SirajHudda

SirajHudda Updated 

IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction. Happy Trading!!

SirajHudda Updated 

BankNifty is reversing after giving an ABC correction... It could very well turn out to be a Wave W of larger correction but for now BankNifty is reversing and is giving a Buy Setup for a Target of around 18750 and 19100 with Stoploss just below the recent low around 17575.

SirajHudda

Nifty moved up for Wave B and is ready to go down for Wave C as Zig Zag Correction in final hour of Expiry.

SirajHudda

ApolloTyre is giving a Buy Setup for Wave C rally towards 210 levels.. Stoploss can be around 179. Should be a nice risk reward trade.

SirajHudda

Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would...

SirajHudda

Jublfood is showing pattern which suggests that the correction might be complete and it is ready to go higher.. I would buy now with stoploss around 800 and Targets of 1000 and higher..

SirajHudda

Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...

SirajHudda

Axisbank is forming an Ending Diagonal which is also complete.. I would be buying Axisbank at current levels for Target of 550 and above and stoploss around 420 levels..

SirajHudda

ApolloTyre is giving a Buying Opportunity with a Short Term Target of around 204 levels. One can keep stoploss around 178 levels for the long positions. This move can possibly extend and go higher but I am giving short term targets keeping the current wave setup as a correction. Any inputs are welcome..

SirajHudda Updated 

JetAirways is giving a potential Buy opportunity as it was forming and ending diagonal with divergence.. With bullish candlestick pattern supporting the analysis for long I would buy now for target of 400 and beyond.. Happy Trading!!

SirajHudda

Cadilahc has more downside to come before going higher. Wave A and Wave B are completed and Expecting Wave C/3 to go atleast around 270 Levels on the down side to complete the correction. Happy Trading!!

SirajHudda

TV18Broadcast is at the lower trendline support rite now.. Its time when it will either bounce back and go higher or break down and go lower from here..

SirajHudda

IRB Correcting in a FLAG PATTERN... Is it to go higher from here?

SirajHudda

HCLTECH is giving a potential Buy Setup!! The Zig Zag Correction seems to be over with today's low made around 730 levels. I would expect the stock to go higher from here and breakout of the corrective channel that it has been in from long time. My stoploss is around 725 levels and First Targets around 950 level and above. Happy Trading!!

SirajHudda Updated 

Nifty is making a Flag Pattern which is coming near the lower trendline with MACD Divergence.. I would expect the price to go higher from there which gives a potential buying opportunity.. If it break the Flag upper trendline line then My Markets are at the all time highs around 9120. However, if it continues to go lower then I would wait to see what pattern is...

SirajHudda

Auropharma is giving a Buy Setup!! After the correction in 5 wave.. I would expect it to give an upward correction towards 50 to 61.8% fib levels. Happy Trading!!

SirajHudda

AbirlaNuvo is potentially breaking down and would go lower for target of around 1250.

SirajHudda

Colpal is looking is bearish and might go down further.. Targets for the downside is around 900 levels. Happy Trading!!