tag:blogger.com,1999:blog-273238092024-03-08T07:51:55.588+05:30Rish TraderTrading strategies,Technical analysis,ELLIOTT wave and InvestmentsRishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.comBlogger1673125tag:blogger.com,1999:blog-27323809.post-43725762281548181472023-04-23T19:39:00.002+05:302023-04-23T19:39:06.521+05:30SBI ELLIOTTWAVE COUNTSLets look at SBI wave structure ,The preferred count follows.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script><g:plusone></g:plusone><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-lzAK49pe9XZbcKE_LRjZYYZ-1cd3ICZolWNvI9FB2TRMFZv7OU-4y3KnN8pRJR_lLY2q15a05bAgeAWcHJpD28nbMDZkY5lqOWE8SGdT6i2RKh69KVJYHGVmpN7Aq_dERJUw7oWZCWdll-QN8SglF1QRbeYtIHCzJ1gVQQN0AnzxlxgmuA/s1171/sbi.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1171" height="253" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-lzAK49pe9XZbcKE_LRjZYYZ-1cd3ICZolWNvI9FB2TRMFZv7OU-4y3KnN8pRJR_lLY2q15a05bAgeAWcHJpD28nbMDZkY5lqOWE8SGdT6i2RKh69KVJYHGVmpN7Aq_dERJUw7oWZCWdll-QN8SglF1QRbeYtIHCzJ1gVQQN0AnzxlxgmuA/w493-h253/sbi.png" width="493" /></a></div><br /><div>From highs looks to have completed a impulse down,5th finished with a double bottom,Which makes me think to have a alternate count handy ,As of now lets stick to this count .So we are nearing a up finish,Which suggests a dip coming.Lets see how this does going forward.</div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-939103710204894872023-04-22T20:37:00.000+05:302023-04-22T20:37:13.483+05:30Banking stocks icicibank hdfcbankA post after quite sometime.<div><br /></div><div>ICICI bank came up with results today,Seems to be a good set of numbers.The very short term chart shows abcde done and stocks looks set for good move on monday above 900 can really shoot.</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjz9zzyBnwgdoIUdDRi6AnmaGu18MEfnyhntd_Xu1GuDLX5xjbslMaWsT_khm5OglZ_kNvfwtYOAuOzz12w5c4nmEqsI7RnWKzOpVhy1a79stwVIMI1bTBnYRjBY8WFpbLHeMd2_QBw7lUDNuqKRJr1GeIvIpCzetiQYILv3PjMactd9yupNQ/s1265/icicibank.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="490" data-original-width="1265" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjz9zzyBnwgdoIUdDRi6AnmaGu18MEfnyhntd_Xu1GuDLX5xjbslMaWsT_khm5OglZ_kNvfwtYOAuOzz12w5c4nmEqsI7RnWKzOpVhy1a79stwVIMI1bTBnYRjBY8WFpbLHeMd2_QBw7lUDNuqKRJr1GeIvIpCzetiQYILv3PjMactd9yupNQ/w648-h251/icicibank.png" width="648" /></a></div><br /><div>Now lets look at Hdfc bank the chart shows 123 done and stock attempting a 4th wave </div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFokLGtNI4C77qKrv1JhKo2lABxEcJeP-bioi7MOTAo-0F5dX3L0L76g47HxHcyOw23nQRBqmhMMqylU8PfrUT228sHjdbMNDWSaiLVN8JxINT3PLWkNLEy2ulhWYouwp3SszVN5LrnB1pUScdUQ8gLY0DbxtJ--rmauSA_S0oIACixIcx8Q/s1266/hdfcbankhourly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="486" data-original-width="1266" height="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFokLGtNI4C77qKrv1JhKo2lABxEcJeP-bioi7MOTAo-0F5dX3L0L76g47HxHcyOw23nQRBqmhMMqylU8PfrUT228sHjdbMNDWSaiLVN8JxINT3PLWkNLEy2ulhWYouwp3SszVN5LrnB1pUScdUQ8gLY0DbxtJ--rmauSA_S0oIACixIcx8Q/w589-h227/hdfcbankhourly.png" width="589" /></a></div>The present structure looks like a small wedge in making which could be a B wave so a possibility of a fall in C to retest breakout trendline cant be ruled out.This stands failed if in present move the price breaches 3rd high. So overall gist would be if ICICI shoots big HDFC bank falls to sober down banknifty :),Interesting Monday session looking forward to see how this plays out.<br /><div><br /><script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script><g:plusone></g:plusone><div><br /></div></div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-72826666734132039362022-12-25T21:18:00.002+05:302022-12-25T21:18:32.023+05:30Nifty and midcap indexDear friends,<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script><g:plusone></g:plusone><div> Nifty made a top on 1st dec wheras midcap index made top on 15th dec .</div><div>Nifty fell 5.9% high low and Midcap indec fell 8.6% high low. I scanned nifty 500 to sort which stocks under performed and outperformed.</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzsmfJtw_Pu66-3oJafXZDolnwKpJGDav-a3-7JzclChJppjHq2GFUDacKcZNZg8w0rrKZ96MFh4Uiq1IKPHOk6sB7GLVtgzA8tCdV322lWWDIwS-ap4mUghLdAKt4k-31L6IWOA_LSwvTCQUCqWfKtawbFtTtRHz9KKpnW4FozWIyjn4zSw/s601/top.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="601" data-original-width="301" height="578" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzsmfJtw_Pu66-3oJafXZDolnwKpJGDav-a3-7JzclChJppjHq2GFUDacKcZNZg8w0rrKZ96MFh4Uiq1IKPHOk6sB7GLVtgzA8tCdV322lWWDIwS-ap4mUghLdAKt4k-31L6IWOA_LSwvTCQUCqWfKtawbFtTtRHz9KKpnW4FozWIyjn4zSw/w289-h578/top.jpg" width="289" /></a></div><br /><div>The above stocks outperformed ,Mostly pharma stocks ,Covid scare did the trick .So even though the index fell by over 8% these stocks ran hansomely. Lets see underperformance.