>Apollo hospital chart

Hi friends,

                   Apollo hospital has corrected sharp recently,Looking at the wave structure chart of apollo hospital we can see W and X followed by a impulse. Let me put the chart.

From the chart can figure that the stock is likely to find support in 1020-1000 range and bounce back towards 1150 levels .This impulse fall is likely to be a wave fall of Y leg correction ,Plan longs nearer to 1000 and look for good bounce.This is leader in hospital sector other stock in same sector is FORTIS healthcare which has given tuff time to traders and investors.

>DABUR the ayurvedic company

Hi friends,

                   Writing a post after a while .Weekend post is on dabur this stock has started to move up after lot of consolidation.In elliottwave terms it did wxyxz correction and started to move up et me post the chart .

We can see from the chart how dabur has corrected in a pattern.After the corrective pattern completion the stock started upward journey and started to consolidate near previous high.

Now this structure we can relate with classical tech analysis also this is quite similar to cup and handle pattern where cup is done handle underway.let me post that chart too.

The above chart shows the cup right now handle is under process in elliottwave terms we can say 1,ais done and 2,b is underway.Let me put a lower time frame chart to see the present situation of chart.

we can see a smallabc is done and now another abc is underway we could have a small trade building up here as long as 296 holds this stock can do 320,To complete c up Overall i think the stock should spend some time in 320-280 range before shooting up higher keep this stock on radar as an when nifty starts to correct we need a place to hide whats better than a FMCG stock :).

>Pharma sector update.

Hi friends,

                   I am tracking pharma sector for sometime now, Had even posted about few pharma shares ,I had written about LUPIN and GLENMARK ,Both were bearish posts about the stock.The stocks did fell and completed much more than the anticipated targets.

The waves in individual stocks looks to be nearing end or have ended.Sunpharma ,Lupin, Glenmark and DRREDDY all looks set for a good rally in some time,Best way to play them would be to have a SIP in any pharma based fund.

For traders need to find trade setups which i am sure would pop up in a while ,All in all you cannot neglect pharma anymore thats what i mean by this post ,I could be a early bird 

Expecting pharma index to get back to weekly 200 dma again in coming time even in a bearish scenario.

>Engineers India Limited

Hi,

       Interesting pattern on Engineers india lets see how its moves ,150 strong support and 160-61 stiff resistance once above that the stock can scale to 170.