Trader-AJ

Two counts Yellow one suggests we are in a bigger flat correction in the form of wave 4. In this case, first, a fall towards 32300 can be expected, before another upmove begins Green count suggests, wave 4 completd near 33300 and we are in 5th wave upwards of the current impulse Target in this case will be 40300 followed by 41000 (downside limited till 36500)

#Coalindia looks bullish for short-term targeting Rs.255 / 266. #elliottwave Key support is at Rs.225. #Nifty #bullish #stockstowatch #stocks

It has completed symmetrical triangle price pattern near Rs.463 level. Breakout has alreay occured, current correction provides buying opportunity!

- Head and shoulder breakout - Good volume activity on a recent rise in price - channel resistance and retracement target comes around 63.00 and 66.00

As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle. What makes it special is-- there is a good inverted Head and Shoulder price pattern (S-H-S) in last leg. Breakout is above 54 - 58 zone targeting 130+++

NIFTY has strong short-term support at 8100 followed by 8020. Looks a good buy set-up at cmp targeting 8235! SL should be maintained below 8100

To invest in a good stock, sometimes a simple trend line or trend channel is sufficient to identify an entry point. HDFC Bank stock has been in an uptrend since year 2009. The stock has been correcting from 1310 levels and is nearing first key support at 1120. Lower long term support is at 920. Looking at the prior trend, entry at 1120 looks tempting. Start investing :)

Nifty may form a triangle on 120 mins chart. RSI as well as price are near supports suggesting a bounce. If it forms a triangle, risk-reward is very attractive here! As long as above 8050, view remains bullish targeting 8200+