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhr1_mhd4Y1vnkd7RmauxmwcW-ijKzn9CnrLlKqZ8p1mWSaXsKfrMZ3qwhI3ZEmkQsAw4TVPsQMi6H9cMtbmslpD5OD8TXDlb1cGbQk7Io84f58cvRUeW8tqVWDMZ57wwBoZVLRySM17rXquptkvVblwXlgeV9jXc5wRUqhgGTxFekYqd7IjQ/s601/bot.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="601" data-original-width="301" height="612" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhr1_mhd4Y1vnkd7RmauxmwcW-ijKzn9CnrLlKqZ8p1mWSaXsKfrMZ3qwhI3ZEmkQsAw4TVPsQMi6H9cMtbmslpD5OD8TXDlb1cGbQk7Io84f58cvRUeW8tqVWDMZ57wwBoZVLRySM17rXquptkvVblwXlgeV9jXc5wRUqhgGTxFekYqd7IjQ/w306-h612/bot.jpg" width="306" /></a></div><br /><div><br /></div><div>The above list shows the big fall witnessed by stocks ,Many psu banks in the list,They shot up very fast too so saw a melt down .</div><div><br /></div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-881838296423199662022-12-22T19:53:00.001+05:302022-12-22T19:53:26.858+05:30Nifty WAVES Nifty fall from 18887 structure.<g:plusone></g:plusone><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiSnrqomTfoV_quW3FAq3WfNStWZgwhzpMLVkendJaqdbDI7btkQuzPhJgh6tk5uiGSzPfg2vWUKPmjUqmQHIceCqXKveSyjR3S9IEbO68Go1ol3sZ1lbl1Jugbl5R_Vd3Q_HHBnAmK74i4_arMwaiJaD7BXHoNAhAoV4dwgDc2UhPoRkcLA/s1667/NIF.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="911" data-original-width="1667" height="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiSnrqomTfoV_quW3FAq3WfNStWZgwhzpMLVkendJaqdbDI7btkQuzPhJgh6tk5uiGSzPfg2vWUKPmjUqmQHIceCqXKveSyjR3S9IEbO68Go1ol3sZ1lbl1Jugbl5R_Vd3Q_HHBnAmK74i4_arMwaiJaD7BXHoNAhAoV4dwgDc2UhPoRkcLA/w534-h292/NIF.png" width="534" /></a></div><br /><div>The fall looks corrective and probably nearing end of wxy.A meaningful bounce is in offing.Fresh short are not advised at these levels.</div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-43777908770841538792022-12-18T20:32:00.000+05:302022-12-18T20:32:04.085+05:30Capacite infraprojects Trade setupCapacite has made a nice trade setup. A 4th wave low is in for a 5th wave rally .<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script><g:plusone></g:plusone><div>We have a inverse head and shoulder pattern forming too with right shoulder in formation.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsgBrVhY8k7IZk_10yeOnUxqLb1kjcrsBfjuJiNmUtlXKvY-cN6FbVxvS8UWsjBTBn0stU6R43NHGPJ5iSsmhOXrwyf__Pg-UJmaHxOvfrGT12TwjhpJhomylQHCUo_v7K7IeDPidY47SVORe3C4VHyoFr2X8swZ0L8eCDveFLqA8WvzIg6Q/s1330/capacite.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1330" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsgBrVhY8k7IZk_10yeOnUxqLb1kjcrsBfjuJiNmUtlXKvY-cN6FbVxvS8UWsjBTBn0stU6R43NHGPJ5iSsmhOXrwyf__Pg-UJmaHxOvfrGT12TwjhpJhomylQHCUo_v7K7IeDPidY47SVORe3C4VHyoFr2X8swZ0L8eCDveFLqA8WvzIg6Q/w502-h226/capacite.png" width="502" /></a></div><br /><div>The stock has potential to hit 195-200. This pattern holds good as long as stock holds 128.</div><div>Ideal trade would be to buy this in steps in dips.Above 156 the stock would be in momentum and can rally fast.</div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-16688371694708478742022-12-15T16:43:00.004+05:302022-12-15T16:43:41.861+05:30PSU BANKS 3rd wave examples (Elliottwave)Hi friends,<g:plusone></g:plusone><div> A post after a very long time ,PSU banks are on a tear 3rd wave at play lets look at few charts,To figure out the move.</div><div><br /></div><div>Lets see union bank chart </div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4kuqKXEQlHbM7owtn_FGgX8oJO6cLqFQ5vk-L0_DRSwXi23fi104zRY18_NLIBXQlbYFunzljitotT7PXBHLiMIsps1H8b2ZZmBXk-pvwtItV8ZyCSPzkt92-YsHpptcPoN_vCk2DK0PfsTKaNj1h655XdRr-I6clKZO3bBtxuvJjttb8dw/s1667/unionbank.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="911" data-original-width="1667" height="279" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4kuqKXEQlHbM7owtn_FGgX8oJO6cLqFQ5vk-L0_DRSwXi23fi104zRY18_NLIBXQlbYFunzljitotT7PXBHLiMIsps1H8b2ZZmBXk-pvwtItV8ZyCSPzkt92-YsHpptcPoN_vCk2DK0PfsTKaNj1h655XdRr-I6clKZO3bBtxuvJjttb8dw/w510-h279/unionbank.png" width="510" /></a></div><br /><div><br /></div><div>The volume brust and relentless rally confirms 3rd wave characteristics ,(108-112) range can give resistance thats (1.61)of wave 1.Lets see how stock behaves there.</div><div><br /></div><div>Lets check PNB </div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiARwF9QA8sj_NR9dwYCdYU9AiGp3KpqxlN_I22ioLqwNF4PG4RyLAYBjgTGjJQEPUStxA0NRmrHfzPggblZ14wxZriiqs_Vs9CgFeSjEJf_6iIu-t4AlnH-A6m91d0lv75WLudKM6lDcU3NiFuzBpjfxADyvWWWfe7L0TXVfZ2TJXqMAPCyA/s1667/pnb.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="911" data-original-width="1667" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiARwF9QA8sj_NR9dwYCdYU9AiGp3KpqxlN_I22ioLqwNF4PG4RyLAYBjgTGjJQEPUStxA0NRmrHfzPggblZ14wxZriiqs_Vs9CgFeSjEJf_6iIu-t4AlnH-A6m91d0lv75WLudKM6lDcU3NiFuzBpjfxADyvWWWfe7L0TXVfZ2TJXqMAPCyA/w490-h268/pnb.png" width="490" /></a></div><br /><div>This was mostly the laggard most of the time ,This time it took off 50 resistance ,68-70 range is good resistance point for stock..