Amrutanjan for short term buy Target 668 stop loss 602 symetrical + ascending triangle patterns seen
Suntv has potential to touch 1000 forming a bat pattern
M&M finance is on bullish ride expecting M&M finance to reach 270 plus in next 5-6 months
Balkrishna is making a bullish reversal expecting 2300 plus by first week of Jan keep stop loss as 1880 on closing basis
Lets study the next path for UBL. Once it breaks 1800, the third wave can end around 1960, then a pullback towards 1760, giving a more opportunity to add for tgt of 2100 by next year Sept'23
Crude has broken important support zone. Now we can see a sharp correction in Crude by this expiry
Indiamart INHS in making at bottom Expecting a quick move anytime in this script keep sl as 4100, and hold for the indicated targets
Pharma index took support and gave a breakout yesterday. This journey can give 4-8 % move from current levels before Mar'23
Dixon technology is going towards a good support zone of 1680-1820 levels, it will have an upward resistance zone of 2760-3160 so wait for correct levels to accumulate
Gartley pattern in AARTI, time to buy the bottom target 820 to 1000 stop loss 480
UPL , fourth wave formed a DIAMOND pattern we can see big movements if it close above 785 stop loss 740 tgt 1000
Nestle India , all set for a newer high Its forming a crab pattern. target 22k, sl 19750 time frame 2-3 months
Nifty journey towards 16k Nifty has formed a cypher pattern and expecting 16k by first week of May We can get some bounce in between, but be careful in getting trapped
Dow jones is in bear trap, expecting a minimum 6% correction and max 30% correction in next 18-20 months time period
Based on Cypher pattern, BankNifty correction to be over by June'23 we can see 35k levels in the month of June'23
Tata power broke the important support of 195 It has formed a descending triangle breakdown pattern One should wait for correct level of entry as the stock can test130/162 levels in coming period
BEPL is looking strong on charts Buy above, once it crosses 123, for minimum target of 12% and max target of 80 % (Dec'24) Peter lynch fair value 295 Fair value by Discounted Cashflow Model by Free Cashflow is 212
We can see the patterns repeat in charts One has to be an observer when viewing charts, if you focus on patterns and check similar pattern in history, you will be able to judge what next can come with the stock Pattern Repetition: Historical patterns tend to repeat themselves in the market due to the influence of human psychology and market dynamics. By...