwave Wave 2(Not shown) would end at 70 level. I'd go long with 63 as SL on closing for target of 150-210 for 1 year target.
I was expecting a golden ration retracement on Nifty but surprisingly it took a U TURN at 50%. Trend look positive on short term upto 10780 levels.. as shown in the above image, upper trend line acts as immediate resistance.
NIFTY should cross 10580 for relief rally