</div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-26673206374562881532020-10-15T16:18:00.000+05:302020-10-15T16:18:36.791+05:30How Nifty performed under different prime ministers of IndiaHi friends,<g:plusone></g:plusone><div> Lets see how nifty has performed under different prime ministers of India.</div><div>The data is taken from PV NARSHIMHA RAO's tenure onwards.</div><div><br /></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhN2xw5JHh7V_7Kni2ZKQ5EEA9By2vWaMAKsHJ7cSqS6JlvEQbs4KHDjqREgpov_RRcU5upICwlmo79Qmj7G8DouZ0qAJL0goRUfwWTNbwq7gqbhrugfSU6zS0wDM0sRfdK5T3D/" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="259" data-original-width="333" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhN2xw5JHh7V_7Kni2ZKQ5EEA9By2vWaMAKsHJ7cSqS6JlvEQbs4KHDjqREgpov_RRcU5upICwlmo79Qmj7G8DouZ0qAJL0goRUfwWTNbwq7gqbhrugfSU6zS0wDM0sRfdK5T3D/" width="309" /></a></div><div><br /></div>I took data from PV NARSHIMHA RAO onwards as,He is often referred to as the "Father of Indian Economic Reforms". Future prime ministers Atal Bihari Vajpayee and Manmohan Singh continued the economic reform policies pioneered by Rao's government. He employed Dr. Manmohan Singh as his Finance Minister to embark on historic economic transition !!.</div><div>In the above table the data for narendra modi is taken till 14th oct ,His tenure is still not finished.</div><div><br /></div><div>Lets see the nifty move in chart in different prime ministers tenure</div><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiHWleUdatehjq1rD6rYg0Jb_5mA5J0lyB2vat3ZAbnt4RAF-yVWw3nv_WHC_qJZVgtBbJOzModx0wyRRbk9JOYwaVlcgh5E1d4NtnWTxHpee2EC9Z3ZM4PE_CDltyR_bMghvG/s1157/NIFTY+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="640" data-original-width="1157" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiHWleUdatehjq1rD6rYg0Jb_5mA5J0lyB2vat3ZAbnt4RAF-yVWw3nv_WHC_qJZVgtBbJOzModx0wyRRbk9JOYwaVlcgh5E1d4NtnWTxHpee2EC9Z3ZM4PE_CDltyR_bMghvG/w598-h330/NIFTY+PM.png" width="598" /></a></div><br /><div><br /></div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com1tag:blogger.com,1999:blog-27323809.post-64599519730770418742020-09-23T16:46:00.004+05:302020-09-23T16:46:21.993+05:30Nifty wave analysisTaking further from last post <a href="https://rishtrader.blogspot.com/2020/09/nifty-and-dow-fut.html" target="_blank"><b>Nifty and dow futures</b></a> .We can see dowfut had already broken previous low whereas nifty was still trading above last low ,In last 2 trading days nifty too breached last low and today attempted a recovery.Lets see the chart.<g:plusone></g:plusone><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2WDVnIZLVaJ-guHzoOnyBUgCEBWOdgSDZy58csEKXtUGUfjiOamsjZi-Q4EJqM61j8kYRcD-wy_9DcB22y_JLHd44zP0-ARp27P5qPIdejUojr3Xc-9ndYHCukjw8sZIq_-KM/s1157/ni.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="640" data-original-width="1157" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2WDVnIZLVaJ-guHzoOnyBUgCEBWOdgSDZy58csEKXtUGUfjiOamsjZi-Q4EJqM61j8kYRcD-wy_9DcB22y_JLHd44zP0-ARp27P5qPIdejUojr3Xc-9ndYHCukjw8sZIq_-KM/w448-h248/ni.png" width="448" /></a></div><div><br /></div>The move is well within the parallel channel . Also a trendline from all time high crosses from todays low .This range of 11000-10950 seems important if we hold it can expect good up move. Wavewise an abc correction looks finished .Lets see tomorrows price action for more confirmation. <div><div><br /></div></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh27w30qRtrfUe-w05u16PFpCRwLt86CnfTuqNvCXa3h6YKL9p3S_MKoB4-ZrWAQ9spAmqXyZuRXHxXzM8XPVxeUnvWTiRnQbIg9zKjFwXLILx9bZSy8Ne16SaiFEqyUuQh5Rrd/s1157/tr.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="640" data-original-width="1157" height="231" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh27w30qRtrfUe-w05u16PFpCRwLt86CnfTuqNvCXa3h6YKL9p3S_MKoB4-ZrWAQ9spAmqXyZuRXHxXzM8XPVxeUnvWTiRnQbIg9zKjFwXLILx9bZSy8Ne16SaiFEqyUuQh5Rrd/w417-h231/tr.png" width="417" /></a></div><br /><div><br /></div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-55115593733957160802020-09-21T16:59:00.005+05:302020-09-21T17:03:25.908+05:30Nifty and dow fut Hi friends,<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script><g:plusone></g:plusone><div> Dowfutures and nifty are in fractal move quite similar move.</div><div>lets see the two charts.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRy9lZj_8wKqx9Tds_qGzdOOgBflS7vFQ-g9PIm9g7rKIl_yZ5UZ6e0k0fZ7E74aiYj-eAFObLM5xkQqyew7KD_sYSO5I2OFjPWQYX_JKfEWEFr2ok-U78DTOsxuodR5NUIOiQ/s1157/niftyc.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="640" data-original-width="1157" height="249" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRy9lZj_8wKqx9Tds_qGzdOOgBflS7vFQ-g9PIm9g7rKIl_yZ5UZ6e0k0fZ7E74aiYj-eAFObLM5xkQqyew7KD_sYSO5I2OFjPWQYX_JKfEWEFr2ok-U78DTOsxuodR5NUIOiQ/w450-h249/niftyc.png" width="450" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div><br /></div>The above chart is nifty spot ,Can see the kind of wave move happened have showed with arrows,Lets see dow futures move.