08 June 2014

INGVYSYA BANK

INGVYASYA is preparing for a Break above All Time High. There is a very strong delivery based buying alert on BSE. Also there are rumours of take over by Kotak Bank.

Technically the wave count suggests it is in Wave 5 Cycle degree. It seems to be moving in a 5 wave channel move with Wave A & B completed. Now running Wave C and in final sub wave C.
Expect a sharp move with high volumes and break out with further targets of 745-50.


Weekly Chart

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