Nsestocks
HCLTECH - Elliott wave analysis - choppy HCLTECH - It has completed ABC flat correction as the part of complex WXY. Now X wave is in progressing. So wait for X wave to finish higher around 880 or above. Thereafter Y wave will again start bear cycle downside.
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EICHERMOT - Elliott wave analysis - Go short on bounce EICHERMOT - It was dropped in diagonal wave A and will start correcting in B wave up, so go short near 2175-2230 zone with stop loss above 2304 for target below 2040 or lower. The pattern ABC will be the part of (Y) wave down.
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Can Hindustan Petrol reach a target of 203 from 171? As per my analysis, Hindustan Petrol NSE:HINDPETRO is currently trading at demand zone. In history, the price has bounced of multiple times from this zone. This could lead to pushing the price upwards towards 203.
Please do let me know in case my understanding is incorrect.
EICHERMOT (NSE) - Elliott wave analysis - sell on bounce EICHERMOT - It is in complex correction and the last fall in 15 min time frame was impulse down as wave A and need to correct higher in wave B. So sell it with stop loss above 2303.10 level near 2220-45 zone for target below 2100 as C wave as the part of W of (Y) wave down.
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Bajajfinserv (NSE) - Elliott wave analysis - buy set upBajajfinserv - It is in WXY complex correction from bottom and possibly in Y wave up. Y wave will unfold in ABC. Wait for B wave to end to trade C wave up. B wave can go little lower. Buy with stop loss below 5733 for target above 6200 once the C wave CONFIRMED.
if HDFC Closes above 1950, Good Long OpportunityHDFC made Double Bottom (as seen in chart), after that it tried breaking out but was not successful, until now, if it closes above 1950 Long can be initiated with SL of 1948. Increased volume can be seen. Target 1 is the long term trend line(visible on chart) which can act as resistance.
CADILAHC Good for Long If Breakout decisively over 433This is my first trade idea. CadilaHC looks good for long if decisively breaks 433 with SL of 429. It has made a long head and shoulders low. Keep an eye on turnover also. If it goes back without breaking or after having a whiplash, it can be shorted for very short term.
CADILA Healthcare price at Trend Line Supportprice at support and holding will check tomorrow if price hold or not
will take position when volume comes