Its seems ashoklayland has started again its down move for the major target of 110-100
CMP is 139.5
Keeping Reversal of 143, short term tgt seems to be around 120-115
Studies are given in the chart.
This is only for Educational Purpose. Not any recommendation from my side. ask your financial advisor.
As counts are saying, Bata India seems to be in the last leg of upside.
and wave iii of V of 5 is about to start. and may hit 840-860 in short span.
The counts may be invalidated if price breached to 739.
Risk/Reward very much in favor of long side.
I am not giving any suggestion, ask your financial advisor for it.
Nifty Spot seems to be in the very narrow range for short term and max it can fall up to 10300 then after it may resume its up trend. it may start III of 5 and may finally may touch 11600 for IV of 5 for mid term.