Once this stock fall and make one low it will start moving up could be impule or one more move for triangle.On a long term view this stock could hit more than 750 zone.
look for buy opportunity when it pulls back and forms the continuation pattern.
The big Wave 4 monthly consolidation is in the sight that could retrace upto 8500 or 7300 zone.Let us see.
Look for sale after completion of structure.
COLGATE PALMOLIVE, CONFIRMED ENDING DIAGONAL IN EXPANDING FLAT.This trade is like risk free confirmed to go short.Minimum 800 target.
CIPLA, DOUBLE THREE PATTERN Also it is equal three on short term lets see how it unfolds.
MANAPPPURAM FINANCE, WAVE 4 OF WEEKLY IMPULSE, right now it is correcting wait for this consolidation to complete then its going to rock more than 120 after testing 65 zone.
RELIANCE COMMUNICATION, IMPULSE PATTERN with reversal formation at the end of the trend.Nobody will belive this stock will go up but the fact is that it will bounce like a hell up.As per shown chart levels.
CHOLAMANDALAM INVESTMENT, Beautiful Regulat Flat pattern forming in Wave 4 on Weekly timeframe, lets see how it unfolds towards 800 level and from there to get long.The downside move is confirmed by the corrective formation.
CG POWER & INDS, Ending Diagonal Pattern this will test around 100 level and the will start falling impulsively towards 25 target.
CESC LTD, Classic Expanding Diagonal Pattern has been completed and it is confirming that soon it will start falling down towards 515 minimum target.
BOSCH LTD it is a Weekly Pennant Pattern and there is higher probability it will break to upside and it could test 30000 Level.
BHARAT FORGE, Showing Bigger corrective structure, lets see if it could take one more down or will continue higher.Its Impulse pattern as per my opinion.