Gujrat Gas - 1st Target Achieved as shared in earlier Post

1st Target is nearly achieved yesterday 05 Dec 2019 in a few days.

Achieved 20% so far in within 40 days...

Power of Simple Technical Analysis.

Friends, You can refer my earlier post where probability of success is shown....
http://yogeshtamkhade.blogspot.com/2019/10/gujrat-gas-keep-in-watchlist-for-flag.html

Regards,
Yogi
NISM Certified Research Adviser

For Research based advisory services for portfolio...

Contact 9922446118 / 9923074822
Email - yogitamkhade@gmail.com

GUJRAT GAS - Keep in Watchlist for Flag Breakout

Date - 28 Oct 2019

Should be in the Watch List
Flat Pattern & Good Consolidation is ongoing..

Breakout of Consolidation will invoke an entry above 196 for Pattern target of 230 & 270 with stop of 165

Yogi

PRAJ IND - Follow up - 70 days low cycle works perfectly as per anticipated

70 Days low Time cycle works perfectly as show in the earlier post.
You can review it here http://yogeshtamkhade.blogspot.com/2019/09/praj-industry-70-days-time-cycle-low.html

13% captured on this move as per anticipated.

Current downmove is looks to be proper channelized and this correction is looks to be W-X-Y-X-Z as per Elliott wave study. The current move is in X2 wave and Z will expecting...

We are marking it X2 as this upside doesn't shows the characteristics of reversal and impulsive wave.

The chart also shows alternate corrective labeling of abcdefg a 7 wave correction.... in which g wave is expecting down side...

Since this Z or g wave will consider as last wave of any corrective or sideways correction. hence be alert to capture the next big wave on upside...

Praj Industry - 70 Days time cycle low formed recently

Praj Industry - 70 Days time cycle low formed recently

Daily Chart - Downtrend
Elliott wave - Corrective is ongoing on daily Chart
Time Cycle - 70 days Cycle Bottom happened 22 Aug 2019
RSI - Inverse Head & Shoulder on RSI chart

Praj Ind - Daily Chart

NIFTY 10 Jun Onwards......

NIFTY Daily Chart - 

* Elliot Wave - Intermediate 2nd Wave of 5 is near to end and Need reversal on upside. If it happen then, 13000 is on the card Soon.

* Candlestick Hammer Pattern Observed on Friday.. If it top break on Monday then upside movement may start. 

* 11600 is the Stop for Complete upside rally...

* RSI Nifty Chart  Shows Hidden Divergence Positive on Daily Chart.

All this evidence shows upside movement possibility on Monday onward towards the target of 13000 where Stop can be 11600.....