<div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRQPwnh1KefSvr0udRYVpF78Vd7-wsWQ2N11OdnwtBvNZK0eytt15QfO_YRt3TqLw8D-oqjsy0vPRWpQCleOMZiDJJUKK9lOQ8D25D6yAavky0bsXfXHSEVYKNKwjGjeIKfttQ/s1142/dow.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="542" data-original-width="1142" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRQPwnh1KefSvr0udRYVpF78Vd7-wsWQ2N11OdnwtBvNZK0eytt15QfO_YRt3TqLw8D-oqjsy0vPRWpQCleOMZiDJJUKK9lOQ8D25D6yAavky0bsXfXHSEVYKNKwjGjeIKfttQ/w484-h230/dow.png" width="484" /></a></div><br /><div>The above chart is dow futures hourly chart ,Again here i have shown waves with blue lines ,Just compare both charts move its quite similar ,Lil bit here and there variation may be there,But overall structure looks same .Dow futures is bit ahead of nifty chartwise it has already broken previous low ,Where as nifty is yet to break.<br /><div><br /></div></div>Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-89017340327843250352020-07-27T15:59:00.002+05:302020-07-27T15:59:59.559+05:30KOTAK BANK ELLIOTTWAVE COUNTS<div dir="ltr" style="text-align: left;" trbidi="on">
Hi friends,<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
Lets look at the kotak bank move from march lows.</div>
<div>
<br /></div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdRa-wcpz7Yq-GMKh62rordY7IFVKi_95Tajl9l3lQOrIOQDSik4Q867Adq5n05tIFnOVgtm_Hpwyd3lv08iFDDXAze03m0mwpet9ngSqN4D2RZ9Bzh5kw-UTdSDA6593jSGCd/s1600/KOTAK.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="640" data-original-width="1157" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdRa-wcpz7Yq-GMKh62rordY7IFVKi_95Tajl9l3lQOrIOQDSik4Q867Adq5n05tIFnOVgtm_Hpwyd3lv08iFDDXAze03m0mwpet9ngSqN4D2RZ9Bzh5kw-UTdSDA6593jSGCd/s400/KOTAK.png" width="400" /></a></div>
<div>
<br /></div>
<div>
From the above chart we can see WX is done and Y is on ,Right now b of Y is on which is a triangle</div>
<div>
move ,Upper break is at 1400 and lower breakdown is at 1260.According to WXY move ,Expectation would be a breakup ,Lets see how the stock performs in coming weeks.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-34246647028536402172020-07-23T12:51:00.000+05:302020-07-23T12:51:03.077+05:30Midcap index stocks movement since jan highs<div dir="ltr" style="text-align: left;" trbidi="on">
Friends,<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
Midcap index was anyhow underperforming Nifty ,Nifty made a all time high in jan 2020 Whereas midcap index was still -15.3% down from all time high in jan . The fall from jan highs saw midcap index fall further by 41.9% towards march lows ,From march lows index has seen smart recovery with individual stocks doing quite good lets see how stocks have fared.</div>
<div>
<br /></div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcMFcaYdbCXvruAx_BOInn8uOwWwsuN40BMRdp8HfrmDCqoe6LcXWqM_FTt-WvcJbrOHS3zxDxQcRhZF1LDXiMkAW3ByEmU7_IuDzI2PdKiA7gWKwnXMDGsTZ-5444bU5aCuDB/s1600/MID.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1280" data-original-width="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcMFcaYdbCXvruAx_BOInn8uOwWwsuN40BMRdp8HfrmDCqoe6LcXWqM_FTt-WvcJbrOHS3zxDxQcRhZF1LDXiMkAW3ByEmU7_IuDzI2PdKiA7gWKwnXMDGsTZ-5444bU5aCuDB/s1600/MID.jpg" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
Out of these ESCORTS has outperformed big time rural agri theme. So even in pandamic few sectors have done exceptionally good need to dig in deep to find things. Even FMCG stocks did great BRITANNIA clocked robust volume growth thanks to increased consumption of <span style="text-align: left;">biscuits.</span></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="text-align: left;"><br /></span></div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-45440440776007207092020-07-23T11:19:00.003+05:302020-07-23T11:20:37.569+05:30Nifty50 stock movement since JAN highs<div dir="ltr" style="text-align: left;" trbidi="on">
Dear friends,<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<br />
<div>
Since jan highs stocks saw a steep fall going into march ,And started to recover.</div>
<div>
Now we are in july and few stocks have already crossed jan highs ,Most prominently RELIANCE </div>
<div>
has crossed jan highs and have gone up by more than 20% above jan highs ,Which shows the out performance of nifty compared to other indexes ,As reliance holds 12.46% weightage.</div>
<div>
