Thursday, June 16, 2016

>DAX Elliottwave counts

Hi friends,
                    With BREXIT round the corner everone is quite jittery about whats coming up.
What  britishers would vote for !!
Germany being the dominant economy of Eurozone lets see how its chart is placed.

The waves are so clear in DAX chart any one who is learning ELLIOTTWAVE  should try resolving this chart from high ,We have a combination of 5's and 3's .I have labled the chart ,We can see from the chart WX is done and Y is on .
A of Y is done and now the stock is in B of Y .
What we can say confidently from the chart.
1 After completion of B a fall is coming which should see levels lower than A of Y .
2 The move is still corrective.

Friday, May 27, 2016

>DCB Elliott wave count

Hi Friends,
                       Looking at DCB a text book 5 up move is anticipated.
Look at the move from the basing of 70 ,we had a 1 up and abc down and a big rally till
100+ and then the stock went into consolidation.
This consolidation looks like a 4th 
wave fall,
Expecting a 5th up rally in it after 
this consolidation is over ,Keep this
on radar to look for a rally towards 100+
and further towards 110.

Wednesday, May 25, 2016

>DIVIS LAB elliottwave counts

Hi Friends,
                    Divis lab looks to have finished a wxy correction on daily chart ,
We can look from the chart how beautifully multiple abc's are nested together to form the pattern.
Now the present move also looks like as abc is ending and a move towards 1100 is due,As long as
1000 is held .
A wave trader always anticipates the move ,lets see how the chart pattern works in coming
days .Overall the pharma sector as a whole has not done good in may month ,Lets see whats in store
for JUNE month.

Tuesday, May 24, 2016

Info Edge(Naukri) Trade setup

Hi friends,
                    Have been tracking Info edge (Naukri) for some time now ,This stock is trading in triangle and has been getting squeezed ,I like the pattern as long as the lower trendline 700 holds this 
stock can hit atleast 850 ,Above 850 its a triangle break and should do 1000.

Tommorrow being the result day for INFO EDGE lets see how it fares ,I think its all set to rally if no negative surprizes in result technically the stock looks nice.

Tuesday, March 01, 2016

>Nifty Elliottwave Analysis

Hi Readers,
                   A post after a very long gap,I would try to post inbetween .
The nifty has been correcting for almost a year now,At first there was an impression of this matching 
2011-2012 correction ,But slowly its showing its colours.
A chart has been attached to show the wave counts.

I think we are making an expandedflat in this x wave.We usually get a slow correction which goes beyond a year when diffrent sectors are not in sync.
The chart is self explanatory ,Expecting a rally towards those blue levels to finish off x wave 
A breach of 7500 would make me think we have made a bigger bottom else we are into downward channel only.