A long term down trend line break, A horizontal resistance broken and retested. Stock is moving up in an impulsive wave. one should buy the stock on cmp & look for the tgt of 480/580 zone. Stop loss should be 330.
Tata motors appears to be having an Expanded flat correction. Sell on rise with SL of 335 for target of 290-85 zone.
BULLISH TRIANGLE : Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e. Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the...
An impulsive move of 5 waves up & a 3 wave correction, suggests that GBPJPY is ready for another impulsive wave as a wave 3 . one should buy the pair on current levels with SL of 153 for tgt of 155.2
Sell UPL with sl of 820 for the target of 775/760. Stock as formed a lower low lower high sequence , one should look for a corrective downside move.
As per the current wave structure wave 4 has been registered. One should buy this stock with minor sl of 3090 & look for target of 3300/3350/ 3450.
Classic cup & handle formation on daily time frame , with a breakout above the neckline of 579. One should buy the stock on cmp i.e. 585 & add on dips . Maintaining a SL of 562 target for the region of 612 as a first tgt & 640 for the second tgt.
Sell on cmp for the target of 111/105. stock as formed a LL LH sequence , one should look for selling opportunity .
Stock is forming a triangular structure in an impulsive channel. One should buy on cmp with sl of 2145 for tgt of 2280/2300/2310.
A breakout of inverse Head & shoulder formation with neckline of 119 has been spotted. The pattern suggests a continuation of the previous HH & HL trend. One can buy the stock on cmp & add on dips with maintaining the SL of 116 and look for the target of 138 (measured tgt ).
Buy on dips keeping SL of 14450 & look for target of 16000/16250-300 zone
After a good rally from the bottoms , stock has went into a consolidation forming a triangular structure. one should buy the stock with sl of 210 & look for the tgt of 230/240. The minimum target should be a poke above wave iii highs .
A triangular formation , expectation of getting all time new highs. Buy on cmp, add on dips , maintain SL of 125 & look for tgt of 180 zone.
Impulse leg & a triangle breakout. buy on cmp add on dips maintain sl of 300 & look for tgt of 330/348
A breakout of inverse Head & shoulder formation with neckline of 314 has been spotted. The pattern suggests a continuation of the previous HH & HL trend. One can buy the stock on cmp & add on dips with maintaining the SL of 300 and look for the target of 360 (measured tgt) later 380/410
Formation of ending diagonal & a impulse move on lower time frame suggest that the stock is ready to get retraced fully from where it has been started. Buy on cmp with SL of 674, add on dips (if any) & look for the target of 720-25 area
After a considerable correction as a running flat , TechM is ready to break the recent high to trade above the all time highs in the uncharted territory. The correction was assumed as a fourth wave correction & the current rise can be considered as the fifth wave. Trading strategy: Buy techm with sl of 1020 for tgt of 1140-50.