almost all the stocks mentioned few days back have achieved their tgts.bharti, m&m, banks etc.
one stock i am hugely bullish on is exide industries for tgt of 150+.cmp is 130.
gone long today in it.
however sensex is at crucial 17650 levels as mentioned and hence selling pressure will be seen in a day or so.how string is the reaction will determine the next upleg.
yes, another stock i have liked esp. today is Icici bank. it looks ripe for a short sweet and rapid upmove.
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Hi Vipul : On SPX you said that you don't agree with the Nelly's structure. What is the alternate that you are seeing?
ReplyDeleteCheers
initial drop of a-b-c is ok. after that i believe that spx is in a neutral triangle or expanding one (less likely)
ReplyDeletei dont think his seconf x-a-b-c is the correct label.