HINDALCO

A massive abcde up on monthly chart 

 spread over many years.

The stock is retracing after breaking out the rally was big so this can consolidate for a while before 

going further.lets take a closer look to the current correction.

A slanting channel correction is on probably the stock an oscilate between 190 to 240 for

quite some time breaking this range on either side we can draw the further pattern .Metals

are in limelight thanks to tradewar !!.

FEDBANK

Fedbank a nice 5 up and then wxy correction

nice move in channel correction soon reaching trendline resistance in range 95-98 

level to watch for further up move is above 98 only .If fails to cross expect this rally 

to be a X wave.Lets see how stocks trades in coming days.

MOTHERSON SUMI

What a stock ever since inception impulsive move.

I have tried to count waves.This looks the best possible wave structure 

for this stock as of now.

lets look a closer view to get a better view.

daily chart.

A good correction in parallel channel wxy correction is done .Point to ponder now
is correction over or not.The stock is still trading below trendline resistance.
This could be a X wave too,Above 340 the correction looks over and stock can continue upward
journey.Lets see how the stock reacts in coming days.

ICICI BANK

ICICI bank structure suggests an irregular correction.

expanded flat in making.

This can do 315-330 in a jiffy.Lets see how this performs.