IT STOCKS

Dear friends,

Lets look at IT index waves,Almost all indexes this time fell along with nifty . After the initial fall the indexes have shown some good replacements lets look at the wave structure.

It made a wedge and fell almost all made wedge kind overlapping wave structures distribution before collapsing .Lets take a closer look at the correction .

This abcde overlapping upmove has potential to do minimum 13000+ and maximum 13450.

Thats where a good short trade setup would emerge i think ,Lets see how this moves in coming days .

Indusind Elliottwave analysis

The price has been squeezing in a range for some time 

Lets see the chart structure.

The chart is self explanatory,Upside minimum potential 1430,Above that it breaks out 

of this wedge ,Keep an eye on this stock.,

Nifty elliottwave analysis 26th aug

Nifty had a very volatile move since my last post.

Nifty elliottwave.

Lets see the currect structure.It did a abc fall ,The second option i discussed ,

But yes the c went and made a new low ,Making a elliottwave structure namely

expanded flat.

This pattern suggests higher levels for nifty ,Inbetween dips can come but ,This pattern suggests a 

retest of 11200 atleast .Lets see how the price behaves.

nifty elliottwave analysis 20th aug

Not much has changed from the last post.

NIFTY ELLIOTTWAVE. Lets see present picture.

The above could be a posibility which means we could witness this sdeways move for one or 2 

more trading sessions ,This count holds true as long as lower yellow trendline holds true.

Lets see what could happen if trendline breaks down.

This suggests another abc on and a fall towards 10900 or bit lower can come ,Tomorrow we could 

figure out what pattern plays out :).