Victor sperandeo Trend analysis indicate that;
1) Trend line is broken 27/10/21
2) Failed to cross recent high
3) Formed LH1 on 15/11/21
All these parameter indicate the confirmation change in Trend. Seems like Nifty has changed the Trend and begin down trend. Let's see how it goes !?
IES! Finally IEX fixed record date for bonus share! It is offering two bonus for 1 each held !
That means, even at current price which is 816, it appears as good buy. let's say you buy 1 share, it becomes 3. So 816/3= 272. That means each share will cost you 272. That means if share correct after bonus, it should stabilize around 250 to 270.
If it goes up from...
Alas !!!!!!!!!!!!! Third tech stock similar to TECHM and HCLTCH analysis. It appears that tech stock following specific trend!
Wipro completed Elliott corrective wave and begin new cycle of Impulse wave! Got good support at Fibonacci retracement level of 0.236 (410 ) .
watch out for breakout above triangle line.
If price moves above triangle, I will update T1...