HDFC ABC Continues

Hi friends,

                 Let me show tonight how a stock pattern is formed slowly ,The only reason 

a trader misses a pattern is the time consuming nature of pattern formation.

This HDFC chart we can 

see how continuous abc 

formation is seen this is

third abc (zigzag ) in it

still early in the pattern but

if a=c then a fall till 870-865

can be seen after which the stock

should reverse ,Track this stock

its one of the super heavy weight

in nifty ,Lets see how this moves in coming sessions .

Regards

Rish 

Nifty wave counts 28th may

Hi friends,

                Nifty continue to move above 7200 keeping both counts alive :).

with expiry approaching fast a decisive move is on for sure .

Lets see the chart structure.

A squeeze kinf od structure is forming

near 7300 levels ,Lets see if nifty continues to be in the same range or

tries to break that range.Once the range breaks i would post the further

structure because as of now 2 counts 

are active once it confirms 1 count i would go further with the same count

and post its further move so keep eye on 7200 as long as that holds Nifty looks fine ,

Below 7200 we get new lower levels.

Regards

Rish 

Nifty wave counts 27th may

Hi friends,

                  In my last post Nifty i mentioned about B up and a rise coming towards 7350+

Looks like the c wave stretched and we hit 7500+ and fell brutally in a fast move.

Lets look at the chart.

This count says we 

finished B at 7500+ and

have started C down for 

a target of 7070.

This count is bearish and nifty 

can target 7070 if a=c and can

stretch if it goes below that.

Another count i have in mind if we hold 7200 which would be bullish abcde count

as shown in picture below.

This count suggests of we hold

7200 we can have this move 

coming up.Lets see how

nifty moves today

this being expiry week 

move can be volatile 

keep an eye on levels

to see what move 

emerges.

Regards

Rish 

Indiabull real estate breaks out

Hi friends,

                 Indiabull realestate comes out of down channel its showing exciting trend ahead lets

see the long term picture. The stock has corrected 850 levels to a low of 40 in 4 years.

 From the top the structure

looks to have made 

abcde and it has broken

out from that channel and

suggests a new upmove after 

finishing abcde ,This stock 

is buy in dips ,It can retrace back to 

test breakout support or near

that buy in steps ,Target would 

be about 200 rs in a year time max ,Keep this stock on radar .

Regards

Rish

Stocks go in 3rd wave spin (Modi effect!!)

Hi friends,

                  We are witnessing one of the best time since 2008 midcap rallies,Stocks  just 

took off and are not looking back.I had given many stocks here on blog they did exceptionally

good Dredge corp has doubled in matter of 45 days ,Let me put the chart.

From the chart we can see how 

brutal move this has been 250

to high of 570,This is characteristic

of 3rd wave sift and fast move 

and it continues in overbought move

Agolden rule here Big moves usually 

come in overbought (Up) and oversold

(down).So now important point here 

is the stock has almost reached 1.6 of

wave 1 which comes at 600 levels

One need to be carefull near these 

levels profit booking can emerge and a 4th wave consolidation may happen before further move up.

This is still an anticipation according to wave analysis so don't book out before confirmation 512 would

be a good trail .

The next big stock which was caught at right time was Reliance capital 

This stock also ran fast enough 340 TO 550+  let me put a bigger chart for relcapital

to see what is the bigger picture.

We can see from the chart the

stock has finished a potential

ABCDE and has broken out 

of slanting trendline which 

suggesting big targets in coming

time as long as the breakout holds

this stock would continue to be buy 

in dips with a much larger target 

in the range of 800-1000 rs

This stock looks set to gain its past

glory in coming time :).

DLF big Bottom made?

Hi friends,

                   DLF was in news for wrong reasons recently or rather should say

because of close ties with Robert Vadra ,As the election showed a tilt towards Modi

This stock started to fall as Modi did say lot about the Vadra land deals.

Lets see the chart to see the clear picture.

The stock went down from 170

to 140 levels ,And slowly started

to rise back and eventually rose

furiously and had today touched

212.Lets see the bigger picture

of the stock ,The yellow count 

abc the count is very clear .

The yellow trend line has to

be broken upward to consider

big breakout towards upside.

Lets see how DLF behaves near tend line resistance 240-260 ,

Regards

Rish 

Nifty wave counts 22nd may

Hi friends,

                 Nifty continues its move in a small range ,In my last nifty post

had shown the given options available.

Nifty did breach 7350 on 20th though it was opening spike,Lets see the 

present picture.

