Tuesday, August 15, 2017

>Pharma sector update.

Hi friends,
                   I am tracking pharma sector for sometime now, Had even posted about few pharma shares ,I had written about LUPIN and GLENMARK ,Both were bearish posts about the stock.The stocks did fell and completed much more than the anticipated targets.
The waves in individual stocks looks to be nearing end or have ended.Sunpharma ,Lupin, Glenmark and DRREDDY all looks set for a good rally in some time,Best way to play them would be to have a SIP in any pharma based fund.
For traders need to find trade setups which i am sure would pop up in a while ,All in all you cannot neglect pharma anymore thats what i mean by this post ,I could be a early bird 


Expecting pharma index to get back to weekly 200 dma again in coming time even in a bearish scenario.

Sunday, July 02, 2017

>Engineers India Limited

Hi,
       Interesting pattern on Engineers india lets see how its moves ,150 strong support and 160-61 stiff resistance once above that the stock can scale to 170.

Wednesday, June 28, 2017

>Oracle fin (OFSS)

Hi friends,
                     IT has been in correction and still no uptrending patterns have emerged in it ,OFSS is one such chart which has goot a clear wxy pattern coming up let me put the chart.
The stock looks to be in c of y which can take stock towards 3400.Lets see how stock move in coming days.

Tuesday, June 27, 2017

>Gail

Hi friends,
                    The structure of gail looks good for a bounce Lets see the chart.

A wxy has finished so as long as 348 holds this has potential to retest 388 lets see if the expected x wave or a new wave bounce materialises .

Friday, June 16, 2017

>Hindalco

Hi friends,
                   Hindalco has been trading in a range for sometime now the waves are overlapping
lets see the chart.

Expecting stock to drop towards 190-88 levels and rise towards 205+ Lets see how stock moves next week.


Wednesday, June 14, 2017

>NTPC

Hi friends,
                   Looked at NTPC chart,Can see a nice leading diagonal.The move started from below 110 and went all the way to 175+ lets see the chart structure.
Right now the stock is correcting this rally it has corrected 178 to till 155 and is trading in a squeeze.
Keep a track on this stock would update on this,As the pattern gets ripe.

Sunday, June 11, 2017

>Nifty elliottwave

Hi friends,
                   Nifty has been showing small correctives followed by comparative large upticks,We saw them in the last post i wrote.Nifty elliottwave ,Here again i am able to count a wxy in small timeframe let me put the chart.
The above chart is well labeled.Assumption is as long as 9690 is not broken this rise is x wave and nifty can fall back to 9600 to make z wave ,Lets see how nifty moves 9580-70 is support.

Thursday, June 08, 2017

>Banknifty

Hi friends,
                   Banknifty has been doing quite squeezed move for a week now ,Its nearing lower trendline support.
The trendline support comes at 23450-60 if banknifty continues to hold this range should continue uptrending ,If this range breaks expect fast fall towards 23000.

Sunday, June 04, 2017

>Ibullhousing elliottwave

Hi friends,
                   Looking at Housing finance charts this weekend,Zeroed on Ibullhousing .Lets look at the chart.

The chart is well labled ,The stock is in c wave up which would ideally do 1225-35.This range 1225-35 is resistance zone for this upmove lets see how stock reacts to this range.

Wednesday, May 31, 2017

>M&M Finance

Hi friends,
                  The stock has followed almost the same pattern expected .Had posted in last post M&M Finance elliottwaves.Lets see the move the stock has done after the post.


Expectation was a fall from 340 levels towards 300-295  the stock fell till 290 ,And from there a rally towards 370 ,The stock has already done 350 .A good move in both long and short side.

Friday, May 26, 2017

>Nifty Update

Hi friends,
                    In my last post Nifty May expiry My expectation was a fall towards 9340-20 and a reversal for may expiry .Lets see the present chart of nifty.


Nifty made a nice falling wedge till 9341 and reversed .The reversal was too strong ,The suggestion to buy 9400 or 9350 CE did quite good,Ofcouse i didnot expect such huge move in a single day ,But according to waves i was able to catch the reversal beforehand.

>Tatamotors update

Hi friends,
                  In my last post Tatamotors elliottwave i was expecting upmove towards 480 and further till 520.Lets see the present chart.


The stock has already scaled 480+.

