Hello Friends

Hi FRIENDS,

                       I as you have seen have not posted any analysis for about a week now ,I

have got busy with a new venture ,So i think i won't be able to post analysis,Or may be 

can post once in a while,Thanks for your support and appreciation:)Hope my Analysis

helped you .

Regards

Rish

Nifty correcting towards support

Hi friends,

                   Nifty after few days sideways move went below the sideways ranfe on friday

it tested 7550 and closed below that ,Lets see the present structure of nifty.

Let me put the latest chart.

Looking at the chart we can see

a=c ie 7550 range has been broken 

so idealy nifty would target 7500 

level now ,ie c=1.6(a) which coincides

with gap filling also ,It would be early

to say if correction would be over

at 7500 or it would stretch we would

see how nifty reacts there.

Regards

Rish                                                                                                                                                                                                              

Cipla breaks the range

Hi friends,

                 Cipla is one important player in pharmaceutical segment in India.

Lets look at the cipla structure it brokeout from its slanting down channel

recently.Let me put the chart.

From the chart we can see the full

fall structure,When i count the waves

from top i see wxyxz finished.

Which can be seen clearly from

the chart.The red count denotes

WXYXZ and yellow denotes internal

structure of each wave.

By this count we can see that an 

important low has been formed 

at 368,And i don't see that breaching

soon ,A trader should look for buying this stock in correction as long as 368 holds.

A target of 450 should be seen in this stock .Once it corrects the recent rise it should be 

a good buy.

Regards

Rish 

Infy nearing breakout

Hi friends,

                Was looking at infy chart been following it for sometime

according to wave principle it looks poised for a nice breakout towards

all time high.Let me put the chart to show the bigger picture.

From the chart we can see

abc is finished and d is running

and c=1.6(a) alomost.

Interesting equation ,Lets look

at the structure of d to figure

out the internal wave structure.

Looking at the hourly chart to figure out the internal wave counts.

From the chart we can see 

abc structure forming in d leg

with a being an impulse and 

b being a expanding triangle

and c turning out to be a

broadening slanting ending

with e leg running .Its a ending 

pattern which usually is seen near 

tops and bottoms,Here its seen 

in c wave in correction ,So infy is a

nice stock to have in ones portfolio in each dip or for a trader its a clear buy above b ie 3340.

Keep close eye on this stock this has potential to scale 4000 + in e leg at least.

Regards
Rish

Nifty 12th june

Hi friends,

                  Nifty scaled new high 7700 and retraced fast ,Lets see the structure of the fall

Let me put the latest chart in a lower timeframe.

From the chart we can see 

a small abc followed by a x

wave and x wave is now followed

by another abc.

The c wave targets are given by yellow dotted lines it can reverse from any

of those levels 7560-7550

remains a strong support.

Regards

Rish

Nifty 11th june

Hi friends,

                 Nifty inched up after completing abc correction

which was first looked like a triangle ,And is still rising ,Though intraday corrections have started 

to look steep and the buy back after that was not that fast ,First sign of exhaustion.

From the chart we can see

7550-7560 is the first support

till thats held i don't see

a big dent in nifty.Keep that

as stoploss for your profits.

Regards

Rish

JUBILANT FOODS finished a big FLAT Correction

Hi friends

                 Jubilant food has made a nice pattern ,It has finished a Flat correction.

ie it did a abc correction with 3,3,5.Its a big Flat correction spread over 1 year.

Lets see the chart to see the structure.

From the chart we can see

the clear ABC structure

and even can see 3 waves

of A , 3 waves of B and

5 waves of C clearly.

A clear cut Flat correction

A powerful pattern ,This is a good trading stock for next few months

with a target of 1900-2000.

Buy this stock in dips and add

on to it.You would see 1900 in it in coming time.

Regards

Rish 

Hathway cables and Unitech wave targets

Hi friends,

                 I had posted about hathway and unitech sometime back and had anticipated 

big run ups in them.

Look at what i said about HATHWAY CABLES.

This stock did a big abcde consolidation spread over more than a year

but see the beauty of pattern once it was finished it took not even 2 months

to breach resistances and scale an all time high.

A handsome 40%+ move in about

a months time indeed priceless.

Lets look at UNITECH and see what i said about it.

