The Wave and HnS gallery

Key BD stocks.

1. ACC
2. Ambujacem
3. Siemens
4. Sobha

 Refer comments on charts

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Introducing NIFTY Alternate Elliott Wave Count

In continuation with my previous post where I had mentioned we need to be long with SL fof 5800 for  nifty target of 6000 zone, i see that based on an ALTERNATE perspective Nifty has a strong chance of making new highs. This scenario bodes well with my earlier count posted on SENSEX (readers would appreciate visiting the SENSEX post).

Here is an alternate scenario:

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Nifty Intraday (Going for wave ii up)

Nifty wave up now: Targetting 6k zone.. SL5800

EDIT AT 2.15: There is alternate probability that we are in wave (iv) of wve wave 1 down.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Nifty & Nifty Midcap50

I had posted a sensex long term count. Refer that post while going through this post. i reckon we have completed the 5 wave upside and we are in the midst of a game changing decline in the stock market.  Already I have posted some key breakdowns on the bank nifty and many charts.

 Nifty:

Nifty Midcap 50

 Tomorrow will add more charts detailing the wave counts.


These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Key Breakdowns

Key breakdown: ONGC, MUL, ICICIBANK,SAIL

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

TATACHEM (wave count)

TATACHEM (wave count): Tatachem has broken the rising trendline from Jul 2009. The stock took support on this Channel Line B at points p,q and r. The stock nearly tested that trendline thrice in last two months at the top of wave iv, wave a and wave c(2). This trendline testing and eventual break leads me think this count is the preferred count. The alternate count is bull case where, I put this decline as wave 4 the rise up as wave i and now heading for wave ii retracement.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

ANDHRABANK Elliott Wave

In continuation with the bank post, here is ANDHRABANK wave structure. BTW, one key observation, the stock loves the Jan month. It generally has sold off after Jan.

EDITED WAVE COUNT

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Bank NIfty Further breakdown

Key breakdown on the banknifty.

Further to this post on breakdown on Bank nifty  the index has further broken the rising channel today.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

ITC (quick post)

ITC (is this a breakout or a fake out)

ITC flag BO. Can be good long going forward. SL shall be 170. The PE is low for the company.

These FMCG companies are running like crazy. Lets see going forward

 

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

SBIN and BANKNIFTY

SBIN EOD Flag breakdown, suggesting a downside target of ~2300, with SL of 2800.

Key breakdown of Channel on Banknifty

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Currencies Monthly Chart (AUDUSD, USDCHF)

Here are monthly charts of currencies:
AUDUSD

USDCHF: The USD has been taking a beating against CHF since 1976. Further, in the month of Dec 2010, USD further broke down from parity level of 1, and is now headed lower. Based on traditional triangle breakdown, I reckon that USD can further depreciate to ~0.826. This is important, since generally USD decline is associated by stock rallies. So lets see how things pan out.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Reliance

Reliance breaksout and that too in style...
Heading for the 5th wave up..
With that looks like nifty in BULLISH ALT (red) count based earlier chart.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Nifty Intraday

Nifty preferred calls for possibly a top of wave 2. The first decline in the month of Nov is marked as possibly wave 1 down and this upmove can be typically wave 2, with low volumes, and which is evident in the last price action named as wave C.

Preferred: After this strong run up, there can a profit booking now in NF which can be wave 1 now, and declines can reach 61.8% of the rise which can be 5920 zone. Will watch the price action closely.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Sensex Elliott Wave Structure from 1979

Sensex long term picture aims for more highs. I am more inclined to highs this quarter. Lets see how things pan out, this is a preferred scenario. Will work on the alternate scenario and near term details but I think this may possibly be the right count.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

LICHSGFIN: Long term (preferred & alternate)

LICHSGFIN: Long term (preferred & alternate)

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Crompton Greaves

Crompton Greaves

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

INFOSYS LONG TERM

Infosys the poster boy / bellwether for the Indian IT is rocking since the day of its start of trading the stock is crazily running. Based on split bonus adjusted data, the stock was ~Rs. 1 in 1991 and is now 3443. Me think Infosys is in Primary wave 5 of Cycle wave 1.

A detailed wave structure suggests the infosys can even reach 3600.


These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students