anshusahay

anshusahay

YESBANK - SELL AT 182 WITH A SL OF 194 AND A TARGET OF 80. THE TARGET SHOULD BE REACHED BY END-JAN 2019. THIS IS FORMING A TRIANGLE WITH LEG E IN PROGRESS.

anshusahay

HDFCBANK IS AT A VERY CRITICAL JUNCTURE. A BREACH OF 2150 WILL LEAD TO AN UPSIDE WHICH CAN TAKE THE STOCK TO LIFETIME HIGHS. HOWEVER, THIS IS NOT THE MOST PROBABLE OUTCOME. THE DOWNMOVE FROM HIGHS OF 2220 TO 1885 SEEMS TO BE AN IMPULSE AND IF THAT IS THE CASE, THE RETRACEMENT SHOULD NOT EXCEED 79% OF THIS MOVE WHICH GIES US A STOPLOSS OF 2150. THE UPMOVE SEEMS TO...

anshusahay

SBIN SEEMS TO BE MAKING A LIMITING TRIANGLE IN B WAVE. THERE ARE 2 POSSIBILITIES HERE. 1. THE B WAVE COULD BE A COUNTERPART OF WAVE A AS DEPICTED IN THE CHART. IN THIS CASE, THE TRIANGLE SHOULD BREAK-OUT ON THE UPSIDE WHICH GIVES A TARGET OF 300 WITH A STOPLOSS OF 283. THIS IS THE MOST PROBABLE SCENARIO AS OF NOW 2. THE B WAVE COULD BE FORMING AS A COUNTERPART...

anshusahay

RELIANCE SEEMS TO BE MAKING A ZIGZAG CORRECTION IN WHICH WAVE A ENDED AT 1016. THE B WAVE IS A AGAIN A ZIGZAG CORRECTION. C WAVE OF THIS B WAVE SEEMS TO BE AN ENDING DIAGONAL, WHICH GIVES US A TARGET OF 1070, WHICH SHOULD BE REACHED LATEST BY 10 DECEMBER 2018 AND SINCE THIS IS A ZIGZAG CORRECTION, THE FINAL TARGET IS THE END OF WAVE A, I.E. 1016.7. RELIANCE HAS...

anshusahay

NIFTY SEEMS TO BE MAKING A ZIGZAG CORRECTION IN LONG RUN. WAVE A OF THIS CORRECTION WAS AN IMPULSE, WHICH ENDED AT 10012.65. B WAVE IS A COMPLEX CORRECTION. THE FIRST LEG OF CORRECTION IS A ZIGZAG, FOLLOWED BY A FLAT CORRECTION IN THE FORM OF X-WAVE. THE NEXT CORRECTION IS AN EXPANDING TRIANGLE, WHICH IS THE COMPLETION OF WAVE B. THE MENTIONED TRIANGLE FOLLOWS ALL...