From the chart we can see 

since 7350 was breached in initial

trades on 20th ,The impulse down

thing looks unlikely,Once nifty

sustains above slanting trend line

we can see c wave rally of c wave

of bigger B wave ,Below 7206

the c wave rally may not come 

today would be a decider,As 

we have been sideways for

sometime after election spike.

Lets see how nifty moves in next few days.

Regards

Rish 

Sugar sector trying breakout

Hi friends,

                  Sugar sector is one sector,Which is independent of market move 

and moves on its own and usually full sector moves together,I went through most

of sugar stocks and i feel most of them are ready for breakout.

Let me put few charts which would clear the picture.

From the above charts we can see most stocks have brokeout and few are attempting 

breakout keep an eye on this sector nice move is expected in this sector.

Regards

Rish 

Nifty settling after election jump

Hi friends,

                As usual election day saw wild swing ,Trader on the right side

would have made good money ,Wrong side would have got wiped as the volatility

was huge,Well now vix has melted so volatility should get normal now.

Lets see the wave structure of the fall from 7563.

From the chart we can see

a nice trending move in 123

now till 7350 is held we can

take this fall as a impulse 

which suggests below 7170

we should head towards 7000

even if this is abc (W)at the low

we made on election day and 

this is a new wave up till 7350

is not crossed we can confidently 

say a fall towards7000 should come.Lets see how nifty behaves over next few days

Regards

Rish 

Nifty Election squeeze

Hi friends,

                   Well the event has arived lot of hype build in Expectations are high

BJP led NDA is expected to get majority according to exit polls .

We saw expectation rally already from 6650 to 7200.Lets see the present 

chart structure.

Now tomorrow election results

Nifty moves depend on what kind

of numbers NDA gets this expectation

is build on clear majority to them,Any

surprize or shock can spin the market 

big ,From the chart we can see a nice

squeeze building up for last 2 days 

which suggests market waiting for

a trigger ie election result ,Technically

the move below 7070 would invite

gap filling and nifty can drift down to atleast 7015-7000.We have usually seen market running bothways

as the counting starts like during budget day ,So be safe and trade lite you can always trade heavy on 

any other day enjoy the move and jump in only when you understand the move .

Regards

Rish 

Why learn Technical Analysis(UNITED BANK)

Hi friends,

                  Came across a nice pattern chart ,United bank i keep writing few posts which

are dedicated to inspiring traders,Investors to learn technical analysis and wave analysis.

Let me put the chart to see the pattern.

This is weekly chart ,From the 

chart we can see a big ABC 

correction unfolded in last

3 years ,Interesting relation 

between waves can be seen

A=C(almost)thats an interesting  

observation,And the stock 

has reversed towards upside

,Now this stock is a buy in dips

it would target first 46 above 

that 55 and once trend line resistance is taken it can double quite fast towards 100,Buy this

stock and hold for next 6 months at least to get good reward.

Regards

Rish

Delta corp heading towards new high

Hi friends,

                 Came across a nice trading pattern in DELTA CORP lets see the chart.

We can see from the chart 

delta corp came out from 

a multi year coreection in

2013 end .We are looking

at an impulsive move from 

the lows of 39 ,The 3rd wave

was a lil bigger than 1.6(1)

we can see a jump to 140 

levels on this script thats 

a nice 20%+ move

This stock should be accumulated in dips a nice move is expected soon.

Regards

Rish 

How to trade Nifty after exit polls

Hi friends,

                 In my old post i mentioned about nifty resting or consolidating

after steep run,My expectation for a bottom was around 6600 levels nifty 

reversed from little above that.

Lets see the present picture.

From the picture ,It can be seen

i have marked 2 counts yellow

and green .

The green one is quite bullish count

which suggests extension and we 

are in 3rd of 3,This count portrays

a very bullish picture in coming months.

The Yellow count is abcde and right now e is on,Some observations from 

this count c=1.61a(almost) and right 

now even e is exactly equal to a ,Interesting indeed ,The point is nifty is right now hovering in an important

area 50-100 points here and there is ok but if we don't cross this range of (7000-7200) we should be in for

a consolidation which can turn into a good steep profit booking below 6700.In a bull case 6700 would be held that,s where the big support lies for the recent rally.

Track these levels closely and we see where nifty heads post 16th!!.

