TCS: AS long as staying below 2160 , scrip heading towards the GAP area 2040 in coming weeks.
Down move from 2266 to 2108 is having Impulse structure.
Now after correcting .618 FR of this down move at around 2182, scrip again breaking down.
Likely to move down to 2100-2095 range first , then towards 2040 level in coming days.
INFOSYS : Consolidating between 773 and 712. Similar pattern to the earlier consolidation marked in chart.
After consolidation , will break 773 and travel long way above 1000 in coming months.
Unlikely to go below 712 hereafter.
Can accumulate between 712 and 773 with SL below 705.
Once breaks 773 ,...
ESCORTS : Looks ST Bottom registered at 720 on 30/4/19.
Likely to move towards 762-764 then 777 in coming days.
This view valid till 720 Holds.
DISCLAIMER: I am not a qualified Technical Analyst. Please do your own analysis before taking any Investment decisions.
TATA CHEMICAL : Scrip Breaks down from Corrective channel. As mentioned in our earlier postings , one more down move looks pending.
Keeping 620 as "Positional SL", short can be initited on any rise towards channel Bottom.
In EST , one can trade short on any rise towards BO channel with SL above 602 Closing.
AURO PHARMA : After consolidation ,scrip breaking out. Will move to Min 840 + in coming weeks once close above 802 on Daily basis.
SL below 783.
DISCLAIMER: I am not a qualified Technical analyst.Please do your own analysis before taking any decision on investments.
AURO PHARMA - Breakout above 796 . Close above 801 will give further momentum towards 830 and above in coming weeks.
SL Below 788 for ST.
Disclaimer: I am not a qualified Technical analyst. please do your own analysis before taking any Investment decisions.
TCS- Fractal- Probable movement in coming months indicated in charts. Likely to be very volatile(as we are seeing)for some more months.
Range trading likely to give more yield .
DISCLAIMER: I am not a Qualified Technical analyst. Please do your own analysis before taking any Investment decisions.
AURO PHARMA - As mentioned in previous posts of this month, Scrip price rejected twice in 792-805 Zone.
If scrip starts trading and sustain above 790 on Monday without breaking Friday 29/3 Low ,
then scrip could break (R) 805 and move towards 830+ Briskly in coming days.
AURO PHARMA : As expected , scrip took (S) Near FR level near 758 and after climbing to 785 +,price rejected at 787 - 792 zone. (Please ref my earlier Postings ).
Now this present decline could get arrested around 755. Watch Pink Channel & FR level around 755 . If gets (S) here ,
BUY with SL of 743 Closing basis...
LT - Scrip can move up to 1450 - 1470 level and this up move can terminate in this range before correction sets in .
Looks scrip is in 5th wave of the current rally, the Targets of which are mentioned in Chart.
After this present upmove and subsequent correction , the next upmove could break ATH decisively and
take it to more Higher levels.
For Details pl.see our Earlier posting dated 24 March 2019 based on Weekly Data .
Note: I am not a Qualified Technical analyst. Please do your own analysis before taking any Investment Decisions.
AURO PHARMA- Scrip til clears 792 - 805 zone decisively, one should avoid long at Higher levels since this will result in Lower top ,
lower Bottom continuation and the possibility of falling back to 695 can't be ruled out.
At the same time , the move from 695 to 792 looks like IMPULSE 5 wave move.It is advisible to wait for FR levels of this Rally
and look for...
FEDERAL BANK could drop to 88 - 86 level in coming days if fail to close above 94.5 .
Looks 1st Leg of Impulse move from 78.2 is coming to an end.
If fail to move past 94.5 , will drop to 88 - 86 FR levels and likely to
consolidate over a period of 9-10 days before next Upmove which will take the
scrip to 102 level .
Note: I am not a Qualified...
INFOSYS made a strong Base at 705 level which is confluence of .382 FR in 50% Time of rally
from 600 to 772 And at completion of "abc" correction from 772. "a" = "c" at 707 level.
The momentum from 705 to 742 today confirms bottom at 705 and scrip is heading towards
772 which will be broken in coming weeks.
Also pl.note the GAP UP zone " 685 to 695" area...
Reliance if fail to move and sustain above 1282 level and break 1258 ,
could break 1206 and can come down to 1165 level in coming weeks.
Details in Chart
Note: I am not a qualified Technical analyst. Please do your own analysis before taking any Investment decision.
TATA CHEMICALS - Though getting Good (S) at 550, and a move past 573 may take it to 590 then 605 levels in ST,
Unless close firmly above GAP DOWN area 633 -646 , chances of scrip breaking 550 and
fall towards 523 , 501 and even 445 level not ruled out in coming months.
TATA COMM looks Good For LT Investment for Holding Couple of Years Minimum.
Likely to Break ATH in coming months.
Can Accumulate on 50 to 61.8 % retracements .
Disclaimer: I am not a qualified Technical Analyst. Please do your own analysis before taking any Investment decisions.
TCS likely to Consolidate in Broad Range between 1800 to 2100( + or - Rs.100 ) in coming Months
before Breaks out on Higher Side.
BL and SH strategy can be followed for Few months atleast.
Close below 1800 (looks Unlikely) can bring it down to 1700 -1650 level. Can buy here also if drops.NSE:TCS
Note: Pink Line shown is likely shape of path and not exact Time...