Above 9115 today’s resistance are 9130 & 9160 Weekly above 9170 Nifty' Resistances will be 9200 & 9280 Weekly below 9130 Nifty' supports will be 9069 & 9020
Above 21697 toady’s resistance are 21740_21780 & 21820 Weekly above 21745 BankNifty' Resistances will be 21810_21840 & 21935 Weekly below 21630 BankNifty' supports will be 21560_21530 & 21440
Pokarna is bullish an having a pole and flagt formation,target 1563
Primary wave 1 concludes at 134.2 with 117.70 points gain in 18 month.wave corrected 62% in time & price. wave 3 in expected 253 to 370 minimum range. In principle a primary wave takes a couple of years to complete. Time frame could be 18 month or x 1.618 or x 2.618 or anything like that, normally wave 3 concludes very swift. (primary wave labels in square...
the trend line resistance and the expected levels reached. nifty may fall deepin to sub 9000 level, as it broke 9130
This is a 30 min chart, Nifty' over sold in hourly chart c an show some pull back to said resistance levels Below 9130 today’s supports are 9120_ 9084 Note: Yesterday Nifty' not traded above 9160 level, and i was expecting more down side, but it supported well at 9120. Weekly above 9170 Nifty' Resistances will be 9200 & 9280 Weekly below 9130 Nifty' supports...
Exide Industries: ₹227 is in primary wave extension, will have a minimum target ₹335. And it can go up to 162% of the gross price from wave to wave . Its 100% to wave is almost achieved. Meanwhile small corrections are expected. There are some unwanted challenges & interactions , and I requested the forum to take note of the issue to have some control...
Honda Siel Power: ₹1336.4 is correcting now from a strong bullish move, near to its channel bottom tend line. A break out form the TL is occurred last day, with the indicators turned negative, the stock can come down to a minimum 38% retracement supports ₹ 1170. Resistance:₹ 1400' Mothly chart
Signet Industries: ₹17.is trading near the Double bottom support ₹15:50 Resistance near ₹26. A break out from this level can go to ₹45. support: ₹15.50
GE T&D strong breakout from the channel Res:352 &380 Supp:321
Reliance: ₹1365, pole and flag target: ₹1580 This will confirm when you cross ₹1430 then ₹1455 & ₹1480 This chart was posted earlier
Above 9160 today’s resistance are 9203 & 9217 Weekly below 9130 Nifty' supports will be 9069 & 9020 Weekly above 9170 Nifty' Resistances will be 9200 & 9280
Above 21720 toady’s resistance are 21773_21827 & 21880 Weekly below 21630 BankNifty' supports will be 21560_21530 & 21440 Weekly above 21745 BankNifty' Resistances will be 21810_21840 & 21935 BN double support at 21396 level, Monthly Support: 21250 intact.
Tatasteel: ₹463 is highly oversold and about to face a correction now. First of all let me introduce my count. This is not to challenge any other count, but an erudition, I would like to share, from a different perspective, with some logic. I think we are in a wave 2 after the huge fall from the 1048 top. Hence our correction if wave 2 cannot be a triangle. So I...
A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time. VIX' level of below 15 is seen as stability to the market, while a figure above 15 indicates high volatility. The NSE site says 20 is the safe range, but nifty' was rarely stayed in that level.
BANKOFINDIA: ₹149 target 139_123_102 & 80 we are in wave iv of c of a deep zigzag ABC, and it look like the pattern completed here. if true we will see a fall towards 80 again. But the banking index is so bullish, Hence the c will extended or fall may be delayed further See the big pictures here.
Gold' is in a wave 3 now having a minimum target :$1336 ie: AB=CD :D & The next fibonacci level is: $1423 This was my earlier post, the time the resistance was strong:
Idea was in news for sometime and it made an unexpected gain, with out any strong fundamental. This is a call on request for an F&O trade. I always follow cash data. so below are the cash price levels expected. Idea:87.60 SHORT TERM CALL above 87 next week target 95 & 99 where as on down side below 85 it can go to 80