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RELIANCE - The stock has started an impulse downside. As long as price is below 2583, the bearish count would remain intact and a strong fall could be seen next in the wave 3. This idea is based on the Elliott Wave Theory. Manage any Investment/Trade with caution and risk management.

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TCS remains at a crucial resistance level. While a move to 3580 could trigger a bullish scenario, price below the level has a bearish touch. This is only an idea. Any trade/Investment should be made with proper risk management only.

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AXISBANK - A correction downside is a possibility as it seems to have completed 5 waves up. A resistance (trend) line can also be seen which the price has rejected. A downside break opens up opportunities for selling.

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A follow up on the previous idea: The market seem to have completed the structure. As long as the price remains below the Invalidation level, the bearish view remains active. The monthly candle also seems to be closing inside the structure which supports this idea. This is only an idea based on the Elliott Wave Theory. Manage your own risk while trading/Investing.

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MARUTI - The current structure can be assumed as an ending diagonal. If the structure holds, we are likely to see a reversal soon with corrections towards the 7,000 mark.

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Natural gas seems to have completed a long correction. 5 sub-waves upwards can be seen. Above the low of 2.15, wave 3 can be expected with targets towards 4.8

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This idea is based on the Elliott Wave Theory - involving the use of ending diagonal pattern. An ending diagonal suggests an end to the ongoing trend (in short-medium term). It involves 5 sub-waves and is mostly broken downwards (or upwards) with a heavy momentum. Overall the market seems to be completing its 5 waves structure too (wave count mentioned in...

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ICICBANK is completing an ending diagonal pattern which suggests that prices could reverse soon as a part of correction. Further confirmations can only be made after price breaks the structure (downwards). This is only an idea based on the Elliott Wave Theory. Manage your own risk while trading or Investing.

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This chart is based on the Elliott Wave Theory. If the price holds above the Invalid point we can assume the wave 3 is under development. Targets can be 600 and above.

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HINDCOPPER. This idea is based on the Elliott Wave theory. The stock has been under correction and would likely resume the uptrend.

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This idea is based on the elliott wave theory. The last upmove can be considered a wave 1 followed by an abc correction. We are likely to see a wave 3 move upside with targets towards 40.

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NIO is starting to move upward after forming an ending diagonal. This is likely a larger trend continuation and the wave 5 could extend to new highs.

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AFFLE INDIA. The stock is forming a large triangle as a form of consolidation/correction.

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The idea is based on the Elliott Wave Theory. The analysis suggests that an impulse cycle is completed which started in Jan 2009. Based on this count, we are likely to see one more wave down (c) which completes the correction cycle. The minimum correction point would be 38.2 fib which is at 3200 and then the 50% fib (2700 level). Wave b often takes time to...

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COAL INDIA. This analysis is based on the Elliott Wave Theory. Manage risk while trading/Investing.

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The ending diagonal pattern suggests a retracement coming after the pattern completion. Price may begin to turn downside around 1,15,000.

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WOCKPHARMA has completed a long term correction cycle and now could be a good buy with targets above 2,000 in the long term. The invalidation for this analysis remains at 135.20 (marked level).

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SAIL - has completed its long term correction and has started moving up again. The stock is a good pick for long term as it is likely to make new highs in the coming years.