Info Edge(Naukri) Trade setup

Hi friends,

                    Have been tracking Info edge (Naukri) for some time now ,This stock is trading in triangle and has been getting squeezed ,I like the pattern as long as the lower trendline 700 holds this 

stock can hit atleast 850 ,Above 850 its a triangle break and should do 1000.

Tommorrow being the result day for INFO EDGE lets see how it fares ,I think its all set to rally if no negative surprizes in result technically the stock looks nice.

>Nifty Elliottwave Analysis

Hi Readers,

                   A post after a very long gap,I would try to post inbetween .

The nifty has been correcting for almost a year now,At first there was an impression of this matching 

2011-2012 correction ,But slowly its showing its colours.

A chart has been attached to show the wave counts.

I think we are making an expandedflat in this x wave.We usually get a slow correction which goes beyond a year when diffrent sectors are not in sync.

The chart is self explanatory ,Expecting a rally towards those blue levels to finish off x wave 

A breach of 7500 would make me think we have made a bigger bottom else we are into downward channel only.

Hello Friends

Hi FRIENDS,

                       I as you have seen have not posted any analysis for about a week now ,I

have got busy with a new venture ,So i think i won't be able to post analysis,Or may be 

can post once in a while,Thanks for your support and appreciation:)Hope my Analysis

helped you .

Regards

Rish

Nifty correcting towards support

Hi friends,

                   Nifty after few days sideways move went below the sideways ranfe on friday

it tested 7550 and closed below that ,Lets see the present structure of nifty.

Let me put the latest chart.

Looking at the chart we can see

a=c ie 7550 range has been broken 

so idealy nifty would target 7500 

level now ,ie c=1.6(a) which coincides

with gap filling also ,It would be early

to say if correction would be over

at 7500 or it would stretch we would

see how nifty reacts there.

Regards

Rish