Digonal advance is noted...Can be shorted after breakdown of the trendline....
Copper since 2011 is showing complex correction.. It has completed a double correction (W-X-Y)...
Nifty is at a very crucial juncture at 8484 lvls...We are in end stages of the 4th wave...I expect this correction to end near 8414 lvls which is 38.2% retracements...In an untoward event if there is a close below this lvl..we may head to 8340-8240 lvs...My gut feeling markets shold hold 8414 lvls...Strategy is to buy the end of the end of the 4th and add till...
Bosch is near to the end of the 4th wave..The 5th of the C has formed an ending diagonal pattern...Buy on signs of reversal for tgts near to 28000.
Short is with stop @ 388 or 415 with tgts of 269, 205 and 167
Buy on dips of 30-40 till 3060 (may not come) for tgt of 4050..
Stock is in uptrend...Buy it on dips for a tgt of 65.
Buy Lupin with stop at 1400 and targets at 1600, 1800 & 2000
PNB is poised for a good correction. Go short...Details in the chart...
Cebbco has moved out of downward wedge....Today it gave a breaout with good volumes....BUy it for short term tgt of 18 - 22..
As stated in the previous post...we have seen a nice advance, we have come and closed near the falling trendline from the august 2015 high...Let us see if we are able to break this trendline and close above it next week...Chart will be extremely bullish if we manage to do it....Buy the breakout traders...
Jet airways after a long traingle break is consolidating...the advance from the lows of 201 seem to be in a expanding diagonal structure...We have hit the bottom of the trendline is it holds well and reverses...tgt can be minimum 795...Trade well...
Gold has finished an impulsive rise and has started correction of the rise...Good retracement should be 50% which should bring gold to around 1200 lvls..Short on rise and do not catch the price..
If the 3 wave is complete at recent top...We can expect a 4th wave correction...till 526, 448 and 385..all these potential lvls may not come...