2023-04-23 14:09
Lets look at SBI wave structure ,The preferred count follows.From highs looks to have completed a impulse down,5th finished with a double bottom,Which makes me think to have a alternate coun… Read More
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Trading strategies,Technical analysis,ELLIOTT wave and Investments
2023-04-22 15:07
A post after quite sometime.ICICI bank came up with results today,Seems to be a good set of numbers.The very short term chart shows abcde done and stocks looks set for good move on monday ab… Read More
2022-12-25 15:48
Dear friends, Nifty made a top on 1st dec wheras midcap index made top on 15th dec .Nifty fell 5.9% high low… Read More
2022-12-22 14:23
Nifty fall from 18887 structure.The fall looks corrective and probably nearing end of wxy.A meaningful bounce is in offing.Fresh short are not advised at these levels Read More
2022-12-18 15:02
Capacite has made a nice trade setup. A 4th wave low is in for a 5th wave rally .We have a inverse head and shoulder pattern forming too with right shoulder in formation.The stock has potent… Read More
2022-12-15 11:13
Hi friends, A post after a very long time ,PSU banks are on a tear 3rd wave at play lets look at few charts,To figure out the mo… Read More
2020-10-15 10:48
Hi friends, Lets see how nifty has performed under different prime ministers of India.The data is taken from PV NARSHIMHA RAO's… Read More
2020-09-23 11:16
Taking further from last post Nifty and dow futures .We can see dowfut had already broken previous low whereas nifty was still trading above last low ,In last 2 trading days nifty too breach… Read More
2020-09-21 11:33
Hi friends, Dowfutures and nifty are in fractal move quite similar move.lets see the two charts.The above chart is nifty… Read More
2020-07-27 10:30
Hi friends, Lets look at the kotak bank move from march lows.From the above chart we can see WX is done and Y is on ,Right… Read More
2020-07-23 07:21
Friends, Midcap index was anyhow underperforming Nifty ,Nifty made a all time high in jan 2020 Whereas midcap index was still -15.3% do… Read More
2020-07-23 05:50
Dear friends, Since jan highs stocks saw a steep fall going into march ,And started to recover.Now we are in… Read More
2020-07-19 15:05
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 c… Read More
2020-07-19 10:31
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… Read More
2020-07-19 10:22
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 do… Read More
2020-07-09 07:14
Nifty 50 stocks fall from 52 week high the LTP taken is 9th july price during market hours Read More
2020-07-08 08:50
Metal sector rally from 24th march lows!! Read More
2020-07-08 08:26
How FMCG sector has performed since march lows!! Read More
2020-05-02 13:36
As we all know nifty is a index which contains 50 stocks.These stocks carry their weight in nifty .These stocks are from different sectors ,Many are from same sector.Lets segregate them acco… Read More
2020-05-02 12:41
In my last post ,Had discussed about a triangle unfolding in infy.INFY ELLIOTTWAVE ANALYSIS.Lets see the present scenario.From the last post after abc a triangle finished in d and now probab… Read More
2020-04-26 06:14
Lets look at axis bank wave structure.The bigger timeframe Lets look at the structure of rise from the lows. This looks interesting ,Structure looks quite clear and is well l… Read More
2020-04-19 08:05
Taking further from old post IT stocks.Lets see TCS structure.The TCS waves showing lot of abcs ,Here the ideal count i have labled ,As long as a high above the dotted yellow line is no… Read More
2020-04-19 07:59
Taking further from old post on IT stocks .Lets see structure of INFY.The present structure shows multiple counts .We had an abc finished near 680 levels and from therewe could be trading in… Read More
2020-04-14 06:46
The escorts pattern is opening up.Look at the old post Escorts elliottwave .Lets see the present structure.B wave probably unfolding into wxy ,y wave unfolding which has potential to do 750… Read More
2020-04-11 13:25
Lets look at wave structure of escorts.Lets have larger time frame first.Larger time frame shows 123 is finished and 4th is on.Lets see the lower time frame to see 4th unfolding wave structu… Read More
2020-04-10 12:00
Friends, Lets look at wave structure of mind tree ,First always look at bigger time frame to figure out bigger wave and later check on s… Read More
2020-04-09 13:21
Dear friends,Lets look at IT index waves,Almost all indexes this time fell along with nifty . After the initial fall the indexes have shown some good replacements lets look at the wave struc… Read More
2019-08-26 12:10
Nifty had a very volatile move since my last post.Nifty elliottwave.Lets see the currect structure.It did a abc fall ,The second option i discussed ,But yes the c went and made a new low ,Ma… Read More
