Nifty Shows impulse

Hi friends,
                   Nifty after a small consolidated correction again resumed
uptrend.
Lets see the present structure.

The impulse is visible
clearly from parallel
channel we get resistance
in range 6800-6830
above that 6860-6890.
This is profit booking range
for nifty ,Concentrate on
getting good level to book
rather than catching new
trades.


Lets see how nifty moves .

Regards
Rish 

Nifty Consolidates

Hi friends,
                  Nifty starts to consolidate at highs and takes a breather
still holding 6600.
Lets look at the structure

This would show more strength
above 6725,We could have finished
A wave correction,Above 6725
chances of this correction over would be come bright ,Overall
bigger picture remains fine
break of 6600 would be first
sign of weakness.
Midcaps continue to perform
though the number has reduced.


Lets see how nifty behaves in coming sessions.

Regards
Rish 

Why learn Elliottwave (DREDGE CORP)

Hi friends,
                  Continuing with my Why learn Elliottwave ,Topic
Today i am showing an example where the stock is about to show big breakout
of the range and how an elliottcian tries to catch it before it starts to explode.
Let me put the example stock chart Dredge corporation.

The assumption is,The stock
has finished a big ABC
correction and now looking
to break out of the down
channel  ,This stock has
potential to scale to 400
in very short span,Look
for volumes they are building
up ,If this is 3rd wabe brust
the volumes would really go
ten fold.

Keep an eye on this stock ,Lets see how this stock performs.

Regards
Rish

Technical charts we discussed (Tataglobal and Raymond)

Hi friends,
                   I had given Tataglobal trade idea some time back
this stock performed exactly the way it was expected.
It touched 155 and now retracing a bit.

I had discussed about Raymond trade idea This stock too followed
the pattern perfectly and did 300+ as was expected.

 I had discussed Unitech trade idea this stock trade is still active
the stock has started to go up.


Overall we have seen waves are working good in this market ,Only thing
we need to wait for the right setup to emerge and then jump in to catch
that trade.
A important point here is we should learn to have patience so that we can avoid
shallow trade setups ,So that we don't end up missing the good trade setups.
Learning Wave principle definitely gives edge to traders.

Regards
Rish