Reliance capital Target

Hi friends,
                  Looking at reliance capital chart this stock
has potential to do 380 and above that 427.
Lets look at the chart.

The chart is well labeled
we had a diagonal move
abcde followed by an
abc correction and now
again the stock has started
to impulse up.This stock is a
buy in dips as long as 317
holds targets would be
380 and above that 427
respectively.


Lets see how stock moves in coming time keep an eye on this this has a history
of moving very fast and finish targets soon.

Regards
Rish 

Nifty after RBI policy

Hi friends,
                     In my last post Nifty had posted about 6700-6720
would be an important level to watch from where nifty can
take a breather.
Lets see the chart now.

From the chart we can see
nifty is hovering in range
after scaling 6720+.
Now below 6660 nifty
can turn bit weak and
target 6600-6580.
Lets see what nifty does
in next few days.
RBI policy turned a
non event we saw some


profit booking in banks thats it, Broader market is un affected

Regards
Rish                              

BANKNIFTY and RBI POLICY

Hi friends,
                   Tomorrow being RBI Policy day all eyes would be on banknifty
35% stake holder in nifty so what ever happen in banknifty it largely affects
nifty as well.
This march month banknifty rose 18%+.Lets see technically what banknifty
looks like right now.
Let me put the wave count chart .

The chart is well labeled
We saw a top in end 2010
followed bt a retest in early
2013,And now almost near
that top .
Now right now we have a
moderate bullish count
and a severe bullish count
active here we could be
forming a triangle which
suggests we dont cross the

high ,we may retest and correct down and break resistance later sometime
The big bull case says we did a leading diagonal from the start of 2012 and ended
at double top in mid 2013 so we could have done 1 or a wave leading diagonal
then we had a severe correction retracing 80% of the rally and now again we are
up and almost knocking the double top resistance.Lets see how banknifty moves
after policy .

Regards
Rish

UNITECH wave Targets

Hi friends,
                   Unitech is one of the most beaten stocks in Real estate sector .
On weekly chart the stock has started to move up above an important
trendline support
Lets see the chart.

The chaet is self explantory
A nice squeeze has developed
over many years ,This should
target minimum 26 ie the upper
resistance trendline in any of the
2 cases have labeled in chart.
This stock went below yellow
trendline for sometime but
eventually reversed and closed
above that strongly.


Lets see the last leg structure to get a closer look

We can see from the chart
the stock has reversed on good
volumes after 5 down so a nice
upmove is expected in it.This
view holds as long as the stock
holds above 11 ,This can be
bought in dips for a target of 18
20 and eventually 26.





Regards
Rish