<br /></div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfSZ5lNYGb9UTzgVc__VZw8IciMyFQlG-2QVLjrE36DyFoU3lUcTPAzqLPVSO8BziY4HvrT7zQLJfmrnTy0jthAHgzKLa6QlqzUTKJLC5hBlZvyL0km8h2RqnTnOGnSyr1-41T/s1600/44.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1280" data-original-width="774" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfSZ5lNYGb9UTzgVc__VZw8IciMyFQlG-2QVLjrE36DyFoU3lUcTPAzqLPVSO8BziY4HvrT7zQLJfmrnTy0jthAHgzKLa6QlqzUTKJLC5hBlZvyL0km8h2RqnTnOGnSyr1-41T/s1600/44.jpg" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<b>Nifty is just ~9% down from its jan highs now ,Which was 39.6% down in march fall and had touched a low of 7511.</b></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div>
<br /></div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-78478363070519842922020-07-19T20:35:00.002+05:302020-07-19T20:35:54.322+05:30JBM Auto Elliottwave analysis<div dir="ltr" style="text-align: left;" trbidi="on">
JBM Auto ,The stock touted to be main contender in India's electric vehicle push.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
Lets see how the chart shows wave structure.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKZdKhqnRlzJq3g4NkyN0rBz5V5xjMadnm3maz8sI2HDhoWc-_oA8z-DP9oVHJTOtbTS7SU29Wykx9_rlCZ4zSjhALeOhxGCF7JWvdxIcd0QSlrwEpkSF_qxqqnWTOU-JTlq-v/s1600/jbma.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="1174" height="326" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKZdKhqnRlzJq3g4NkyN0rBz5V5xjMadnm3maz8sI2HDhoWc-_oA8z-DP9oVHJTOtbTS7SU29Wykx9_rlCZ4zSjhALeOhxGCF7JWvdxIcd0QSlrwEpkSF_qxqqnWTOU-JTlq-v/s640/jbma.png" width="640" /></a></div>
<div>
<br /></div>
<div>
The stock shows a solid 5 up on monthly followed by 2.5 yr long correction ,Still under slanting trendline.</div>
<div>
The correction is still on in this,Though a good stock for electric theme lovers in dips.Keep eye on this once the abc of this impulse is done this could be a multi bagger. </div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-82901446981006285872020-07-19T16:01:00.001+05:302020-07-19T16:01:13.397+05:30BankofBaroda elliottwave counts <div dir="ltr" style="text-align: left;" trbidi="on">
Lets see the elliottwave counts for BOB from the lows.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha7IiuIXfyhtes00JEcQ7r4KeIy3LJle3mtaFn0DfQbKkpJ-BeiTaRUo1OGJUBGXcr28DNOgvU4pAZZefxjX2cb_XpThFALS6U2wPb_sRRx0vOn-GxS6Sw-wKcr6EiPWsTLDU6/s1600/bankbaroda.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="1174" height="327" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha7IiuIXfyhtes00JEcQ7r4KeIy3LJle3mtaFn0DfQbKkpJ-BeiTaRUo1OGJUBGXcr28DNOgvU4pAZZefxjX2cb_XpThFALS6U2wPb_sRRx0vOn-GxS6Sw-wKcr6EiPWsTLDU6/s640/bankbaroda.png" width="640" /></a></div>
<div>
<br /></div>
<div>
From lows it has finished a impulse and has done a abc correction.Now as log as 46.80 holds a good upside is possible .Lets see how this performs.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-61822807424944370562020-07-19T15:52:00.000+05:302020-07-19T15:52:30.511+05:30Escorts elliottwave counts<div dir="ltr" style="text-align: left;" trbidi="on">
The monthly elliottwave count for escort follows.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
The chart is self explanatory.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcO-6AwBkikCBF_pA4Sj6I8VF3dPzEJe1TU1KFyT8FkjKC1yk7K9J5P7Q0Egpx73erxHgeUBPu1Qrv6q5xMGrt4lPNAO_ebzf4hEqP1OoBvYM9exXdXUj29wfly03WN1iHk622/s1600/escorts22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="1174" height="324" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcO-6AwBkikCBF_pA4Sj6I8VF3dPzEJe1TU1KFyT8FkjKC1yk7K9J5P7Q0Egpx73erxHgeUBPu1Qrv6q5xMGrt4lPNAO_ebzf4hEqP1OoBvYM9exXdXUj29wfly03WN1iHk622/s640/escorts22.png" width="640" /></a></div>
<div>
<br /></div>
<div>
The stock is doing good and has scaled alltime high .Its the flavour of the season with agri related sectors doing great .On monthly its in 5th wave.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-38961829224289565912020-07-09T12:44:00.001+05:302020-07-09T12:44:19.696+05:30Nifty stocks fall from 52week high<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
Nifty 50 stocks fall from 52 week high the LTP taken is 9th july price during market hours .</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpGMinQXlf6UMFLEft6VYX2c3Ge_PIoMqjG9q1dguMqA0w5qBfR1crULU8p-xs6eCoTTkgA2frGOA9rVRQp55I60OWNmwaH2dxluRz1EWcN0N9QReccymfn0n4rOzr4YvAvhek/s1600/WhatsApp+Image+2020-07-09+at+12.26.04.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1061" data-original-width="716" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpGMinQXlf6UMFLEft6VYX2c3Ge_PIoMqjG9q1dguMqA0w5qBfR1crULU8p-xs6eCoTTkgA2frGOA9rVRQp55I60OWNmwaH2dxluRz1EWcN0N9QReccymfn0n4rOzr4YvAvhek/s640/WhatsApp+Image+2020-07-09+at+12.26.04.jpeg" width="430" /></a></div>
<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone></div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-17575988080668183982020-07-08T14:20:00.000+05:302020-07-08T14:20:05.300+05:30METAL Sector rally from march lows<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
