>DIVIS LAB elliottwave counts

Hi Friends,

                    Divis lab looks to have finished a wxy correction on daily chart ,

We can look from the chart how beautifully multiple abc's are nested together to form the pattern.

Now the present move also looks like as abc is ending and a move towards 1100 is due,As long as

1000 is held .

A wave trader always anticipates the move ,lets see how the chart pattern works in coming

days .Overall the pharma sector as a whole has not done good in may month ,Lets see whats in store

for JUNE month.

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