2019-08-20 12:00
Not much has changed from the last post.NIFTY ELLIOTTWAVE. Lets see present picture.The above could be a posibility which means we could witness this sdeways move for one or 2 more trad… Read More
2019-08-12 07:13
Dear friends, HDFC Bank is a super heavyweight in nifty ,Lets see its wave structure.The stock made a important lo… Read More
2019-07-01 08:45
This bank struggled among other private banks in rally.Ofcouse reason being expousure to stressed assets. The stock has been in range for some time .Lets see its chart.The above chart shows… Read More
2019-07-01 06:03
Midcap index has underperformed for 2 years now, Many midcaps have become small caps.The chart of midcap index is squeezing.Is it getting ready for big move ?Lets check up.The above chart su… Read More
2019-05-18 08:10
Friends with election results nearing the stock market activity has increased.Lets see what chart structure shows.Nifty The nifty from top is still a impulse down possibility on as long… Read More
2019-04-08 08:07
The move is maturing ,Had posted counts here Nifty chart.Lets see the current picture.After 5 down we had a abc up which retraced near about 78.6% of the fall.Now the C down is on whic… Read More
2019-04-05 05:18
Nifty looks to have completed a small impulse on upside.Lets see the chart.From the top of 11761 ,I can see an impulse down too in small tf .Lets see that chart too.So looking for a sideways… Read More
2019-04-03 12:14
Metals have been rising ,Still bit away from channel resistance .Lets see the chart.Still away from channel resistance if any correction would be bought into the resistance comes in 565… Read More
2019-04-03 11:34
HDFCBANK is super heavy weight in banknifty index ,Mostly this stock movegets replicated in index.Lets see its wave structure.The stock looks to be in 3rd wave of the move started from sub 1… Read More
2019-02-26 12:26
In my last post Banknifty elliottwave count a wedge breakdownhad happened .Lets see the current picture.The above chart is self explanatory,This count negates above 27500.Overall bankni… Read More
2019-02-13 11:45
Edelwiess stock has corrected more than 50% within a year.Lets see the stock chart.This is weekly chart,We have a impulse from top,Which is almost completed ,I am looking for a strong b… Read More
2019-02-07 12:10
Royal enfield promotor Eicher motor saw sales drop in dec qtr ,I dnt remember last when they witnessed drop in sales.Lets see the stock chart.The waves are well labled ,As long as 26200… Read More
2019-02-02 05:47
Reliance infra ,This stock had been in news for Rafale deal.Lot of price damage this stock has seen after congress allegations.Lets see its stock chart.The stock has been in correction since… Read More
2019-01-30 08:24
ITC has been falling after giving q3 results.Lets see the chart.The chart shows the fall can mature below 265 and can go towards 230-220.The breach of green trendline opens up way down towar… Read More
2019-01-25 11:21
Nifty is range bound with lot of whipsaws In my last post nifty elliottwave we did see a good triangle consolidation and a break above itand now again whipsawing above breakout lin… Read More
2019-01-21 10:16
Midcap index is not in sync with Nifty ,Nifty is still able to rally a bit but midcap index is sideways to down .Lets look at its waves.This holds true as long as midcap index holds 172… Read More
2019-01-20 09:25
Axis bank was the laggard in private sector banks,Offlate this stock has been in bulls list and has seen break from 4 year consolidation triangle.lets look at its chart ,Monthly chartTh… Read More
2019-01-19 12:11
Housing finance companies saw big dumps and they went in consolidation after the dump. DHFL ,INDIABULL HOUSING to name few ,Both look to have fallen in impulse .Ibulhousing 880+ is… Read More
2019-01-18 11:27
This stock has been whipshawing for quite some timelets see the internal waves to figure out what the stock is up to.The above chart clearly shows the stock is in timeconsuming triangle… Read More
2019-01-17 11:55
The stock gave a good spurt last few days ,I had told about 360+ in my last post icicipru elliottwave analysis. The reached 360+ the congestion rangeand is consolidating.Now further mov… Read More
2019-01-14 11:44
The nifty grind is still on with range is still getting squeezed,In last post nifty elliottwave counts,Had anticipated d and e wave of triangle the expected up down move has come.L… Read More
2019-01-10 11:55
Triangles galore ,We witnessing a triangle in nifty too.Nifty elliottwave . Reliance has been consolidating for quite some time and range is getting contracted lets see the chart.T… Read More
2019-01-09 05:47
The stock saw good consolidation and now it has started to come out of range lets see the wave analysis.The structure suggests a good abc completion ,Also its trading above C wave trend… Read More
2019-01-08 11:51