Metal sector rally from 24th march lows!!</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQQUgU6MdXDU4HZ2SuNSghyphenhyphen4GlA2oASQzYF5YPGIMHMaC56fEz1qEkVIkez25hMakxYcUhKud6aTRlJ3db9UxOHUyGiPLQ8guEfVBEkcbWy2E94r4lbMX_fE48hmcTswBkum3v/s1600/metal.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="321" data-original-width="976" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQQUgU6MdXDU4HZ2SuNSghyphenhyphen4GlA2oASQzYF5YPGIMHMaC56fEz1qEkVIkez25hMakxYcUhKud6aTRlJ3db9UxOHUyGiPLQ8guEfVBEkcbWy2E94r4lbMX_fE48hmcTswBkum3v/s640/metal.jpg" width="640" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone></div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-2781322489064395632020-07-08T13:56:00.002+05:302020-07-08T13:56:33.025+05:30FMCG Sector rally from march lows<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
How FMCG sector has performed since march lows!!</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGCO5w9g9UtjV2m3vaRZnAxpeJQu2IrAvEN-Kj6aLEkBQRDAbm-IUr7LXDtVhEg2YoZhY5JFR1KSY_xPt63L-vSHOA1Wsf8N0NjdieE3IiNBPJXIc6u1Z-QG3D3Atn2g4tTzmX/s1600/fmcg.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="333" data-original-width="976" height="218" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGCO5w9g9UtjV2m3vaRZnAxpeJQu2IrAvEN-Kj6aLEkBQRDAbm-IUr7LXDtVhEg2YoZhY5JFR1KSY_xPt63L-vSHOA1Wsf8N0NjdieE3IiNBPJXIc6u1Z-QG3D3Atn2g4tTzmX/s640/fmcg.jpg" width="640" /></a></div>
<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone></div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-10326464679908044312020-05-02T19:06:00.001+05:302020-05-02T19:06:10.214+05:30Nifty sectors Weightage<div dir="ltr" style="text-align: left;" trbidi="on">
As we all know nifty is a index which contains 50 stocks.These stocks carry their weight in nifty .These stocks are from different sectors ,Many are from same sector.Lets segregate them according to their sectors to find out individual sector weight age in NIFTY. <div>
<br /><div>
<br /></div>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 887px;">
<colgroup><col style="width: 48pt;" width="64"></col>
<col style="mso-width-alt: 8996; mso-width-source: userset; width: 185pt;" width="246"></col>
<col style="mso-width-alt: 8484; mso-width-source: userset; width: 174pt;" width="232"></col>
<col style="mso-width-alt: 2742; mso-width-source: userset; width: 56pt;" width="75"></col>
<col style="mso-width-alt: 2852; mso-width-source: userset; width: 59pt;" width="78"></col>
<col span="3" style="width: 48pt;" width="64"></col>
</colgroup><tbody>
<tr height="33" style="height: 24.75pt;">
<td class="xl63" height="33" style="height: 24.75pt; width: 48pt;" width="64">S<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiriOQa4EbtX_ShRgkpHmG68cgwHVLYv8XBjwQbQSUSc9qxJVZ8HyakaFGf6jKUV9hSuJMzaq7HeDsiz2z960-Qfr3oah235CxovXYyggqM0VCMw4V66cBDqvktLBaq-arraAEm/s1600/123.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1054" data-original-width="888" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiriOQa4EbtX_ShRgkpHmG68cgwHVLYv8XBjwQbQSUSc9qxJVZ8HyakaFGf6jKUV9hSuJMzaq7HeDsiz2z960-Qfr3oah235CxovXYyggqM0VCMw4V66cBDqvktLBaq-arraAEm/s640/123.jpg" width="537" /></a></div>
</td><td class="xl63" style="border-left: none; width: 185pt;" width="246"></td><td class="xl63" style="border-left: none; width: 174pt;" width="232"></td><td class="xl67" style="border-left: none; width: 56pt;" width="75"></td><td class="xl63" style="width: 59pt;" width="78"></td><td style="width: 48pt;" width="64"></td><td style="width: 48pt;" width="64"></td><td style="width: 48pt;" width="64"></td></tr>
</tbody></table>
</div>
</div>
<div>
The above table shows weightage of diffrent sectors in Nifty. We can see the main drivers of nifty are</div>
<div>
four sectors according to weightage BANKING ,IT ,FMCG and OIL&GAS.</div>
<div>
<br /></div>
<div>
The top 4,5 sectors in nifty have almost 80% weightage in nifty.</div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 202px;">
<colgroup><col style="mso-width-alt: 5046; mso-width-source: userset; width: 104pt;" width="138"></col>
<col style="width: 48pt;" width="64"></col>
</colgroup><tbody>
<tr height="20" style="height: 15.0pt;">
<td class="xl69" colspan="2" height="20" style="height: 15.0pt; width: 152pt;" width="202">Nifty
heavyweight sectors</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td class="xl66" height="20" style="border-top: none; height: 15.0pt;">Banking
sector </td>
<td align="right" class="xl68" style="border-left: none; border-top: none;">26.30%</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td class="xl65" height="20" style="border-top: none; height: 15.0pt;">IT Sector </td>
<td align="right" class="xl68" style="border-left: none; border-top: none;">15.09%</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td class="xl65" height="20" style="border-top: none; height: 15.0pt;">FMCG Sector</td>
<td align="right" class="xl68" style="border-left: none; border-top: none;">14.51%</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td class="xl65" height="20" style="border-top: none; height: 15.0pt;">Oil&gas
