As per my lost post i am expecting 8400 level on august month but nifty fell to 8500 and it consolidates through out this month. As per my wave count August month top ended with C of 3rd wave. On September month i am expecting more sideways movements from Elliott wave and also ASTROLOGICAL prospective. Stay away from market upto SEP 22 - 2016 and then enter buy...
DHP India just seems to be starting a major uptrend. It's possible we're at the wave 2 low and hence a great opportunity to go long. RSI has also taken support at the 40 level. (Confirmation of wave 2 low would be after a close above the UTL.) Ideally, wave 2 shouldn't be broken. A move and close inside the 0-B trendline could be a big spoiler for this count. ...
Both Cairn and Vedanta are going to pull each other. Vednta has just broken 500DMA and will be a free fall from here until it finds support at 50DMA. Extremely rewarding trade with upside of 13% and stoploss of 2% CAIRN chart is corroborated with drop in USOIL prices. It is a high conviction trade.
Hourly charts : Looks set for a brakout above 382 levels. Volumes seem to be encouraging Daily charts : Doji followed by a big white candle with good volumes. Combining both of the above it looks set to retest its previous highs of 400 levels. 375 can be a SL.
Longer time frame. Decent risk reward ratio of 3x. LUPIN seems to be settling above 200DMA and the next resistance is at 1878. It should reach there in a month or so.
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch...
Bharat Forge seems to have traced an extended zigzag and is right at the bottom. It's likely that an upmove starts soon (without making a new low). This up move should take it to newer highs.
This is in relation to my bullish outlook on this stock. (I've provided the link for original post below too.)
This could be a probably path ahead for this stock.
It's possible that Arvind 0.99% has completed it's A-B-C correction and is on it's way to join the major trend. The above could be a possible path ahead. A fall till the 61% Fib level could be a great place to buy for the move up.
Highly favourable trade. Found support 2nd time at 200DMA and inside bar indicates trend reversal for the stock. Falling crude prices also bolsters the view. It is a text book example of triangle formation and should breakout on the upside.
Engulfing candle. Ripe for correction. Should find support at FIB 38% retracement level. Extremely favourable risk reward trade.
Bit late in publishing this idea. Call was given at 725 level and its already down to 704,but further downside expected upto 650 levels easily. Engulfing candle has also appeared, which has reinforced the view. At 650, it will complete FIB retracement of 38%.
Results were bad and guidance is dismal. Technically, Infosys is all set to test 200 WMA and may find support around 945 levels. There is good 10-12% immediate downside visible from here. Fundamentally, Infosys is trading at 15-16 1 yr forward-looking multiple. Given guidance of 10-11%, it is surely going to get re-rated along with the whole of IT sector.
Flirting with 200DMA. If breached, no resistance in sight till 163 levels. Maintain stoploss at 135. It has shown good breakout from resistance level of 135.
Reversal of sorts at the higher end of the channel. It should correct upto 125. Extremely favourable risk reward trade. Stoploss at 138.5
1.) 50MA is crossing 100MA 2.) It has broken resistance at 173 convincingly Looks all set to touch 198