Nifty has been squeezing for a while .The range is getting squeezed ,A triangle is in formation.Triangles usually form when sectors are moving in opposite direction.Lets look at the chart.We… Read More
2018-12-05 10:34
Tatasteel offlate a paradise for traders both side violent moves.I think a good trade setup is emerging in Tatasteel according to wave principles.Lets see the chart The above chart is s… Read More
2018-11-21 12:03
Yesbank has been in news for all wrong reasons.The stock chart range got extended by big price movesslowly the price expansion has started to squeeze in let me post chart scenarios we h… Read More
2018-11-13 10:28
Interesting chart pattern icici prudential.Lets look at the chart.The chart is well labled ,As long as 340 holds the stock has potential to hit 380-85.Lets see how stock performs Read More
2018-11-05 12:42
PSU banks have been in downward channel for almost 8-9 years now.We have witnessed many intermittent rallies inbetween followed by prolonged selling.These stocks now looks nearing bottom or… Read More
2018-10-11 11:50
Offlate the darling of bullsIbventure has been in continuous lower circuits.Lets look at its wave pattern .The stock has risen nonstopfrom 20 levels.The stock looks to have completed a big 3… Read More
2018-09-19 12:26
Nifty volatility has increased in sept month ,I had posted nifty wave count . Its turning out to be abcde .Lets see the current situation.Cluster of support in range 11180-70,Also… Read More
2018-09-13 16:08
I had written about this stock a month back ,Look atthe old post Motherson sumi elliott wave analysis.The wave turned out to be a X wave as was discussed in old post.We can see from the char… Read More
2018-09-10 15:19
Nifty at crossroad which way its gonna tilt,Lets see possibilities we have.We have 2 possibilities here first one a impulse down from top happening and we finished 4th at todays top.This is… Read More
2018-09-09 12:30
I was excited to see electric vehicle with Maruti suzuki logo on it in global mobility summit ,A company needs to be with future technology,Maruti has come of ages which is seen by the… Read More
2018-09-07 09:40
HDFC has corrected from 2050+ to 1880.Lets see the chart pattern how the waves are unfolding.Lot of abc's in hdfc .The structure suggests a move towards 1960+ atleast as long as 1905 holds,L… Read More
2018-09-06 11:38
Aviation sector got badly beaten in in last 3 months.I had written about Jetairways elliott wave analysis.The stock has fallen alot.Lets check the other stock from the sectorIndigo.The stock… Read More
2018-09-05 11:18
Hdfc bank has been falling for quite some time now .Last time i wrote about hdfc bank elliott wave analysis. It rallied but fell short of target.Lets see the wave structure now.Th… Read More
2018-09-02 11:17
This pharma stocks has got good wave structure.Lets see monthly wave structure,The stock witnessed stretched 3rd wave lets see the chart.From monthly chart we can count clear 1234 on pr… Read More
2018-08-31 15:25
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… Read More
2018-08-30 16:47
In my old post on CNXIT ,CNXIT ELLIOTT WAVE ANALYSIS.I had told still steam left for upside ,Continuing the same lets see tech mahThis chart similar to cnxit the stock is in 5th up 3rd wave… Read More
2018-08-29 16:35
IGL looks good on chart it finished a parallel channel correctionbroke above it and retraced.The wave analysis shows a good tradesetup lets see the chart.In any dip the stock can be bought w… Read More
2018-08-28 16:11
IT stocks have been rallying for some time now .They have a considerable share in nifty rally ,Top 10heavyweights have 2 IT stocks TCS and INFY. These two among themselves hold almost ~… Read More
2018-08-27 09:30
A popular notion among traders FIIs drive Indian markets.Is it true? Year 2007-2009 this correlation was quite correct.Offlate this is not happening .Year 2018 till aug 27th nifty has… Read More
2018-08-26 05:40
I had written about glenmark when the deep correction was on.Glenmark elliottwave analysis in this post i had projected targets fordownmove bottom.i was of the opinion the bottom could be in… Read More
2018-08-23 12:48
Of late social media is discussing overtime why nifty not falling.Ofcouse chartist would say still resistance not reached ,Though afundamental guy would day PE is above 28 still market holdi… Read More
2018-08-20 12:43
I had posted about fedbank in old post.Federal bank wave analysis ,Lets see present scenario.The stock trading in X wave ,Got a good dump today ,Its most probably due to more business i… Read More
2018-08-19 13:45
The metal index is continuing its upward journey in my last post Metal index elliottwave analysis The price has still got distance to travel. The index can target 3600 in any… Read More
2018-08-19 06:33
