tanrakesh47815

tanrakesh47815

As per fibo extension target of 3076 approx. we might be near to long term target as negative divergence is being observed in day chart and end of 5th wave trail your stops as wave might get extended to 3200 level.

tanrakesh47815

We are approaching resistance zone of 534-36 and end of wave 1 in hourly chart already Rs58 rupees gained in 2-3 days .Book your profits and wait for some correction to set in for further gains.

tanrakesh47815

positive div . Took support at .618% of previous rise trg of 144 once crosses 160 will show more power and 3rd may come into play.

tanrakesh47815

POSITIVE DIVERGENCE near to major support zone . down 5 ending . The stock is trading at price to earnings (PE) ratio of 8.82. This is 30 % lower than its 5 year-average of 12x.High Book value of Rs500.ROCE 22.9 % Company is almost Debt free . Profit growth of 26.3 % CARG over last % years. enjoys a 55% market share in the seamless pipes segment serving a wide...

tanrakesh47815

In corrective wave after 3 wave up in 4th wave first support is at 109 and if falls below it might come near to 85-90 zone which is the maximum streach zone .

tanrakesh47815

in 4th c wave should correct to 190-99 range before any upmove in 5th wave .

tanrakesh47815

Cyient Ltd. has recently formed a symmetrical triangle pattern on its weekly and daily candlestick chart. This pattern is characterized by converging trend lines, indicating a period of consolidation before a potential breakout. forming higher low also .

tanrakesh47815

are we near to resistance at 20600-800 as 1.61% fibo extension .Let us see if it goes above this or faces TOP here.

tanrakesh47815

ITC- HOURLY-- Hit our 1st 5th wave trg of 464-65.40 and now heading toward fibo support 1 and 2 ( 442-446 ) LONGS TRG 494, 540 as given earlier.

tanrakesh47815

Heading toward 51200 after breakout of cup and handle level of 38000 and with fibo ext also we get the same target .Nifty IT can give legs to nifty in getting to next level .

tanrakesh47815

Zensar 2 trg 889 and 1012 was analyzed at 240 level. Keep trailling stops till trg.

tanrakesh47815

BASF --30 MIN in corrective mode it might perk up to 6000-6050 level. Present correction to last till 5540-5580 . Stops for longs 5400 . This chemical stock to give good quarterly result expected . 1 TO 2 yearly trg above 7500 as inverse head and shoulder formation in monthly chart.

tanrakesh47815

ITC- 15 min chart-- heading toward 5th wave 464-65.40 and correction to fibo to support 1 and 2 ( 442-446 ) LONGS TRG 494, 540 as given earlier.

tanrakesh47815

SPIC--heading toward 113-14 range once crosses 114 likely to make multi month high MARCH qtr was bad due to floods and renovation of plant inspite of it company declared a dividend .likely to make multi month highs in times to come.

tanrakesh47815

TN PETRO-- like MANALI PETRO( anti dumping duty on its finished product ) company to give good result in qtr June ending and times to come we have a target of 147 and 191. inverse head and shoulder pattern seen. 3rd wave can target 147 easily.

tanrakesh47815

for our long trg of 494 first and 540 second on a smaller scale of 15 min c wave down target is near to 444-446 buy their for a long trg of 5th wave above our 3rd wave is 460 and can extend as breakout of trendline.

tanrakesh47815

trendline resistance is at 454-56 range and target of 3rd in 5th wave is 494 and 541 second trg .trail your stops accordingly on dip toward 440 cn be accumulated again.

tanrakesh47815 Updated 

We are in Expended Flat -rule is Wave B retraces 1.27 to 1.382 area of A or 1.382 to 1.618 zone rarely more than 2 of wave A . Wave C usually extend to 1.618 of A or it retraces 1.618 of wave A sometimes when C wave is extended it goes to 2.618 of wave A size. calculation B is 1017 and A is 779 approx i.e B wave is 1.30 % of A. Now C wave calculation is simple...