My earlier message about this scrip is void. It was only till the expiry which was today. This sector has seen too much of negativity in the short run. Technically, the price has broken the downward pattern. It has to test the high to contemplate a run downwards. 86 is the short term target and 91 for medium term **if the short term goes well**.
Hi Guys, after this abc correction look for another down move in axis bank.
Strategy: Buy @ 2407 ------------------------------ TCS was on uptrend and correcting it's uptrend after hitting 2700 resistance zone. Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can...
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.
In continuation with the previous posts on Nifty, there seems to be a good long opportunity to new highs now with a great reward to risk ratio. I'm holding all previous longs too with an SL of 8670. If it breaks the lower trendline (and SL gets hit) then will be looking for going long later or shorting as per the trend then.
JUSTDIAL waiting to buy on bottom flag pattern continuing
As per our previous post NIFTY reached our resistance level of 8650 level. From this point we can expect consolidated upside for next 45 days. For august Month Downside we can expect 8400 and upside also limited 8750.
This is in relation to my bullish outlook on this stock. (I've provided the link for original post below too.)
This could be a probably path ahead for this stock.