>>>Weekly Chart Published as on 29th Sep Weekly Review <<<
>>> Click the chart to see on full screen <<<
As we gave on 29th Sep, mentioned about the possibilities of moving up till 6500. So lets see what happened as given below.
>>> Happened and Yet to as per weekly chart <<<
>>> Click the chart to see on full screen <<<
Last week upmove seems like moving towards the target as expected earlier. Weekly RSI break out also seems more positive. So more fire works expected before diwali.
>>> Nifty - Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price broken out of the channel and moving towards previous high as marked with red colored arrow. If breaks above the previous high then should reach the given targets. Watch out MACD also for break out which may add fuel to the upmove.
>>> Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Channel line and counts are changed from previous week as the mentioned on friday post. Now 5 wave upmove is ON and Price moving on the last leg of upmove. I expect this 5th wave should be lengthier than 3rd wave. Lets See.
>>> Bank Nifty - Hourly <<<
>>> Click the chart to see on full screen <<<
Bank Nifty had a two alternative, First one should be bearish one if unable to break above the channel. The a-b-c-d-e shall be Wave B and a fall may start for wave C on the downside if unable to break above the channel.
Second alternative shall be bullish and may move up is able to break above the channel as 5th wave move as 1-5.
A bullish break out shall help Nifty to move up fast. Interesting days to come as Banking Licence and Monetary Policy nearing.
>>> Block Buster Charts of the Week <<<
>>> HCL Tech <<<
>>> Click the chart to see on full screen <<<
HCL Tech broken the wedge and fell down. Yes we made some good profit. Expect more fall coming and I advice sell on every rise for a good fall.
>>>> JP Associates <<<
>>> Click the chart to see on full screen <<<
Jp Associates - We had a Long position from 43.50, Part Booked at 44.50.
>>> Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
First Target met and Booked more profit. More upside in next week also.
>>> LT <<<
>>> Click the chart to see on full screen <<<
LT hit both target.
>>> FLOP OF THE MONTH - BPCL <<<
>>> Click the chart to see on full screen <<<
Initiated Short on BPCL earlier on 07th Oct as the wedge broken down. Instead the Price consolidated and moved up. See what happened as below given chart.
>>> Happened <<<
>>> Click the chart to see on full screen <<<
Booked Loss and Exited.
>>> PERFORMANCE <<<
>>> Click the image to see on full screen <<<
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