brainyAccount81243

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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...

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Defence PSU Garden Reach Shipbuilders & Engineers Limited(GRSE) on June 22 signed an agreement with German firm Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG for the construction and delivery of four multi-purpose vessels of 7,500 DWT each, with an option of building another four ships in the near future. As part of the order worth $54 million, Garden...

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There are 2 possibilities as per Elliott Wave. Bearish: If Corrective phase wave C is not completed at 23398 then nifty must be in 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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Bank nifty making triangular pattern with higher lows and lower highs taking into account last 4 swing peaks which means it can give breakout in either of the direction. For now it is supposed to traverse towards ~47850-47950 once it crosses below 48200 in next 2 days means by 31st May. Then if market anticipate stable govt on 4th June it must take support and...

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Nifty is moving in a channel on hourly chart and seems like contraction which can take it either side. Upside after 21140 the sky is open but on downside there are many supports like 21840-21800 and followed by 21740 are strong support numbers. 21730 is monthly expiry since last 2 months and hence not easy to break. Till the time Nifty is in this tight range OTM...

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Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...

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This post is only for educational purpose, please take any trade at your own risk. NMDC next fibo target is 280 which will get active above 248, below 235 it can see some profit booking. Today it made hammer so a close above 248 tomorrow will activate the long run, targets can be 255, 266, 277.

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Breaking below 390 can give some good fall where as if it sustain above 390 then it can give move towards 400.

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GMDC at important level to cross 510. Any long must be initiated above 510-520 range looking at price action. Below 480 it can again move back the consolidation range so that is short opportunity level

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Olectra formed cup and handle on hourly and retracing near the C&P line ~1800. Taking support from 1800 it can give target up to 2050 1750 is stop loss for this trade.

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This post is for educational purpose only, please take any trade at your own risk. C&H pattern targets already achieved, now flag pattern on monthly need to be achieved, for now 1680 seems near term target, 1880 medium term target and 2080 long term target (6 months to 1 Yr most likely)

brainyAccount81243

Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...