It was at 14 and i was able to see a rally rowards 26 at that time now it has reached 37.

A handsome 100% return in

about a months time.So its all

about what technical analysis

tool one uses to reach his/her

tradesetup.I have been using 

elliottwave for last 7 years 

and i have been rewarded well.

Learning elliottwave indeed 

gives a trader edge over others.

Regards

Rish 

Sugar sector Update

Hi friends,

                I had mentioned about the coming breakout in Sugar sector .Since then we have seen

big gains in that sector As i had said this sector moves in sync all sugar stocks ran,

We have seen gains  from 80% to 20% in them in a very short span of time.

The big guns Namely Bajaj hindustan and renuka are on brutal run hope you saw the last

post and got benefited from timely post!!.

Look to book small part profit on monday in sugars and hold rest for bigger targets.

Below giving an example to demonstrate how a good breakout can be caught if

wave principle was applied.

Lets see the bajaj hind chart.

From the chart we can see 

how the stock broke from 

a small ABC  correction

and it was caught well

by the slanting trend line

and after that the big move

was seen which was caught

properly.So a simple abc 

gave humongous move

after breaking out ,Thats why i say knowing Wave principle Akka Elliottwave trading gives

an edge over other traders to spot the setups much ahead of others of course if applied 

correctly.

Regards

Rish

Nify Squeeze

Hi friends,

                 Nifty continued to squeeze ,It broke from the contacting squeeze yesterday

and is trending up,Above 7504 it would be confirmed triangle has been broken out.

Lets see the full picture.

From the chart it can be seen

the red lines of triangle

has been taken out and has 

closed above that.Now as 

long as it holds above that nifty 

first target comes at 7503 and above

that nifty can target alltime high above

previous high which it made on election

result day.

The green dotted slanting trendline is the support line till that is not voilated nifty uptrend

would continue.

Regards

Rish 

IndiaVIX reaching support

Hi friends,

                     In my last post on VIX i had written about VIX BREAKOUT .We saw handsome 

breakout and witnessed a rally from 14 to 38 levels in a short span of time.

Lets see the present picture .

After spending time near highs

Vix reversed and has reached support

From wave priciple we can see vix is

almost finishing 5 wave down

A case for a rise coming up in some

time ,Look for VIX to head north 

in sometime ,We can see vix back to 22 levels soon play accordingly.

Regards

Rish 

HDFC ABC galore

Hi friends,

                 I had posted about HDFC ABC'S how the waves evolve ,We witnessed continuous

abc formations ,Till now we have seen 3 consecutive abc's .

Lets see the chart.

In my last post i had told

about the reversal coming

near 870-865 levels,The

stock went till 862 and reversed

from there and presently trading

at 911,A handsome 5% rise

You can see we just counted 

waves and tried to figure out

next structure ,The last post 

the stock was at 895 and the 

expected fall was till 870-865 the stock fell till 862 and reversed ,Idea was if some one knows

Elliottwave Trading it makes much easier for a trader to anticipate reversals.

Regards

Rish

Banknifty trades in Triangle ahead of RBI Policy

Hi friends,

                  Banknifty is trading in a classic textbook triangle

with clear 2 waves in each leg look at the chart below .

According to chart if 14700

holds we are heading higher

in d leg of triangle .

Overall a nice triangle squeeze underway.

Regards

Rish 

NTPC the electric giant followup

Hi friends,

                 In my last post NTPC the electric giant i had mentioned about the wave reversal 

what we can see in NTPC and yes it indeed reversed ferociously .

Let me put the latest chart to show the current picture.

The last post when i had put the

stock was hovering near 120 levels

and it shot up to 167 level quite fast

and now retracing the rise.I see a very

promising future for this stock.

The power crisis is a very old problem

what India is facing and with out NTPC we cannot solve that problem

and now with Modi at the helm of 

government ,Things look rosy for this 

stock because ,For once we can 

expect faster disposal of government files etc.The latest being the Uttar pradesh power crisis people are 

facing 12-14 hrs power cuts ,NTPC is well placed to solve such crisis ,Now even has got own railway 

lines and bogies to get supplied with uninterrupted supply of coal to full fill its power factories demand.

Next few years are NTPC years:)

Regards

Rish