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The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Devang Shah. The information contained herein is based on my analysis of the Charts. I,however,do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The Investment discussed & recommended on this website may not be suitable for all. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent Views, as they believe necessary.
While acting upon any information or analysis mentioned on this website, investors may please note that neither Devang Shah nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. I may hold long or short positions in the securities/commodities discussed herein from time to time. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities.

Stocks

FRIDAY, AUGUST 12, 2016

VIEW POINT: (Investment Ideas) - From wave count perspectives:

1. POWER GRID: CMP-176

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It looks like beginning of wave-iii of 3 upwards rally for power grid at current levels as per quarterly chart attached. One can BUY with SL-146 for the higher levels targets of 224 initially in Medium term.

2. BHARAT FORGE: CMP-823

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It has wave-V up pending as per quarterly chart attached. It may be high possibly of completion of wave-IV correction at recent bottom. Risk reward is favourable to BUY at current levels. One can BUY with SL-600 for the higher levels targets of 1400++ initially in medium term.
3. TCS- CMP-2732

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TCS has wave-V up pending at current levels. It may be high possibility of end of wave-IV correction or consolation. Risk reward is favourable to BUY at current levels. One can BUY with SL-2400 levels for the targets of 3050-3250 levels initially in medium term.

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