Midcap index has not performed well this year.Nifty has crossed all time high multiple times but midcap index has not even touched previouhighs yet.Midcap index has grossly underperform… Read More
2018-08-17 11:36
PSUBANKS have been correcting ever since 2011.Deep corrections and inbetween fast retraces .This is weekly chart which shows price movement in slanting channel.On larger degree WXY correctio… Read More
2018-08-16 15:44
Axis bank consolidated in a triangle for more than three and half years .The stock tried breakout ,This a close above 641 would confirm break from triangle.laggard private banks ar… Read More
2018-08-14 12:07
Have made few long term charts.TATA STEEL.The stock consolidated for 4+ years in triangle and broke out and now retracing from highs.VEDLVEDL did 5 up on monthly chart and then did abc… Read More
2018-08-12 05:38
Maruti did a small degree 5up recently.Lets look at the chart.From the chart we can see a nice 5 up followed by a correction the correctionis reaching near support levels. This most likely c… Read More
2018-08-10 05:01
coalindia a good channeled move is on.A abc correction followed by X happened. The stock looks to be heading towards 250 in c of Y .This count invalidates if trades above 289.Lets see h… Read More
2018-08-09 10:02
Many had asked long term nifty elliottwave count.I have resolved nifty move in wave count.The count is on monthly chart.The above chart shows the waves ,We had a clear 5 wave up in 1st wave… Read More
2018-08-06 11:27
I had posted about ICICIBANK ,With expectation of rise towards 315,320.The rally has come still got potential to go more .Lets look at the bigger picture.Finally a bearish count lets se… Read More
2018-08-05 11:15
I had posted about jetairways in june this is in dump for quite some time and things are still not looking promising for this.The stock has already fallen to 300 ,Still scope for d… Read More
2018-08-03 06:55
BEAUTY of chart i had posted this on june 20th.The price hovered for some time near yellow dotted line and it has indeed come to touch green line and bounced back . posting the new char… Read More
2018-08-02 14:05
HDFC BANK trading at crucial pointlets look at the chart.This is hourly chart we have finished a wxy correction or about to finish. 2110 is very good supportif this is held expect good bounc… Read More
2018-08-01 13:57
A massive abcde up on monthly chart spread over many years.The stock is retracing after breaking out the rally was big so this can consolidate for a while before going furthe… Read More
2018-07-31 12:51
Fedbank a nice 5 up and then wxy correctionnice move in channel correction soon reaching trendline resistance in range 95-98 level to watch for further up move is above 98 only .If fail… Read More
2018-07-30 12:04
What a stock ever since inception impulsive move.I have tried to count waves.This looks the best possible wave structure for this stock as of now.lets look a closer view to get a better… Read More
2018-07-29 13:43
ICICI bank structure suggests an irregular correction.expanded flat in making.This can do 315-330 in a jiffy.Lets see how this performs Read More
2018-07-29 07:48
Symphony systems a good 5 wave up move.looks like good times done for the stock we have a impulse down from 5th top too.look to come out from this in rallies look like we are in for a long c… Read More
2018-01-30 14:05
Hi friends, The chart looks good wave extention happening.Below is weekly chart showing clear waves.Bigger degree of wave 1 is d… Read More
2018-01-17 06:05
Hi friends, Lat time when i had posted on pharma we got a good 1000 points rally .Can see last update PHARMA INDEX… Read More
2017-12-20 14:08
Hi friends, Went through R COM chart looks interesting ,Monthly chart hints a important bottom in place lets look at the chart.T… Read More
2017-10-21 07:42
Hi Friends, Went through Star chart pattern looks interesting.Lets expand the chart,The stock has not performed much in th… Read More
2017-09-20 04:15
Hi friends , Looking at SBI chart,Anice impulse from 2016 lows completed near 310+ in aug 2017 let me put the chart… Read More
2017-09-19 14:55
Hi friends, Apollo hospital has corrected sharply recently,Looking at the wave structure chart of apollo hospital we can s… Read More
2017-09-10 12:34
Hi friends, Writing a post after a while .Weekend post is on dabur this stock has started to move up after lot of consolid… Read More
2017-08-14 19:24
Hi friends, I am tracking pharma sector for sometime now, Had even posted about few pharma shares ,I had written about LUP… Read More
2017-07-02 16:36
Hi, Interesting pattern on Engineers india lets see how its moves ,150 strong support and 160-61 stiff resistance once above that the stock can scale to 170 Read More
2017-06-28 11:59
Hi friends, IT has been in correction and still no uptrending patterns have emerged in it ,OFSS is one such chart w… Read More
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