Nifty50 stock movement since JAN highs

Dear friends,

                       Since jan highs stocks saw a steep fall going into march ,And started to recover.

Now we are in july and few stocks have already crossed jan highs ,Most prominently RELIANCE 

has crossed jan highs and have gone up by more than 20% above jan highs ,Which shows the out performance of nifty compared to other indexes ,As reliance holds 12.46% weightage.

Nifty is just ~9% down from its jan highs now ,Which was 39.6% down in march fall and had touched a low of 7511.

JBM Auto Elliottwave analysis

JBM Auto ,The stock touted to be main contender in India's electric vehicle push.

Lets see how the chart shows wave structure.

The stock shows a solid 5 up on monthly followed by 2.5 yr long correction ,Still under slanting trendline.

The correction is still on in this,Though a good stock for electric theme lovers in dips.Keep eye on this once the abc of this impulse is done this could be a multi bagger.  

BankofBaroda elliottwave counts

Lets see the elliottwave counts for BOB from the lows.

From lows it has finished a impulse and has done a abc correction.Now as log as 46.80 holds a good upside is possible .Lets see how this performs.

Escorts elliottwave counts

The monthly elliottwave count for escort follows.

The chart is self explanatory.

The stock is doing good and has scaled alltime high .Its the flavour of the season with agri related sectors doing great .On monthly its in 5th wave.