L&T Fin CMP 169 Another example of a stock that takes a small dip around its previous highs before it breaks out. The dip to 38.2% from a higher swing is indicating strength. T1 330
Rail Tel CMP 356 If u did not chase this stock. this correction is an opportunity now. The dip to 38.2% is telling me the stock still is in a strong bull trend.
Tanla CMP 918 The stock has completed its correction. Its at Fib support with RSI in the bull zone. So trend is up now. A strong move in the counter should being any time now. Definitely a good buy.
Idea CMP 15.26 Swing Analysis- the swings in stocks have a similar slope. This gives u a sense of uniformity. if this is true then this stock has a long way to go. to understand this we need to understand what is a swing in the first place.
VIP CMP 500 Elliott- the ABC zig zag corrective pattern is over in my view. Pattern- the V shaped reversal pattern is a directional signal and is indicating reversal. Hence this current dip is the best opportunity to buy the stock, One can buy here or on the break of the trendline the choice is urs.
India Cem CMP 213 This stock hasn't made new highs after 2007. The coiling in RSI is telling me this stock is preparing for a major breakout. One can buy it here or on breakout the choice is yours,
IGL CMP 473 the Oil and Gas sector has done exceptionally well but this stock has been a laggard. Technically this stock is now ready to breakout and make new highs. In my view it is a very good buy.
Gland CMP 1886 The correction is done in this counter. the break of the trendline will an additional confirmation. U can buy here or above 2028. T1 3150.
Laurus Lab - CMP 449 Elliott- the stock has completed the zig zag corrective pattern ABC. Trendline- break of the trendline is an indication of a change in trend. RSI - taking support above bull zone is positive. Buy this stock on a weekly close above 460. T1 - 660
Nifty IT CMP-33613 The correction in the index has halted at 38.2% of its swing. With RSI taking support above its bull zone of 40 is a further confirmation of the bull trend being intact. TCS on the other hand has already staged a breakout. Hence these corrections are an opportunity to buy.
apollo Tyre - CMP 480 I see a sharp rally in the broader indices coming next week. I see the same on this chart too. A final rally to 538 is highly likely from where a 5 wave down fall will begin.
Apollo Tyre CMP 480 Elliott- The five wave impulse wave is done. Now a three wave correction should begin, Wave 1 and wave 5 have a equality or 1.618 relationship. Here it is equality. I have marked the same in the form of Boxes. Break of the trendline will be the start of a big correction in the counter. The natural support zone is the 4th wave of one lesser...
Divis- CMP 3847 That's an ascending triangle forming in the B leg of the 2nd wave correction. So two opportunities one is shorting the C leg which is very strong. And then for investing and trading at the end of C wave.
Dabur CMP 556 The correction is still not over in this counter. The B leg of the correction is a descending triangle and is now complete. The C leg should start from here. Look at the RSI oscillating between the bear zone 60-65/ 25-35. Further strengthening our case. First target will be 433.
Bata CMP 1320 The stock has been in a prolonged down trend. In my view it should bottom around the 1175 zone where it will find Fib support as well as channel support.
ICICI Bank CMP 1146 The correction halted at 50% Fib retracement from a higher swing an indication of strength. The trendline support is now telling me the stock is ready to make new highs.
Nifty - CMP 22475 The Index is down to channel support as well as MA support. My oscillators are also telling me its a buy here. So go long on Nifty is the call.
Break below 3800 will be very negative. The stock you see those levels on the chart.