singh17vivek
EssentialLTF CMP 202.6 Elliott - the impulse wave is done. Fib - the 5th wave has halted at 1.618 zone. Conclusion - the iv wave is around the 128 zone. This is where corrections end. Hence 128 is the minimum correction. Book ur profits here.
Syngene CMP - 666.60 Elliott - the current rally is the C wave of X. Hence this rally will be fast. this is an expanded flat corrective pattern and should break the end of a at 756 but in real world the c waves of expanded flat patterns are failures and they terminate at a. Fibs - Fib retracement at 766 has a confluence at 756/766. Hence to me this rally...
Grasim CMP 2762 Elliott - Here the 5th wave could not go past the 3rd wave and that's extremely negative. In common parlance its a double top. Double Top - Its a directional signal and should be acted upon. The mid point of the same is at 2265. Fibs - Once the mid point at 2265 is broken we should see both the zones at 2077 and 1889. Oscillators - both...
HUDCO CMP 230.71 Elliott - This is zig zag corrective pattern. The b wave is over. Since B wave of a zig zag nearly retraces most of the fall, but here it has halted mid way it is telling me the weakness is pronounced. The C wave should come down minimum to 113. Fibs - the rally has halted at 50% of the fall indicating weakness. Trendline - break of the...
MCX CMP 8048 Elliott - the v the wave of this swing is bigger than the third wave. This is the indication of a dramatic fall. Candlestick pattern - the Evening Doji Star is a reversal pattern. Since this pattern is on the weekly charts the intermediate trend is down. Fibs - The v th wave has halted at Fib ext. Trendline - break of the trendline will...
Nifty Metal Index CMP 9383 Elliott - when the 5th wave is bigger than the 3rd wave, expect a dramatic fall . Here the rally is over and a new set of three wave fall will begin. Oscillators - both the oscillators are below their MA cross. This is a sign of danger Fibs - the minimum tgt is back to the lows of the swing at 7800. Trendline - since the...
DLF CMP 842.90 T1- 889 T2- 930 Elliott - the 5th wave of the impulse has started. The minimum tgt for the same is 930. This is a good 10% from the CMP. Fibs - the correction has halted at fib confluence, hence it is at a good support. Composite - the oscillator has given a positive divergence. This is positive. Conclusion - the stop has to be below 820....
HCL Tech CMP 1726 Fib ext - the fib ext nailed both the 3tr wave and the top of 5th wave. Thats the beauty of fib ext if the points are taken correctly. Elliott - the B wave rally is over and now the C wave downfall will begin. The minimum tgt for C wave is swing lows at 1300. Oscillators - both the oscillators are under their averages. This is a sign of...
HUL CMP 2339 This stock is likely to rally to 2505 and 2580.Trendline support as well as previous bull support means a rally is very likely.
PFC CMP 413 Fibs - the rally has halted at the role reversal zone . Its also a fib confluence zone and hence a strong resistance. Triangle- the rally is an ascending triangle and is complete in my view. Trendline- We know imp moves start from the trendline. The consolidation has halted at the trendline. MA- the three MA's are together hence we know an imp...
Wockhardt CMP 1725 Elliott - the 5th and the last impulse is over and now a three wave correction will start from here. The correction tgts the vicinity of the 4th wave of one lesser degree. The same has been marked with a small box on the right chart. Thats 1100 to 900. Fibs- The fib ext has confluence at 1500 from where the 4th wave correction started. The...
HDFC Bank CMP 1989 Fibs - on the left the box has been made from the fib confluence which ended 2011. On the right is fib ext whose 1.5 is at 2009. Both made from diff zones but the result is the same. Conclusion - Since composite has made a negative divergence on the monthly charts, expect a decent correction in this counter. In my view 1765 is the minimum...
Power Grid CMP 294 Previous lows - on the rally the previous lows are the most imp resistance zone. If the bulls cant take it above it then its an immediate sell. Here the bulls were successful in doing so, but only temporarily. See those wicks marked on the candles above 303, its a sign of failure. The bears are again in charge. Fibs - the zone at 303 is...
Nifty n BNF Nifty CMP 26460 Fib Ext - the Index is just shy away from its all time high. The 24750 remains an imp support for the Index. The Index is at 1.5 fib resistance. Hence above 25460 we will see the highs again. On the contrary below this zone we will see 24750. In my view this zone is the most crucial support and break below this zone will bring in...
Chennai Petro CMP 700.7 Elliott - the three wave correction has started in this counter of which A is complete. Now the B wave rally is underway. Since the A wave can be subdivided into 5 waves I know this correction is a zig zag. Now the B wave rally can go to 700 and then to the start of the wave iii at 936. Fibs - On the left chart I have drawn Fib on...
Bank of Baroda CMP 244 Elliott - I have marked the strongest move on the charts. In Elliott wave this is the iii of 3. This is of tremendous value as the fib extension is supposed to be drawn from here. U can check that. The stock halted at 1.618 fib ext. RSI - the oscillator has reached the bear zone, with the correction still not over this set up is...
Wipro CMP - 264.55 Elliott - The rally is the 2nd wave of C and is done. Now the 3rd wave of C will start and will be sharper than the 1st wave. If we take a conservative tgt then 186 is the minimum for 3rd wave and will come in quick time. Fibs - on the weekly charts the 270 is a strong resistance and hence to me the rally is over. Conclusion - It seems a...
ABB CMP 5949 Elliott- the rally was the 4th wave of C. Now the 5th wave has started. The mid point of this fall lies at 6569. Hence the target for wave 5 is 4263. This I have shown with two boxes. Wave 1 and wave 5 are generally equal hence the tgt by this rule is around 4K. Fibs- the rally cannot go past the 38.2% of the fall, indicating weakness....