Sector</td>
<td align="right" class="xl68" style="border-left: none; border-top: none;">12.48%</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td class="xl65" height="20" style="border-top: none; height: 15.0pt;">Finance </td>
<td align="right" class="xl68" style="border-left: none; border-top: none;">10.33%</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td class="xl65" height="20" style="border-top: none; height: 15.0pt;">Total</td>
<td align="right" class="xl67" style="border-left: none; border-top: none;">78.71%</td>
</tr>
</tbody></table>
</div>
<div>
Here if i club banking and finance we have a super heavyweight sector which has weight age of almost 37% .So the backbone of nifty is Banking and finance sector.Nifty cant move or fall for a long time time without favorable response from this sector. IT and FMCG are almost same weightage .So next time you try to figure out nifty trend or bias do go through the heavyweight sector stocks ,You would get good hints about it.</div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com1tag:blogger.com,1999:blog-27323809.post-57667315324307286952020-05-02T18:11:00.002+05:302020-05-02T18:11:39.577+05:30INFY UPDATE <div dir="ltr" style="text-align: left;" trbidi="on">
In my last post ,Had discussed about a triangle unfolding in infy.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
<br /></div>
<div>
<a href="https://rishtrader.blogspot.com/2020/04/infy-elliottwave-analysis.html" target="_blank">INFY ELLIOTTWAVE ANALYSIS</a>.</div>
<div>
<br /></div>
<div>
Lets see the present scenario.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhOReAGA1f2l5DMjNHFDxLcay-y4Ec3jAYBhLCmm6uLwNfhiLrLIcD8wvbOznhyphenhyphenIJ87Ld78u76JnXtWsr2vFSUy5owTRVnRsX_xV87B0B4bQfzBiJ5MwzLsV4LEhr-Mz6emKTf/s1600/infy1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1148" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhOReAGA1f2l5DMjNHFDxLcay-y4Ec3jAYBhLCmm6uLwNfhiLrLIcD8wvbOznhyphenhyphenIJ87Ld78u76JnXtWsr2vFSUy5owTRVnRsX_xV87B0B4bQfzBiJ5MwzLsV4LEhr-Mz6emKTf/s400/infy1.png" width="400" /></a></div>
<div>
<br /></div>
<div>
From the last post after abc a triangle finished in d and now probably we have finished e.</div>
<div>
Below 650 confirmation of e being finished. Expecting this to be in sideways to downward </div>
<div>
bias as long as yesterdays high is not crossed.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-38465003582284211342020-04-26T11:44:00.002+05:302020-04-26T11:44:35.145+05:30Axis bank elliottwave analysis.<div dir="ltr" style="text-align: left;" trbidi="on">
Lets look at axis bank wave structure.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
<br /></div>
<div>
The bigger timeframe </div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7WvjxmvI-ofsKxJOTSwmNyqaHaJntKpzoh7uXiGEltssdBxDqHTiiyIsD5JI8npNKqDWzJKltwrxB3OuXLiLmk9kF4BhYMoRl52YdUY-j86X9PRDgebA6Rxqz5LA3XVmN-Cyo/s1600/AXIS1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1148" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7WvjxmvI-ofsKxJOTSwmNyqaHaJntKpzoh7uXiGEltssdBxDqHTiiyIsD5JI8npNKqDWzJKltwrxB3OuXLiLmk9kF4BhYMoRl52YdUY-j86X9PRDgebA6Rxqz5LA3XVmN-Cyo/s400/AXIS1.png" width="400" /></a></div>
<div>
<br /></div>
<div>
Lets look at the structure of rise from the lows. </div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDaj054vKve2RpBMYyGSvpmBH8ks0syUMhRlfDNHixzvn5Sy1WMSKkRUHldiJI8UaLjBEO6Xx-stKzIja41huE34meyZlTTk2soNdDJRsEfRpf5ooEFBjU6cIvYmvCX93EdyO-/s1600/axis+bank1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1148" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDaj054vKve2RpBMYyGSvpmBH8ks0syUMhRlfDNHixzvn5Sy1WMSKkRUHldiJI8UaLjBEO6Xx-stKzIja41huE34meyZlTTk2soNdDJRsEfRpf5ooEFBjU6cIvYmvCX93EdyO-/s400/axis+bank1.png" width="400" /></a></div>
<div>
<br /></div>
<div>
This looks interesting ,Structure looks quite clear and is well labled. 360-70 looks good support </div>
<div>
as lomg as that holds a bullish count remains active for upside .Lets see how the price moves in coming days.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-70582085855921865192020-04-19T13:34:00.001+05:302020-04-19T13:35:31.077+05:30TCS elliottwave analysis<div dir="ltr" style="text-align: left;" trbidi="on">
Taking further from old post <a href="https://rishtrader.blogspot.com/2020/04/it-stocks.html" target="_blank"><b>IT stocks</b></a>.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<br />
<div>
Lets see TCS structure.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn7qVTyLeABUWbOY3nsrwTqPMlzP6zhWTlN_ufuEEoeLq3L6bmlctIeqeP-2qmWXP9g1RJn4zQCqOT7ZOHM7FEVCTPg4vXU9eU6mn6EnuEEV64_ag34H14id3vrJA8PUURSbXW/s1600/tcs.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1148" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn7qVTyLeABUWbOY3nsrwTqPMlzP6zhWTlN_ufuEEoeLq3L6bmlctIeqeP-2qmWXP9g1RJn4zQCqOT7ZOHM7FEVCTPg4vXU9eU6mn6EnuEEV64_ag34H14id3vrJA8PUURSbXW/s400/tcs.png" width="400" /></a></div>
