Mphasis Can start the rise it started 2-3 months back & can break all time high till & go till 4000 levels in the coming 2-3 months. Time wise this stock looks good for buying Kepp stop loss near 2900-3000 as per your risk appetite
Fundamentals of Company 1. Consistent Growth of Company & Increasing Profits Year on Year 2. Great to Fair Valuation 3. Strong Big Players Holding 4.Robust management 5.IT Sector is Outperforming & Flourishing Technical Factors for Buying 1. Completion of Accumulation & Formation of HH + HLs on Daily & Weekly TF 2. Retest of major breakout completed 3. Bullish...
Wipro Given earlier few months back at 400 odds.. Now may be doing last move of this wave.. Can buy near 513 (can also show 507 as low ) & keep stop loss at 500 odds.. it can achieve 560-580 range in the nest 10-15 days. Risk reward seems great..
Bajaj FInance is in a long term flat correction which started from late 2021 & it can continue for few more months. It loks like in Wave C where it can make a 5 wave fall. Minimum target should be 6443 of this pattern but seeing the impulsive wave it shouldn't stop here & we can see straight fall to 5800 levels then later on 5200-5300 levels. This pattern can go...
Icici may have completed a log ending diagonal & can fall to lower line of ending diagonal for targets of 940 & 900.. Stop loss can be kept at 1050 levels.
M&M Finance may start a rally if it holds 265 zone. Buy in the range of 272-268 with a stop loss of few points as mentioned.. Target can be 290-310 zone..
ITC can start a new run after results if holds 435 levels.. Buy in 4440-445 range with 435 stop los short term or 425 medium term with a target of 500 to 530 levels..
Icici bank may start a new journey to new highs if it holds previous low of 975.. Risk reward looks excellent to buy in 980-990 range for 1030 1065 Targets.. Stop loss should be 975
Tech mahindra may have started iii of 3rd wave.. If this holds right we may see spike till 1600
Sbi may have completed or going to complete 4th wave near 618-608 zone.. Would look to buy on any reversal for targets of 660-690.. Aggressive stop loss can be taken as 618 below closing or 608 below for normal view Also bullish abcd harmonic is made at 618
Hello A warm welcome on this Ichimoku analysis on DIVIS LAB Currently stock in a no fresh trade zone. Key levels to watch either below 4400 or above 4525
Nice consolidation on very crucial support zone. Will create the view on either side breakout... Keep an eye on this.
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of SBIN, I think we are going to see a gap down when market opens next day. That doesn’t mean price going to keep falling. Since we have a demand area as well as a support area near 464; where price gapped up, the price likely to get...
open between 630-635 or resist at 650 then buy at support 630-635 or target are intact see price actions is there higher High only when take entry and sl are given in the chart
Some part of NIFTY's bullish journey might still be remaining!! Nifty exiting the 10-year-old channel and 14-Day RSI now confirming the break shows all signs of bullishness and none for the bears We can stay long on NIFTY as long as there are no major reversal signs in price action or indicators like RSI I can be wrong .....but the top for the market is yet to...
It is in corrective mode and will form ABC correction. Three wave bounce of B wave could use to short sell for C wave down.
It is in 3rd of 5th of 5th wave in impulse sequence.
After reversing from a Bullish AB=CD it formed a Cup and Handle pattern which is indicating continuation of rally towards 1550/1625 & 1700 which also happens to be a trendline monthly resistance as long as it sustains above 1420. Breakout gets stronger on hourly close above 1490 else one can use dips if any till 1450-1435 for an entry. Cup & Handle Patterns are...