Tuesday, February 07, 2017

>HCLTECH Trade setup

Hi friends,
                  The following is hcltech hourly chart.
i am sharing a small portion of chart which shows a promising pattern this is to show how to come to a trade setup using elliottwave analysis.
From the chart we can count clear abcde up which is followed by a good time consuming abc till 780.From 780 we had a sharp rally till 835 levels and after that the stock is consolidating .
Trade setup here would be to buy this stock in dips till 780 is saved target would be around 870-880 levels,Track this stock in coming days to see how this moves .

Monday, February 06, 2017

>LUPIN update

Hi friends,
                   Today lupin intraday had a big rise of 5% and made a intraday high of 1573.6.
As i discussed in the old post LUPIN ELLIOTTWAVE ANALYSIS the stock didnot go above 
1580-86 so i would still stick with the view i had posted earlier.Lets see how it performs this week.

Sunday, February 05, 2017

>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.

Thursday, February 02, 2017

>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.