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PIDILITIND:775 A Head & shoulder pattern on wave 5 completion, break below the neck line can bring down the stock to 685 level.The wave count shows that the wave 3 was extended and hence wave 5 will almost equal to wave 1 seems to be completed at 868. The stock fundamentally a strong one. A head & shoulder pattern Break below the neck line targets 685 & It can...

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For Wed 20171101 Nifty': 10335.3 Day Pivot: 10342 Above 10352 today’s Resistances are 10362 10379 10395 10406 Below 10319 today’s Supports are 10308 10292 10275 10265 Weekly Pivot: 10271 Weekly above 10374 Nifty’ Resist: will be 10405 10455 10506 10537 Weekly below 10273 Nifty’ Supports will be 10241 10191 10140 10109 Monthly...

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BHAGERIA:301 is showing a break out from an yearlong falling wedge, 175 points at widest end, having a target 475 in an year. The total height of wedge is around 230 points could also be a projection. Resistance will be at 370 & 410' Stop:296

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BankNifty' recovered from the shyness after the Govt' decision to support heavily for the PSU' Banks,it will have strong support at 24387.Currently a small breakout from the flag is showing in the weekly chart. Expect to be True, as the monthly volatile is high, we will make a strong monthly close above current level. For Mon 20171030 BankNifty':...

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Nifty' made a new high and closed above the midpoint of the previous candle formed a failed Dark could cover in daily chart. A close below the current level will confirm a bearish move. Indicators are in bullish zone (ie: over sold) and it can prolong there for any longer time. The negative divergence (lower highs in the indicators) is a concern. Overall, since...

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Dmart:1091 support 1070 is crucial, if it cannot support that level, the stock can come down to 920 level. The Goldman rating take the price to such high level that, it looks over priced since its ROAE is just 12% only “Goldman Sachs analysts argued that while Avenue Supermarts maintains low prices ?, with thin gross margins and light working capital, its cash...

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Kajaria Ceramics:693 support 660 is having a strong fundamentals with a n annual sales 2528cr & an ROAE 23%. once the correction is over it is having the potency to move towards 900 Management perception: Recently both Ashok kajaria & Rishi made a visit to kochi in the first week of Oct17 for the opening of Kerovit, the new exclusive showroom for the...

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Gann financial time calendar i.imgur.com

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Bharat' Gears:142 breaking a symmetrical triangle and a long term trend line.60 points wide is the triangle at bring can bring the price down to 80 level. Symmetrical Triangle are Continuation pattern, but there are instances when they mark important trend reversals. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major...

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Amara Raja Batteries:702 A consolidation phase is yet to finish (may be arround 630 range). Hope that the earlier the best. It is a good stock to be invest in for long term from the current level. Indicators are oversold and continue to be bearish. Assumes that we are in wave c of the correction wave 4, doesn't seems to be completed yet. A Fibonacci...

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BankNifty’is slightly behind the main index, but the two bullish candles bring the RSI to Bullish zone & MACD is still lagging below zero line. This week BN also can make a new High 25350.Let us Hope so. BankNifty': 24689.15 Day Pivot: 24619 Above 24747 today’s Resistances are 24782 24840 24898 24933 Below 24632 today’s Supports are...

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Nifty' on Friday made a new high with a gap up opening, created a strong support at 10104 level. The move from the abc' bottom 9688 towards the top was sluggish compared to the fall, but currently the MACD & RSI is in bullish zone. Hourly oversold condition may bring a small pull back., but we can expect 10453 this week. For Mon 20171016 Nifty': 10167 Day...

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Sadbhav Engineering:280 near to its long term support region,Res:350 STOP:270 Recently was in news few days back about the new contract bagged worth 900cr. Having good sales growth and profit growth, it seem to be a good bet at current level. Debt equity is around 1.13 is bit high. Some sites like screer.in is showing horrorful DE:11, but I checked the company...

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Reliance' Capital:542 is oversold and trading near the trend line support, Showing a positive divergence in hourly chart. Stock can bounce from this level, having next resistance 620. It may touch down the TL, so Keep a stop 520, ie: aslo the 89 EMA support.

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An abc' Flat correction completed at 9688 was noticed in advance, which was around 23.6% and it couldn’t achieve the expected 38.2 %,this correction could be wave iv of the Minor wave 3. And as we have the broader views posted long back, wave 3 can achieve a minimum 10700 or even more. Always keep the broader view in mind while dealing with the...

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Sanghvi Movers Ltd: ₹134 Trading near the Bottom Trend line of a falling channel, with the indicators showing a positive divergence. Next resistance is at 195 Stop:130

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BankNifty' 24190 Bounced back only 38.2% of the fall and took more time than the fall, still below the break even level 24330 , shows further correction. Daily Pivot:24169 Above 24267 today’s Resistances are 24314 _ 24390 _ 24467 & 24514 Below 24113 today’s Supports are 24066_23990_23913 & 23866 Weekly Pivot: 24146 Weekly above 24327 Nifty’ Resist:...

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We have noticed that the abc' corrective is completing near 9688 and Nifty’ bounced back from there. It crossed the 9850 resistance first, then the breakeven point 9921 ie: the start of wave v of C and reached 9989 ie: the 61.8% of the total fall from10179. Currently nifty’ is having strong support near 9850. The structure seems to be corrective in nature as it...