H&S on Mindtree Hourly ChartMindtree seems to be forming a H&S pattern. If the neckline breaks with good volumes then it could be a 600 point fall (as per height of the head formation). Keep an eye!
NSE-NIFTY
IRCTC still has a lot of steam leftIRCTC gave a flag breakout with good volume. Flag pole is not a straight line move but still very quick so chances are it could move nearly the same amount.
CCL Products Buy opportunity for short termClaimed 400 support on todays session with good volume. 426 is good spot to book profits.
Always maintain strop loss based on your risk.
Bajajfinserv - Elliott wave analysis - 5th of 5th wave It is correcting 4th subwave of 5th of 5th wave and will be expected as flat or triangle correction before it finally give one more high towards the target zone of 15490.
Sail about to Break out on DailyThe chicken is coming out of the egg. Keep an eye.
Simple price action, no Jazz.
Heromotoco - Elliott wave analysis - C of (Y) waveit is in C of Y wave bearish as double zigzag cycle until price remains below 2952.
LT - Elliott wave analysis - 5th of 5th wave up It is in 4th of 5th of 5th wave and form small corrective price action before it go for new high towards 1670 level.
#Larsen #LT an inverted head and shoulder on 30 m #sharemarketThis is on a 30 min , it will surely take some time to move up but keep an eye .
Simple price action, no Jazz
Grasim about to breakout on dailyThis is a classic triangle breakout setup.Keep your alert button on.
Simple price action, no jazz.
#Maruti inverted Head&Shoulder on daily #sharemarketInverted HNS on Maruti is created on daily however I feel there would be some struggle till 7909 (Futures) is crossed and sustained then an entry should be taken.
Simple price action, no jazz!
long AsianpaintLong opportunity on Asian Paints as it is on the verge of breaking the descending triangle and the Stock is on an upward trajectory on the longer time frame
The sleeping monster will wake up soonThe scenario looks extremely in sought to make a huge movement. Do not miss this chance.
-0.5 fib support .
-Dimond pattern.
-Initial breakout in smaller time frames.
low adx indicating huge movement to be brought in the coming days in either of the directions.
TCS intraday position for 23/04/21Disclaimer: for education purposes only and not recommended for trade
Intraday position for #TCS for #intraday on 23/04/21 and each line has it's own entry and exit point.
JSWSTEEL - Elliott wave analysis - 5th wave up It is in 5th wave of larger degree. The internal 4th of 3rd wave is in progress and will go up once it finished sideways correction.
United sprits to have some good times aheadAs the festival season all around the world, demand for alcohol to rise which can give benefits to all good alcohol making companies.
From my point of view from next week we can see some good rally in the counter
TP1 - 610
TP2 - 640
&
TP3 - 670
Keep stop loss below 550 good luck everyone.
MARICO - Uptrend If market continue current trend - MARICO can go to 450-475 lrvrld in next couple of sessions.
Currently trading on trend line -- if sustains above - clear Long oppertunity.
Add to watch list - trade as per trend.
DAY TRADINGMight be a possible day trade
*Strong Resistance Line: It is already pushing the stock down
*Selling Zone: The resistance Line is pushing it to the selling zone
*Buying Zone: The buying zone is bellow the selling zone and probably might come in action
Infosys - All poised a decent correction ? Stay cautious I usually prefer a 3-hour time frame chart to understand the longer trend of the stock.
IT stocks have had a stellar rally since the March lows and it seems to me that the bulls are finally getting tired before they get active all over again.
Infosys the beast is showing some serious negative divergences on a 3-hour time frame. Additionally, the dollar index is also looking to bottom out in near time :)
Infosys can correct till 1020-1050 in near short time :)
