>PNB Gilts target

Hi friends,

                   Timing in stock picking matters alot ,pnbgilts kept oscilating in a triangle for 8 years.

Must would have frustrated someone who entered in 2008.

This perfect example which shows pattern in bigger timeframe ie monthly.

Look at the clear 5 waves in a triangle abcde .

The stock broke out after 8 years of consolidation and is set to reach triple digit in coming time catch this stock in dips if you get one :).

This breakout is backed by huge volumes which gives more confidence about the follow though .

Track this stock and try catching if you get a good dip in this.

>Banknifty elliottwave

Hi Friends,

                     Today banknifty tried to break the trendline resistance,The below chart shows the trendline.

Lets see how it behaves in coming days 

as the resistance is hit.Ideally this resistance should be taken out in coming days ,Lets see how the price behaves which would give further clues about future movement.

>MARUTI elliott wave counts

Hi Friends,

                   Maruti the relentless BULL,This is moving one wave since 2012.

A 2 year consolidation correction (2010-2012),Since then its one way no correction more than 6 months.The stock has gone almost 6 times in over 5 years.

The above chart is weekly chart the waves look so clear in it. We have a clear impulsive move lets break it down,We had a leading diagonal in wave 1 and then a multiyear 3rd wave .

Presently 5th wave is on which is last wave up before abc correction unfolds.

Posting another chart Maruti daily to have a closer look at 5th wave.

From the above chart look at the trendline drawn to look for the end of the trend .Once this trendline breaches the move is over for quite some time.Many investors who have bought for long term in this range should be careful at these levels if the trendline breaks down .Keep eye on this trendline would touch on this again in coming weeks.

>LUPIN Elliott wave counts

Hi Friends,

                    Pharma had been a darling of investors ,But off late most of pharma have broken their

long term trendlines or rather say many have broken their supports .

Today i am discussing a pharma major LUPIN which has been in a time consuming correction for over an year now.

Lets try to open up the chart and lable the waves.From 2100+ to a low of 1280 abc was done .From 1280 to 1750 again abc was done we can lable it as X wave.

From 1750 till now we have done a wave followed by a time consuming  triangle in b wave which is still on .

which suggests a fall towards 1300 can come in c wave ,The move after triangle follows the move which was before the triangle.

On the other side ,A move abpve 1580 -86 would negate this count.Lets see over the coming weeks how the stock moves.