Tuesday, May 23, 2017

>Nifty May expiry

Hi friends,
                   This correction in nifty is quite shallow wheras in midcaps its deep.
Lets look at the nifty correction structure.


The fall from top is combination of abc joined by a x wave. This move can do max 9340-20 ,And should reverse again now with expiry quite near ,If a fall to said levels come before expiry we can  try CE 9350 or 9400 for expiry.If the expected fall doesnot come before expiry avoid CE.These CEs become quite lucarative if the direction is in favorable direction ,Also the premiums get less.

Monday, May 22, 2017

>M&M Finance update

Hi friends,
                   Had anticipated a fall in stock in last post MFINANCE ELLIOTTWAVE  .We can see that the fall has come from 340 levels to almost 300 now lets see the reaction near 300.

A good support lies near 300 lets see if it holds the stock can do good in coming days.

Thursday, May 18, 2017

>Glenmark wave structure

Hi friends,
                   Lets look at the Glenmark structure on daily chart ,The time consuming dirty upmove turned out to be B up.

The wave targets show still more downside in glenmark ,Though a inbetween bounce should come soon but eventually i think 520-30 should get tested thats the support band.

Wednesday, May 17, 2017

>Tatamotors elliottwave

Hi friends,
                     Looking at tatamotors charts,Lets count from high of 600,We can see a abc correction till 430 .Then again a abc up tull 550+ making a lower top and then fell to below 420 making lower low in anc correction .

Now expecting a move towards 480,500 in abc correction up to hit trendline resistance.
Need to look at the structure of this anticipated rally ,To further acertain the move.

Saturday, May 13, 2017

>M&M Finance elliottwave structure

Hi friends,
                  lets check the wave structure of m&m fin ,Lets try to count waves from December 2016 low.


The chart is well labeled ,The price is moving in a parallel up channel.The stock did abc up move followed by a X wave and now again in process of making next abc move .Currently a is finished (made a ending diagonal) now in b wave expectation is abc correction to finish b wave in (310-305).The strong support is at (300-295) range .
Expecting a up move from 300 levels.

>NESTLE ELLIOTTWAVE Structure

Hi friends,
                    This is new entrant to future segment,This stock structure looks promising,Lets breakdown the chart structure.

The chart is well labeled.7500 to 5000 the stock did big wxy this correction took almost a year to finish.Further after that stock did a leading diagonal move and almost hit previous high of 7500 and fell back and made a abc correction ,And now again the wave upmove has started,This move should atleast hit 7500.Above 7500 the stock can do big move would recheck once 7500 is hit.Lets see how stock moves in coming weeks, Dips should be bought this should hit 7500 as long as 6000 is held.

Thursday, May 11, 2017

>BankofBaroda

Hi friends,
                   In last post BankofBaroda elliottwave had posted about a move towards 200+ and then a fall towards 180 ,The stock has loosely followed the same expected pattern till now.


Tuesday, May 02, 2017

>LUPIN update

Hi friends,
                     This has done the minimum target expected Lupin elliottwave counts.Now lets see how stock reacts to these levels ,Still no reversal or strength seen in stock ,Would give few days more to the stock before reevaluating the elliottwave counts.


Monday, May 01, 2017

>Balrampur chinni

Hi friends,
                  Posting wave chart of balrampur chinni,Quite clear waves let me post the chart.

5th wave underway and it has potential to scale new all time high above 200++.This is for educational purpose.

Sunday, April 30, 2017

>PSU BANK Bank of Baroda Elliottwave

Hi friends,
                   PSU banks are in limelight ,They have been rising for some time though the rises have not been consistent still they are making higher highs and higher lows.I had posted about ORIENT BANK ,The stock is still rising.This post i have made chart of Bank of Baroda let me post the chart.
As we can see from the chart ever since 2016 start the waves have been quite overlapped,I have labeled them,Right now in short term 200,210 is stiff resistance.
Overall the stock is trading above red slanting trendline resistance,I have drawn the expected move with dotted green ,Lets see how stock moves in next few weeks.

Tuesday, April 25, 2017

>Nifty update

Hi friends ,
                    In the last post Nifty slow correction had 9050,9000 as supports and a move above 9160 should add strength to the move .Nifty made a low of 9070 and crossed 9160 showed strength and finally have come out of slow correcting channel.
Support now for nifty comes at 9250-40 range and resistance range is 9350-70, If we get a dip  near 9250-40 nifty can move up to 9350-70  provided 9200 holds.Lets see how nifty moves .

