Escorts elliottwave analysis

Lets look at wave structure of escorts.

Lets have larger time frame first.

Larger time frame shows 123 is finished and 4th is on.Lets see the lower time frame to see 4th unfolding wave structure.

The above chart gives hint of  WXY unfolding its trading in a parallel channel. WX is finished Y is unfolding with a already done and b underway .b is usually notorious plays around for some time before giving up not to forget it catched lot of traders on wrong foot .Look for shorting opportunity in coming days in this in rallies.This wave structure fails if stock crosses above parallel channel.

mindtree elliottwave analysis

Friends,

               Lets look at wave structure of mind tree ,First always look at bigger time frame to figure out bigger wave and later check on smaller time frame to figure out entry exit in case a trading or investing opportunity arises looking at larger time frame.

The monthly wave counts show clear 5 up. According to this study this stock would underperform for quite some time ,This validates what we saw in IT INDEX ELLIOTTWAVE ANALYSIS .

Lets check now smaller time frame .

From 5th high we can count abc followed by X wave and again a down fall probable WXY pattern unfolding .A rectracement rise would be a welcome move for berars to hit for lower levels next few 

days move can give good entery point lets see how the stock behaves in next week.

 

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.,