From the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500
Stock is rising in an impulsive manner and currently riding in a 5th wave of higher degree. One should buy the stock with stop loss of 500 & look for the target of 550/580.
Formation of inverse H&S . Buy on cmp with SL of 37000 for tgt of 38800-39000
After giving a terminal thrust out the bullish triangular wave stock is facing a sell off. One should go short with SL of 1955 & look for the target of 1800/1700 in coming sessions.
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 price gets close above...
Stock is rising in an impulsive manner and currently is in 4th wave. One should buy the stock with SL of 2560 & look for the target of 3000-3050.
Stock has given a strong breakout of the pattern which is known as cup & handle pattern. The immediate target is 200-220 zone . One should buy the stock with SL of 130 & remain bullish.
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 price gets close above...
Stock is rising in impulsive way. We can clearly spot impulsive nature of price action. Currently we can expect the 4th wave completion & the stock is rising up into its 5th wave. One should buy the stock with SL OF 580 & look for the target of 900-980 zone.
Stock has violated the triangle scenario & broken the previous swing high. one should go long with SL of 1180 & look for the target of 1280/1320-50 zone
Breaking out of the ending diagonal , Apollo tyres is all set to resume its lager uptrend. For short term buy with SL of 213 & look for the target of 235-240
Stock is forming a bearish triangle. One can go short near 1140-45 keeping SL of 1185. for tgt of 1100/1065/1050-45
Stock has broken the neckline of inverse head and shoulder pattern. one should go long with SL of 2600 & look for the target of 3000/3200
Stock has broken the neckline of H&S pattern at 1680 & retested the neckline. One should go short with SL of 1680 & look for the target of 1540/1470
Stock is moving in an impulsive manner. One should go long on cmp with SL of 3490 and look for the target zone of 4600 .
Breaking out of the ending diagonal , Lupin is all set to resume its lager uptrend. For short term buy with SL of 895 & look for the target of 995-1000
Following the 'rule' of wave theory , ''wave 4 should not enter into the territory of the wave 1" , stock has managed to keep its bullish outlook intact. moreover we have a HH HL formation on daily time frame which suggest that stock should move higher in wave 5 for new high in coming weeks. Buy on cmp add on dips keep SL of 390 & look for the target of 440-50 .
After completing the expanded flat correction , stock is rising in an impulsive manner making a HH and HL on very immediate basis. Breaking above 502 will be a confirmation that the stock is ready to make new highs & reach to the target zone of 540/560.