Nifty Metal: Weekly Chart Poised well for next Up move Index levels have respected well to the trendlines. RSI showing good strength. Cooling off of RSI from the recent Top suggests a good accumulation last 6 to 8 month.
NOCIL: Daily Chart, Looks good for the target of 320 SL 230. Price has formed double bottom and pattern confirmed with the break of neck line 246-250 zone also +ve divergence in RSI is seen.
Laurus Lab : (Weekly Chart-Elliot Study) Interesting case to see in chart is weather the correction is over or some more pain is left in it. It has completed all the 5 impulse wave with this 1st impulse wave of major gets completed, now it is in correction of, This gives rise to two possibilities Case1 : Correction is over by completing the abc corrective wave...
TATA CONSUMER: MONTHLY CHART (Elliot waves targets) It's in 4th corrective wave (in progression), it may complete around 600-700 level ( either 24% or 38% retracement of wave 3) Targets for the 5th impulse wave would be 950,1300,1750 level, 62% of wave 1-3 retracement, 162% of wave 4, wave 5 equals to wave 1 respectively. Bearish on short term, Long term trend...
NIFTY 50: With the three measurement for 5th leg of impulse wave, it seems the structure is getting completed at 16.41k around, only the odds of hitting 15.9 k is to be watched out. Looking forward to seeing NIFTY getting settled btn 15.9-16.4k. Hoping for no more surprises🤞
JUBILANT INGRIVIA: DAILY CHART Currently near to resistance/supply zone. If there is breakout above 620 then can be looked for the entries. the probable support / demand zone between 440-470 and SL 400
NIFTY Analysis: Daily Time frame. With the current level of NIFTY, 17600-17400 level, these level are important support. Seneiro 1: If NIFTY maintain above these level then it can be said NIFTY in consolidation phase. Seneiro 2: If NIFTY Breaks this zone of 17.6k-17.4k and hover above 17.6 then It can be said NIFTY in correction phase. Seneiro 3:...
Jubilant Ingreva Good volatility contraction pattern observed forming ascending triangle, it can be potential breakout script.
oal India: Daily Chart Given a strong Breakout from 18mnts long resistance zone. 175-176 look good for entry S1 & S2 marked
IOCL WEEKLY CHART looks steady n slow rising, with R/R of 1:1 target of 127 can be seen, also this is high dividend paying company can be kept in protfolio for healthy dividend of Rs. 12 per share giving dividend yield of 11%. Views are welcome on this.
Nifty levels Let's see where it will head I am of opinion it will come down by 7%
Tata Consumer: Good to accumulate if it comes in the range of 720 to 740
Advance Enzymes: Good rectangle pattern, RSI taking support, may pickup from here
Sudarshan Chemical: Given breakout from ATH forming rounding bottom of around 50% depth 500 and 630 can be good support.
If it moves in the direction as anticipated then we may see target of 1260
Apar Industries: Inverse head and shoulder in progress, Qrtly results are good.