RCOM (5 mins):
5 waves completed from 113.60 to 119 as i of (i) of 3. Currently ii of (i) of 3 is unfolding. Retrace for the rise from 113.60 to 119 are as below:
117.73, 116.95, 116.30, 115.66, 115.03, 114.68
Probable +ww pattern in making in 5 mins chart. Price need to go below 117 and then close above it for 2 5 mins candle to trigger.
Tgt 1- 117.65, tgt 2- 118.65, SL - 1-3-5 line (117-116.50 aprx) post trigger
Tata Steel (60 Mins)
Given are the probable EW counts in TS 60 mins chart. If counts are correct, then ongoing correction should not breach 406.20. Below retrace values can be used for probable end of iv.
415.46, 412.26, 409.60, 406.98, 404.36, 402.94
In 5 mins chart, fall from 420.70 till 43.90 can be taken as a of iv, then below counts seems probable:
a 420.70 413.90 (6.8)
b 413.90 418 (4.1)
c 418 xxxx (if a=c, then xxxx could be 411.20; Min c can be 413.80 (which already done=> it means, if prices dont go below 413.80, then probably iv is over at 413.80))
Bharti Airtel (Triangle 30 mins)
Buy above 313, tgt 1 - 316.85, tgt 2 - 323, SL at 311.10
Sell below 308.50, tgt 1 - 304.65, tgt 2 - 298.50, SL at 310.45
Jindal Steel (Rectangle in 60 mins):
Buy above 249.4, tgt 1 - 255.90, tgt 2 - 262.40, SL at 246.15
Sell below 236.40, tgt 1 - 229.90, tgt 2 - 223.40, SL at 239.65
5 waves completed from 113.60 to 119 as i of (i) of 3. Currently ii of (i) of 3 is unfolding. Retrace for the rise from 113.60 to 119 are as below:
117.73, 116.95, 116.30, 115.66, 115.03, 114.68
Probable +ww pattern in making in 5 mins chart. Price need to go below 117 and then close above it for 2 5 mins candle to trigger.
Tgt 1- 117.65, tgt 2- 118.65, SL - 1-3-5 line (117-116.50 aprx) post trigger
Tata Steel (60 Mins)
Given are the probable EW counts in TS 60 mins chart. If counts are correct, then ongoing correction should not breach 406.20. Below retrace values can be used for probable end of iv.
415.46, 412.26, 409.60, 406.98, 404.36, 402.94
In 5 mins chart, fall from 420.70 till 43.90 can be taken as a of iv, then below counts seems probable:
a 420.70 413.90 (6.8)
b 413.90 418 (4.1)
c 418 xxxx (if a=c, then xxxx could be 411.20; Min c can be 413.80 (which already done=> it means, if prices dont go below 413.80, then probably iv is over at 413.80))
Bharti Airtel (Triangle 30 mins)
Buy above 313, tgt 1 - 316.85, tgt 2 - 323, SL at 311.10
Sell below 308.50, tgt 1 - 304.65, tgt 2 - 298.50, SL at 310.45
Jindal Steel (Rectangle in 60 mins):
Buy above 249.4, tgt 1 - 255.90, tgt 2 - 262.40, SL at 246.15
Sell below 236.40, tgt 1 - 229.90, tgt 2 - 223.40, SL at 239.65
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