tushargupta1991

tushargupta1991 Updated 

Bharat Forge seems to have traced an extended zigzag and is right at the bottom. It's likely that an upmove starts soon (without making a new low). This up move should take it to newer highs.

tushargupta1991

This is in relation to my bullish outlook on this stock. (I've provided the link for original post below too.)

tushargupta1991

This could be a probably path ahead for this stock.

tushargupta1991

This stock seems to be on the verge of starting a sharp up move. It's possible it makes a close new low before going up. The upper TL seems a good target. Following that, it could either break and continue up or could give a fall (for a Triangle possibility) and then up.

tushargupta1991

It's possible that Arvind 0.99% has completed it's A-B-C correction and is on it's way to join the major trend. The above could be a possible path ahead. A fall till the 61% Fib level could be a great place to buy for the move up.

tushargupta1991

BPCL has risen very sharply. One can wait for a correction for sharp moves up.

tushargupta1991

CNX IT possible count. If this count is correct, an impulsive move to the upside should start.

tushargupta1991

Dish TV seems to have broken out of a consolidation. One can wait for a pullback and then go long.

tushargupta1991

Auro Pharma seems to be starting a healthly uptrend. It's under consolidation now. Going long upon the upper trendline break could be a good idea. The safest entry would be on the break of the topmost trendline.

tushargupta1991

MRF seems to be correcting downwards. It could reverse from any of the Fib levels. A move above the trendline would be confirmation that the uptrend has started.

tushargupta1991

Justdial seems to be in an upward correction. We might have a shorting opportunity below the lower trendline break (of the small upward channel) as it happened sometime back. Following this push down, there's a potential for the start of a big up move.

tushargupta1991

We seem to have completed a correction. So next move could be up.

tushargupta1991

NMDC seems to be a good long at least till the upper trendline. Following that it may make one more low, before the start of a long-term upmove.

tushargupta1991

NIKKEI seems to be in a 5 wave move up. We've had waves 1,2,3 and currently it's consolidating in wave 4. We should get a small fall for completing 4.c and then a move up.

tushargupta1991

We seem to be in a wave 3 rise or wave C rise of an extended zigzag. Wave 3/C has reached 161.8% FE of 1/A. Thus, at least a short term pullback should come, at least till 38.2%.

tushargupta1991

Copper is in an uptrend in the 4h/daily chart and is very close to the lower trendline of the channel. It has started moving up. The lower trendline and 61% retracement can act as very good support levels. With those as the SL, this seems a high probability long setup. Target would the 100% FE of the previous impulse up.

tushargupta1991

Tata Steel is in an uptrend and is correcting now. It seems to be on the verge of completing an a-b-c correction. It's likely for an impulse to start from here in the upward direction which could target the monthly chart trendlines.

tushargupta1991 Updated 

Nifty should fall completing final wave for correction. However, it can give the fall from 8295 (Flat pattern) or higher (Expanded Flat) till 8050-8005 (50% retracement of impulse). Then we should get an impulse up.