As we can see banknifty forming flat correction in weekly chart. Banknifty completed A and B in Flat ABC pattern. The C wave will be most brutal selling we can see. Can go upto 29-30k as per price action. If breaks above 39500 this view will be invalid.
As you can see ITC formed leading diagonal in a monthly chart and gives a breakout upside. ITC completed it's 1st and 2nd wave and it's now in 3rd wave of monthly chart. The first Target of ITC will be 387 and second Target 417. We can see a very strong upside movement in ITC.
After a 2020 crude oil recovered and makes new all time high of 9996. Crude oil completed it's 5 wave impulse move in the month of march and from that time it's making a correction. As per current price action crude making a expanded c wave flat correction. Crude can go up to 6000 or may be lower than that but major strong support will be 5000.
We are seeing the correction in bitcoin from last 14 months. If bitcoin does not go below of 13880 then you can see last impulsive move of smaller as well as larger degree and bitcoin makes 1st impulsive move of a larger degree i.e dacade.
The 5th wave can take resistance at red channel and will turn back. If bitcoin goes below of 13880 then this analysis will be...
Tata Power made a high of 298 Rs. in April but does not sustained above level and break the strong support of 200 level after a long period of consolidation. i.e 250 days. The first support will be 150 and next is 130.
Balamines makes a correction 47% from it's high and still more pending. Chart shows balamines completed its long term impulse wave i.e 12345. and now doing a correction in monthly chart. In a weekly chart balamines formed head and shoulder pattern. Looks like This will come up to 1600.
Disclaimer : This is my view as per current price action if price pattern...
Recently monthly chart of Vodafone idea breaks the Trend line. We can see sharp fall in monthly chart. If Vi does not sustain this level the next support will be 5.2 and 4.55. As per current price action looks like Vi can get up to 1.5 Rs or may be less than that.
Desclaimer : This is my view as per current price action. If price pattern changes also change my...
