PADMAJAMAHESHBABU

PADMAJAMAHESHBABU Updated 

MTAR, Small cap and with good fundamentals for long term...............

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Larsen & Toubro Ltd, nearing to demand zone, good one for long term investment.........

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Asian pains, weak below 2893, it might test lower fib levels...................

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Astral Ltd, Next resistance around 2040/2082.......

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Is correction ending ? Bullish only above 17638 ...........

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Hidden Bearish Divergence This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). By now you've probably guessed that this occurs in a DOWNTREND. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.

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BANK NIFTY possible fib levels mentioned on chart.....

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Here are the main Elliott wave rules for ABC expanded Flat corrections: The expanded flat correction pattern subdivides into 3-3-5 internal wave pattern. Waves C tends towards 162% the length of wave A. The flat correction wave can appear in any corrective position. An flat correction wave will usually target the 50% retracement level of the previous move.

PADMAJAMAHESHBABU Updated 

TRADE AS PER YOUR ANALYSIS ALSO......

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STILL 5TH WAVE LEFT IN EW,,,,,,,

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CAN BUY AT TREND LINE BREAK (A ,C)............

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FUNDAMENTALLY GOOD STOCK.... PROFIT BOOKING HAPPENING...... BUY AROUND THE RANGE, AS ON CHARTS. DO YOUR OWN RESEARCH ALSO.......... PLS LIKE ,IF YOU LIKE CHART...........

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SEE CHART FOR TARGET........... PLEASE TRADE ON YOUR OWN RESEARCH..... Please give comments ... STILL AM A LEARNER.................

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WHAT IS NEXT ? UP OR DOWN ? NEED STRONG DOUBLE FOOTING NEAR 149.50, BEFORE LONG ? REACHING SHOULDER TARGET NOW..........NEXT H TARGET ? ONE OUR CHART SHOWING INVERSE HEAD AND SHOULDER ALSO.

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NEED BREAKOUT WITH HIGH VOLUME.............

PADMAJAMAHESHBABU Updated 

REASONS TO TAKE LONG: 1. TAKEN SUPPORT AT 50 DMA. 2. SEEN SIGNIFICANT BULLISH ENGULFING PATTERN. (SERIES OF 5 RED REAL BODIES ARE COVERED BY ONE REAL GREEN BODY,THIS CLEARLY TELLS THAT BULLS ARE AGGRESSIVE.) 3.INVERSE HEAD AND SHOULDER : RIGHT SHOULDER IS HEADING TOWARDS NECK LINE. IF BREAKOUT HAPPENS WITH HIGH VOLUME THEN TARGETS AND STOP LOSS ARE AS IN THE...

PADMAJAMAHESHBABU Updated 

SEEN EW 4 AND HEAD AND SHOULDER . TRADE AS PER YOUR OWN ANALYSIS................

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POWER GRID EX DIVIDEND DATE 2ND SEP. TARGETS ARE IN CHART TRADE AS PER YOUR OWN ANALYSIS................