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A. Elliot wave - Seems to be in wave (iii of wave 5) This script seems to be in the last leg 5 of Elliot wave after spending good amount of time in wave 4 (minor correction phase), if so wave 5 need to be smaller than wave 3 length (290 points) a. It can be of length similar to wave 1 ~= 140 points target of ~540 OR b. it can be 1.618 retracement of wave 4 ~=160...

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This script is moving as per Elliott wave in a channel drawn and as per that we are most likely at the end of (iv) wave (in green) of wave 3 (major wave in blue). Now the wave (v) of wave 3 (major wave) can be 130 to 250 points in length from current swing low of 496, it has to cross LTH (518 at least) so taking average of the range given the leg (v) of major wave...

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IREDA seems to be in wave (iii) of wave 3 (major wave) and that is supposed to be longest and strongest and hence after successfully completing C&H pattern target of 250 it is still bullish and can now target towards 300+ target. Overall for Longer Term it is looking bullish so one can ride it using stop loss trail strategy for further up moves. It is difficult...

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The quarter01-24 result and mgmt commentary on guidance can pull INFY into a new bull run cycle to take it above LTH as per waves drawn on the chart. IT index is looking good on chart and it can not move beyond LTH if INFY do not contribute well so expecting a good show by Infy this time post results unlike every time when it falls badly post results. * It is not...

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The stock has competed rounding bottom or CUP pattern on weekly chart on LTH of 1064 made in YR 2021 with a low of 397 and successfully retested 1064 after breaking it. Target 1064 + (1064-397=~667) => ~1731, timeframe must be within a year with intermediate targets of 1252 and 1409 and 1664. looks a good buy in the range of 1180-1210 for said targets.... keep...

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NHPC is near to close rounding bottom pattern but has not completed it yet. A daily close above LTH or better 120 will confirm it but if one want to take early entry then must wait for hourly candle to close above 120 and seeing price action can make early entry. Till LTH is not broken trade is not active. If the trade becomes active then target can be up to 156...

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Seems Bharti Airtel is running in wave ((iii)) of wave (v), where wave ((i)) has been roughly length of ~240 so with wave ((ii)) low of ~1370 at ~1680 can be the conservative target for wave ((iii)) and with that ~1777 for entire wave (v). It is difficult to catch the top and above targets are moderate to conservative but overall the script looks very bullish and...

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Bharti Airtel is moving in a channel where it is getting support and resistance. For now it is again seems to be getting support and hence and up move is possible from here. ** Please take any trade at your own risk, this is my analysis and sharing in case if goes right and others can get benefit but I might go wrong too, nothing is certain in stock market :)

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Olectra Greentech chart pattern is repeating itself 3rd time, so far it has almost completed the consolidation exactly the same way it did last 2 times after making new LTHs, shown by pole arrows with numbers. This is very much similar to P&F pattern so after consolidation is over the pole length is becoming the target from the point the flag trendline is...

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Olectra seems to have started wave 3 of bigger Elliott wave after competing wave 1 and 2 starting from 1460 (recent swing low on June 4th) and wave 2 ended at 1733. With this wave 3 must have target of 275+ points means 1733+275 = around 2020. Seems wave Ii) and (11) already completed and it is in wave (iii) of wave (3). * It is not a trade advise but technical...

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The correction phase got extended due to 04th June collapse and hence now combining things the target is reduced to 2650 from earlier target of 3000. It is trading in a channel which is visible on the chart and breakout above this channel can open the path to the said target. For near term the target to clear is 2020 and sustaining above that LTH (2222) will be...

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IREDA has completed C&P pattern and as per that it has target of 250. Most likely if this week it closes above 185 then it is a positive sign. The target depends a lot on Election Result euphroia, in case of stable govt formation PSU stocks are likely to show rally. * It is not a trade advise but technical analysis shared based on my understanding of patterns...

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ITC if closes above 457-460 range then it will targets 482 and LTH (498), monthly closing above 500 will open another run of 300 points at least means 800. ** This is not a trade advise, just making predictions on closing basis on timeframes mentioned.

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Bank nifty seems to be in corrective phase of Elliott wave and has reached till wave B and now in last phase of making wave C (see wave in blue color). If so it is supposed to give a down move in the form on WAVE pattern 12345 ( see wave in red color). Breaking below 51524 in the morning hours will give the confidence that WAVE (i) is getting formed making wave (3...

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There are 2 possibilities as per Elliott Wave. Bearish: If Corrective phase wave C is not completed at 23400 then nifty must be in wave wave(iii) of corrective phase wave C ( which need to form 12345 pattern) This wave (iii) itself need to form 12345 pattern so with that as of now it is supposed to conclude wave 2 of wave(iii) of wave C - it must not break 23567...

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The waves shown in green color are supposed to form to complete last leg 5 of impulsive wave drawn in color pink. There the blue color impulsive wave 3 will also get concluded. in case, wave 5 is equal to wave 1 which is of length1185 otherwise it can be 1.618 of wave 3 which is around 24300 but within this last leg of 5 in pink color applying the same rules...

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IIFL Finance seems to at the very last leg of corrective phase of Elliot wave that is to complete wave C (check blue color). WAVE C need to be in the form of pattern pattern 12345 (check wave in red Color). Interestingly the last leg of this wave that is leg (V) is not completed yet and everything got completed properly till wave (iv). So to form this last wave...

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Nifty should retest around 23700 zigzag fashion then must go towards 23787 and must get rejection From the da high in the morning (must be new LTH too) in the form of ABC zig zag it must move down, how much can be said but it it comes around 23630 area then it will get some really good support to bounce back as there is long time support channel line. Then from...