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.
Sensex
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.
IOC - Elliott wave analysis - ABC zigzag bearish sequence it is choppy in 2 hr time frame and drop was impulse wave A, so expecting a bounce of B wave up to 110 before it go down further as C wave as ABC zigzag down.
Divislab - Elliott wave analysis - 5th wave impulse It is in 3rd of 5th wave and expected minor high before it correcting in 4th subwave. It is expected to move higher again once the correction will over as far as it holds the trend channel.
Hindalco - Elliott wave analysis - 5th waveIt is in 5th wave and expected to go for one more high after a three wave corrective pull back of internal degree. The target zone will be above 500 level.
Britannia - Elliott wave Analysis - C of ABC zigzag It is in 2nd subwave correction of C wave of (Y) wave down as discussed in earlier update. Any three wave bounce up between 3530-3630 zone will be good short sell trading opportunity for next move down as C wave as far as it remains below 3707 as invalidation level.
Bajajfinserv - Elliott wave analysis - 5th of 5th wave It is correcting 4th subwave of 5th of 5th wave and will be expected as flat or triangle correction before it finally give one more high towards the target zone of 15490.
Asianpaint - Elliott wave analysis - ABC correctionIt completed the impulse 5th wave as discussed in previous update. The drop was more like a wave A impulse, so any three wave bounce will be a short sell trading opportunity for C wave as ABC zigzag down as far as price remains below 3180.
Nifty50 - Elliott wave analysis - 5th waveIt started 5th of 5th wave up since the low of 15513 and will continue move higher as the part of impulse sequence started from March, 2020 low. The expected target zone is 16300-400 in current cycle in 1 hr time frame.
JSWSTEEL - Elliott wave analysis - ABC flat correctionIt is forming ABC flat pattern, where B wave is progressing as wxy and expecting more upside before it turning down for C wave.
Hindalco - Elliott wave analysis - correctionIt is in sideways complex correction as WXY in progress. Until price remains below 405.75, it is considered to be bearish and can go more downside, but if price crosses above 406, then X wave will continue moving higher.
Reliance - Elliott wave analysis - C of ABC flat pattern It is in 2nd subwave as expected in earlier updates in C wave of flat ABC correction. Probably it will reverse down from 2180-2220 zone for 3rd wave down.
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.
Britannia - Elliott wave Analysis - C of ABC zigzag as (Y) waveIt is in C wave of ABC zigzag. Any pull back as 2nd subwave of C wave can be short sell for more downside.
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.
Nifty CNX 500 index - 5th of 5th wave It is in 5th of 5th wave until price remains above 13436 and target would be above 14100 approx..
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.
