AJAYSHARMA

Wave 3 should keep on extending if a stock has to be a multibagger . So when a wave sequence starts the corrections on the way up should not be standard in nature .

Nifty is likely to retrace 0.618% of the drop from 11760 to 10000 which falls in the 11100 range which can be wave 1 or A . Wave B or 2 is likely to be an abc ziz zag . Wave A (impulse) is over and wave B (corrective wxy) is also over .Though a possibility that we are still in wave B is there but slim . Now we seem to be in the last leg C of the ziz zag . The ...

Nifty double zig zagged in a wxy at 61.8% . I think a new high in Nifty is in the offing before the doom sayers have it at 9000.

It is in wave 5 of 5 . Look for RSI divergence and then we should be set for a pullback trade in the counter . Just like Maruti

es Bank - Panic bottom coming up. RSI divergence in wave v . Look out for it . But this will only be a wave A down . Now the hunt for wave B sharp pull will begin after this panic bottom.

The curious case of Kotak Mahindra Bank corrective wave

Wave (b) in form of an abc flat . wave c of the flat looks like an impulse also most complete . Evidence will come when we see a distinct five wave move down in form of an impulse or an LD . Till then become position less.

Most probably Nifty is about to complete pull back (b) . (b) seems to be in form of an abc flat corrective structure in which wave c is a strong impulse Right now considering alteration we may in wave 4 of the impulse c and if alteration is not considered we may be in wave 4 of 5 of c. The structure will clarify itself in the coming week . But its a topping ot ...

Elliott says wave 2 is deep as folks say old trend is still there and there is another shorting opp but the stock does not break the previous low but retraces 78.6 %.

I think this is an expanded flat at work here .

Made a multi year triangle in wave 4 and has a sharp wave 5 post triangle thrust. Signals end of a multi year trend . Hence the brutal fall which may end at 600 which is the previous wave 4 of one lesser degree.

All channels have be comprehensively broken . This count is just a whisker away from being a 12345 to an ABC . ABC means the company would be in serious distress , Just see this chart on aritmetic scale.This is the midcap story.

Always need to be careful when 5 waves of a midcap/small cap stocks are complete or for any other stock . In good stocks there will always be wave extensions for eg HUL / HDFC Bank etc . and these will be difficult to count . So in brief it u see a stock where u can count 5 waves clearly over lets sat 5-7 years that stock is doomed .

All describes in the chart .

I think its a complex flat wave A (ziz zag) , wave B (flat) - wave C (5 wave move running)

It seems ICICI Bank is in a cycle wave III. It may be the next hero of the market . But Nifty is a ? right now .

Described in the chart

Described in the chart .