Looks like Hero MotoCorp is undergoing an A-B-C correction, Where Corrective A and B is over and now 3rd wave of C is underprogress
Sintex could not cross 81-83 zone and quickly retraced to the area where we saw a very high volume sell off on 28 july. Volume is above average in this latest rally from 71 to 88.
Yes bank has been correcting from a High of around 1440 level. It may see levels around 1050 in the coming days. SL @ 1330
Will Hindalco dip below 140 to complete W4.
NIFTY 15 min chart. A clear 5-3-5 (A-B-C)correction is visible 5th of C is yet to complete. Looks like we are nearing bottom.