<div>
<br /></div>
<div>
The TCS waves showing lot of abcs ,Here the ideal count i have labled ,As long as a high above </div>
<div>
the dotted yellow line is not done this count is valid.Still we can see rangebound moves for a while and then a trending move.Would update on this as the move matures.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-41229984922853795462020-04-19T13:29:00.001+05:302020-04-19T13:29:05.713+05:30INFY elliottwave analysis<div dir="ltr" style="text-align: left;" trbidi="on">
Taking further from old post on <a href="https://rishtrader.blogspot.com/2020/04/it-stocks.html" target="_blank"><b>IT stocks</b></a> .<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
<br /></div>
<div>
Lets see structure of INFY.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnjMV9BldQqPzejc1BE13xKTBtO-zSYCjk-U7zmEwk_Nc4Hgey-0K1jELuomEmVT4uwUjUSPlUKMJahkNzFYqVnCOygPCoiFJAtgIUBiS6NFRpmTLFXywDJUj5fpYTPSyZbZLi/s1600/infy.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1148" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnjMV9BldQqPzejc1BE13xKTBtO-zSYCjk-U7zmEwk_Nc4Hgey-0K1jELuomEmVT4uwUjUSPlUKMJahkNzFYqVnCOygPCoiFJAtgIUBiS6NFRpmTLFXywDJUj5fpYTPSyZbZLi/s400/infy.png" width="400" /></a></div>
<div>
<br /></div>
<div>
The present structure shows multiple counts .We had an abc finished near 680 levels and from there</div>
<div>
we could be trading in a triangle or a new abc need a day or 2 more price move to zero in on popular </div>
<div>
count .Would revist this soon.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-10974532163921094642020-04-14T12:15:00.001+05:302020-04-14T12:16:58.841+05:30ESCORTS UPDATE <div dir="ltr" style="text-align: left;" trbidi="on">
The escorts pattern is opening up.Look at the old post <a href="https://rishtrader.blogspot.com/2020/04/escorts-elliottwave-analysis.html" target="_blank"><b>Escorts elliottwave</b></a> .<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script><g:plusone></g:plusone><br />
<div>
<br /></div>
<div>
Lets see the present structure.</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbPLJ_I6jkJdGkVvzvpEaP30i0yn4czVsbk2qPpp7wKrDsY2pFLN56QNSpmc2aVMIyhUapoZAf3zzqJv39DOYC9l8w0VQUrEPEK7pHDotEPg0U92HIIal0bGpWDoC9CL3xC4uH/s1600/ESCORTSS.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1148" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbPLJ_I6jkJdGkVvzvpEaP30i0yn4czVsbk2qPpp7wKrDsY2pFLN56QNSpmc2aVMIyhUapoZAf3zzqJv39DOYC9l8w0VQUrEPEK7pHDotEPg0U92HIIal0bGpWDoC9CL3xC4uH/s400/ESCORTSS.png" width="400" /></a></div>
<div>
<br /></div>
<div>
B wave probably unfolding into wxy ,y wave unfolding which has potential to do 750-760.</div>
<div>
<br /></div>
<div>
Lets see how the price moves in coming days.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0tag:blogger.com,1999:blog-27323809.post-64322815614891544102020-04-11T18:55:00.001+05:302020-04-11T18:55:12.947+05:30Escorts elliottwave analysis <div dir="ltr" style="text-align: left;" trbidi="on">
Lets look at wave structure of escorts.<script src="https://apis.google.com/js/plusone.js" type="text/javascript"></script>
<g:plusone></g:plusone>
<div>
Lets have larger time frame first.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyZouOD6zA8R40qyr84h2VSHjll07PBVO-6yV1mUHwTtu_Qh_wHxtW2LU4PWbl-P_ajFeS3E-aJUywRvrddNAkUDLrCRIZldM6PnYUNQvprgYBm_pIy71a8nZyj7RA5p9rzzBV/s1600/escorts.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="1170" height="205" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyZouOD6zA8R40qyr84h2VSHjll07PBVO-6yV1mUHwTtu_Qh_wHxtW2LU4PWbl-P_ajFeS3E-aJUywRvrddNAkUDLrCRIZldM6PnYUNQvprgYBm_pIy71a8nZyj7RA5p9rzzBV/s400/escorts.png" width="400" /></a></div>
<div>
<br /></div>
<div>
Larger time frame shows 123 is finished and 4th is on.Lets see the lower time frame to see 4th unfolding wave structure.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpDVjTNCL85yc34BnIIxS9HIyspCrnKP8Em-c41oCtrVvrz9v-VYHrls_aQLnZbrfnCb7e5pRMOl3TFLnbGc0uOqb8os7iNvH4thwiNsPqiu4D81s6ZCwQn8z2GF2FopIP6XEy/s1600/escorts1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1148" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpDVjTNCL85yc34BnIIxS9HIyspCrnKP8Em-c41oCtrVvrz9v-VYHrls_aQLnZbrfnCb7e5pRMOl3TFLnbGc0uOqb8os7iNvH4thwiNsPqiu4D81s6ZCwQn8z2GF2FopIP6XEy/s320/escorts1.png" width="320" /></a></div>
<div>
<br /></div>
<div>
The above chart gives hint of WXY unfolding its trading in a parallel channel. WX is finished Y is unfolding with a already done and b underway .b is usually notorious plays around for some time before giving up not to forget it catched lot of traders on wrong foot .Look for shorting opportunity in coming days in this in rallies.This wave structure fails if stock crosses above parallel channel.</div>
</div>
Rishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.com0