tejasshah18

- Nifty PSU Bank Index moving up in an Elliott Wave impluse - Wave 5 targets pegged in the range of 3770-3860 - Weekly cloud support

Falling Wedge | 88.6% Fibo retracement of previous up-move | Positive momentum divergence

Recommend to Buy from a 3-6 months trading perspective Stop-loss below 560

BUY : cmp 63.25 | SL 59 (closing basis) | Target 80

Target 235 | SL 120 (closing basis)

- A beautiful text-book 'Cup & Handle' pattern on daily chart - Stock trading within a regulation upward sloping trend channel - Daily momentum oscillator readings have slowly turned up in bullish territory - Volumes pattern shows gradual accumulation - Accumulate in range of 275-280 - Maintain SL of 263 (closing basis) - Targets 330 - 340

- Stock is trading within a regulating upward rising trend channel - Recent bullish price action from channel lows suggests a move to channel high likely - Prefer to take 50% position at cmp & balance on dips to 39.75 - Expect stock to test 55 over couple of months - Maintain SL at 36.50

- Triple-three complex corrective nearing completion (w-x-y-x-z) - Expect the stock to bottom out between 275-280 - Can look for fresh buying opportunity from an investment horizon - Hypothesis will be negated on breach below 260

A Leading Diagonal 'wave A/1' followed by a sharp fall in 'wave B/2'

seems like some accumulation underway ... and potential range break candidate Breakout above 29 Target 37 & 40 SL 23.80

Target 107 | Stop-loss 61 * Multi-week sideways consolidation (read accumulation) * Bollinger Band contraction * Momentum oscillators inching towards buy crossover

Positional LONG - Target 175 - Stop-loss 112

trend line support and re-test of earlier breakout

Trend line support

* 61.8% Fibo retracement of previous rally * Trading near weekly Ichimoku Cloud * Oversold momentum; potential rebound * Target 3600 * SL 3015

* Ichimoku buy signal * new momentum up cycle ready to begin * Target 124 * SL 109

Short-term trend line break out Target 935 SL 822

After 32% correction from the top, is it worth dabbling into ?