indianmarkets

My earlier message about this scrip is void. It was only till the expiry which was today. This sector has seen too much of negativity in the short run. Technically, the price has broken the downward pattern. It has to test the high to contemplate a run downwards. 86 is the short term target and 91 for medium term **if the short term goes well**.

So, the time has caught up with irrational exuberance on banking sector in India. The ridiculous rally banknifty saw over last few months lacked any fundamental push as such. Now it all seems to be unwinding. And this is going to be good! In this chart we see State bank of India has broken the steep weekly channel quite significantly. 260 at least would be a ...

Hi Guys, after this abc correction look for another down move in axis bank.

Long tine Indian index NIFNTY going up. I wait new historical maximum.

Buying above today high for 50-75% gain.

Strategy: Buy @ 2407 ------------------------------ TCS was on uptrend and correcting it's uptrend after hitting 2700 resistance zone. Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can ...

Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.

Talking Points: Technical Strategy: Hold and Buy lower Elliottwave Count: Correction HTG Note: Current price action on Canara Bank (BSE: CANBK) is trading bullish move. However, script was in correction after break on monthly trend line. All PSU bank showing correction in bullish move. We are expecting correction will be on flat correction and should be ...

ENTRY DETAILS: PAIR: NIFTY ORDER: PENDING BUY ENTRY : 8621.40 STOP LOSS: 8719.60 TAKE PROFIT : 8970.34 R:R = 1.46

Happy to see INR covering some ground. Will this free fall of @USD, will it test Yearly support line of 2016 of 66.5?

Talking Point: Technical Strategy: Confirming it's bullish outlook Elliottwave View: Reversal confirmed and counting impulsive waves Analysis We were tracking GAIL from last few weeks and able to see breakout in coming days. Elliottwave perspective, this script is having impulsive bullish view on larger time frame which can be target above 600. However in ...

Hi Everyone, Looking at chart nifty is in corrective structure that structure looks like developing into previous one, watch for it to complete abc correction, so for short term you can look for sells in it but in long picture it will break the structure to upside for next impulse. Good luck!https://www.tradingview.com/chart/vEHdH3Ro/ will post updates in short ...

Hi Everyone,This is my first idea I will post more regarding indian stocks and some currency pairs, looking at reliance it looks like in corrective phase after highly impulsive move to up side and making abc correction with b in triangle pattern so we are waiting for completion of pattern by breaking this pattern to downside for our c leg and then rally up for ...

In continuation with the previous posts on Nifty, there seems to be a good long opportunity to new highs now with a great reward to risk ratio. I'm holding all previous longs too with an SL of 8670. If it breaks the lower trendline (and SL gets hit) then will be looking for going long later or shorting as per the trend then.

JUSTDIAL waiting to buy on bottom flag pattern continuing

USDINR could possibly be starting wave 3 of 3 of 3 of C down. This could correspond to the sharpest rise in Nifty i.e. a long awaited wave 3 rise.

TITAN SELL SETUP WAITING TO HIT RESISTANCE LEVEL

AFTER BREAKOUT THE CHANNEL IT FORMED FLAG PATTERN , BUY IT OR WAIT TILL HIT BOTTOM