Regards

Rish 

Microsoft trade setup

Hi friends,

                  I see that an abc correction has ended in Microsofr

and its right now trending up ,This should target atleast 41$

above which it can breakout towards 45$

Let me put the chart to get a clear picture.

From the chart we can see white 

abc is finished and a new upmove

has started and it should target 41

atleast above which 45 is possible

Ideal trade would be to buy in dips

with a stoploss of 38 for a target

of 41 and then above that 45.

Previously we saw a nice spurt

in Apple which i had posted

earlier.

Lets see how microsoft moves in coming days.

Regards

Rish 

GAIL Trade setup

Hi friends,

                  I had posted Gail some time back and the stock moved a bit and then 

started to consolidate in a range .

Let me put the chart to get a clear view .

From the chart we can see that

the d wave is taking time and 

right now we could be in bwave

(blue) precisely c of b should 

happen so here we have a small

long trade as long as gail holds 

on to the low of 356 it can 

target 391.

So ideal trade would be buy 

in dips with a sl of 356 

for a target of 391. Lets see how this stock moves.

Regards

Rish 

Why Learn Technical Analysis

Hi friends,

                  I have been writing this blog for many years now .Due to my writings on blog

i got many opportunities to interact with investors and traders.

I have come across traders who trade on gut feel ,Tape reading ,Technicals and few tukka(fluke) traders too,Still a large chunk of traders depend on news and tips from other sources ,By other sources i mean

tips given on social media ,on tv and even on sms ,These tips can't be trusted fully till one follows them 

and analyses their success ratio.

I always advocated about learning technical analysis ,As it gives trader confidence and logical reason

to go for the given trade,Even if you don't wanna get deep in technical analysis ,You should at least

go through the basic technical course .

A course which equips you with knowledge of how to see chart ,How to spot support and resistances

Trend lines etc,You would be sure after this course that you can analyse a given trade whether to go for

it or avoid it.

Their is no short cut to success.

Stock market is a serious business

many take it as gambling as they 

don't have the knowledge for it.

You need to have an edge above 

others to win in this hence 

technical analysis comes in to 

picture.I have in past helped

many traders and investors

to learn Technical analysis

Of course I take fees for it ,Free lunches don't serve the purpose,For seasoned traders i take Advanced

Elliottwave course which hones them with skills which help them to spot an opportunity before it occurs

and catch it and sit tight on it till favorable move happens .If you are interested to know more about

these courses do mail me at rishrich at gmail dot com do mention  subject as technical analysis.

Regards

Rish 

 

Banknifty wave structure

Hi friends,

                 Banknifty has been moving in range for quite sometime.

Let me put the daily chart to show the sideways move.

Now lets see the sideways move closely its been spending time in the range as we reach

towards end of elections and near exit poll and eventually results on 16th.

Let me put the lower time frame chart to see sideways move closely.

From the chart we can see

abcde move is over

and abc move is on 

now if banknifty trades

below 12977 it would

fall towards 12700

falling in c wave if it doesnot

fall below 12977 and goes 

above 13100 ,I would have

to reconsider this count.

Lets see how banknifty moves tomorrow.

Regards

Rish 

Nifty starts c wave

Hi friends,
                   I had posted about nifty structure yesterday .
Nidty did a time consuming sideways uppish b wave and today
started c wave down lets see the chart.

By going below a low
its confirmed that c down
has started and logical
target comes near 6600-6580.
I expect slow drop the way
it has happened over last
5 days.Lets see how nifty does
this c wave .




Overall nothing big has happened yet nifty after rally is consolidating looking
for clues from elections.
Regards
Rish

Nifty wave structure

Hi friends,
                   Nifty continues to slide down slowly ,Few stocks continued there correction
and few maintained their rise result nifty showed very little move and almost remained
sideways,I expect the
yellow line move in coming days
either nifty can remain sideways
or should move in yellow line
structure.Overall the time consuming sideways structure suggests everyone is confused
about election or are scared to
take positions today even volumes were low ,We are in for exciting move in some time.

Be attentive and track IT stocks closely.

Regards
Rish

Tata motors Trade setup

Hi friends,
                   Tata motors have been inching up ever since the 2008 lows
and been inching up ,I see a trade opportunity in it with low risk
Lets see the chart.

From the chart we can see
an abc is ending,So we
should have a upmove coming
soon ,Ideal trade would be
to long the stock in dips
as long as 400 holds and the
stock can target 440-450
,This could well be taking
the shape of a wedge well
thats still an anticipation.


Lets see how stock performs in coming days.
Regards
Rish