singh17vivek

singh17vivek

IN the previous swing the market is making its grid from a lower zone on the weekly charts. This is an early indication that the rally post that should not be trusted. The stock has doubled from that zone, and look where it has halted. It is the Fib confluence along with trendline resistance on the monthly charts. Huge volumes are telling us emotional...

singh17vivek

This stock is a sell on a close below the trendline. Double Top is a directional signal , we have a divergence in RSI and a strong one. Those slew of candles on the left is an indication of bears in charge. The minimum tgt will be 8150.

singh17vivek

The company declared a divided of 5 per share on the 31st oct. The huge divided attracted the retail investors, rise in volume clearly shows the same. According to Elliott this was the c wave of B. Since c is equal to a, the wave B is complete to me. Hence booking profits here will be a rational decision.

singh17vivek

In my view the c of ii is done. The zone is a fib confluence at 19460. At this imp resistance we have divergence from the composite where as the RSI has not even reached the bear zone. To me the Index should turn from here.

singh17vivek

he stock retraced 61.8% of a major swing. This is a first indication that the trend is intact but weakening. Hence the rally has to be sold into. Elliott- The first correction to 1041 was wave A. Now wave c of B will likely go all the way to 2240. This is also the zone where wave c is equal to wave a. In my view this will be the best exit.

singh17vivek

The stock has made a positive divergence with the RSI. So we have a short term reversal signal. All the three Moving averages are together. So we know it is at an imp point. With results tom. In my view this stock is headed higher towards 39700 to 49700.

singh17vivek

The Index has reached the breakdown zone of 43750. It has reached the 38.2% Fib retracement and we also have a falling trendline at the same zone. To me this rally could be fading. There are no strong candles on the rally another indication of bulls not supporting it.

singh17vivek

The stock is at Gap resistance coupled with a trendline resistance. Short term charts are indicating a bounce back again to the gap zone. We will look for divergence from the oscillators around the gap zone.

singh17vivek

The current rally in the counter can go all the way to 61.8% at 772. The divergence in the RSI further confirms that this rally is on cards. We will look for reversal signals again around 772 where it will also meet with trendline resistance.

singh17vivek

I couldn't have given u a better example of a series of 1's and 2's and then the devastation. Currently the rally in EUR should continue ..am looking at 1.19839 for the (4)th wave to end . Same series of 1's and 2's are there on many stocks and Indices so use these rallies to reduce ur positions coz the devastating 3rd leg has not even started.

singh17vivek

This is a zig zag corrective pattern, this is the only correction where the B leg doesn't go back to the highs. The A leg has five waves. B leg is an expanded flat corrective pattern. The C leg has started with a Railway Track which is a directional signal. The C wave will again have 5 waves. The minimum target is the 61.8% of the swing which is 4439. We are...

singh17vivek

This Index too is making a series of 1's and 2's in the start of its C leg. The current rally has halted at trendline and Fib resistance. And as a cardinal rule it cannot surpass 13690 which is the start of wave i. We have a reversal signal now on the hourly charts from RSI and Composite. So yet another Index is indicating that this rally is done.

singh17vivek Updated 

The rally has brought the Index to a crucial resistance. In my view the index should resume its downtrend from here.

singh17vivek

retest of the trendline from below becomes a very good zone to sell. This is again a series of 1's and 2's a precursor to loads of weakness ahead. RSI in bear zone and composite at resistance further gives me confidence that this rally is done,

singh17vivek Updated 

According to Elliot wave the current leg is the C wave. Whenever the stock is making a series of 1's an d 2's it is preparing for a big move. Right now the stock is at 61.8% fib support at 1466. Below this I think we will get a minimum 100 pts fall in a jiffy,

singh17vivek

This the C wave of the correction. This is the most devastating wave of the three. A double top is a directional signal and is asking u to take note. We also have a Doji right at the zone indicting reversal. RSI has reached the bear zone of 60-65 at this crucial resistance and composite is at resistance too. Fib analysis is indicating a deep correction. Be...

singh17vivek

The stock will come out with its quarterly results tom. The rally has halted at the 50% Fib retracement of the entire swing. The oscillators have reached overbought zone. There is divergence on Daily charts at this imp resistance. It made a big candle around the recent highs of 174 with huge volumes on the daily charts. This is an indication of retail entering...