sujit4mechanical

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.

Wave 3 was completed, now in the correction phase. The Wave 4 will end at 50% retracement of Wave 3. Can setup short selling trade for the 1135 target. Good Buying opportunity at 1135 level for Long term.

In the correction phase on daily chart pattern. Wave A & B completed, started wave C. Redline will be the stop-loss.

Currently, in the correction phase on the weekly chart, wave A and B completed, soon start for correction wave C. Redline will be the stop-loss.

Correction is completed and there is trend reversal observed on the weekly chart. In current week 1st wave of new cycles is finished and there are chances of small correction and then the 3rd wave will start.