This is a daily chart of sun pharma As you can see on daily chart , sun pharma is on a down trend in Daily chart which is obvious A successful daily close above 485 may change the trend on daily chart , till that time , it is still on a downtrend Here the rectangular box is called the fair value area & the price usually gets attracted to this rectangle and the...
Here is the big picture of mc dowell and take your pick fundamentally its an expensive stock India bulls ventures has given a buy rating which has a 75 % success rate their target in the stock is 635
Buy ambuja @ the current levels Both fundamentals and technical look attractive .........
All levels are shown tata motors not looking good on charts
This is a Weekly chart The blue horizontal line should be a significant resistant area as it was a previous support area So probably Suntv may find it difficult to cross 555. The long term support for suntv comes @ 444. So look for Beautiful Destinations When suntv reaches the triple repetitive 444
TATA motors has given me the most wonderful and joyful years of my life between 2008 and 2015 However the present situation looks shaky & one more dip below 150 is expected But i guess if we reach 130 , it is a great buying opportunity so they say "“We are all in the gutter, but some of us are looking at the stars.”
BUY SET UP AS AN INVESTMENT 1) BUY @ 630 2)TARGET 830 3) STOP LOSS 580 4) TIME FRAME - ONE YEAR Reasons for Buy set up 1) one set of ABC wave correction is over 2) a channel low is spotted 3) confluence of 62% retracement & channel low
As per my wave count - the correction in Yes bank is not yet over and can still go below 147 in the current year Presently yes bank has gone upto 38 % of the downmove ? 200 ema is @ around 255 The question to be asked now is whether Yes bank the the strength to go above 250 There is some support @ 180 levels The coming week is interesting ! Updates will follow
As shown in the chart , There is a confluence below 680 there is a higher high and higher low formation wave wise - i guess one set of abc is over As per me , Escorts is good to invest looking for a potential target of 800 in 1-2 year time frame
Avoid buying in Suntv as per wave analysis
Avoid buying sunpharma for a while
This is based on the book by Laurentiu - Price action breakdown As you can see from the daily chart of SunTv , it is in Downtrend with Regular Lower high & Lower Low seen in the chart So as long as the dow theory is intact , we are looking for the places to sell An Ideal place to sell will be when you see a confluence The value area high and the tail at the...
This is based on the book by Laurentiu - Price action breakdown As you can see in weekly chart , it was in initial downtrend phase In the downtrend phase there was a clear lower high , lower low pattern The downtrend turns into an uptrend when price makes and confirms a higher low at the lower right side of the chart. That higher low is only confirmed by the...
Is it an Expanding diagonal pattern in its final stages ! can a throw over happen ? can Federal bank go below 85 in the near future
Just an elliott view .