HNS TARGET is around 620-560
old consolidations 660,570,508 (if tatapower had been trashed like nifty or rel it would be closer to 500 right now.
watch the res near 790-800 from the upper end of the triangle
Follow the technical levels
triangular action res: 800
my targets 670-600-550
tatapower p.e 20 ish
REL p.e 12 ish
tatapower bv: 426 ish
rel bv: 477
rel cmp 505
tatapower 790
i think the two will converge. only caveat: remember the saying the market can remain irrational longer than you can remain solvent.
Last excuse to short: bearish wolfe wave , though not a perfect one
Wolfe would predict a very sharp decline to 480 ish
Update:
Triangle developing as expected abcde all done now for breakout below 695-670 area
that will open up the targets of 567-565 and 527 (which is this triangle's technical target)
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