Tata Consultancy Services which is famously known as TCS stock, has formed bullish harmonic pattern on daily chart. May test 2550-2600. Support seen at 2420.
Major Degree 0 to 1 This degree of Elliott Wave from 0 to 1 probably started in May 2017 @ 9341 and ended at 10136 in August. Total Points were 10136- 9341 = 795 Time Taken was 2 Months + 1 to 2 This one started in August @ 10136 and ended at 9685 in August Total Points were 10136 – 9685 = 451 which is close to 0.56% Time Taken was 10 days + 2 to 3 (In...
SANOFI looking good on daily chart. Stochastic says the stock is over sold. from the pattern perspective it may test 4100-4200 levels Soon. SL close below 3930.
NIFTY has taken support from 61.8% fib retracement which is good sign for BULLS. All set to go for a new high :)
Looks good on daily time frame. SL 2440 CB. May test 2650-2800
Last Time, we had discussed above PVR when it was 1300 levels for target 1400 & 1450 and 1500. However it went upto 1445 and missed second target by just 5rs. Now, the chart looks great again and may reach 1400 & 1450 levels. Support 1250 CB.
JKLAKSHMI looking good for long setup. Good Support levels seen and seems has bounced from the strong support zone. May expect 480 levels soon. Closing Basis support seen at 408.
Very good bounce back from recent correction. Closed at 400 on 11th August Friday. May test 420-450 levels , Closing basis support should be seen at or below 398.
Stock has taken support and bounced back. Closing basis 100 acts as support. May test 115-125.
BajajElec looking good on daily timeframe charts for long positions. SL Would be 294 On closing basis. May test 325-350 soon. CMP 306
Charts looks weak. Bearish trend might continue. All eyes on 9700. Lets hope for the best
Nifty Hourly Chart forming lower lows which shows a bearish trend. Any Close above the support with good volumes needed for the continuation of uptrend. I am still bullish on the market even the small correction happens. One should use this opportunity to get their positions at less and discounted price. This is just for Educational Purpose.
If nifty manages to trade above 10K level.. All good for bulls.
Good long setup can be seen from the chart. Support is 175 on Closing basis. May test 193-205.
Ashoka is looking good on daily time frame. May test 195-210 . SL 171 C B
Stock is over sold. Bounced from Good Support. Seems correction is over. May soon test 140. SL 129 closing basis
Seems like correction is over in this counter. We may see soon 385-400 SL 359 on Closing Basis