>Dabur elliottwave counts

Hi friends,

                        The chart we would discuss today is DABUR ,The stock is under correction 

since july last year.We had a nice abc correction b being a triangle.

Further the stock revounded sharply in an X wave ,Followed by a time 

consuming abc correction.

So we had abcXabc correction till 260

Now the upmove has again started which can be a new wave or a X wave again,

How do we acertain the correction is finished or its gonna still continue.

Few things to look for,The stock is 

still in the parallel channel so till it remains in channel the correction can continue ,The channel resistance comes at 290-95.

So we see how the stock reacts near those levels to figure out the further move of the stock ,Track this stock would update further on the move.

>Astra microwave elliott wave counts

Hi Friends,

                    Astra microwave has been sideways for last 2 years now,Consolidating in a triangle.

In wave terms we can say its consolidating in a 4th wave triangle.

The triangle looks prominent as even volumes have dropped considerable giving hint of a triangle pattern.

The breakout from triangle is at 140 above that this can easily do 180 levels. For an investor its a buy for a trader buy after breakout.

This is a defense sector stock ,With make in india being the current flavour this can be a dark horse keep this on radar.

>Budget volatility

Hi friends,

                   Been long since i posted ,To start with a small caution going in to budget

the budget day has always given volatility.

Have done lil data crunching The last 7 years budget day nifty movement .

From the above chart we can see intra volatility which is seen onm budget day though the closing doesnot show much change ,So be careful when you try to trade on budget day.

>DAX Elliottwave counts

Hi friends,

                    With BREXIT round the corner everone is quite jittery about whats coming up.

What  britishers would vote for !!

Germany being the dominant economy of Eurozone lets see how its chart is placed.

The waves are so clear in DAX chart any one who is learning ELLIOTTWAVE  should try resolving this chart from high ,We have a combination of 5's and 3's .I have labled the chart ,We can see from the chart WX is done and Y is on .

A of Y is done and now the stock is in B of Y .

What we can say confidently from the chart.

1 After completion of B a fall is coming which should see levels lower than A of Y .

2 The move is still corrective.