NileshThete

NileshThete

After an impulsive decline a three wave corrective structure has found resistance at 61.8 retracement. Short L&T now. Stop loss as per your risk mangement.

NileshThete

Axis Bank seem to have completed a wave move on monthly charts. Wave 2 is a flat and wave 4 is a traingle. Wave 5 is an ending diagonal pattern. The upside looks near to complete. One can take short position now and add on every rise with a closing stop loss of 770. Expect a decent correction in axis bank in coming weeks and months.

NileshThete

This is nice HNS forming in the left shoulder of the bigger HNS. Break of this would trigger a bigger correction. Longs be cautious.

NileshThete

A bearish traingle pattern is noted on daily charts. Nice short set up with closing SL at 440 and target of 390.

NileshThete

Looks like we are very near to complete a 44 year long bullrun in USDINR. Prices have moved up from 7.39 in 1974 to above 74 yesterday. Now is time for correction of this 44 year bullrun. Retracement levels: 23.6 at 58 - 59 38.2 at 48 - 49 50 at 41 - 42. USD INR bulls be careful. This is not a recommendation to long or short but a view on the pair.

NileshThete

After a 3 wave ABC decline and nice impulse pattern is complete at (i) and small corrective decline in (ii) is noted, Buy the stock with SL of 605 and target of 699 and 757.

NileshThete

Nice inverted head and shoulder pattern is noted. Pattern target 1164. SL 990 closing basis.

NileshThete

Stock bearish decline seems to have matured completely with formation of a nice ending pattern. Stock can be bought now with closing stop below 24 or wait for the break of the wedge and buy. There is a nice bullish gartley on monthly charts. Buy for atleast 2 years time.

NileshThete

Nifty price action is consolidating in a triangle pattern. Nifty can be bought with stop of 10550 and target of 11200 and 11386.

NileshThete

Lupin has formed a nice ending pattern on daily charts. It can bought now as the sloping trendline has broken.

NileshThete

After a nice downward consolidation there is a five wave upmove breaking the downward trendline resistence. There is a correction going on which should be a good oppurtunity to buy it (on all dips) for good returns in future.

NileshThete

Stock has formed a nice inverted H&S formation on weekly charts. Buy it only above 172 with stop at 145 for tgts of 198, 239 and 306.

NileshThete

Nice consolidation is seen on weekly charts. Buy the breakout from the falling wedge.

NileshThete

Nice double bottom formation on weekly charts. Buy the stock with stop of 56 and targets of 130 & 170.

NileshThete

Chart shows an impulse followed by correction which reatraced near to 78.6%. Smaller impulse move followed by a corrective move is noted. Looks like the stock is building momentum for a larger upmove buy it with a weekly closing stop of 60.

NileshThete

Buy it for long term with stop of 179 for long term tgts of 430 & 621.

NileshThete

After a massive five wave upmove. A 3 wave ABC correction is noted. A wave is an impulse, B as a running traingle and C as a impulse. the correction seems to be near completion or complete. Buy on signs of reversal for longer term. Rewards could be astonishing in times to come.

NileshThete

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