The stock is currently falling in Wave "B" and is expected to complete the wave close to the INR 6600 mark. A small bump up from current level is possible towards INR7250 but INR 7400 will continue to be a major resistance for the stock. Upon the completion of the bump-up the fall should again resume and the price should proceed towards the projected target zone.
Good evening Neeraj, how are you doing.? Can you plz share your views on TATA STEEL and ITC ltd. Thank you. Regards Dr Brijesh Trivedi
bp3vedi
⋅
Neeraj, please guide regards Brijesh Trivedi
neeraj_2_sharma
⋅
@bp3vedi, morning Brijesh Ji. both stocks mentioned by you are keeping their up-trend structure intact yet.no signs of trend reversal are spotted even after a fall in ITC was witnessed in past few days. you can continue to hold for long term. TATASTEEL should continue to sustain above 130 level and soon move higher and ITC should also sustain 420 levels. Regards.
bp3vedi
⋅
@neeraj_2_sharma, thank you for your help. Inam not a trader. Just wishes to confirm that i am not on the wring side of the investment at 50yrs age. Cannot afford capital erosion at this juncture of life .