>Star Wave analysis

Hi Friends,

                   Went through Star chart pattern looks interesting.Lets expand the chart,The stock has not performed much in the recent pharma rally.

The above chart shows the stock is in correction mode since start of 2016.We can see w and x is done and y is on the pattern is still in making though a good small long trade looks set.

As long as stock holds 830 a retest of 924 and even 990+ is possible .A good level to enter can be 860-855.Keep this stock on radar for long term reversal too.

>SBI chart

Hi friends ,

                     Looking at SBI chart,Anice impulse from 2016 lows completed near 310+ in aug 2017 let me put the chart to show that.

The impulse is a text book impulse following golden rules 3=1.6(1) and 5 almost equal to 1 .

After 5th up we are nearing end of a impulse in shoter timeframe let me put that chart too.

current situation 265 is strong support,As long as 260 holds the stock can do 290+ .Lets see how stock performs in coming time.

>Apollo hospital chart

Hi friends,

                   Apollo hospital has corrected sharp recently,Looking at the wave structure chart of apollo hospital we can see W and X followed by a impulse. Let me put the chart.

From the chart can figure that the stock is likely to find support in 1020-1000 range and bounce back towards 1150 levels .This impulse fall is likely to be a wave fall of Y leg correction ,Plan longs nearer to 1000 and look for good bounce.This is leader in hospital sector other stock in same sector is FORTIS healthcare which has given tuff time to traders and investors.

>DABUR the ayurvedic company

Hi friends,

                   Writing a post after a while .Weekend post is on dabur this stock has started to move up after lot of consolidation.In elliottwave terms it did wxyxz correction and started to move up et me post the chart .

We can see from the chart how dabur has corrected in a pattern.After the corrective pattern completion the stock started upward journey and started to consolidate near previous high.

Now this structure we can relate with classical tech analysis also this is quite similar to cup and handle pattern where cup is done handle underway.let me post that chart too.

The above chart shows the cup right now handle is under process in elliottwave terms we can say 1,ais done and 2,b is underway.Let me put a lower time frame chart to see the present situation of chart.

we can see a smallabc is done and now another abc is underway we could have a small trade building up here as long as 296 holds this stock can do 320,To complete c up Overall i think the stock should spend some time in 320-280 range before shooting up higher keep this stock on radar as an when nifty starts to correct we need a place to hide whats better than a FMCG stock :).