Wednesday, September 19, 2018

Nifty wave count

Nifty volatility has increased in sept month ,I had posted 
nifty wave count . Its turning out to be abcde .Lets see the current 

Cluster of support in range 11180-70,Also a old gap fill :) lets see how nifty behaves .Expecting bounce in any fresh panic in nifty .Lets see how nifty behaves!!.

Monday, September 17, 2018

Nifty elliott wave counts

Nifty volatility has increased offlate ,Moves have been big.
I had posted nifty elliott wave counts it turned out to be 2nd
case with stretched c down below 11300 and went till 11250.
Lets see the current chart situation.

This is abcde move which has potential of a new low below 11250.Today nifty filled the gap 
it created on friday.Lets see the other bearish to sideways count.

This is sideways count with nifty saving 11250 and heading higher than 11500,At this point both are evenly poised lets see how nifty travels distance this week.

Thursday, September 13, 2018

Motherson sumi elliott wave analysis

I had written about this stock a month back ,Look at
The wave turned out to be a X wave as was discussed in old post.

We can see from the chart it tested upper trendline and fell back and is now dragging spending time .Overall a good buy above 320 or we buy near 260 ,Good parallel channel correction on.Keep this stock on radar.

Monday, September 10, 2018

Nifty elliott wave counts

Nifty at crossroad which way its gonna tilt,
Lets see possibilities we have.

We have 2 possibilities here first one a impulse down from top happening and we finished 4th at todays top.

This is more bearish case ,Impulse down usually suggests more pain after some pullback.

Lets see the other possibility.

This is corrective count which suggests once this correction gets over we head higher.This is wxy correction abcs connected by x wave ,Lets see which count plays out in coming days.

Sunday, September 09, 2018

Maruti elliott wave analysis

I was excited to see electric vehicle with Maruti suzuki logo on it in 
global mobility summit ,A company needs to be with future technology,
Maruti has come of ages which is seen by the wonderful rally seen in stock 
price across many years.
Maruti the pattern has been evolving and the wave count is settling 
accordingly. I had written about it in july Maruti elliott wave analysis.
We did get a rally above 9230 ,The stock rallied till 9468 and then broke
back and went below 9230.Lets see the chart pattern now.

The above chart shows the rally till 9468 turned out to be b wave of abc fall and now c wave fall underway ,The stock has good support range in 8630-8540 range ,If stock goes below these levels,The wave count stands negated.

Friday, September 07, 2018

hdfc elliott wave analysis

HDFC has corrected from 2050+ to 1880.
Lets see the chart pattern how the waves are unfolding.

Lot of abc's in hdfc .The structure suggests a move towards 1960+ atleast as long as 1905 holds,Lets see how the stock behaves.

Thursday, September 06, 2018

Indigo elliott wave analysis

Aviation sector got badly beaten in in last 3 months.
I had written about Jetairways elliott wave analysis.
The stock has fallen alot.Lets check the other stock from the sector

The stock did a leading diagonal and brokedown .The stock fell from 1500 levels to 870 levels in matter of 3 months.The stock has good support in 850-830 levels and is good level to accumulate.The stock can rally back to 1000+,A close below 800 is the risk to this wave structure.

Wednesday, September 05, 2018

Hdfc bank elliott wave analysis

Hdfc bank has been falling for quite some time now .
Last time i wrote about hdfc bank elliott wave analysis
It rallied  but fell short of target.
Lets see the wave structure now.

The stock looks to be nearing  completion of wxyxz  .The wave structure can be seen in above chart The levels to watch are 2030-2010 range.Expecting a good bounce from this range.Lets see how the stock behaves in coming week.

Sunday, September 02, 2018

Granules elliott wave analysis

This pharma stocks has got good wave structure.
Lets see monthly wave structure,The stock witnessed 
stretched 3rd wave lets see the chart.

From monthly chart we can count clear 1234 on price chart with clear 5 waves in 3rd wave ,The price has done good consolidation in 4th wave and looks set to hit 150.Lets see the 4th wave closely.

The stock did wxy correction in 4th wave ,The stock has potential for 150. Few closes above 150 would set tone for all time high for stock for 5th wave lets see how stock performs in coming weeks.