Gold if weekly close below 1900$ it would mean a ending pattern with a triple top at 2075 which could mean a multi year highs & a long correction lets wait & see how price unfolds.
Intellect Design has a impulse rise in wave 1 & has now pulled back to 40 EMA average holding this on closing basis will be important for next powerful Wave 3 rise.
Polyplex has seen 66% retracement of rise from march 2020 bottom & after that we saw 1st 5 waves rise from 1100 to 1630 which has also done almost 66% retracement now todats move looks like reversal candle & it can touch 1900+ levels view invalidates below 1275. Not a SEBI registered analyst chart shared for education puprose only
HIL has seen clean 5 Wave rise after retracing 70% of rise from March 2020 bottom to top till 2200 now wave 3 is unfolding. We are not SEBI registered Analyst chart shared for education purpose only.
Nifty needs to break 18531 to confirm end of 5 wave rise from march 2023 lows then as the moves unfolds we would know how the correction would be or its going to extend more on upside. Todays low was just close to rising Channel support tomorrow could be trending day. We am not a SEBI Registered Analyst WE are not responsible for any profit or loss pleases...
Wave 3 is extending & RSI has started to make divergence & wih daily RSI around 90 we can expect pullback in Wave 4 but this stock looks a good stock for portfolio. We am not a SEBI Registered Analyst WE are not responsible for any profit or loss pleases consult your RA before taking any Position. Chart Shared for education purpose only.
Tata Power has consolidated for about 18 months from top of Oct 2021 & we have seen clean 5 Wave rise from bottom now a pullback towards 205-200 would be good zone to long for long term & short term trades Tata Power is in our investment pick & we have a long term target above 2000. We are not SEBI Registered Advisors. This Chart is purely for training and...
HDFC Bank has reversed from 1725 third time & it has almost made a bearish engulfing candle on monthly charts could this leader be the laggard of this rally. We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
DLF if closes below 478.1 would mean a pullback to 430 levels but this correction will be Wave 2 of larger impulse next would follow Wave 3 Up so keep a watch on this stock. We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
Natural gas has 5 wave rise now it should hold 2.35 levels if its starting series of impulse. Trade idea would be wait for positive day close & long with swing low Stop Loss.
Kopran is a pharma stock so this sector behaves very different from main index but we have seen a 5 wave rise from bottom holding 140 next leg of up move can start soon.
Delta corp has deep retracement & made a ending pattern in fall now 5 waves rise is about to complete a negative day close would mean pull back in wave 2 which could be great opportunity for next leg of up move so keep this stock in radar for now.
HIL has clean 5 wave rise after 70% retracement of rise from Covid bottom & ABC pull back in Wave 2 now its starting Wave (1) of 3 up so long way to go 1st target around 3100-3500.
Wipro has clean 5 wave rise we can expect minimum 422-448 in next leg up risk reward is very good for this trade.
Godrej Prop has retraced 77% of WAVE 1 of 3 so we will can at least expect 1.618 times extention in Wave 3 which implies prices are heading towards 7700 levels in in 2-3 years. SL 1005.
BPCL has completed triangle in wave 4 of long term so wave 5 can reach 1400 in next 4-5 years.
Biocon on long term count has either completed wave 4 & started wave 5 up which can reach 780-1060 levels or its forming triangle in Wave 4 of which wave A is complete & we are rising in Wave B Up so in both cases prices should remain bullish as the moves unfold we can decide if its impulse or counter trend move at least a move towards 374 is possible in wave B...
GSFC the moves are impulsive we have first 9 Waves up it could further subdivide in 13 waves will have to wait but any pullback to 155-147 will be good add zone for long term investment. I am not a SEBI Registered Analyst please consult your advisor before investing charts shared for education purpose only.