Wednesday, April 19, 2017

>Nifty slow correction

Hi Friends,
                      Nifty probably witnessing longest correction pricewise as well as timewise since 7900 lows,Lets see the internal wave structure of correction.

We can count clearly 2 abc's joined by x wave also we have seen another x wave and the wave is continueing.Nifty is maintaining a slow slanting channel nifty need to take out 9160 spot now to show strength in index,Abreak of 9200 would be considered as breakout from this slow correction.On the downside 9050,9000 are supports ,We still have 2 more trading days left for the week lets see how the price moves .The broader market is moving unaffected by nifty move ,Specially midcaps and small cap stocks .I think till nifty maintains 9000 +-20 these moves can continue.

Sunday, April 16, 2017

>Tech mahindra nearing support

Hi friends,
                  IT stocks were lackluster all this while ,After infy results IT stocks saw dump.Slowly many stoxks reaching support one such stock is Tech mahindra lets see the elliottwave pattern of tech mahindra.

Its a complex correction having a zigzag followed by any 3 and a triangle ,Right now e wave of triangle is on 400 is strong support Though Trump effect has shaken the sector a bit,Short term can be bad for stock but on weekly chart the chart looks in accumulation mode.Keep this stock on radar of you are thinking about bright future of IT sector.

Saturday, April 15, 2017

>PSU Bank Orient bank

Hi friends,
                 Weekend chart Orient bank a psu bank did a impulse up from year 1999 to late 2010.
Commenced correcting impusive rise from 2011 to early 2016 ,And from there a labored impulse like structure .Let me put the chart.
The chart is well labeled with elliottwave counts.The correction has unfolded in  wxy  ,Right now 160 is stiff resistance for the stock,Waing for a good tradable pattern in short term since big pattern looks clear track this stock closely.

Tuesday, April 11, 2017

>Ambuja cement

Hi friends,
                   Ambuja cement is an interesting pattern,Lets look at the chart to get a clear picture.

The chart is labeled with waves this correction of ABC looks to be a flat correction which suggests lot of upside still pending for the stock ,As long as 220 holds the stock can do 270,280 .ACC has got quite similar pattern like ambuja two different companies of same sector do watch ACC movement too As the charts are same movement should be similar too.

Monday, April 10, 2017

>MCDOWELL after MP liquor ban

Hi friends,
                    I tracked this stock for sometime now,I had posted about it Mcdowell waves and 
had mentioned about a bounce coming in it near 2100 we saw a bounce which took stock to 2200+ .
The stock was spending time near 2200 ,Thats when the supreme court ban on highway liquor shops came and the stock saw a deep cut ,Further the stock was trying to absorb the damage near the support of 2000 ,And today a big news came from MP  All Liquor Shops In Madhya Pradesh To Be Shut down In Phases, Says Chief Minister.The stock fell and broke support of 2000.Let me post the chart.

The stock looks fragile now lot of news flow has damaged the structure last big support near 1800-1780 .For now 2000 is a stiff resistance .I would get interested again in this stock above 2000 or near 1800.At times news play havoc.

Wednesday, April 05, 2017

>Escorts

Hi friends,
                     Escorts have interesting chart which is right now at important fibonacci levels.
Let me post the chart to get a clear picture .
The move from 2013 looks impulsive had a nice 2 year rally to make 1st wave and had correction to finish 2nd wave correction.From mid of 2015 3rd wave started we can see 5 waves clearly in 3rd wave .This 3rd wave move is satisfying 3=(1.61)1 ,Look for weakness in the stock in coming weeks 
Overall still no shorting pattern seen in it.Keep this stock on radar.

