HDFC ABC Continues

Hi friends,

                 Let me show tonight how a stock pattern is formed slowly ,The only reason 

a trader misses a pattern is the time consuming nature of pattern formation.

This HDFC chart we can 

see how continuous abc 

formation is seen this is

third abc (zigzag ) in it

still early in the pattern but

if a=c then a fall till 870-865

can be seen after which the stock

should reverse ,Track this stock

its one of the super heavy weight

in nifty ,Lets see how this moves in coming sessions .

Regards

Rish 

Nifty wave counts 28th may

Hi friends,

                Nifty continue to move above 7200 keeping both counts alive :).

with expiry approaching fast a decisive move is on for sure .

Lets see the chart structure.

A squeeze kinf od structure is forming

near 7300 levels ,Lets see if nifty continues to be in the same range or

tries to break that range.Once the range breaks i would post the further

structure because as of now 2 counts 

are active once it confirms 1 count i would go further with the same count

and post its further move so keep eye on 7200 as long as that holds Nifty looks fine ,

Below 7200 we get new lower levels.

Regards

Rish 

Nifty wave counts 27th may

Hi friends,

                  In my last post Nifty i mentioned about B up and a rise coming towards 7350+

Looks like the c wave stretched and we hit 7500+ and fell brutally in a fast move.

Lets look at the chart.

This count says we 

finished B at 7500+ and

have started C down for 

a target of 7070.

This count is bearish and nifty 

can target 7070 if a=c and can

stretch if it goes below that.

Another count i have in mind if we hold 7200 which would be bullish abcde count

as shown in picture below.

This count suggests of we hold

7200 we can have this move 

coming up.Lets see how

nifty moves today

this being expiry week 

move can be volatile 

keep an eye on levels

to see what move 

emerges.

Regards

Rish 

Indiabull real estate breaks out

Hi friends,

                 Indiabull realestate comes out of down channel its showing exciting trend ahead lets

see the long term picture. The stock has corrected 850 levels to a low of 40 in 4 years.

 From the top the structure

looks to have made 

abcde and it has broken

out from that channel and

suggests a new upmove after 

finishing abcde ,This stock 

is buy in dips ,It can retrace back to 

test breakout support or near

that buy in steps ,Target would 

be about 200 rs in a year time max ,Keep this stock on radar .

Regards

Rish