HDFC ABC galore

Hi friends,

                 I had posted about HDFC ABC'S how the waves evolve ,We witnessed continuous

abc formations ,Till now we have seen 3 consecutive abc's .

Lets see the chart.

In my last post i had told

about the reversal coming

near 870-865 levels,The

stock went till 862 and reversed

from there and presently trading

at 911,A handsome 5% rise

You can see we just counted 

waves and tried to figure out

next structure ,The last post 

the stock was at 895 and the 

expected fall was till 870-865 the stock fell till 862 and reversed ,Idea was if some one knows

Elliottwave Trading it makes much easier for a trader to anticipate reversals.

Regards

Rish

Banknifty trades in Triangle ahead of RBI Policy

Hi friends,

                  Banknifty is trading in a classic textbook triangle

with clear 2 waves in each leg look at the chart below .

According to chart if 14700

holds we are heading higher

in d leg of triangle .

Overall a nice triangle squeeze underway.

Regards

Rish 

NTPC the electric giant followup

Hi friends,

                 In my last post NTPC the electric giant i had mentioned about the wave reversal 

what we can see in NTPC and yes it indeed reversed ferociously .

Let me put the latest chart to show the current picture.

The last post when i had put the

stock was hovering near 120 levels

and it shot up to 167 level quite fast

and now retracing the rise.I see a very

promising future for this stock.

The power crisis is a very old problem

what India is facing and with out NTPC we cannot solve that problem

and now with Modi at the helm of 

government ,Things look rosy for this 

stock because ,For once we can 

expect faster disposal of government files etc.The latest being the Uttar pradesh power crisis people are 

facing 12-14 hrs power cuts ,NTPC is well placed to solve such crisis ,Now even has got own railway 

lines and bogies to get supplied with uninterrupted supply of coal to full fill its power factories demand.

Next few years are NTPC years:)

Regards

Rish 

HDFC ABC Continues

Hi friends,

                 Let me show tonight how a stock pattern is formed slowly ,The only reason 

a trader misses a pattern is the time consuming nature of pattern formation.

This HDFC chart we can 

see how continuous abc 

formation is seen this is

third abc (zigzag ) in it

still early in the pattern but

if a=c then a fall till 870-865

can be seen after which the stock

should reverse ,Track this stock

its one of the super heavy weight

in nifty ,Lets see how this moves in coming sessions .

Regards

Rish