>IDBI elliottwave analysis

Hi friends,
                   Just thought of sharing IDBI analysis look at the beauty of patterns which happen on all time frames be in intraday or daily even monthly.
From the chart its seen we had finished a 5 wave up move by the year 2006 and from 2006 to 2013 we are making a expanded triangle which is in its last leg down ie e down .All those investment lovers should get ready to closely watch this script .

Keep looking for more such picks .

happy trading..

LIVE NEWS

>Nifty elliott wave analysis

Hi friends,
                   Nifty has broken 5800 and tested an important support zone 5680-5620 ,I expect nifty to hover here and attempt a rally towards 5850 or 5950 and then again resume downward journey.Be watchfull if shorting here shorts now only below 5600 or on upside.

Stocks have been falling like there is no tomorrow be very selective with stocks buy stocks only when nifty reverses don't try to be a early bird it can be injurious to ones financial health .There is nothing called cheap stock in bear market and nothing called expensive stock in bull market ,Trade wisely.

Happy trading

>MCDOWELL Elliott wave analysis

Hi friends,
                      Tonight trying to put waves for one of the great out performer of this market ,Yes am talking about MCDOWELL the mad bull 600 to 2800 in matter of 1 year.

 The first chart shows its long term waves which shows its in 5th up .The second chart shows the internal structure of 5th wave which looks to me is in terminal stage last rise kind it should kiss 3000 i think before topping .

Investors who had their share of highs should look to book profit slowly u see hangovers are quite bad after a long night of drinking.

Happy trading