Heromotoco - Elliott wave analysis - C of (Y) waveit is in C of Y wave bearish as double zigzag cycle until price remains below 2952.
Niftystocks
TATAMOTORS - Elliott wave analysis - CorrectionIt is in impulse drop as wave A from last swing high as five wave sequence finished. It is in 5th subwave of A wave drop and can go slight more downside before bouncing in B wave as ABC zigzag bearish cycle. It may form double top pattern.
LT - Elliott wave analysis - 5th of 5th wave up It is in 4th of 5th of 5th wave and form small corrective price action before it go for new high towards 1670 level.
HCLTech - Elliott wave analysis - C of ABC flat correctionIt is in sideways flat correction, where C wave is in progress. The 2nd subwave is bouncing and go higher before it starts 3rd subwave down towards 900 level. The 1053 level is invalidation level for the set up.
Grasim - Elliott wave analysis - ending diagonal It seems like the 5th wave ending diagonal is finished or may take little time to finish. It will go bearish below 1461 level and expected to go up to 1350-1250 zone.
Bajajfinserv - Elliott wave analysis - 5th of 5th wave It is in 3rd of 5th of 5th wave and above 12302, it is remain bullish for target zone aove 13580 or higher level. But once it break the uptrending channel and fall below 12302, it is turning choppy to bearish for correction.
Asianpaint - Elliott wave analysis - may correct soonIt looks like the impulse cycle finished at first look. The confirmation level is 2965, means below that level it is going to correct, but above 2970 level, it can extend higher for slight upside more as Nifty is yet bullish and in 5th of 5th wave.
TataSteel - Elliott wave analysis - 5th waveIt is in 3rd of 5th wave in impulse sequence up started from 1050.
Reliance - Elliott wave analysis - C of ABC flat patternIt will start 2nd wave correction in C wave as ABC flat bearish correction.
NestleInd - Elliott wave Analysis - C of ABC zigzag It is in2nd wave correction of C wave as in ABC zigzag bearish pattern.
Infy - Elliott wave analysis - 5th wave - triangle breakoutIt will start the 5th wave after triangle breakout as 4th wave above and will go above 1610 level.
Britannia - Elliott wave Analysis - C of ABC zigzag It is in ABC zigzag pattern as (Y) wave. 2nd wave will start soon in C wave.
Adaniport - Elliott wave analysis - ABC zigzag correction It is in B wave correction and will form abc zigzag to finish it. c of B wave will go up to 785 before it starts the C wave down.
Muthootfin - Elliott wave analysis - triangle will break nowIt is in impulse up and expecting 5th wave up now after 4th wave triangle break out. Buy above 1502 with stop below 1454 for target above 1560 as quick sharp move, if it breaks the level with high volume.
Adaniport - Elliott wave analysis - ABC zigzag correctionIt already completed the impulse cycle started on daily time frame and started the correction. The drop was impulse wave A and B wave is in progress and expected to go higher as c of B wave around 760-790 zone before it move down as wave C.
TATASteel - Elliott wave analysis - impulse It is in 4th of 5th of 5th wave correction before it goes for final push. The correction will be either triangle or sideways as 4th wave before it goes up as final move.
ONGC - Elliott wave analysis - ABC zigzag It is in B wave as abc correction in larger ABC zigzag corrective cycle down. C will start once the B wave will finish the corrective move.
Hindalco - Elliott wave analysis It completed 5th wave of impulse cycle of larger degree from major bottom and therefore it should correcting down. But wait for impulse down wave to confirm the down sequence.
If it is moving in sideways then it is probably extend the 5th wave up and go higher much more.
Bhartiartl - Elliott wave analysis - ABC zigzag It is in abc zigzag move as B wave of ABC zigzag down, which is about to end. Then C wave down will start unless B wave will form complex sideways correction. If the drop will impulse down, then there is a chance of C wave down.
Adaniport - Elliott wave analysis - 5th waveIt is in 4th of 5th of 3rd wave of larger degree. The sideways pull back is a long opportunity for 5th wave up in 30 min time frame for target around 900 or higher. The stop loss is below 755.30.
NIfty view for 6th April Sell On Rise
Disclaimer: We are not SEBI registered analysts.All information/calls posted here are for educational purpose only.
MARUTI - Elliott wave analysis - correction down It dropped in zigzag wave, so it is possibly bounces in zigzag or flat correction as wave (X) (or B) wave. The current move is the part of (X) wave and bounces up to 7600 to 7800. Then only it will go down in next zigzag down. In bigger time frame it can form ABC flat also and in that case it can go up to 8200 level as alternate count.
Reliance Ind - Elliott wave analysis - ABC zigzag down as (Y) It dropped in impulse A wave of (Y) wave down. The B wave is in progress and can go up to 2130 when nifty bounces. Once it finishes the B wave, it will start dropping down in C wave, which is the bearish trade set up.
