Friday, January 18, 2019

Techmahindra elliottwave analysis

This stock has been whipshawing for quite some time
lets see the internal waves to figure out what the stock 
is up to.

The above chart clearly shows the stock is in timeconsuming triangle which has a breakout above 735
and breakdown below 670.Wave says some more time in traingle before its ripe to break it. Track the stock for good move after finishing triangle keep levels handy.

Thursday, January 17, 2019


The stock gave a good spurt last few days ,I had told about 360+ 
in my last post icicipru elliottwave analysis. The reached 360+ the congestion range
and is consolidating.

Now further move up comes above 364 ,Which take stock up further towards 380,400.
Support for now comes at 332+ ,A good impulse looks to be building up from the C low.

Monday, January 14, 2019

Nifty elliottwave analysis

The nifty grind is still on with range is still getting squeezed,
In last post nifty elliottwave counts,Had anticipated d and e wave 
of triangle the expected up down move has come.Lets see the present 

Above 10880 the triangle breakout comes and below 10600 triangle breakdown.Reliance the 
heavy weight of nifty is also moving in triangle Reliance elliottwave analysis.The expectation 
is of upside break to complete the c wave rally of Y .Lets see how waves unfold .

Thursday, January 10, 2019

Reliance elliottwave analysis

Triangles galore ,We witnessing a triangle in nifty too.

Reliance has been consolidating for quite some time and 
range is getting contracted lets see the chart.

The chart is well labled ,Above 1130 -35 expect good rally in the stock ,Explosive move ahead 
as range is quite sequeezed .This being the super heavy weight no wonder even nifty is apeing the