ICICI BANK wave structure

Hi friends,
                    Icici bank came up with results today
ICICI Bank's net profit rose 17.84% to Rs 9810.48 crore on 12.77% increase in total income to Rs 54606.02 crore in the year ended March 2014 (FY2014) over the year ended March 2013 (FY2013).
Net interest income increased 19% to Rs 16475 crore in FY2014 from Rs 13866 crore in FY2013. Net interest margin increased by 22 basis points from 3.11% in FY2013 to 3.33% in FY2014. Non-interest income increased by 25% to Rs 10428 crore in FY2014 from Rs 8346 crore in FY2013.
I had posted a chart a day back about the fall coming in ICICI BANK .
We have seen profit booking after the result .
Lets see the bigger picture in ICICI bank wave structure.

From the chart we can see that
er are in process of finishing
a 5 up .So in the bigger picture
we have 2 impulses joined by
abc .The 5th of this impulse
is abcde ,Let me expand the 5th
to get a better view ,What i mean
by this.Overall a fall towards 1220
1200 is on cards to finish d wave
of abcde.


Let me put hourly chart to get a better view of abcde

 We see 3 abc's joined together
now with d on i expect this
fall to target 1220-1200 before
e leg up unfolds.
This structure holds good as
long as c top is not breached
Overall the stock is resting after
steep run up and requires to
correct once it completes
this pattern


Lets see how the stock unfolds in coming weeks.

Apple computers Trade setup

Hi friends,
                   I some times post about US stocks last time i had posted about
Mcdonalds.My expectation was it shiould rally towards 100$ ,Yes the stock
rallied towards 100$.
Now i am posting Apple trade setup,Let me put the chart.

Its a classic zigzag correction
The stock has done ab leg and
right now ready to do c leg
,Trade idea would be to buy
this stock now and even in dips
as long as 510$ holds ,This
stock can target 550$.
Buy and wait patiently for
the target to be reached.



Lets see how the stock moves

Regards
Rish

HATHWAY CABLES Targetting 280

Hi friends,
                   In last one month midcap stocks have done wonders ,Many have moved 50%+
and few even have doubled ,This shows the extent of bull attack in midcaps.
I posted many stocks in midcaps and they really did good.
Today i am posting Hathway cables , one of the largest Cable TV services company of India ,  Established in 1995, Hathway provides quality Cable TV services in thirteen cities across the nation. With fiber optic backbone across its networks and state-of-the-art distribution set ups
Lets see the chart

 We can see the the stock was in
a range for more than a year
its trading inside a triangle
,I could figure out it has done
abcde where the e wave overshot
the lower trendline and it bounced
back and entered back in triangle
The stock looks set to touch 280
levels ,As long as this holds e low
ie 219 levels.


Investors can gain from this spurt towards 280 above 280 it confirms triangle breakout
and the target gets higher.Lets see how this stock performs.

ICICI BANK expiry view

Hi friends,
                   Looked at icici chart i see a couple of abc one after another
look at the following chart to understand what i meant.

We can see from the chart how
consecutive abc move is
unfolding in icici,This is usually
a time consuming move which
takes time with sudden moves
in between which confuses
trader ,Right now icici is
trading in c wave of abc
Let me put the chart
for the internal structure


of c wave to understand the c wave structure.

 My expectation is a small dip
and rise towards 1300+ and
then a drop towards 1280,1250
to finish wedge formation .
Lets see how icici moves
tomorrow overall the move
looks stretched so a dip would
be good for the upmove.




Regards
Rish