Ramky infrastructure elliott wave analysis

I had written about this stock in jan Ramky infra elliott wave analysis.

Though the stock didnot perform the way it was expected that time.

The longer term wave structure remained intact.Lets see the present chart.

For the overall wave structure look the old post given the link above.

The white labeled wave is in progress expecting 300+ in this stock ,Long term iam expecting bigger targets in this as green colour wave is still under process ,Overall the structure looks bullish and one can hold on for bigger targets in coming months.The stock is still in ASM list so circuit limit is 5% also margin required is 100% so only genuine buyers :) mostly. Stock is clocking good delivery for quite some time.Keep an eye.

Tech mahindra elliott wave analysis

In my old post on CNXIT ,CNXIT ELLIOTT WAVE ANALYSIS.

I had told still steam left for upside ,Continuing the same lets see tech mah

This chart similar to cnxit the stock is in 5th up 3rd wave high was 752 .Any close above 752 stock can shoot towards 800.This is a good buy either above 752 or in dips .

For a dip buy 715-720 is a good level.

IGL elliott wave analysis

IGL looks good on chart it finished a parallel channel correction

broke above it and retraced.The wave analysis shows a good trade

setup lets see the chart.

In any dip the stock can be bought with stoploss of 270 ,If thats taken out the wave structure changes. Lets see how the chart behaves.

cnxit elliott wave analysis

IT stocks have been rallying for some time now .

They have a considerable share in nifty rally ,Top 10

heavyweights have 2 IT stocks TCS and INFY. These two 

among themselves hold almost ~13% in nifty.Look at nifty weightage here.

Lets look at the cnxit chart.

The monthly chart of CNXIT shows clear 5 up impulse with 5th up in progress.Most of IT stocks are similar to the chart shape of CNXIT.

Would analyse important IT stocks in further posts.Looking at parallel channel the logical resistance comes at 17000.

With usdinr hitting new highs CNXIT has still got good times .I would analyse individual stocks later for now bulls are very much alive and kicking in IT index. Enjoy the rally till it lasts :).