How to trade Nifty after exit polls

Hi friends,

                 In my old post i mentioned about nifty resting or consolidating

after steep run,My expectation for a bottom was around 6600 levels nifty 

reversed from little above that.

Lets see the present picture.

From the picture ,It can be seen

i have marked 2 counts yellow

and green .

The green one is quite bullish count

which suggests extension and we 

are in 3rd of 3,This count portrays

a very bullish picture in coming months.

The Yellow count is abcde and right now e is on,Some observations from 

this count c=1.61a(almost) and right 

now even e is exactly equal to a ,Interesting indeed ,The point is nifty is right now hovering in an important

area 50-100 points here and there is ok but if we don't cross this range of (7000-7200) we should be in for

a consolidation which can turn into a good steep profit booking below 6700.In a bull case 6700 would be held that,s where the big support lies for the recent rally.

Track these levels closely and we see where nifty heads post 16th!!.

Regards

Rish 

Microsoft trade setup

Hi friends,

                  I see that an abc correction has ended in Microsofr

and its right now trending up ,This should target atleast 41$

above which it can breakout towards 45$

Let me put the chart to get a clear picture.

From the chart we can see white 

abc is finished and a new upmove

has started and it should target 41

atleast above which 45 is possible

Ideal trade would be to buy in dips

with a stoploss of 38 for a target

of 41 and then above that 45.

Previously we saw a nice spurt

in Apple which i had posted

earlier.

Lets see how microsoft moves in coming days.

Regards

Rish 

GAIL Trade setup

Hi friends,

                  I had posted Gail some time back and the stock moved a bit and then 

started to consolidate in a range .

Let me put the chart to get a clear view .

From the chart we can see that

the d wave is taking time and 

right now we could be in bwave

(blue) precisely c of b should 

happen so here we have a small

long trade as long as gail holds 

on to the low of 356 it can 

target 391.

So ideal trade would be buy 

in dips with a sl of 356 

for a target of 391. Lets see how this stock moves.

Regards

Rish 

Why Learn Technical Analysis

Hi friends,

                  I have been writing this blog for many years now .Due to my writings on blog

i got many opportunities to interact with investors and traders.

I have come across traders who trade on gut feel ,Tape reading ,Technicals and few tukka(fluke) traders too,Still a large chunk of traders depend on news and tips from other sources ,By other sources i mean

tips given on social media ,on tv and even on sms ,These tips can't be trusted fully till one follows them 

and analyses their success ratio.

I always advocated about learning technical analysis ,As it gives trader confidence and logical reason

to go for the given trade,Even if you don't wanna get deep in technical analysis ,You should at least

go through the basic technical course .

A course which equips you with knowledge of how to see chart ,How to spot support and resistances

Trend lines etc,You would be sure after this course that you can analyse a given trade whether to go for

it or avoid it.

Their is no short cut to success.

Stock market is a serious business

many take it as gambling as they 

don't have the knowledge for it.

You need to have an edge above 

others to win in this hence 

technical analysis comes in to 

picture.I have in past helped

many traders and investors

to learn Technical analysis

Of course I take fees for it ,Free lunches don't serve the purpose,For seasoned traders i take Advanced

Elliottwave course which hones them with skills which help them to spot an opportunity before it occurs

and catch it and sit tight on it till favorable move happens .If you are interested to know more about

these courses do mail me at rishrich at gmail dot com do mention  subject as technical analysis.

Regards

Rish