sujit4mechanical

Expanding diagonal formation on daily chart

At crucial point watch for few weeks.

Wave-C will complete around 1200-1130 and start new Wave-1

Bajaj Finserv in Wave C and will complete wave around 5200-5000 and will start for new Wave-1.

Wave pattern in correction might come till 75-68.

H&S pattern formation can be seen in upcoming days, hope this could not form.

Take a 50 % position at the current level, and if get a chance, add another 50 % around 450-460 levels. Maintain SL of 433.

Short bank nifty around 26300-350 levels with SL of 26400.

Escorts is in the correction phase. Wave 4 near to complete. Position 1:- At the 38.2% (681-682) retracement (current position) take short with SL of 796 (In case this Fails) Position 2:- At 50% (725) retracement as shown in the chart with SL of 735.

Can take a short position around 2400 with SL of 2450-2475 and the target of 2150-2100.

Correction is completed and most possibly trend reversal is there, can go for Long with SL of 551.

Ashok Leyland will give chance to short again at 122-122.5 keep SL 125, a target will be around 100.

Nifty may short recover till 10850-10950 level. Again downtrend will start.

HDFC BANK will show some uptrend move up to 2065-2070 level. Once this trend will finish, get a chance to short. Please maintain 2100 as stop-loss.

Currently, in the correction phase. Wave C is in progress may be end near 15500. Then Uptrend will start. Just for educational purpose.

Formation of the Horizontal triangle, will join the uptrend.

Will give the opportunity to short at 920 level, keep 926 as SL.

Nifty is in the correction phase. All 5 waves are completed. Now started the wave A and most possibly end at 10850. Then wave B will start. Can take a long position at 10800 levels for the short term with the target of around 11300, then again big correction wave C will start. I will update the Levels again.