Vedanta have given breakdown and is confirmed head and shoulder with target of 260.
NIFTY at crucial support
Today's fall has brought NIFTY at the support which is very crucial. As it is a bottom of a rising wedge. Fall below this clearly means we have initiated a bear phase.
This might start the reactive wave as given earlier.
This might start the reactive wave as given earlier.
United Spirits Breakout
As given earlier there was double bottom indication here. Now fresh buying is seen and it has given breakout above resistance trendline giving Target of 3700
United Spirits double bottom
On long term chart there is clear double bottom in this counter and one can buy with target of 3000.
Nifty wave count
Tried to put Elliot wave count for Nifty. As per this count earlier target of 11000, is expected to end the current impulse wave 3 and we will enter in complex reactive (bearish phase) wave 4.
MCX Resistance to Support
After breakout in nifty as identified earlier. Now market is turning bullish and there are more stock counters showing bullish sign.
MCX has given a good bullish indication of Resistance becoming support. This makes support of 1075 a significant support for next quarter or two.
Target of 1375 in short term can be achieved. If it breaks above 1375 next move can be predicted.
MCX has given a good bullish indication of Resistance becoming support. This makes support of 1075 a significant support for next quarter or two.
Target of 1375 in short term can be achieved. If it breaks above 1375 next move can be predicted.
Nifty at critical level
Nifty close above 9000 will be very good signal for next bull run.
It gives target of 11000
Let us wait for the final breakout signal.
It gives target of 11000
Let us wait for the final breakout signal.
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