singh17vivek

singh17vivek

apollo Tyre - CMP 480 I see a sharp rally in the broader indices coming next week. I see the same on this chart too. A final rally to 538 is highly likely from where a 5 wave down fall will begin.

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Apollo Tyre CMP 480 Elliott- The five wave impulse wave is done. Now a three wave correction should begin, Wave 1 and wave 5 have a equality or 1.618 relationship. Here it is equality. I have marked the same in the form of Boxes. Break of the trendline will be the start of a big correction in the counter. The natural support zone is the 4th wave of one lesser...

singh17vivek

Divis- CMP 3847 That's an ascending triangle forming in the B leg of the 2nd wave correction. So two opportunities one is shorting the C leg which is very strong. And then for investing and trading at the end of C wave.

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Dabur CMP 556 The correction is still not over in this counter. The B leg of the correction is a descending triangle and is now complete. The C leg should start from here. Look at the RSI oscillating between the bear zone 60-65/ 25-35. Further strengthening our case. First target will be 433.

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Bata CMP 1320 The stock has been in a prolonged down trend. In my view it should bottom around the 1175 zone where it will find Fib support as well as channel support.

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ICICI Bank CMP 1146 The correction halted at 50% Fib retracement from a higher swing an indication of strength. The trendline support is now telling me the stock is ready to make new highs.

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Nifty - CMP 22475 The Index is down to channel support as well as MA support. My oscillators are also telling me its a buy here. So go long on Nifty is the call.

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Break below 3800 will be very negative. The stock you see those levels on the chart.

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Indusind Bank CMP 1496 the sideways consolidation is a continuation of the fall from the highs. Hence in my view this will break down. Close below 1437 will be very negative as this correction will become very deep. Good news is tht it will an opportunity to buy and this is a bullish corrective pattern in Elliott called the zig zag.

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LT CMP 3599 Elliott- the C leg of the expanded flat corrective pattern is underway. We know that C waves are the biggest. Hence this counter is a sell till the results are out on the 8th May. T1 3285 T2 3124

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AU Bank- CMP 638 There is definitely something happening in the banking space. Now this counter has bottomed after a prolonged consolidation. This counter is a buy people.

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TCI Express CMP 1037 This is a zig zag corrective pattern and should complete its wave c around 890. It will also get support from the trend line below. All in all this is a zone of strong support and a high probability reversal zone. We will look for reversal signals here to buy this counter.

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Ultratech CMP 9875 The stock is in a strong bull trend. In my view the correction is done. Any pull back will be an opportunity to buy. In my view this counter is headed for 11260 and 12500.

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BSE CMP 2764 Negative news flow has brought a deep correction in the counter. Technically the stock is in a strong bull trend. Todays correction has brought the counter back to breakout zone which will act as support. Break below this will be very very negative. In my view the correction is done.

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IDFC First Bank CMP 80.50 The counter is down 5 % today, which is the quarterly results impact. Technically this stock is exhibiting strength. The correction to 75 was 38.2% from a higher swing an indication of strength. Hence todays correction is a buying opportunity. T1 is 112 T2 -135

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Bajaj Fin CMP - 6731 The correction has halted at 61.8% of the swing an indication that the trend is intact. In my view this is the best place for traders to buy as the 3rd wave should begin from here. For investors this is an opportunity to add more.

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Kotak CMP 1792 Elliott- the consolidation since the last 4 years to me is a triangle and is complete. The thrust out of such triangles are generally very strong. The stock trading in a rising channel is telling me things are changing. RSI too is now oscillating in its bull range. Hence to me it is time to buy this large cap stock.

singh17vivek

UPL- CMP 486 this counter has taken nearly three years to correct from the highs of 800 . In my view there are early signals of reversal in this counter now. All I want is a weekly close at the current levels or higher. I think in the large cap space this is yet another counter u can look for buying.