Sugar sector Update

Hi friends,

                I had mentioned about the coming breakout in Sugar sector .Since then we have seen

big gains in that sector As i had said this sector moves in sync all sugar stocks ran,

We have seen gains  from 80% to 20% in them in a very short span of time.

The big guns Namely Bajaj hindustan and renuka are on brutal run hope you saw the last

post and got benefited from timely post!!.

Look to book small part profit on monday in sugars and hold rest for bigger targets.

Below giving an example to demonstrate how a good breakout can be caught if

wave principle was applied.

Lets see the bajaj hind chart.

From the chart we can see 

how the stock broke from 

a small ABC  correction

and it was caught well

by the slanting trend line

and after that the big move

was seen which was caught

properly.So a simple abc 

gave humongous move

after breaking out ,Thats why i say knowing Wave principle Akka Elliottwave trading gives

an edge over other traders to spot the setups much ahead of others of course if applied 

correctly.

Regards

Rish

Nify Squeeze

Hi friends,

                 Nifty continued to squeeze ,It broke from the contacting squeeze yesterday

and is trending up,Above 7504 it would be confirmed triangle has been broken out.

Lets see the full picture.

From the chart it can be seen

the red lines of triangle

has been taken out and has 

closed above that.Now as 

long as it holds above that nifty 

first target comes at 7503 and above

that nifty can target alltime high above

previous high which it made on election

result day.

The green dotted slanting trendline is the support line till that is not voilated nifty uptrend

would continue.

Regards

Rish 

IndiaVIX reaching support

Hi friends,

                     In my last post on VIX i had written about VIX BREAKOUT .We saw handsome 

breakout and witnessed a rally from 14 to 38 levels in a short span of time.

Lets see the present picture .

After spending time near highs

Vix reversed and has reached support

From wave priciple we can see vix is

almost finishing 5 wave down

A case for a rise coming up in some

time ,Look for VIX to head north 

in sometime ,We can see vix back to 22 levels soon play accordingly.

Regards

Rish 

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