>Ambuja cement

Hi friends,

                   Ambuja cement is an interesting pattern,Lets look at the chart to get a clear picture.

The chart is labeled with waves this correction of ABC looks to be a flat correction which suggests lot of upside still pending for the stock ,As long as 220 holds the stock can do 270,280 .ACC has got quite similar pattern like ambuja two different companies of same sector do watch ACC movement too As the charts are same movement should be similar too.

>MCDOWELL after MP liquor ban

Hi friends,

                    I tracked this stock for sometime now,I had posted about it Mcdowell waves and 

had mentioned about a bounce coming in it near 2100 we saw a bounce which took stock to 2200+ .

The stock was spending time near 2200 ,Thats when the supreme court ban on highway liquor shops came and the stock saw a deep cut ,Further the stock was trying to absorb the damage near the support of 2000 ,And today a big news came from MP  All Liquor Shops In Madhya Pradesh To Be Shut down In Phases, Says Chief Minister.The stock fell and broke support of 2000.Let me post the chart.

The stock looks fragile now lot of news flow has damaged the structure last big support near 1800-1780 .For now 2000 is a stiff resistance .I would get interested again in this stock above 2000 or near 1800.At times news play havoc.

>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.