Wednesday, June 25, 2014

Hello 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 .


Monday, June 16, 2014

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.
Nifty correcting towards support 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.


Saturday, June 14, 2014

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.
Cipla breaks the range
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.


Thursday, June 12, 2014

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.
Infy nearing breakout
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.
Infy nearing breakout
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.


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.
Nifty 12th june
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.


Wednesday, June 11, 2014

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.
Nifty 11th june
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.


Tuesday, June 10, 2014

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.


Monday, June 09, 2014

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.
gives a trader edge over others.


Saturday, June 07, 2014

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 


Friday, June 06, 2014

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.
Nify Squeeze
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.


Thursday, June 05, 2014

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 .
IndiaVIX reaching support
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.


Tuesday, June 03, 2014

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.
HDFC ABC galore
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.


Monday, June 02, 2014

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 .
Banknifty trades in Triangle ahead of RBI Policy
According to chart if 14700
holds we are heading higher
in d leg of triangle .
Overall a nice triangle squeeze underway.


Sunday, June 01, 2014

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.
NTPC the electric giant followup
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:)