Symphony systems wave analysis

Symphony systems a good 5 wave up move.

looks like good times done for the stock we have a impulse down from 5th top too.

look to come out from this in rallies look like we are in for a long consolidation or correction in this.

Learn more about waves here ELLIOTTWAVE .

>RAMKY Infrasructure chart

Hi friends,

                  The chart looks good wave extention happening.Below is weekly chart showing clear waves.

Bigger degree of wave 1 is done followed by wave 2 and now bigger degree of wave 3 in progress .In daily chart can expand the bigger degree wave 3 into parts.The below chart is daily time frame.

From chart can see bigger degree wave 3 unfolding green colour counts bigger degree .

The white count suggests 123 of bigger 3 is done and now 4th wave is on which is expected to finish soon wave 2 was a deeper correction so wave 4th is expected to be shallow 1.

Track this stock seems good swing near 200-195  or above 225 . Expectation of 300 + .

>Pharma Index update

Hi friends,

                     Lat time when i had posted on pharma we got a good 1000 points rally .

Can see last update PHARMA INDEX .Now the index is hovering near breakout from the channel

Above 10000 on pharma index individual stocks in pharma space can give very good return .To name few Cadila,Star ,Glenmark and Cipla.

Reliance Communication Bottom in?

Hi friends,

                  Went through R COM chart looks interesting ,Monthly chart hints a important bottom in place lets look at the chart.

The trendline touching important lows maintained even in deep dump gives confidence about levels.

Grinding deep in chart looking at daily time frame the fall E wave shows a good 5 wave down with 5th extension.The bad debt and failed deals were responsible for extended fall. more over a very important support of 46 got breached though the price tried to hug that level for quite sometime .

Let me put daily time frame chart for  clear waves  .

Look at the above chart so clear waves with extension in 5th wave .Stock made a panic low near 10 and has recovered handsomely after that ,First sign of reversal in this stock is a close above 18. Above 46 longterm reversal for stock . Overall stock looks good for longs in dips.