Sriram transport technical chart

Hi friends,
                   Today i am going to discuss chart of Sriram transport .
A very clear wave chart we can easily count an impulse up from 2011 dec end.
Impulse finished by may 2013 .
We had a sharp reaction after 5 up impulse which retraced more than 80% of the
impulse,And smart recovery after that which is resolved into 1 up abc ,now a 3rd wave rise
only thing missing in this count for confirmation is volumes to confirm 3rdwave on,Lets
see in the coming days if volumes get into the stock.
According to this count this stock is in a strong uptrend and every dip is a buy as long as
550 holds.

This stock has potential to rise to new high soon ie 850+,Buy all dips in installments
to gain maximum,Lets see how stock performs.
Regards
Rish

nifty chart 20th dec

Hi friends,
                     Iam expecting the fall from yesterday to be forming a b wave
if 6125 holds i expect the following action given in chart .

Regards
Rish

Reliance capital chart

Hi friends,
                   Revisiting old post on reliance capital,Iexpected max 410-420 and a fall in that
see the old post Reliance capital .
What happened we saw stock went on to make a top at 407+ and fell sharply after that presently
trading at 343+.
Technically as had told in old post abcde was anticipated and same happened it did the e leg
and fell back ,Now 333 range is a good support looking for a bounce back from these levels

Sit back and see the reaction of price to these levels to decide further move.
Regards
Rish

Nifty 19th december

Hi friends,
                   A bounce was expected from 6100  levels it bounced from 6125 levels its
understandable ,The levels to watch on upside would be 6237,6271and 6305.
So trendline support held so the squeeze continues,This squeeze has contracted the price considerably.

Regards
Rish..