HATHWAY CABLES Targetting 280

Hi friends,
                   In last one month midcap stocks have done wonders ,Many have moved 50%+
and few even have doubled ,This shows the extent of bull attack in midcaps.
I posted many stocks in midcaps and they really did good.
Today i am posting Hathway cables , one of the largest Cable TV services company of India ,  Established in 1995, Hathway provides quality Cable TV services in thirteen cities across the nation. With fiber optic backbone across its networks and state-of-the-art distribution set ups
Lets see the chart

 We can see the the stock was in
a range for more than a year
its trading inside a triangle
,I could figure out it has done
abcde where the e wave overshot
the lower trendline and it bounced
back and entered back in triangle
The stock looks set to touch 280
levels ,As long as this holds e low
ie 219 levels.


Investors can gain from this spurt towards 280 above 280 it confirms triangle breakout
and the target gets higher.Lets see how this stock performs.

ICICI BANK expiry view

Hi friends,
                   Looked at icici chart i see a couple of abc one after another
look at the following chart to understand what i meant.

We can see from the chart how
consecutive abc move is
unfolding in icici,This is usually
a time consuming move which
takes time with sudden moves
in between which confuses
trader ,Right now icici is
trading in c wave of abc
Let me put the chart
for the internal structure


of c wave to understand the c wave structure.

 My expectation is a small dip
and rise towards 1300+ and
then a drop towards 1280,1250
to finish wedge formation .
Lets see how icici moves
tomorrow overall the move
looks stretched so a dip would
be good for the upmove.




Regards
Rish
               

Nifty wave analysis

Hi friends,
                    In my last post nifty breaks 6700 ,I expected a retest of 6600 once 6700 was broken
But it reversed from 6665 and went on to make a new high again.
I have adjusted the count a bit to accommodate this rise from 6665.
Lets see the chart.

the chart is self explanatory
the yellow abc in which c
got truncated and after that
truncation we saw a big rally
which usually happens after
a truncation.The rally is
resolved into 12345 where
the 5th is going on accoding
to parallel channel the resistance
comes near 6850-80 levels


I was able to zero in on this count because midcap indices this was seen clearly but in Nifty it
was not clear ,Lets see how nifty performs tomorrow

How to Trade TCS after results

Hi friends,
                   TCS result was announced after market hours on Wednesday, 16 April 2014.
consolidated net profit rose 2.3% to Rs 5297 crore on 1.2% growth in revenue to Rs 21551
crore in Q4 March 2014 over Q3 December 2013.
Let us see the TCS chart to further see its movement after results.

Tcs from 14th jan top fell till
2013 20th march this move
finished as abc ,The relation
between a and c was a=c and
after that we saw a nice rally
and it did 2264 by 16th of april
now its at a important juncture.
Below 2200 the bearish scenario
takes center stage which suggests
a fall towards 2000 ,which means


the rally from 2013 low till 2264 finished an X wave .
A bullish alternative emerges above 2300 which would confirm abcde finished a leading diagonal
and now a small abc done above 2300 it can make a new high above what made on 14th jan.
So keep 2200 and 2300 on watch and plan accordingly.

Regards
Rish