Reliance elliottwave analysis

Triangles galore ,We witnessing a triangle in nifty too.

Nifty elliottwave . 

Reliance has been consolidating for quite some time and 

range is getting contracted lets see the chart.

The chart is well labled ,Above 1130 -35 expect good rally in the stock ,Explosive move ahead 

as range is quite sequeezed .This being the super heavy weight no wonder even nifty is apeing the

pattern.

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.