itc meet our initial target of 232.50 now buy near to 226-227.50 level for a target of 238
intial target of 232.50 meet now again on support near to 226-27 level will take it to 238 level
IT IS TRADING near to its resistance zone let us see if it breaks the same for a target of 230 or profit taking drags it down
longs can target price of 625-40 where some profit booking expected as trend resistance.
inverse head and shoulder in bank nifty chart and bank nifty will take nifty higher
probable bank nifty movement on chart . to bottom out soon and C wave to begin
currently we are in B down wave probable target of 37050-100 after that C WAVE to begin .
cadila weekly chart support area in 4th down wave should take support at 410-14 level, once crosses 435 level will lead to first wave in 5th up
some sort of negativity is developing in nifty hourly chart once breaks 18150 its velocity of downfall will get aggregated .Appears like US market may have big declines today watch out today night. Expansion may have started on downside , so it is better to be on side lines
trend line resistance at 435-40 level distribution at higher level sets in sell at present level to enter at 410-15 level
deepak fertilizer sell at present price and wait for correction to 535-36 level to enter again as it is near to trend line resistance and MACD and RSI also in overbought stage
heavy volume on Friday took the share to 53 week high of 111 and was freeze over their ,public holding is very low of 26 percent compromising of institutional holding also it has a number of projects of lignite mining,flourspar,bauxite, other metals,power generation through lignite ,wind farm and solar power having significant cash balance also buy with a minimum...
after taking support at 187-88 level as told in my previous tweet share makes a first wave at 208 and takes support at 200-202 level in second wave now if crosses 208 with volume you will see a level of 232 first target AND 255 SECOND TARGET as can be seen in elliot calculation