AJAYSHARMA

AJAYSHARMA

Nifty should land in wave 4 of one lesser degree @ 24,444 i.e 23.6% retracement . We will see after that .

AJAYSHARMA

Running into to wave 4 of one lesser degree within a higher degree wave 3. I envisage a triangle . A pause in price action,after that we will be in a wave 5 within a higher degree wave 3 . Investors Hold . Regards

AJAYSHARMA

Since the channel has been broken wave iii is complete and we are in a wave iv . It has reached wave 4 of one lesser degree . Since wave iii is a 5 wave move with and extended wave 1 , we can expect correction till wave 2 of one lesser degree ie the blue patch shown . Note we can initiate buying only when reversal with support occurs eg Hammer , Morning star ,...

AJAYSHARMA

Reliance is caught in the 1-2 channel . Till it does not leave the channel upwards wave 3 will never start . It may come back to the end wave 2 . So sad and very bad . Regards

AJAYSHARMA

We are seeing a wave C (impulse crashing down) which comes after an extended B wave of a complex flat . Complex flat,,,,, is a flat in the first phase is a flat (a) , then goes a corrective wave higher . Then comes crashing down as an impulse wave . Always remember if it does not look like an impulse , it is not an impulse . Regards

AJAYSHARMA

Choose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because...

AJAYSHARMA

Looks like this is poised for a run away move . Its seems to trying to make 1-2-(i-ii-iii-iv-v) . But it needs to break out of the base channel for confirmation .

AJAYSHARMA

IGL has given an impulse wave i and correction ii . Most probably is in the midst of wave iii.

AJAYSHARMA

Bajaj Finserve is about to complete a 2 year triangle . Wait for a breakout of BD line for a an explosive 1400 point move

AJAYSHARMA

Nifty wants to correct further after the completion of X wave . If it breaks the channel on the lower side we may be in 12345 . But over all its short .Regards

AJAYSHARMA

Thermax is on the verge of staring a wave iii after a long leading diagonal . Watchout .

AJAYSHARMA

Its a case of a terrific wave 3 in making . Regards

AJAYSHARMA

This is only for long term investors . Short term investors should book profits at 4377 and then wait for a correction to re enter . Regards

AJAYSHARMA

I have always told when a 5 wave move is completed with an extended wave 3 . It will retrace .618 of the entire wave and correct till wave 4 of one lesser degree . This is shown in the chart . The parallel correction channel is broken . Be on a lookout for a minor . Its a buy . At least reach the highest high .

AJAYSHARMA

A multi year leading diagonal leads to an extremely powerful wave iii . Regards

AJAYSHARMA

This scrip is going into a wave 3 . Dont be surprised if it happens . Regards

AJAYSHARMA

ITC is running in an higher wave v for 700 + . That is where the profits need to be booked . 316.10 is buying zone . With a SL of 295 . This will only happen if 410.65 is not breached . Always remember we are in wave iv . It will not be easy . But the waves remain intact . Regards

AJAYSHARMA

This wave 5 will take it to new heights sl 800 . This is only for long term investors . Regards