bbhalaji

bbhalaji

Wave count in this scrip looks like the wave C of the flat correction is under progress. Break below 260 can take this script to a minimum target of 230.

bbhalaji Updated 

Technically it looks like JPPOWER has completed an impulsive wave 1 and a 100 % correction. A safe swing long trade with stop loss 3.4 and a minimum target of 1.618% projection of wave 1 which is 7.85

bbhalaji

We are in the wave C of the zig zag correction. In long term the correction may take us to 750 levels.

bbhalaji Updated 

The pattern formed in TVS motors suggests that it is undergoing a zig zag correction. Wave A and Wave B of the correction is already over. I am expecting wave C to be either 100%, 138% or 161.8% of wave A. Also it can be noticed that the support line in wave B is broken. The complete pattern assumption becomes invalid, if the high 380 is broken. Let's wait and...

bbhalaji

I am expecting a ending diagonal that will complete the wave C of the correction under consideration.

bbhalaji

are we on the flat correction for TATA motors or does it have a alternate count...

bbhalaji

I expected an 161.8 projection of wave1 to form wave 3. But it looks like the wave 3 is done with 131.8% projection. Right now the formation looks like a flat or a complex correction. I am also expecting this series will be spend in forming wave 4. I am netral in medium term.

bbhalaji

Ashok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction. The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above...

bbhalaji

Ashok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction. The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above...

bbhalaji Updated 

Looks like the third impulse wave of TATA motors has come to an end. Expecting a complex correction for wave 4 around 515 ~ 540.

bbhalaji Updated 

ITC did a correction with the marked in green ABC. Then it had made a 5 wave move up and a zig zag correction marked in blue. We can expect wave 3 to end at a 138% or 161.8 % projection of wave1, which is 300/- or 320/-.

bbhalaji

Formation looks like an expanded flat for Dabur. The final corrective wave C is o=in the formation with the completio of wave 1. The correction is expected to pull the price to around 200 levels in the long term. First target can be around 250 ~ 230 levels.

bbhalaji

Fourth correction of the recent impulse move is about to complete. Since the third wave looks to be normal, we can expect a extended 5th wave. Targets are around the price levels 163.

bbhalaji

SBI has began its final wave 5 of the ED. During this time one can be long on SBI till a level of 275/-. After which one can expect a corrction to around 230 levels. Once can also notice the divergence in MACD.

bbhalaji

HDFC bank is about to complete the ED formation after which it can correct to 38.2% levels i.e 1250 levels before it can move to further highs.

bbhalaji

The corrective wave for Voltas has already began with the completion of wave 1 and on the way for the correction of wave 2 around 385 levels after which one can look for shorting opportunities.

bbhalaji

After completing the ED one can expect a correction around 238 levels. One should wait for the pull back and then the break of the lower trend line.

bbhalaji

SBI is about to complete a 5 wave bullinsh cycle in an ED. One can look for shorting options as already it has made the high of around 270/- in the wave 3 of ED which corresponds to the 100% projection of wave 1 in the bigger cycle. Can the correction be a zig zizg ? Let's wait and watch. Also MACD has already started showing the bearish divergence.