Larsen

L & T

A wolf wave in making...

On daily chart its in consolidation mode for more upside,

but it needs to come down first,

Trading a Wolf wave in formation.

Wave-4 already done at 1521 looks like & wave-5 may bring it down till 1400 below levels.

keeping a sl above recent high of 1521 on Hourly closing basis.

A good risk reward trade setup.

Maruti another chart

Posting one more chart of MARUTI.

A fall can be near by soon.

A gartley in RSI which is the biggest reversal pattern.

all details on char.

Maruti

Maruti

Yesterday posted good results but Price fells after result.

Maruti completed a ABCD pattern at 5950 around

Now looks like a short term top done in this giant.

Till 6050 saved can say a move below yesterday low is possible

IDEA

Idea

looks like ready to move up

Posting 2 Charts

1. 4 hourly which shows script ready to fly with support from RSI too.

2. Hourly chart which indicates a Gartley pattern can confirm a spurt in this.

Long here & add nxt near 74 with a SL below recent low.

Nifty & Banknifty update

Posted charts of both index few days back with trade plan on it.

Now posting updated charts of both as some levels are voilated in both index.

Still view is bearish

Spot Chart now

Tata Steel
A Wolf wave completed in it

Shorting opportunity below 422 along with RSI confirmation yields good trade setup.

Holding period may be 1.5-2 months for 355 around level

Once triggered than hold with recent high.

For entry a bar opening below trendline is essential

Nifty & Bank Nifty Charts & Trades

After a good run up from bottom both index now at resistance zone

So attempting a Low risk high reward trades here.

Levels are posted in Charts itself along with reason to enter a trade.

All fut rates & charts

Nifty & Bank Nifty Charts & Trades

After a good run up from bottom both index now at resistance zone

So attempting a Low risk high reward trades here.

Levels are posted in Charts itself along with reason to enter a trade.

All fut rates & charts

Nifty Update

Nifty till now 8505

Trading in same diagonal since last posted.

Today gap up & now at 8590

Now wave counts showing 2 pictures

Nifty might be in ABC waves in which we are in wave C which minimum expectation coming at 8470 which is still pending.

Another one is Nifty down in 5 waves from 8806 which is Beginning of WaveC
 Till now yesterday move looks like wave iii completed at 8505 & wave iv running of a complex correction which must not break 8625 in any case to get the counts right.

Projection of wave v coming at 8479-8443 which might hit by Thursday or Nxt Monday..

TechM a nice setup formed

A  bullish ABCD pattern completed on Daily time frame

Now 417 must hold for upside

immediate resistance at 450 now

All future rates

Auro Pharma

Chart showing completion of wave-3 done at 882

Wave-4 running which can touch trendline support at 800 around

Wave-4 in ABC form in which wave-A done 882 to 785

Wave-B completed in a irregular correction pattern at 899

Wave-C running since which must break below 785 sooner or later

Bank Nifty 

 

Bankex falling in a diagonal shape in 5 waves since its recent Top from 20575.

Expecting 18877/18622 to completes its last wave-5

Unless otherwise it not crossing 19813 

All are spot levels

Nifty showing a new pattern

A down move in Diagonal shape

I cant say its a Flag but more similarities with Diagonal pattern

It may be a Broadening wedge or Gramophone pattern

What I am getting is a 5 wave down move with wave-4 completed at 8806

And Projection of Wave-5 coming at 8480-8393 range

Here waves are overlapping which is nature of Diagonal pattern