Nsestocks
RSI Bullish Divergence in NSE: TRENT 1D Chart In TRENT, there was a down-trend. Now, down-trend is over and a new trend is getting established.
There is RSI Bullish Divergence in 1D Chart. Stock may come down a bit in short team (like next 1 week).
Overall, if the new trend establishes itself, stock may go up in mid-term.
TATAMOTORS - Elliott wave analysis - 5th wave up It is in 3rd of 5th wave up of larger degree cycle. The stop loss level is 296.85 and target level will be above 360.
LT - Elliott wave analysis - 5th wave up It is in 2nd of 5th wave up and the stop loss for the set up is 1359.25. It will go above 1600 to finish the cycle.
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.
Hindalco - Elliott wave analysis It completed 5th wave of impulse cycle of larger degree from major bottom and therefore it should correcting down. But wait for impulse down wave to confirm the down sequence.
If it is moving in sideways then it is probably extend the 5th wave up and go higher much more.
Coalindia - Elliott wave analysis - 5th wave It is in 5th wave down and will drop up to 124-121 level.
Bhartiartl - Elliott wave analysis - ABC zigzag It is in abc zigzag move as B wave of ABC zigzag down, which is about to end. Then C wave down will start unless B wave will form complex sideways correction. If the drop will impulse down, then there is a chance of C wave down.
Adaniport - Elliott wave analysis - 5th waveIt is in 4th of 5th of 3rd wave of larger degree. The sideways pull back is a long opportunity for 5th wave up in 30 min time frame for target around 900 or higher. The stop loss is below 755.30.
TECHM - Elliott wave analysis - ABC zigzag down It is in wxy double zigzag correction down after completing impulse up cycle at last high. The last drop is impulse A wave and is under progress. So wait for B wave bounce to trade for C wave in double zigzag down.
TATASteel - Elliott wave analysis - Correction It completed impulse at last top and 5th wave was ending diagonal. The down move was choppy so expecting sideways correction. It can bounce up to 750 before it starts going down below 650.
TATAMOTORS - Elliott wave analysis - sideways correctionIt completed impulse at last top. The down move is abc zigzag so expecting sideways correction, means initially it will bounce and then fall again down below 280.
SBIN - Elliott wave analysis - 5th wave It starts 5th wave up soon, but wait for channel breakout to confirm the up trend. After trendline breakout the low will be the stop loss for the long trade.
M&M - Elliott wave analysis - ABC correction It is in correction mode as ABC down. B wave is in progress and should bounce up to 870-80 level and then it will start C wave down.
LT - Elliott wave analysis - 5th wave up - need confirmationIt looks like 4th wave finished and now just started 5th wave up for new high. Wait for impulse up as 1st wave of 5th wave up in 5 min time frame to confirm the trend.
HDFCLIFE - Elliott wave analysis - ABC zigzag down It is in choppy correction WXY. The drop was impulse A of Y and now it is in B wave which would bounce up to 710-720 level before it starts C wave down. B wave can take little more time to finish before it drop in C wave.
ICICIBank - Elliott wave analysis - ABC correctionIt has completed ABC zigzag move in uptrend. The drop was double zigzag wxy and it was over. So next move will be likely abc bounce if it able to hold the low of 569 then it may go up to 610-630.
HCLTech - Elliott wave analysis - ABC zigzag of Y downIt is in double zigzag correction as WXY. B of Y wave is in progress as corrective move and soon will finishes. Then C of Y wave will move down.
Cipla - Elliott wave analysis - ABC as (X) wave in progress It has completed impulse at last orthodox top and dropped in ABC zigzag down. So the next move would a choppy bounce of (X) wave in complex correction cycle. Wait for A wave bounce to confirm the start of (X) wave for reference. When (X) wave will finish, it start dropping down again in (Y) wave.
Reliance Ind - Elliott wave analysis - ABC zigzag down as (Y) It dropped in impulse A wave of (Y) wave down. The B wave is in progress and can go up to 2130 when nifty bounces. Once it finishes the B wave, it will start dropping down in C wave, which is the bearish trade set up.
Banknifty - Elliott wave analysis - Choppy bounce It has completed impulse cycle in 2 hr time frame and correcting the in sideways correction. Now it should go higher from current level along with Nifty.
Nifty50 - Elliott wave analysis - Bounce time It has two possible Elliott wave count at current level. (1) it has completed the impulse cycle started from Corona low and now correcting the whole move in sideways correction. OR (2) it is in 5th wave of 3rd extended wave and will keep going higher. In both the cases the common cycle is small bounce. So stay bullish until it holds the last low in 10 min time frame for target around 15100 or higher level.
