India bull realestate technical chart

Hi friends,
                   Revisiting IBR chart ,From october onwards the waves are quite clear.
We had a impulse followed by a abc correction and then a rising wedge or ending diagonal.
Of late this stock have been range bound in 80-50 .

In very short term as long as 66 is protected this stock has potential to hit back 80.
If 66 is breached the structure suggests distortion.
Overall after few weeks can try to project long term view for this stock
presently at a important juncture so i am keen to update this again and again.

Regards
Rish

TCS technical chart

Hi friends,
                   Today would discuss TCS chart a IT heavy weight which is in secular bull
mode since 2009 .
I wanted to show how parallel channel works brilliantly at times,You can see how channel
top regularly successfully resisted 3 times ,This is most simple but usually most reliable
support and resistance tool.

 Technically looking at chart it brokeout from a small triangle now as long as it holds 200-1980
a new high to 2300 is possible even more can look at structure once it reaches there.

Regards
Rish

Yes bank technical chart

Hi friends,
                    Looking at yesbank hourly chart it shows a overlaped abcde
structure which suggests a final rise towards 385-390 before abcde finishes.
Traders who wants to trade this should keep stoploss at 369.

 Trade wisely.

Rish

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