ParamjitMahapatro

ParamjitMahapatro

EW analysis in daily, shows that wave (iv) seems to be over, and wave (v) started. Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction. here 1st tgt - 595, i.e wave (iii) peak, if wave (v) is getting extended, then we can see higher levels - 640(.5), 680(.618).

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It is in long term uptrend. In daily, it broke out of descending channel with good volume, also price closed above upper bb and bb is expanding and reversing . In weekly, hidden bullish divergence is seen. also price has reversed from horizontal support zone. with sl - 512, tgt - 640.

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in weekly, price bounced from downtrend channel support, regular bullish divergence formed here. price should move towards channel resistance.

ParamjitMahapatro Updated 

In weekly, balpharma at strong trend line support. expecting a bounce here. sl - 88 tgt - 108

ParamjitMahapatro Updated 

In weekly, Price broke the overhead horizontal resistance, and sustaining above it, BB is quite bullish. In monthly, price is approaching towards ascending channel resistance. sl - 1530, tgt - 2020

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In daily, price is consolidating above the ascending channel support. Bounce back is expected here. sl - 246, tgt1 - 285, tgt2 - 295.

ParamjitMahapatro Updated 

in weekly, hammer formed at horizontal support also hidden bullish divergence seen in weekly, in daily, regular bullish divergence seen sl - 193 tgt1 - 220, tgt2 - 250

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in monthly, voltas is in wave 3. if we check the fractals of wave 3, then we have 2 scenarios. 1st scenario - wave (iii) of of 3 going on. 2nd scenario - wave is going on. Here i considered mar - oct 2016 rise as 3 wave. in either case, voltas got ew targets of 670+ , so every meaningful dip is a buy. Note: this post is for educational purpose

ParamjitMahapatro Updated 

In longer time frame it is in strong uptrend. In daily, it is at the support of ascending channel support. It is likely to move towards the channel resistance. sl - 248 tgt1 - 275, tgt2 - 290,

ParamjitMahapatro Updated 

In monthly, ew count shows that sub wave C of wave (2) is going on here. Here are the fractals of wave (2) in daily, fibo extension of sub wave C. . 1(1251), 1.272(1085) quite possible here. fibo retracement levels for wave (2). .382(1235), .5(1000) quite possible here.

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in weekly, hammer formed at horizontal support. in daily, regular bullish divergence seen. sl - 235, tgt - 280

ParamjitMahapatro Updated 

Its long term trend is up. In weekly, price bounced from the horizontal support. price reversed from the 61.8% retracement level. sl - below horizontal support - 180, tgt - 310.

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in weekly, aptech has a round bottom with high volume and closed above the neckline. tgt1 - 440 tgt2 - 500 (pattern tgt).

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Bluestar is in long term up trend. In weekly, price crossed the previous swing high and closed above the upper BB. After a squeeze, BB is now starting to expand. One should ride the trend here and gain the profit from the uptrend. sl should be below the horizontal support - 645. tgt1 - 810 tgt2- 900.

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In daily price at ascending channel support. It can go up to channel resistance. Also hidden bullish divergence is seen in daily. In weekly, it is at horizontal support. sl - 366 tgt - 420-430

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double bottom formed after a long downtrend, price broke the neckline and pattern got confirmed, and then price retested the broken neck line and reversed also hidden bullish divergence is seen in weekly. sl - 65 pattern tgt - 108

ParamjitMahapatro Updated 

In daily, regular bullish divergence formed at horizontal support. It can bounce to 8.50

ParamjitMahapatro Updated 

In monthly, It is at ascending channel support. So it is expected to reverse and go up towards the channel resistance. sl - 850 tgt1 - 1250 tgt2 - 1340. In weekly, hammer formed at channel support it can easily bounce to touch the channel resistance @ 1010.