Tuesday, April 04, 2017

>PHARMA SECTOR

Hi friends,
                  We have seen Pharma companies have not performed good in last 2 years either they have fallen or have gone sideways .Lets look at the pharma sector index which includes .
Aurobindo Pharma Ltd.
Cadila Healthcare Ltd.
Cipla Ltd.
Divi's Laboratories Ltd.
Dr. Reddy's Laboratories Ltd.
Glaxosmithkline Pharmaceuticals Ltd.
Glenmark Pharmaceuticals Ltd.
Lupin Ltd.
Piramal Enterprises Ltd.
Sun Pharmaceutical Industries Ltd.
Barring one or two rest of all are near there 52 weeks low which shows how the index has been doing. let me post the index chart .
The index is moving in a downward channel for last 2 years and has not been able to break the resistance .Overall still the index is not giving any bullish signs I have been tracking LUPIN quite closely and have posted on it Lupin wave structure  .Lastly would say i think there is still some time before pharma gets back in shape and gets investors attention.

Monday, April 03, 2017

>Coal India target

Hi friends,
                   Coal india looks good to recover recent fall it witnessed from 330 levels.
The stock once trades above 300 can easily achive 330 levels .

The wave pattern of coalindia is given in above chart overall as long as 288 holds in the stock uptrend looks safe.

Saturday, April 01, 2017

>Hinduniliver elliottwave structure

Hi friends,
                    A weekend post on waves beauty Hinduniliver,The chart has got so clear elliottwave counts,Lets unfold the waves ,Posting monthly log chart of Hinduniliver.

From the above chart we can see a big impulse move from year 2004.The sky blue shows the bigger impulse of which 123 is done and 4th wave is underway,The white one shows the big 3rd wave counts and finally yellow one shows 3rd of 3rd counts.In stock trading we need to find a tradable setup.Lets look at the pattern inside converging trendlines.
The above chart shows a triangle move in 4th wave right now in d wave and should fall back for e wave and finish off triangle and head for 5th wave rally which can make stock to rally 25-30% over a period of time the breakout would be above 955-60 levels track this stock though this may take some time good for learners to look out for the stock how it moves from here on.

Friday, March 31, 2017

>VEDANTA (VEDL) ELLIOTTWAVE structure

Hi friends,
                   Metals have been the winners all this while in 2016 to 2017 they have been in relentless rally ,Lets look at the chart of VEDL.

Above is monthly chart of VEDL with labeled waves,The rally which started from year 2000 ended by making 5 up in year 2010.
And we had 6 year correction till 2016 making abc correction and a new uptrend started the stock has tremendous potential still for a investor and can scale 500+ over a period of time .A investor shoulds accumulate this in a dip for new investment as the current levels are stretched .Long term this can do very good a multibagger kind this is pure technical view ,Do check fundamental of the conpany to back this .

Wednesday, March 29, 2017

>Nifty wave update

Hi friends,
                   The nifty has been sideways to down for a week now its grinding in a range.
I can see an abc x clearly let me put the chart .

The above chart clearly shows the wave unfolding ,Till 9135-40 is not broken an downmove till 9000-8980 is seen on contrary if nifty breaks resistance a new high is coming the bullish counts are in green lable.

Tuesday, March 28, 2017

>APOLLOHOSPITAL UPDATE

Hi friends,
                   I had posted about the coming weakness in the stock in last post 
APOLLOHOSPITAL WAVES .We can see the stock has indeed witnessed weaknes 


Lets see the further move of the stock next week to acertain the pattern completion.

Monday, March 27, 2017

>LUPIN Elliottwave structure

Hi friends,
                   This stock i have been tracking for 2 months now LUPIN WAVES even after many FDA approvals etc this is still not breaking above resistance and moving lack lustrely in the range ,I still think till 1580 -86 is not taken out this can remain subdued or move downwards.
On downside till 1400-1395 is maintained no big damage to the stock is seen a move below 1395 i think can take stock towards 1300-1280.Lets see how stock moves .

Thursday, March 23, 2017

>DABUR Elliottwave structure

Hi friends,
                   I had posted on dabur some time back DABUR elliottwave  the structure has emerged 
Lets see the present structure.

So looking at the present structure,Till 290-295 is not taken out i would consider this as x wave which means a fall should be underway soon in dabur and the stock can see the low of 260 again .
Track this stock to see how the stock performs in coming days.

Wednesday, March 22, 2017

>MCDOWELL ELLIOTT WAVE

Hi friends,
                    In the last post had anticipated a fall in the stock MCDOWELL ELLIOTTWAVE the
stock fell about 150 points from the levels of last post and now near support expecting bounce from these levels as long as 2090 is held the pattern is forming we have a abcde correction from the 5th wave top.

