Saturday, October 21, 2017

>Star Wave analysis

Hi Friends,
                   Went through Star chart pattern looks interesting.Lets expand the chart,The stock has not performed much in the recent pharma rally.

The above chart shows the stock is in correction mode since start of 2016.We can see w and x is done and y is on the pattern is still in making though a good small long trade looks set.
As long as stock holds 830 a retest of 924 and even 990+ is possible .A good level to enter can be 860-855.Keep this stock on radar for long term reversal too.

Wednesday, September 20, 2017

>SBI chart

Hi friends ,
                     Looking at SBI chart,Anice impulse from 2016 lows completed near 310+ in aug 2017 let me put the chart to show that.

The impulse is a text book impulse following golden rules 3=1.6(1) and 5 almost equal to 1 .
After 5th up we are nearing end of a impulse in shoter timeframe let me put that chart too.

current situation 265 is strong support,As long as 260 holds the stock can do 290+ .Lets see how stock performs in coming time.