Scrips to watch

Watch Idea, R Capital, R Com, SBI for next upmove. Wait for breakouts to buy.

Hindalco gave a good breakout today.

Dish TV gave a good breakout

Hindalco

Hindalco seems to have completed its correction and has started to look up. Buy with a stop loss of 2 Rs.

Petronet LNG has completed its correction and is going strong. 

Delta Corp, Dish Tv

Dish Tv, Delta has also similar patters as BOB, SBI etc.. Wave 5 up has started in Delta. Dish TV is in Wave 3. Decent 30-50% upmove can be expected.
MCX : Wave 3(3) seems to have started.  Looking for a target of 700-750+ in 3-6 months.

BOB, Yes Bank

Both the banks are showing similar chart patterns. An a-b-c correction seems to have ended in daily  charts. Macd has also started to look up. 3-6 months target should be a decent 30-50% return.
Many other banks including SBI may be showing similar patterns.

Tata Steel, Crompton, Voltas having similar patterns are moving up well.

Hindalco

Hindalco can be a good bet from here on upside. SL 97.5.
12.35: Exit Hindalco. Not showing enough strength.

Crompton

Crompton 3(ii) looks complete. Buy for the larger upmove now.

Tata Steel

Tata Steel: Correction seems to have ended at 360 (target price given earlier). Wave 5(3) up has started.
 SL 360. Target 400+.

Arvind

Arvind looks to have done a 5 wave up from 65 to 156. Correction has just begun.
23.6% at 134.7 & 38.2% at 121.36.
Wave wise A= 156 to 138
B= 138 to 153.7
C has begun. SL 152.

Maruti

Maruti Booked profit.
LIC Housing Target :190-185, SL 204.
1.45 P.M.:   Took profit in Tata Steel.
                    Short Ongc. SL 280. Target 270.
3.10 P.M. : Book Profit Ongc, Lic, Nifty, BN.

TATA STEEL, MARUTI

Revise SL Tata Steel 380, Maruti 1670.

Tata, Maruti

Tata steel is in favor. SL 387.
Maruti Leg down has started. SL 1690.

Tata Steel

Tata Steel seems to have completed a 5 wave upmove at 392, made a double top and has started falling.
Seems to be in wave c2 down. Likely targets around 360.