Lets see how stock performs in coming days.

Monday, March 20, 2017

>Firstsource solution elliottwave structure

Hi friends,
                   lets see the structure of this midcap stock on daily chart.

The structure shows impulsive move on chart of which 5 wave is on with overlaping waves.
abcd is done and e is underway which looks like can do 60+ to finish e wave.
38 looks good support for this ,Track this stock in coming days to see how this moves.

Thursday, March 16, 2017

>Colgate elliottwave structure

Hi friends,
                   Looking at colpal chart looks interesting.
Made a high in mid 2015 and kept correcting till early 2016 corrected in WXY correction,Let me put the chart.
The above chart shows waves clearely After WXY correction stock had a sharp rally followed by time consuming shallow correction which inturn made pattern for next rise,Let me put hourly chart to see waves unfolding closely.
stock corrected in abcde correction and slowly started upward journey and then suddenly tookoff above 920.This stock should do atleast 1100 and further do more in coming time .

Tuesday, March 14, 2017

>Adaniports waves target

Hi friends,
                  I had posted Adaniport wave structure showing about expectation of wave c fall of d .wave.The stock did that wave target and reversed lets see the present structure.
The stock looks to be in e wave up which can target minimum 320+ .

Friday, March 10, 2017

>APOLLO HOSPITAL elliottwave structure

Hi friends,
                  I had posted a earlier post Apollo hospital wave structure the stock took resistance in 1330 range and has fallen back ferociously,The stock is in parallel channel and is in process of making a pattern let me post the chart.
 The stock looks set to go near 1150-1100 levels lets see how this chart moves in coming weeks.
A closer look at the fall from highs of 1330++ shows an impulse down further confirming of coming fall after some upmove.
Would update more on this as pattern gets ripe.

Tuesday, March 07, 2017

>MCDOWELL Elliottwave counts

Hi friends,
                   MCDOWELL has made a interesting pattern ,I am able to resolve its time consuming complex correction spread across 2 years.
The correction is resolved as triple zigzag wxyxz the above chart shows it clearly ,Its been labled exhaustively.We had a sharp rally from 1800 levels,Looking at the internal structure of the move from 1800 i can see a impulse ,Let me put the chart.
Look at the above chart we had a clear impulse with even 3rd wave having clear 5 up and 5th wave showing ending diagonal.This structure suggests the stock is in for a multimonth rally after correcting this impulse rally Track this stock closely,This has started to correct impulse wait for a patterm to find a long setup .

Sunday, March 05, 2017

>Hexaware elliottwave structure

Hello friends,
                       Today discussing HEXAWARE structure.Lets count waves on daily chart.

2015 april onward the stock started to correct from a high of 330+,Had a nice abc fall making w followed by a time consuming sideways correction,Making x wave followed by a fall making another abc .Overall wxy correction finished .
A upmove is underway which doesn't look impulsive in nature ,From the chart i can say if 240 is not taken out another x wave is underway,Which implies another fall towards 180 levels after completion of x wave.This wave structure holds true as long as 240 is not broken.

Wednesday, March 01, 2017

>Adaniports wave structure

Hi friends,
                   Adani ports is trading sideways for sometime now,Lets look at the chart from november last 2016 to figure out the wave pattern .

We can see overlapping 5 up making a ,Followed by a b fall .From b low a nice impulsive move showing clear 5 up in 3rd wave and an ending diagonal or wedge in 5th up,This looks quite clear we had a wedge breakdown and stock after initial dump went into sideways move which is most probably b wave move which should end near 310,And a c fall is anticipated towards 290 -280 levels which is channel support.Lets see how the chart moves .The wave structure stands wrong if it breaks 310 and crosses above high of 315.This counter saw lot of insider activity in last 1,2 months by promoter.

Thursday, February 23, 2017

>MRF wave structure

Hi friends,
                    MRF had a super run ,It made a triangle and broke it up ,Sure many would have bought that breakout ,Ever since the stock kept dragging down (slow drop ) .
The above chart shows the triangle and the retrace after breakout which has retraced .Lets see the fall closely. On a hourly chart .

The hourly structure shows a triple zigzag unfolding wxyxz right now in z .Stock looks to do good in march expiry should be bought in dips ,This can target 56000 easily.