BUY FOR THE TARGET OD 940 ZONE . KEEP SL OF RECENT LOW .
The fall is looking like an impulsive move. Look for the target of 126 zone .
analysis mentioned on the chart.
Keep stop loss of 210 on closing basis and short the stock ITC for a target range of 180 & 160.
Current price structure suggest that the triangular wave structure has been completed already as we have got he final setback as wave-e. One should go long with SL of wave-c for the targets which are mentioned on the charts. The price breakout & sustainability above the level of wave-d will bolster this idea.
After the panic fall bajaj finance made an ending diagonal as a wave c whose breakout given a massive upside rally. Current structure suggests that the stock is completing its 5th wave of 1-2-3-4-5 upmove as an ending diagonal. So one can short it on a rise near the level of 3810-20 with SL of 3150 for the target of previous 4th which is 3150.
Buy on dips for the target of zone of 19-21. Keep Stop loss of 7 on closing basis.
Patterns are the pictorial representation of the psychology behind the market participants. Whether it is a channel, rectangle, expanding triangle , contracting triangle. The charts shows how a downtrend prevailing in the stock coal india since few years. All the patterns formed are of a berish note & the trend continued. The current structure also forming a...
After giving a retracement from the level of 588 stock has corrected to 50% of it previous wave & resumed its journey as a 5th wave. One should be careful in the zone of 600 as there is a completion of 5 waves & we can see a sharp correction on a larger degree.
Analysis mentioned on the chart.
The present support zone will act as wave 4 where the internals have a-b-c waves , being wave a = wave c . If the level intact, the price will move up as depicted on the chart.
After a long rally from an ending diagonal of wave 3 the pair is forming a Head and shoulder pattern. The breakdown of the neckline will bring the prices down to the previous supported as shown in the analysis.
The current rally is not an impulse. It should face supply soon
After a breakout from an ending diagonal, stock of PVR reached it ultimate target that is the starting of the ending diagonal. It is obvious that this is an area of profit booking. The fundamental condition of the stock also suggests that there is not much possibility in the future results of the company. Sell position must be taken for the targets of...