BHEL definitely looks corrective. Hence in the longer run it looks it is going to go below 15. But incase the wave turns complex - the stock may touch 29, which is the 200 moving average.
Can tata motors sustain above 80 ? I am doubtful Let the market show its way !
The following points i deduce from the Titan chart 1) The fall from 1344 to 719 looks Impulsive 2) The fall has been retraced by 38 % 3) Although Titan can still go above , it will still be considered as part of corrective wave. Hence to conclude Titan is not good for investment at the present levels & let the market show the correct level to enter the trade...
Tata motors is expected to reach 86 tomorrow - keeping fingers crossed
Federal Bank may reach 52 for the following reasons 1) wave pattern target of wave v 2) it is 1:1 ratio of wave a from wave b
Reliance hourly wave chart looks like correction is imminent Disclaimer - Wave counts are set to change and is controlled by Markets & unknown forces
BHEL Is also a sell & is expected to reach a minimum of 10 to 10.5 This is based on wave pattern But 10 to 10.5 is a great entry level
Federal bank is expected to go down impulsively as per wave counts Beware - results in 2 days - volatility expected Disclaimer - Trading is a game of probabilities
Federal bank looks like an ABC corrective pattern