Ajayadav

Ajayadav

Bank Nifty formed Contracting ED in its C wave. A reversal is seen which will be confirmed as it crosses 23065. Therefore Long positions can be initiated from there with 22400 as SL for target of 24000 in short term.

Ajayadav

Zee has done its bottom and ended with Ending Diagonal triangle on weekly chart which is clear indication of reversal. from 114 to 210 it made the first impulse wave and from 210 it corrected 61.8% and made wave 2 at 134. now the stock is making wave three whose first possible point will be 280 and thereafter 380. moreover, the move from 134 to 225 is quite steep...

Ajayadav Updated 

Fresh Long position can be initiated around 158 for Target of 175.

Ajayadav

Stock has broken the flag pattern on 1 day charts. Also, it has completed its wave 4 and entered in wave 5 with sub wave 1 of wave 5 a LD Triangle. Targets as per the current pattern is 1900 and 2030.