Nifty 20th november

Hi friends
                  Nifty reached to the 61.8%  of the fall retrace yesterday and was struggling to cross that looking for a reaction at this juncture and see if it looses steam or goes sideways ,Today would decide further move of nifty for next few days .

The bullish part its trading above the trendline .

Regards
Rish

>BPCL long term wave counts

Hi friends,
                  Let us see how elliottwave helps in constructing a trade set up and how on each time frame we can apply it.
Bpcl on long term charts look to be in C of big ABC

Now looking at the structure of C it looks to be making a ending diagonal with e leg running
ie last abc is on a is over b running after which c rally can start towards 450

look for a nice long trade in this script around 300-310 for a handsome gain of 20-30%.

>Bharti Airtel Elliottwave Analysis

Hi friends,
                  Bharti has been move in contracting channel for years together ,According to the present structure it can stretch max till 380-400 ie the d leg of C ,I would be looking to book longs and see for shorting opportunity near resistance ,The e leg can take this stock all the way to 250 levels ,From where a multi year bull market can start in Bharti airtel.

If the resistances are breached the expected fall may not materialize ,Keep the stock on your radar..

Regards
Rish

>Indiabull realestate technical analysis

Hi friends,
                     India bull realestate is forming a nice pattern lets see how it performs after this
I saw a falling wedge breakout in it and its retesting the breakout line again (58-56) then it can rise
towards 72-75 .

Risk is less in this trade idea as supports are nearing.