NileshThete

NileshThete

After an impulsive decline a three wave corrective structure has found resistance at 61.8 retracement. Short L&T now. Stop loss as per your risk mangement.

NileshThete

Axis Bank seem to have completed a wave move on monthly charts. Wave 2 is a flat and wave 4 is a traingle. Wave 5 is an ending diagonal pattern. The upside looks near to complete. One can take short position now and add on every rise with a closing stop loss of 770. Expect a decent correction in axis bank in coming weeks and months.

NileshThete

This is nice HNS forming in the left shoulder of the bigger HNS. Break of this would trigger a bigger correction. Longs be cautious.

NileshThete Updated 

A bearish traingle pattern is noted on daily charts. Nice short set up with closing SL at 440 and target of 390.

NileshThete Updated 

Tata Motors after a five wave decline has retraced between 61.8 to 78.6%...It is providing a good short oppurtunity at every rise with a stop of 603....

NileshThete

Looks like we are very near to complete a 44 year long bullrun in USDINR. Prices have moved up from 7.39 in 1974 to above 74 yesterday. Now is time for correction of this 44 year bullrun. Retracement levels: 23.6 at 58 - 59 38.2 at 48 - 49 50 at 41 - 42. USD INR bulls be careful. This is not a recommendation to long or short but a view on the pair.

NileshThete Updated 

Nifty is in long term uptrend....

NileshThete Updated 

Nice inverted head and shoulder pattern is noted. Pattern target 1164. SL 990 closing basis.

NileshThete

After a 3 wave ABC decline and nice impulse pattern is complete at (i) and small corrective decline in (ii) is noted, Buy the stock with SL of 605 and target of 699 and 757.

NileshThete Updated 

Stock bearish decline seems to have matured completely with formation of a nice ending pattern. Stock can be bought now with closing stop below 24 or wait for the break of the wedge and buy. There is a nice bullish gartley on monthly charts. Buy for atleast 2 years time.

NileshThete Updated 

Nifty price action is consolidating in a triangle pattern. Nifty can be bought with stop of 10550 and target of 11200 and 11386.

NileshThete

Lupin has formed a nice ending pattern on daily charts. It can bought now as the sloping trendline has broken.

NileshThete Updated 

BUY THIS BREAKOUT FOR SHORT TO MEDIUM TERM TGT OF 35

NileshThete Updated 

Aksh optifiber after an impulsive rise has potentially finished its sideways tripple zig zag correction. Chart shows beginning of the 3rd wave....Buy it guys..tgts 36, 50, 65 and 74

NileshThete Updated 

VIP industries seems to be in early stages of the third wave..

NileshThete

After a nice downward consolidation there is a five wave upmove breaking the downward trendline resistence. There is a correction going on which should be a good oppurtunity to buy it (on all dips) for good returns in future.

NileshThete Updated 

As stated in the previous update we have indeed started the larger degree third wave....Channel is broken on upside...

NileshThete Updated 

Buy it for long term with stop of 179 for long term tgts of 430 & 621.