COAL INDIA 2H CHARTCoal india Given Good Trendline Break-out,
And it Looks good Above 137,
Can show 169, and 180 Levels.
With SL of 2H candle Close below 136.
Desclaimer
These are just my views for education purpose only.
I am not any type of Advisor or tips provider.
Consult your Financial Advisor before investing or trading.
Sensex
Banknifty - Elliott wave analysis - 5th wave up Banknifty is in 5th wave after triangle break out as expected earlier. Stay long until the price is remains above 12982 for target around 13450. There is a huge divergence in different indicators indicates sharp fall after achieving the target in 5th wave.
Titant to cool off after a great rally Great up move was witnessed from 1260-70 zone and reached the upper trend line 1370-80area, soon we can see profit booking and am expecting price to fall.
Target 1300 TP1
Target 1240 TP2
Remember it can still jump from 1300 so try booking partial profit and wait for TP2 with tight stop loss.
For upper side if price hold near 1300 we can soon see 1400 and above.
Good luck every one
INFRATEL (NSE) - Sell set up - Elliott wave analysisInfratel - It is in very choppy within 4 hr time frame with down sloping price action and under-perforing the Nifty since long. So it is good sell candidate in small bounce of B wave for C down within ABC zigzag cycle. It may even extend the losses for bigger (Y) wave down, but need more confirmation. sell near 188-86 zone with stop loss above 195.05 for target zone below 174 or lower.