Friday, March 31, 2017


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


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


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.