Nifty wave counts 28th may

Hi friends,

                Nifty continue to move above 7200 keeping both counts alive :).

with expiry approaching fast a decisive move is on for sure .

Lets see the chart structure.

A squeeze kinf od structure is forming

near 7300 levels ,Lets see if nifty continues to be in the same range or

tries to break that range.Once the range breaks i would post the further

structure because as of now 2 counts 

are active once it confirms 1 count i would go further with the same count

and post its further move so keep eye on 7200 as long as that holds Nifty looks fine ,

Below 7200 we get new lower levels.

Regards

Rish 

Nifty wave counts 27th may

Hi friends,

                  In my last post Nifty i mentioned about B up and a rise coming towards 7350+

Looks like the c wave stretched and we hit 7500+ and fell brutally in a fast move.

Lets look at the chart.

This count says we 

finished B at 7500+ and

have started C down for 

a target of 7070.

This count is bearish and nifty 

can target 7070 if a=c and can

stretch if it goes below that.

Another count i have in mind if we hold 7200 which would be bullish abcde count

as shown in picture below.

This count suggests of we hold

7200 we can have this move 

coming up.Lets see how

nifty moves today

this being expiry week 

move can be volatile 

keep an eye on levels

to see what move 

emerges.

Regards

Rish 

Indiabull real estate breaks out

Hi friends,

                 Indiabull realestate comes out of down channel its showing exciting trend ahead lets

see the long term picture. The stock has corrected 850 levels to a low of 40 in 4 years.

 From the top the structure

looks to have made 

abcde and it has broken

out from that channel and

suggests a new upmove after 

finishing abcde ,This stock 

is buy in dips ,It can retrace back to 

test breakout support or near

that buy in steps ,Target would 

be about 200 rs in a year time max ,Keep this stock on radar .

Regards

Rish

Stocks go in 3rd wave spin (Modi effect!!)

Hi friends,

                  We are witnessing one of the best time since 2008 midcap rallies,Stocks  just 

took off and are not looking back.I had given many stocks here on blog they did exceptionally

good Dredge corp has doubled in matter of 45 days ,Let me put the chart.

From the chart we can see how 

brutal move this has been 250

to high of 570,This is characteristic

of 3rd wave sift and fast move 

and it continues in overbought move

Agolden rule here Big moves usually 

come in overbought (Up) and oversold

(down).So now important point here 

is the stock has almost reached 1.6 of

wave 1 which comes at 600 levels

One need to be carefull near these 

levels profit booking can emerge and a 4th wave consolidation may happen before further move up.

This is still an anticipation according to wave analysis so don't book out before confirmation 512 would

be a good trail .

The next big stock which was caught at right time was Reliance capital 

This stock also ran fast enough 340 TO 550+  let me put a bigger chart for relcapital

to see what is the bigger picture.

We can see from the chart the

stock has finished a potential

ABCDE and has broken out 

of slanting trendline which 

suggesting big targets in coming

time as long as the breakout holds

this stock would continue to be buy 

in dips with a much larger target 

in the range of 800-1000 rs

This stock looks set to gain its past

glory in coming time :).