Wave 4 completed in JIO FIN and stock has already started it's wave 5. Minimum projection for wave 5 is 38.2%. Targets are 38.2%, 61.8% and 100%. Targets 1. T1 -> 400 2. T2 -> 460 3. T3 -> 600 SL will be below wave 4 which is 300 on daily closing basis only.
Why Adani Wilmar will run ? 1. Harmonic M pattern completed 2. Elliot wave 2 completed and start of wave 3 3. Stock took support around 0.236 ratio of fib Target: 520, 640, 890, 1000, 1200, 1500
It has been consolidating in triangle pattern since very long and it's on the verge of breakout. Metals have cyclical nature and CNXMETAL is also forming good pattern for breakout so seems like it is time for metals to shine. Ensure that volume is more than median during time for breakout to avoid false breakout. Entry -: 117.45 (at least 1 hour closing...
After long term consolidation TATA CHEMICAL is ready for breakout and almost it seems like breakout is done. Buy: 1010 (daily closing) Target: 1170 SL: 970 (daily closing) RRR : 1:3.3
Stock has been consolidating since very long and its on the verge of breakout from triangle pattern. Since volume has been try since very long hence confirm the volume at the time of breakout to identify if it is a false breakout or not. Entry -: 675 on closing daily closing basis Target -: 990 SL -: on closing daily closing basis RRR -: 1:4 Use trailing SL...
Inverted head and Shoulder Breakout is going to happen Buy : Above 804 (minimum 2 hour candle) SL : 695 (daily closing) Target : 947, 1180 RRR : 1:3.5 Use Trailing SL after 1:2
HCL TECH has formed cup and handle pattern and it is ready for breakout. Look for volume at the time of breakout that will give confirmation. RRR is very much favourable and looking at market the sentiment is bullish and IT has been underperforming since long hence great chance of IT participation in NIFTY bullish trend. Entry: 1160 daily closing Target -:...
After long term consolidation JSW steel is on verge of breakout. RSI is strong as well. Stock closed above HMA 200 (760₹) on weekly basis. Strong bullish signal. Buy above 780 daily closing candle Target 1000 SL 677 closing basis RRR: 1:2.34
Forming Cup and Handle Pattern. Volume is Decent and trend is bullish. Go big on it. Entry -: 830 above on daily closing Target -: 1000 SL -: 769 daily closing RRR -: 1:4 almost Keep trailing SL after 1:2