Tuesday, August 14, 2018

Long term charts METALS

Have made few long term charts.


The stock consolidated for 4+ years 
in triangle and broke out and now retracing from highs.


VEDL did 5 up on monthly chart and then did abc correction .
The stock rose back above b wave trendline and retracing.


This stock also did a triangular consolidation broke out and now retracing.

Sunday, August 12, 2018

MARUTI wave analysis

Maruti did a small degree 5up recently.
Lets look at the chart.

From the chart we can see a nice 5 up followed by a correction the correction
is reaching near support levels. This most likely can bounce in any gapdown
Good support at 8960-80.Lets see how stock plays out in coming days.