Nifty 11th june

Hi friends,

                 Nifty inched up after completing abc correction

which was first looked like a triangle ,And is still rising ,Though intraday corrections have started 

to look steep and the buy back after that was not that fast ,First sign of exhaustion.

From the chart we can see

7550-7560 is the first support

till thats held i don't see

a big dent in nifty.Keep that

as stoploss for your profits.

Regards

Rish

JUBILANT FOODS finished a big FLAT Correction

Hi friends

                 Jubilant food has made a nice pattern ,It has finished a Flat correction.

ie it did a abc correction with 3,3,5.Its a big Flat correction spread over 1 year.

Lets see the chart to see the structure.

From the chart we can see

the clear ABC structure

and even can see 3 waves

of A , 3 waves of B and

5 waves of C clearly.

A clear cut Flat correction

A powerful pattern ,This is a good trading stock for next few months

with a target of 1900-2000.

Buy this stock in dips and add

on to it.You would see 1900 in it in coming time.

Regards

Rish 

Hathway cables and Unitech wave targets

Hi friends,

                 I had posted about hathway and unitech sometime back and had anticipated 

big run ups in them.

Look at what i said about HATHWAY CABLES.

This stock did a big abcde consolidation spread over more than a year

but see the beauty of pattern once it was finished it took not even 2 months

to breach resistances and scale an all time high.

A handsome 40%+ move in about

a months time indeed priceless.

Lets look at UNITECH and see what i said about it.

It was at 14 and i was able to see a rally rowards 26 at that time now it has reached 37.

A handsome 100% return in

about a months time.So its all

about what technical analysis

tool one uses to reach his/her

tradesetup.I have been using 

elliottwave for last 7 years 

and i have been rewarded well.

Learning elliottwave indeed 

gives a trader edge over others.

Regards

Rish 

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