Jindal steel elliottwave analysis

Hi friends,
                    Looked at jindalsteel this could be forming a nice trade setup.Lets count waves from
180 levels It finished a abcde till 265 .
After that a time consuming b is evolving my expectation c of b is underway and the stock can fall towards 225-220 over some time after which it can rise towards 260,270.
Track this stock closely if the waves unfold the way i expect we have a nice trade on hands.

Regards
Rish

Nifty 22nd november

Hi friends,
                   We saw 6100 breaking and we tested 6065 with ease and further the wave gathered steam and we at one point of time tested sub 6000 levels ,We are nearing end of a wave after which  a relief rally ie b wave up should come some time from today lasting till monday or tuesday after which fall would continue..looking at 5960-5950 for bounce area..

Regards
Rish

INDUSIND BANK Elliottwave analysis

Hi friends,
                   Let us look at indusind bank waves ,Its quite clear we saw 5 down from may top till end september and after that big abc is underway of which a is finished b is underway.

The b wave further again getting resolved into a abc of which ab is finished and c is underway the following chart is self explanatory looking for a fall till 360-350 ,Before things look upbeat for this stock.

Nifty 21st november

Hi friends ,
                     Nifty reacted to 61.8% retracement resistance and fell back it should test 6100 atleast and then make pattern for further move below 6100 potential

to test 6060 is high  would be following it closely as nifty is at a important juncture ,Which opens up nifty for 300 points move either side would track it closely.