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Adani Transmission in Final 5th Wave (Closing Price: 1869.9)

According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 – 2304 – 2364 levels. And the day traders can expect 1920 – 1946 levels.

Invalidation and accurate entry-level are available for premium members only.

Apollo Hospitals Technical Analysis – Bullish double bottom appears to have formed (Closing Price: 4164)

APOLLO HOSP has formed double bottom pattern formation by retesting strong support of the 4010 level. And if we see consecutive closing prices above to current closing level, then Apollo Hospitals’ shares may come to hit the 4300 – 4400 levels before the month end.

Or if it will break the support level, then don’t buy because that’s the demand zone. And this breakdown can hit hard to this stock. Apollo Hospitals’ stock price may collapse up to 3896 – 3780 – 3670 – 3460.

Ambuja Cements: Head-And-Shoulder Pattern Kick Starts Bearish Outlook (Closing Price: 375.9)

Strong Resistance: 392
NSE Ambuja Cements price recently created a bearish head and shoulders pattern, meaning it will fall. But if it will bounce back and touch 392 level, then invalidation. Otherwise, be ready for the following levels: 360 – 352 – 346.

Jubilant Foodworks May Break Apr 2020 Parallel Channel (Closing Price: 3671.05)

JUBLFOOD is running under the parallel channel from Apr 2020. But this time, its downtrend power is more compared to the previous corrections. Hence, we may see an excess here likes spotted on the resistance trendline. Once it gets done, it will start an uptrend and come back to the control price.

Further information I will update due to market hours for the premium members only.

DLF: Falling, Beginning of a New Downtrend? (Closing Price: 401.15)

If you bought DLF, then don’t take it lightly. The last trading session closing price is below to support level of 407. And if it remains below that, then a downtrend will initiate again. Moreover, DLF prices may decrease up to 386 – 374 – 360.

Invalidation: the downtrend can stop at yesterday’s high.

Naukri Continues To Grind Lower (Closing Price: 5955.70)

Strong Resistance: 6182
When will Naukri stock price stop declining? The uptrend will resume after a breakout of the strong resistance level.

Next Support Level: 5500
Be ready for the levels of 5796 – 5700 – 5660.

HDFC – 5th Wave Opportunity (Closing Price: 3492.95)

According to Elliott Wave theory, HDFC stock price will keep drilling upward. And we may see Housing Development Fin price at the following levels: 2986 – 3049 – 3153. But intraday traders should worry about the support trendline of the parallel channel because HDFC price may try to retest the support trendline before the trend continuation.

Accurate entry-level + Stop loss = Available for premium subscribers only.

TCS: This Rise Is A TRAP (Closing Price: 3492.95)

According to the last trading session, TCS prices may hike up to 3560 from here. But this can be a trap for buyers. Technically, we cannot see an upside rally before retesting of 3400 – 3360 – 3320 levels.

Tech Mahindra Trying To Break All-Time High (Closing Price: 1524.10)

Technically, TECHM is trying to make a new all-time high. The day’s candles are making long wicks from the past four trading sessions. And if you look into volume, tech Mahindra stock is trying to throw out the sellers. We may see 1590 – 1636+.

Moreover, if it breakdown the level of 1460, then beware because this level breakout can stop upside rally. And the stock price may fall up to 1430 – 1380.