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.