NIFTY index is currently in the 4th wave of correction of intermediate wave...it will be an ABC move as shown in the chart.....A leg might end at 17302 where the B leg of u move will start and might go up to 18k where the C leg of down move may start which will take NIFTY down to 17042
stock is heading towards the meeting point of R3 picot point and the channel top which is at 181.7
reliance infra has broken out of cup & handle pattern...........height of the cup which is 282 is the target for the stock
stock is at a good support....S&R support, Fib.support, channel support etc...etc...all in all, a fantastic buy...
Stock is at trend line support, 38.2% fib.support and channel median support....entry, stop and exit levels clearly indicated in the chart itself..
Stock is at the pitchfork median.......has been taking support at the median for the last few sessions indicating strong support....one can go long at cmp with a stop i ATR below the swing low and take profit at 61.8% pitchfork median.......entry, stop and take profit levels indicated in the chart
rationale for buy call is.....confluence of 1. 50% retracement, 2 161.8% fib.extension.3.channel median and 4. 200 dma
Stock completed the 4th corrective and started the 5th impulse......go long...
Stock completed the 4th corrective and about to begin the 5th impulse.......go long and mint money....5th wave likely to end at 515...
stock is trading below the neckline of H&S pattern.....i see 2080 level soon..