Maruti broke its previous highs-a big psychological resistance of 10,000 and finally retested. Can enter at CMP 10,100 with SL 9,800 and Target above 12,000+ short term and a possible multi-bagger stock for the long term. Risk: 300 points Return: 1900 points RR- 1:66
AMARAJABAT had broken its trendline into a new Impulse a year back. The stock has managed to come to complete a Triangle wave 4 and is ready for a new leg of Wave 5 CMP 580, Target a minimum of Wave 1 which comes out to be ~700 A small SL of 34 points i.e. ~546 which is the support of A-C Trendline
7th time near its Crucial Zone, and a good support trendline. A less risk high return trade above 1200 (CMP 1197) with SL 1150 and a target of 70%
Trendline Breakout Best entry above 1200 close price, Risky entry at CMP 1184 with SL 1155 and target 1280+
ONGC good for long entry at CMP 136.5 with SL 132 and targets of 155, 167 and 200+ levels
Broke its daily trendline after it consolidated heavily near 400 Can enter a long trade with 5% risk at CMP 420, with SL 400 for short term targets of 460, 480 and Bigger Targets of 560, 600+
TCS very bullish at CMP 3217, SL 3160, Targets- 3400, 3500, 3700 TCS just broke out of a year long downtrend, and with less than a 3% risk, one can aim for amazing returns. This idea is based on the pinbar on the last trading day and for a better trade, advisable condition would be a breakout above 3275 with an SL of previous swing.
EXIDEIND, Daily. CMP 159, SL 150, Target 175, 185, 220+
HDFCAMC CMP 2069, SL 1900, Target 2200, 2400, 3322
Taking support at trend line. One can enter at CMP ~ 14500 with an SL of previous low ~ 13800 and sit tight till atleast 18000
IDFC First Bank has almost completed its correction and retested the bottom thrice, completing second wave. and might enter into third after it breaks 44 with the minimum target being 52 points leading it to 90.
BN has been in correcting channel for a while now. Given it breaks current last 15 min low, it is possible to retest the lower end of channel. But if it breaks today's high and sustains for 30-45 mins, possible fast upmove.
Today, nifty gap opened nearly 200 points which appears to be the end of its first leg of the final wave. It is going to correct till 14700, its 38% retracement in 3 waves. a Long position would occur near that place! LONG NEAR 14700!!!
As per my analysis, GBPUSD will be ending its E wave of the 4th wave nearly soon enough. the confirmation will happen when it crosses the previous high of the e-wave in time less than that of forming the last wave!
i believe there will be a hurdle to bank nifty near 33400, resulting in a path till 32600 in 3 waves. that is, unless, it crosses 33400 w a nice green candle!
Neo Wave Theory, assuming Nifty is in a complicated 4th wave since feb 2020 fall, the wave is a 3-3-3-3-3 Triangle with e-wave nearly completed awaiting a breakout