Tuesday, August 21, 2018

Maruti wave analysis

Maruti is still consolidating and the pattern is evolving.
In my last post Maruti wave analysis .I had posted about 
the level of 8900 which has still not come .

The stock has still potential for 8900 which is 61.8% retrace of the 5 up impulse .Also the lower trendline of wedge.If the expected fall eludes we have a option of buying above 9230.
the level above break of wedge .Lets see how the stock moves further.The pattern is in advanced stage make or break soon. 

Monday, August 20, 2018

Federal bank wave analysis

I had posted about fedbank in old post.
Federal bank wave analysis ,Lets see present 
scenario.

The stock trading in X wave ,Got a good dump today ,Its most probably due to more business in kerala and due to kerala floods the business would get affected .Markets mostly reacts to such events .On chart it looks if 75 is held the stock can rise back to 90 levels and further towards 95,98.Lets see how the stock reacts in coming days.