ICICIPRU elliottwave analysis

The stock saw good consolidation and now it has started to 

come out of range lets see the wave analysis.

The structure suggests a good abc completion ,Also its trading above C wave trendline.

The chart suggests good support in range 300 and resistance in 360 range above 360 .

Sustaining above 360 big target towards 410-425+. 

Note :- Break of 300 would confirm C still underway..

nifty wave counts

Nifty has been squeezing for a while .

The range is getting squeezed ,A triangle is in formation.

Triangles usually form when sectors are moving in opposite direction.

Lets look at the chart.

We have done WX ,Now Y is on. In Y a is done and b triangle is underway.

Eepect some more grinding before going for c up of Y .

lower side support is in 10600 range and upside break is above 10950.

Tatasteel wave analysis

Tatasteel offlate a paradise for traders both side violent moves.

I think a good trade setup is emerging in Tatasteel according to wave principles.

Lets see the chart 

The above chart is self explanatory ,We are nearing the end of 5th of c probably.

Which coincides with good support of 500-490 range ,If this range is held expect a very 

good bunce in the stock ,More on this as the chart matures ,Most metals have same structure.

Yesbank wave structure

Yesbank has been in news for all wrong reasons.

The stock chart range got extended by big price moves

slowly the price expansion has started to squeeze in let 

me post chart scenarios we have.

This suggests a fall towards 180-170 levels and reverse up to make a lower top again below 230.A triangular squeeze on.

This suggests a fall towards 180-170 levels and reverse up to make a lower top again below 230.A triangular squeeze on.This further shows a posibility of breaking the lows of (168-164),We would see that when chart matures ,We would get hints.

If we go above 230 levels these counts get negated.

Gist:-  both scenarios suggest if a fall comes towards 180-170 it a good buy with lows sl.