#SMLT is breaking out of a nice bull flag - Bullish!#SMLT is breaking out of a nice bull flag - Bullish!
I have much higher targets for this stock. Solid fundamentals!
Indianstockmarkets
TataSteel - Elliott wave analysis - 5th of 5th wave It is in 5th of 5th wave with high degree of slope and therefore expecting it to continue go higher up to 1580 as target zone in current cycle.
Reliance - Elliott wave analysis - C of ABC flat pattern It is already in 3rd of C wave down as the part of flat correction, where 2nd subwave is in progress and expecting small bounce before it resume the further downside. It should remain below 2134 to confirm the count in current corrective bounce. But if it crosses above 2134, then it can form expanded flat 2nd subwave of C.
