1. Nifty
+WW can be observed in Nifty 60 mins chart and triggered as well.
Buy above 6692.50 (triggered), tgt 1- 6734.30 (done) & tgt 2- 6802 keeping SL at 1-3-5 line
+WW can be observed in Nifty 60 mins chart and triggered as well.
Buy above 6692.50 (triggered), tgt 1- 6734.30 (done) & tgt 2- 6802 keeping SL at 1-3-5 line
1-3-5 line values for 5th May are:
10am - 6682, 11am - 6680, 12 - 6678, 1pm - 6676, 2pm - 6674, 3pm - 6672, 3.30pm - 6670
2. Hindalco:
In 60 mins chart, Falling wedge pattern can be observed:
Breakout above 131.50, tgt 1- 133.50, tgt 2 - 136.35 keeping SL at 130.55
In 60 mins chart, Falling wedge pattern can be observed:
Breakout above 131.50, tgt 1- 133.50, tgt 2 - 136.35 keeping SL at 130.55
3. IDFC:
(i) 116.40 - 113.65 (2.75)
(ii) 113.65 - 115.85 (2.20)
(iii) 115.85 - 110 (5.85)
(iv) 110 - 112.85-110.30-xxxx (if a=c, then c.(iv) may end near 13.25& (iv) should not go above 113.65)
OR,
(iv) 110 - 112.85 (2.85)
(v) 112.85 - yyyy (yyyy should touch the lower trend-line (aprx 105)
Sell between 112.50 - 113.50, tgt 106-104, keeping SL at 113.70
(i) 116.40 - 113.65 (2.75)
(ii) 113.65 - 115.85 (2.20)
(iii) 115.85 - 110 (5.85)
(iv) 110 - 112.85-110.30-xxxx (if a=c, then c.(iv) may end near 13.25& (iv) should not go above 113.65)
OR,
(iv) 110 - 112.85 (2.85)
(v) 112.85 - yyyy (yyyy should touch the lower trend-line (aprx 105)
Sell between 112.50 - 113.50, tgt 106-104, keeping SL at 113.70
4. PNB (60 Mins)
+WW Pattern in 60Mins charts. Line 1-3-5 triggerred at 773.70.
Tgt 1 - 784.80, Tgt 2 - 802.70, SL - 1-3-5 line at 773.70
+WW Pattern in 60Mins charts. Line 1-3-5 triggerred at 773.70.
Tgt 1 - 784.80, Tgt 2 - 802.70, SL - 1-3-5 line at 773.70
Triangle can also observe in this chart:
Buy above 783, tgt 1- 794, tgt 2- 812, SL 777.50
Sell below 773.70, tgt 1- 762.60, tgt 2- 744.70, SL 779.25
5. PNB (Daily)
Rising wedge in daily charts
Broke below: 783.75, Tgt 1 - 757.60, Tgt 2 - 715.30, SL - 791.10
Rising wedge in daily charts
Broke below: 783.75, Tgt 1 - 757.60, Tgt 2 - 715.30, SL - 791.10
6. Tata Steel
Falling Wedge can be observed in 60 mins chart:
Breakout above 391, tgt 1- 396.20 and tgt 2 - 404.60, keeping SL at 388.10
Falling Wedge can be observed in 60 mins chart:
Breakout above 391, tgt 1- 396.20 and tgt 2 - 404.60, keeping SL at 388.10
good one - see today tata steel rallied from 391 to 406. It is going for a big swing to 447 - kindly confirm from ur charts.
ReplyDeleteHi Janak, happy to see that pattern did work today. I have not seen chart yet, will see is there anything more for us.
ReplyDeleteFrom EW perspective, I believe correction is gng on after big run from 332. From 432.90 till 388, seems A of ABC is done and now B is unfolding. Post that it seems another 45 rs downmove is on the cards, before it starts its (iii) wave.