Thursday, February 23, 2017

>MRF wave structure

Hi friends,
                    MRF had a super run ,It made a triangle and broke it up ,Sure many would have bought that breakout ,Ever since the stock kept dragging down (slow drop ) .
The above chart shows the triangle and the retrace after breakout which has retraced .Lets see the fall closely. On a hourly chart .

The hourly structure shows a triple zigzag unfolding wxyxz right now in z .Stock looks to do good in march expiry should be bought in dips ,This can target 56000 easily.

Tuesday, February 21, 2017

>APOLLO HOSPITAL wave structure

Hi friends,
                  Checked a interesting chart APOLLO HOSPITAL.The chart has got clear waves.
let me put the chart.

The chart shows us how the stock topped by making a wedge or ending diagonal in elliott wave terms
From there the stock started to drop and the stock fell in pattern and made a wxy correction which is labled in chart,Look at the parallel channel the stock is maintaining in the correction,1330 is steep resistance now for the stock,