05 August 2015: Stock Chart Analysis for intraday: RELIANCE, BHEL and TATASTEEL

RELIANCE (988.00)
Buy above 996/SL 991/ Target 1005-110|| Sell below 980/ SL 986/ Target 970-965

BHEL (281.80)
Buy above 284/SL 282/Target 288-290||Sell below 278/ SL 280/ Target 275-273

TATASTEEL (256.30)
Buy above 260/SL 258/Target 265||Sell below 254/ SL 256/ Target 250-248

I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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