Vedanta Head and Shoulder

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.

SAIL flag flying high

SAIL target of 100 can be achieved if there is breakout from flag.

Wockhardt reversal

Inv HNS pattern

Target 800

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.

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.