#Nifty

May get gap filling tomorrow and Wave 2 dip to 17700 or so.

Channel should act as support in closing basis.

More from Mayank Narula

I did this comparison between Aarti Drugs and Tata Elxsi back in Oct when Tata Elxsi was at 1200-1300. Now it is 4200+.

Here is one more stock displaying similar characteristics: Mayur Uniquoters.


#MayurUniq

Coming out of 7 years consolidation.

Weekly and monthly RSI crossing over 70.

Can it do what Aarti Drugs and Tata Elxsi did in last 1 year?


#MayurUniq

Monthly RSI crossed over 70 in Sep'09 and stayed till Sep'11.

Stock did 5x in that time.
I will be a buyer under 13800 levels, but depending upon the reversal on smaller timeframe.

More from Nifty

#NiFTY_50(17141)

Low made 17129.55

Objective 0.382% (17181) #done.

If nifty not sustain above today and high and gap remain gap than more downside open till Fibonacci retracement
0.50%(16893) and 0.618%(16604

#Probability

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