I believe it will continue its prevailing bullish trend. It will retest the 154 levels and might break through those levels to aim for 160 in few days. Target: 154.66 SL: 150.34 Risk/Reward: 1:3
As per my elliott wave analysis, Wave 5 is forming ending diagonal, which is at urge of breaking down. We may see a correction from here on that can go on for some few years. It is wise to take out your investments from this one and invest in something else that can provide you returns in few years. Day Traders/ Swing traders have great opportunity to short this...
As shared before, that the jetairways has broken a contracting triangle on the monthly chart and now it has corrected 78.6% of the previous uptrend move, which makes it a great buy for now. As per elliott waves, 5 impulse waves are completed and we will now look forward for a 3 wave correction to 615 levels.
Nifty has touched the support of previous wave and we can see the buying at this stage. It is a good time to buy back now if you are not stuck within trades.
As per the Elliott Waves, After Kotak breaking out from the all time high prices, now it has corrected with ABC correction. It is an ideal time to get in the trade and target for 780 levels. Go Long.
Nifty got corrected at 38.2 retracement level that shows upward trend is till intact and we are getting more buyers in the market. Lets look at the close watch at 8300 levels to have a breakout for further uptrend. Go long
I observed that the it has broken out from a triangle on a monthly chart and took a support at 475 levels. It is a great time to go long on this one. Two good points to note: 1. Breakout out on Monthly chart with Increasing volume 2. 100% FDI in Aviation Go long
It has been trading at it is all time low where we can see accumulation and high open interest in futures contract. It is a good opportunity to buy this one at current levels with a strict stop loss at 46. RCOM new mergers and up gradation in services will be in news for next few months which will make it in spotlight to all other investors as surely that will...
Observed a breakout from a trend channel in 30 mins chart.
It is been trading in channel for few days as showed in the 30mins chart, it is on the move to the downside and I'm looking for a breakout in the 30 mins chart.
It is been observed in the weekly chart that the price action in this one is consolidation in range of 400-500 levels for past 18 months. It is a good time to accumulate this one as the company sounds good with growing earnings. Keep this one in your investment watch for long term
Right now, it is in the process of Wave C of ZIG ZAG correction and it may end near 500 levels.
It seems a complete formation of bearish butterfly pattern. It needs a red candlestick on Monday to confirm this pattern. If it is confirmed then it will become low risk high profit trade. Close watch on Monday closing
Today at 30 mins Chart, observed a breakout of previous support that will take prices further down. Good time to short this one at the given Risk:Reward
Double Top with bearish divergence indicates a strong weakness in this and I believe shorting it at current levels will be a wise thing to do. Handsome Risk Reward.
As per hourly chart, reliance is in impulse Wave 3, it is building up on a diagonal based upward trend which is likely to be broken once the demand will be fulfilled. It is a good intraday opportunity for tomorrow. Risk Reward: 1:3
IT SEEMS WEAK AS EXCESS SELLING IS BEEN OBSERVED DURING THE DAY. I BELIEVE IT WILL BE A GOOD SHORT FOR TOMORROW. RISK REWARD: 1:8
Making Lower high and Double Top with RSI Divergence. 5 Impulse waves have also completed and it may correct now. It also looks like a truncation situation here. Overall, supply looks strong for now or you may say profit booking is in process, makes it sell for now. T1: 1418 SL:1610 Risk/Reward: 1:5