>Escorts

Hi friends,

                     Escorts have interesting chart which is right now at important fibonacci levels.

Let me post the chart to get a clear picture .

The move from 2013 looks impulsive had a nice 2 year rally to make 1st wave and had correction to finish 2nd wave correction.From mid of 2015 3rd wave started we can see 5 waves clearly in 3rd wave .This 3rd wave move is satisfying 3=(1.61)1 ,Look for weakness in the stock in coming weeks 

Overall still no shorting pattern seen in it.Keep this stock on radar.

>PHARMA SECTOR

Hi friends,

                  We have seen Pharma companies have not performed good in last 2 years either they have fallen or have gone sideways .Lets look at the pharma sector index which includes .

Aurobindo Pharma Ltd.

Cadila Healthcare Ltd.

Cipla Ltd.

Divi's Laboratories Ltd.

Dr. Reddy's Laboratories Ltd.

Glaxosmithkline Pharmaceuticals Ltd.

Glenmark Pharmaceuticals Ltd.

Lupin Ltd.

Piramal Enterprises Ltd.

Sun Pharmaceutical Industries Ltd.

Barring one or two rest of all are near there 52 weeks low which shows how the index has been doing. let me post the index chart .

The index is moving in a downward channel for last 2 years and has not been able to break the resistance .Overall still the index is not giving any bullish signs I have been tracking LUPIN quite closely and have posted on it Lupin wave structure  .Lastly would say i think there is still some time before pharma gets back in shape and gets investors attention.

>Coal India target

Hi friends,

                   Coal india looks good to recover recent fall it witnessed from 330 levels.

The stock once trades above 300 can easily achive 330 levels .

The wave pattern of coalindia is given in above chart overall as long as 288 holds in the stock uptrend looks safe.

>Hinduniliver elliottwave structure

Hi friends,

                    A weekend post on waves beauty Hinduniliver,The chart has got so clear elliottwave counts,Lets unfold the waves ,Posting monthly log chart of Hinduniliver.

From the above chart we can see a big impulse move from year 2004.The sky blue shows the bigger impulse of which 123 is done and 4th wave is underway,The white one shows the big 3rd wave counts and finally yellow one shows 3rd of 3rd counts.In stock trading we need to find a tradable setup.Lets look at the pattern inside converging trendlines.

The above chart shows a triangle move in 4th wave right now in d wave and should fall back for e wave and finish off triangle and head for 5th wave rally which can make stock to rally 25-30% over a period of time the breakout would be above 955-60 levels track this stock though this may take some time good for learners to look out for the stock how it moves from here on.