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
Looks like a channel breakout. can reach 10600. All are SPOT prices.
Multiyear breakout on @ASIANHOTNR. May hit 300 soon
Resistance broken. Up 15% today. may reach 65 levels. Per EW, 3 wave is in progress.
10730-10770 looks possible on Nifty
Anantraj - Possible Shark pattern. Can expect 140 Soon.
Expecting 215-220. SL Closing basis 173
As long as 193 which was last low safe on closing basis, PowerGrid may hit 235.
Only for information, education, and analysis.
As said in earlier post 10500 done. Markets corrected and looks like formed a bottom at 10260-10250 levels. A close below 10230 would be considered as reversal. Markets may see another life time high in couple of weeks. Anticipating 10700 for now.
HMVL looks like formed a butterfly harmonic pattern. can test 280 SL below 256.