SAIL (Steel Authority of IndiaSAIL - has completed its long term correction and has started moving up again. The stock is a good pick for long term as it is likely to make new highs in the coming years.
Sensex
KOPRAN - A Long Term BuyKOPRAN (Log Scale) - The stock has started moving up after correcting almost 80% of the previous wave. This is a long term scenario where the stock will make new highs in the next few months and years.
BANKNIFTY - Diagonal Formation - Elliott Wave BankNifty is currently moving higher and will reach the upper trend line before starting its correction. Bullish moves can be expected for the next few months before the index finally starts correcting the larger move.
Indian Oil Corp (IOC)IOC - Elliott Wave View.
The stock is currently correcting and will likely go higher in wave 3.
Cipla Weekly Analysis Cipla Stock is its support Level and taking a good support. With a beautifull Hammer candle but there is no vol activity so it mabe risky,,,,,,,
But keep eye on this stock. when you see a opportunity grab it.
Do your own Analysis First......
SENSEX Short - Doubletop
Called the last top in October 21, calling this double top in Dec 22.
Longterm bullish on this market but looks like more value to be had at lower prices.
25% target. 31% Stretch target
Best, Hard Forky
Nifty 50 BTST/Intraday Breakout20 SMA has crossed above 50 SMA in the 30 Mins Time frame, A breakout has also occurred. Nifty 50 looks to turn bullish in the short time frame which can be utilized.
Entry @ 17100
SL @ - 0.5%
TP1 @ 1.5%
TP2 @ 2.0%
Note: Only for educational purposes. DYOR before trading or investing.
UPL UPL - Elliott Wave View.
The downward correction remains pending with the formation of triangle. Invalidation at the high of wave E.
SBI (STATE BANK OF INDIA)The idea is based on the Elliott Wave Theory. The rally in PSU Banks seems incomplete and SBI could reach higher levels before making a corrective move.
If the ending diagonal doesn't invalidate, a reversal is likely from the upper trendline.
ADANI PORTS - Risky but worth it The idea is based on the Elliott Wave Theory. The price seems to be correcting after making a 5 wave impulse. This could mean further decline in the stock value while it enters the wave (3). Invalidation level remains at the top of wave 1. (i.e 595)
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.
PFC (Power Finance Corporation) The stock is likely to keep growing in the next few months as it is breaking out of a large range of consolidation.
HINDUSTAN AERONAUTICS (HAL)The idea is based on the Elliott Wave Theory. The current price seems to be corrective in structure which suggests another wave Y could unfold driving prices to the previous levels or lower.
MARUTI (SUZUKI) - Elliott Wave ViewThe stock seems to have completed a 5 wave structure (expanded) and could start its correction phase ahead. The idea is based on the Elliott Wave Theory.
HDFCBANK - Bearish Cycle HDFCBANK - Elliott Wave Theory.
The price seemed to have made a corrective pattern which suggests another bearish wave. Invalid level remains at the previous high.
NIFTY - Elliott Wave ViewThe idea is based on the Elliott Wave Theory.
Nifty has made 5 waves down (Impulse 1), and could start moving downwards again after a small correction (50-60%).
Long Term View:
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.
BPCL - Bullish CycleBPCL - Elliott Wave View.
Pattern suggests a triangle formation, which means a bullish scenario is likely from this level. A move below 300 would be an invalidation to this idea.
MRF - Elliott Wave ViewMRF - Daily Chart based on the Elliott Wave Theory.
As long as the triangle stands valid, the price should correct more downwards. Correction could make further extensions if the next resistance level is broken.
TATA Consumer ProductsThe idea is based on the Elliott Wave Theory. The price is still correcting and will extend to 100% of wave X to 595. Below that level, further extension could be towards 450-470.
RELIANCE - Elliott Wave ViewRELIANCE.
Correction cycle towards 1900 level. Below 1850, could extend towards 1650 level. The stock is forming a WXY corrective pattern.
The analysis is based on the Elliott Wave Theory.
RELIANCE : CMP - 2359Investor POV: KING is Ready to Roar !!
Mota Bhai getting ready for Bulls Party
New ATH + more upside possible.... 3200 is just a number
