About meThese re my technical analysis, I follow them.Please do not consider this as a recommendation, but use them for educational purpose only.Consult your financial advisor before trades
PS: I am not responsible for any profit/loss you make out of my studies.
The price action in reliance is forming an ascending triangle structure and looking for a sharp breakout to 2500 range as per wave analysis in the month of July .Makes for a good Swing Trade.
RSI is looking very strong indicating heavy buying to be coming in shortly volume and also indicating the wyckoff accumulation which has happened already. It should rise...
As per fibonacci retracement and chart analysis Tata Chemicals is highly bullish and will reach targets of 790 and 801 in July.
Long in chunks for heavy profits.
Volume is also in favour of Tata Chemicals as you can see from the Vol Line Price Action.
Nestle is riding on powerful Elliot Wave 3 , with the mooning going to start immediately, its going to give its all time high and more as per Elliot Wave 3 and Elliot Wave 5. Fibo timeline suggests 19300 might be achieved by July 15. Go Long on Nestle and get reward.
PS : Maths Moves Markets, Not News , Not Fundamentals, No Speculations, Chart is the only...
Mahindra And Mahindra has formed a beautiful cup and handle and first target of 1011 can be expected by August beginning, traders can go long on M&M, and Fibo Extension levels with trend angle gives clear target of 1000+ in July.
Tata Power has already started minor elliot wave 5 , which will take it to 136, by July2-5 and 142+ by July 12-13.The strong trendline zone is acting as very strong support.
Bullishness in Nifty can even lead to an extended wave 5, leading to targets upto 150+ in July itself.
A beautiful elliot wave is formed on 30 mins timeframe. Clearly shows that the Wave 5 was the breakout and now Tat Motor will enter wave A and correction can be seen till 298-296 levels . Intraday Traders and Swing Traders can go short now.
This is my personal view , not a suggestion.