Housing finance companies

Housing finance companies saw big dumps and 

they went in consolidation after the dump. DHFL ,INDIABULL HOUSING

 to name few ,Both look to have fallen in impulse .

Ibulhousing 880+ is stiff resistance for now ,Need more time for a trading setup as pattern is 

still on.

DHFL too saw a deep cut in september this was the first housing finance company to fall

big time ,Still this is not able to recover much after the dump above 250 only the stock would

show strength.

Would be interesting to see this qtr results of housing finance companies..

Techmahindra elliottwave analysis

This stock has been whipshawing for quite some time

lets see the internal waves to figure out what the stock 

is up to.

The above chart clearly shows the stock is in timeconsuming triangle which has a breakout above 735

and breakdown below 670.Wave says some more time in traingle before its ripe to break it. Track the stock for good move after finishing triangle keep levels handy.

ICICIPRU update

The stock gave a good spurt last few days ,I had told about 360+ 

in my last post icicipru elliottwave analysis. The reached 360+ the congestion range

and is consolidating.

Now further move up comes above 364 ,Which take stock up further towards 380,400.

Support for now comes at 332+ ,A good impulse looks to be building up from the C low.

Nifty elliottwave analysis

The nifty grind is still on with range is still getting squeezed,

In last post nifty elliottwave counts,Had anticipated d and e wave 

of triangle the expected up down move has come.Lets see the present 

chart.

Above 10880 the triangle breakout comes and below 10600 triangle breakdown.Reliance the 

heavy weight of nifty is also moving in triangle Reliance elliottwave analysis.The expectation 

is of upside break to complete the c wave rally of Y .Lets see how waves unfold .