BAJAJ-AUTO - SHORT TERM AND MEDIUM TERM PLAN
RELIANCE - GO SHORT SL 1167. TARGET 1012. TIMELINE - 3 WEEKS
INDUSINDBK HAS A PICTURE PERFECT CHART. ALL WAVES ARE MADE TO MEASURE. THIS IS FORMING AN ABC CORRECTION OUT OF WHICH WAVE A IS A ZIGZAG WITH 5TH WAVE AS THE EXTENDED WAVE. THIS MEANS THE COUNTER-WAVE OF THE SAME DEGREE SHOULD NOT BE ABLE TO RETRACE THE DOWNMOVE COMPLETELY, WHICH GIVES US A STOPLOSS OF 1721. THE UPMOVE IN THE FORM OF B WAVE IS ALMOST COMPLETE WITH...
TVS MOTORS I UNDERGOING A ZIGZAG CORRECTION IN WHICH WAVE 5 HAS A 5TH EXTENSION, THIS GIVES US A STOPLOSS OF 569 WITH A TARGET OF 479. HOWEVER, THERE IS AN INTERMEDIATE TARGET OF 497 WHICH SHOULD BE COMPLETED BEFORE THIS EXPIRY
BANKBARODA - AS ON 23 NOVEMBER THE 0-B TRENDLINE IS THE MOST IMPORTANT HERE. THERE ARE 2 POSSIBILITIES A. WAVE C IS AN ENDING DIAGONAL WITH WAVES 1 TO 5 OF C WAVE COMPLETED. THIS GIVES US A TARGET OF 98 WHICH SHOULD BE REACHED BU THIS MONTHEND. THIS SEEMS TO BE A LESS PROBABLE SCENARIO B. WAVE 1 TO 4 OF C WAVE IS COMPLETE BUT WAVE 5 IS PENDING. THIS LOOKS A...
LT HAD MADE AN ENDING DIAGONAL IN THE C WAVE ON THE DOWNSIDE. THIS WAS DEMONSTRATED BY THE FACT THAT THE ENTIRE C WAVE WAS RETRACED IN LESS THAN 1/4TH OF THE TIME TAKEN FOR IT TO FORM. THIS MEANS THAT THE CURRENT UPMOVE IS AN IMPULSE. WAVE 1 AND WAVE 3 OF THIS IMPULSE HAVE ALREADY BEEN COMPLETED AND WAVE 3 IS SLIGHTLY LONGER THAN WAVE 1. THIS MEANS THAT THE 5TH...
WAVE A ON THE UPSIDE FOR TATAMOTORS SEEMS TO BE A 5 WAVE SEQUENCE, WHICH CONFIRMS THAT TATAMOTORS IS MAKING A ZIGZAG CORRECTION. IN THIS CASE, THE B WAVE SHOULD IDEALLY NOT RETRACE MORE THAN 61.8% AND DEFINITELY NOT MORE THAN 79% AND THE C WAVE SHOULD AT LEAST TOUCH THE END OF WAVE A. THIS GIVES A SL OF 172.2 WITH A TARGET OF 201. A RR OF ALMOST 1:3
PLAN FOR MARUTI 1. SELL FOR A TARGET OF 7020 AND A STOPLOSS OF 7540 2. WHEN THE PRICE REACHES 7020, BUY WITH A STOPLOSS OF 6960 AND A TARGET OF 7600 3. SELL AGAIN WHEN THE PRICE REACHES 7600 WITH A SL OF 7800 AND A TARGET OF 6500
TATASTEEL SEEMS TO BE MAKING A TRIANGLE IN B WAVE OF A ZIGZAG CORRECTION. ABC LEGS OF THIS TRIANGLE ARE ALREADY COMPLETED AND CURRENTLY WAVE D IS IN PROGRESS. THE REAL TEST WILL BE WHEN THE PRICE REACHES 540. IF IT REVERSES FROM HERE, TRIANGLE IS A DEFINITE POSSIBILITY AND THEN TATASTEEL CAN BE SHORTED FROM AROUND 570 LEVELS WITH A STOPLOSS OF 590 AND A FIRST...
RELIANCE - plan for next 3 weeks. Go short for a final target of 1018
AXISBANK - LONG TERM VIEW PLAN FOR AXISBANK FOR NEXT 1 YEAR 1. BUY AT 590 WITH A SL OF 555 FOR A TARGET OF 700, WHICH SHOULD BE REACHED WITHIN NEXT 2-3 MONTHS 2. SELL AT 700 WITH A SL OF 740 FOR A TARGET OF 370, WHICH SHOULD BE REACHED IN 2020.
Sell SBIN WITH SL OF 292.9. A RISK REWARD OF 1:4. . ONLY FOR 19 November
THERE ARE 3 POSSIBILITIES IN NIFTY 1. THE UPMOVE FROM 10012 COULD BE THE START OF A NEW IMPLUSE 2. THE UPMOVE FROM 10012 COULD BE THE B WAVE OF ABC CORRECTION WHICH STARTED FROM 11760 AND A WAVE OF THIS B WAVE OF THE ABC CORRECTION STARTED FROM 10118 3. THE UPMOVE FROM 10012 COULD BE THE B WAVE OF ABC CORRECTION WHICH STARTED FROM 11760 AND C WAVE OF THIS B WAVE...
FOLLOWING ARE THE OBSERVATIONS IN HDFC. 1. THE DOWNMOVE FROM 2050 SEEMS TO BE AN IMPULSE WHICH SHOULD BE WAVE A. 2. IF THAT IS THE CASE, WAVE B SHOULD NOT RETRACE MORE THAN 61.8% OF WAVE A, WHICH GIVES THE MAXIMUM PRICE TO BE 1900 3. THE C WAVE IN ABC UPMOVE IN A SMALLER TIMEFRAME, WHICH IS A PART OF THE BIGGER B WAVE SEEMS TO BE MAKING AN ENDING DIAGONAL, WHICH...
ENDING DIAGONAL IN THE C-WAVE OF ADANIPORTS. THE PRICE SHOULD TOUCH 300 WITHIN NEXT 2 WEEKS
Ending Diagonal Pattern of ICICIBANK. Price Target Rs. 50 in next 2-4 years.
ICICI Bank has formed a head and shoulder pattern. It is a throwover as on 15 April. Target 200
INFY HAS FORMED A TRAINGLE IN THE 4TH WAVE WHICH WILL BREAK AND END THE 5TH WAVE AT 1270 AT LEAST.