Wednesday, December 05, 2018

Tatasteel wave analysis

Tatasteel offlate a paradise for traders both side violent moves.
I think a good trade setup is emerging in Tatasteel according to wave principles.

Lets see the chart 

The above chart is self explanatory ,We are nearing the end of 5th of c probably.
Which coincides with good support of 500-490 range ,If this range is held expect a very 
good bunce in the stock ,More on this as the chart matures ,Most metals have same structure.

Wednesday, November 21, 2018

Yesbank wave structure

Yesbank has been in news for all wrong reasons.
The stock chart range got extended by big price moves
slowly the price expansion has started to squeeze in let 
me post chart scenarios we have.

This suggests a fall towards 180-170 levels and reverse up to make a lower top again below 230.A triangular squeeze on.

This suggests a fall towards 180-170 levels and reverse up to make a lower top again below 230.A triangular squeeze on.This further shows a posibility of breaking the lows of (168-164),We would see that when chart matures ,We would get hints.
If we go above 230 levels these counts get negated.

Gist:-  both scenarios suggest if a fall comes towards 180-170 it a good buy with lows sl.

Friday, November 16, 2018

Nifty wave count

Nifty is keeping on toes crucial levels approching.
In my last post Nifty wave count .I had anticipated the rally from 
10336 to 10710 as 4th wave rally which turned out to be true.
After that we had a new low 5th wave which terminated at 10004.5.

Let us see the possible counts we have for now.

The popular count is we have a 5 down followed by abc up 
So in this case A (5 down) done ,B up on. The crucial resistance range 
10750-10820 the GAP nifty created in its 3rd wave fall.If thats taken out 
we have to have a bull count ready!!!!.

Let me post the chart.

The other possible scenario we have is running flat correction,Which says the correction is over 
and we head higher.Let me post that chart.

A running flat is a 335 correction where B goes above A high and C remains with in the start of B wave.This is interesting count ,I would look for more hints to zero in on the preferred count !!

Tuesday, November 13, 2018

ICICIPRU Wave analysis

Interesting chart pattern icici prudential.
Lets look at the chart.

The chart is well labled ,As long as 340 holds the stock has potential to hit 380-85.
Lets see how stock performs.