Thursday, May 29, 2014

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.
HDFC ABC Continues
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 .


Wednesday, May 28, 2014

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.
Nifty wave counts 28th may
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.

Tuesday, May 27, 2014

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 


Saturday, May 24, 2014

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.
Indiabull real estate breaks out

 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 .


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 :).

Thursday, May 22, 2014

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.
DLF big Bottom made?
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 ,


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.
Nifty wave counts 22nd may
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.

Tuesday, May 20, 2014

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.


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.
Nifty settling after election jump
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


Thursday, May 15, 2014

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.
Nifty Election squeeze
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 .


Wednesday, May 14, 2014

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.
Why learn Technical Analysis(UNITED BANK)
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.


Delta corp heading towards new high

Hi friends,
                 Came across a nice trading pattern in DELTA CORP lets see the chart.
Delta corp heading towards new high
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.


Tuesday, May 13, 2014

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.
How to trade Nifty after exit polls
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!!.


Sunday, May 11, 2014

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.
Microsoft trade setup
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

Lets see how microsoft moves in coming days.


Saturday, May 10, 2014

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 .
GAIL Trade setup
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.


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.
Why Learn Technical Analysis

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.



Thursday, May 08, 2014

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.
Banknifty wave structure
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.
Banknifty wave structure
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.

Wednesday, May 07, 2014

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.
Nifty starts c wave
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.

Tuesday, May 06, 2014

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
Nifty wave structuresideways,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.


Thursday, May 01, 2014

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.
Tata motors Trade setup
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.