Hi Friends,
Today I'm Posting my Wave counts on Few Stocks which might be ready for medium to long term Trend Reversal.
ACC
ACC formed Head & Shoulder pattern. After
break down the stock retested the neckline, which seems to be wave B
Pullback. It is expected to decline in wave C to 700 to complete the
head target.
ASIAN PAINTS
Stock seem to have completed extended wave 3 near
560. It formed an Ending Diagonal in (v)th wave. Move below 520 may
signal start of next leg down. Stock may drop to 340 or even 250 in wave
4 down.
AXIS BANK
Axis Bank seem to have completed pullback in wave 2
or B up near 1260. The stock closed below short term EMA supports. Move
below 1160 would signal start of next leg down. As per wave equality
stock may drop to 490 in wave 3 or C down till March 2014.
HDFC BANK
HDFC Bank seem to have
completed pullback in wave 2 or B up near 690. The stock closed below
short term EMA & Channel supports. Move below 655 would signal start of next leg
down. As per wave equality stock may drop to 490 in wave 3 or C down till March 2014.
HDFC LTD
HDFC LTD seem to have
completed pullback in wave X uo near 865. The stock closed below
short term EMA support. Move below 815 would signal start of next leg
down. As per wave equality stock may drop to 570 in wave Y down till March 2014.
ICICI BANK
ICICI Bank seem to have
completed pullback in wave 2 or B up near 1140. The stock closed below
short term EMA supports. Move below 1000 would signal start of next leg
down. As per wave equality stock may drop to 660 in wave 3 or C till March 2014.
DR REDDY
Stock seem to have
completed wave 5 near 2500. It formed an Ending Diagonal in
(v)th wave. Move below 2350 may signal start of next leg down. Stock may
drop to 1600 in next wave down.
TATA MOTORS
Tata Motors has formed huge weekly Ending Diagonal
Pattern.. The pattern seems to be complete near 400. Move below 370
would signal a start of huge correction. Stock may drop to 210-180 in
next 12-15 months.
Thanks & Regards,
Harsh Dixit.
Today I'm Posting my Wave counts on Few Stocks which might be ready for medium to long term Trend Reversal.
ACC
ACC |
ASIAN PAINTS
ASIAN PAINTS |
AXIS BANK
AXIS BANK |
HDFC BANK
HDFC BANK |
HDFC LTD
HDFC LTD |
ICICI BANK
ICICI BANK |
DR REDDY
DR REDDY |
TATA MOTORS
TATA MOTORS |
Thanks & Regards,
Harsh Dixit.
1 comments:
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