atvel75

atvel75

Ambuja cement is at the critical low. If it breaks the trendline, it may go up to 440- 450. A positive close may complete the correction trend and look for upside.

atvel75

Made recenet low at 375 and started making 5 wave impulse upward move. It is currently in 5th wave. 1 = 5, may reach 422. Closing above may lead to 430, 445

atvel75

In larger timeframe, Maruti broke 50% retracement level of 8177. If it goes further down, it may go down to 7850 which is 61.8% In case of any bounce back, it came up to 8370 (23%) and if stretches, it may come up to 8500 (38%). Change of direction can come only after 8720 (close and cross)

atvel75 Updated 

Muthoot has completed 5 wave movement and getting into a correction.

atvel75 Updated 

JSW steel is forming cup and handle form. Currently it is in the process of forming the cup (when the price reaches 731). It may form handle in case if it does not break out 731. If it forms handle, it may come to 710.

atvel75

With the latest news on steel sector (removal of export duty tax), JSW steel may outperform among the lot. It may spend some time around 740 to 760 levels before it surpasses it's all time high in medium term.

atvel75

TCS is currently travelling in the upward channel. It may go up until it breaks the bolded trendline. In case it breaks, it may come down ~ 3280 - 3300 by end of this expiry Incidentally, 38% of retracement from Jan 22 fall comes arond 3358. Closing above may lead to ~3500 which is at 50%.

atvel75

Tata steel is forming a 5 wave decline in hourly chart. If wave 1 = 3 means, it may touch ~102. Please share your thoughts