EXPECTING NIFTY TO CORRECT UPTO MAX APPROX 11185 LVL TILL AUG EXPIRY, THEREAFTER RESUME UPTREND TO HIT ARND 11650 LVL ARND 23RD SEPTEMBER.
EXPECTING NIFTY TO TOP-OUT BETWN 12000-12150, ARND JAN 6TH 2019.
DISCLAIMER: FOR STUDY PURPOSE ONLY. PLS DO YOUR OWN RESEARCH BEFORE INVESTING.
UPL in corrective wave form. Looks like forming a WXY corrective pattern - ZigZag + Triangle in Wave 4. Triangle Base at 38.2% Fib Ret Lvl.
Expecting UPL to rally till 735 levels forming Wave d and then reversing upto 675 levels to form Wave e of the triangle, before brkg out.
Ashok Leyland expecting Zig-Zag correction. Looks like completed Wave A & Wave B of the correction. Now making a 5 Wave downmove as Wave C. At present completed Wave 2 and into Wave 3 of Wave C. Expected Target Zone 130 Levels. However, expect a overall bigger correction of the last upmove. So expecting ashok to move sideways for some time forming a WXY corrective...