Indianmarket
BANK NIFTY ANALYSIS - 27/02/2023Sorry In Chart i was forgotten to change the date 24th to 27th...
Buy Above - 39980
SL - 39900
Targets - 40040,40140,40350,40530
Sell Below - 39820
SL - 39900
Targets - 39700,39600,39400,39200
Trade Safe & Happy Trading Guys
This is only for educational purpose so TAKE YOUR OWN RISK REWARD
TATA MOTORSThe idea is based on the Elliott Wave Theory. The long term bullish cycle has started from March 2020, and after a 5 wave (impulsive) rise, the price is now correcting (WXY correction). The level of 300 is crucial as it is a strong resistance and also coincides with the 50% fib. retracement.
Zomato: The Tomato ( rotten one for investors )Mcap 45,000 Cr
Road to Profitability : Never
Dont get fooled by the Q3 profit numbers in the light of crashing share prices by the few of these charlatans.
Already down 50% from teh listing date.
DoorDash, teh US listed entity in food delivery is down 80% from $250 to $60.
Order food here till they close down but stay away from the scam.
NIFTY - Bearish Market ViewThe idea is based on the Elliott Wave Theory. The current upward momentum is very low and the price is moving in a corrective structure. A downward move is likely from the current resistance zone (or a possible likely scenario with 61.8 fib correction).
A move over 18480 invalidates this idea.