AJAYSHARMA

AJAYSHARMA

It seems to have completed 5 wave move with negative divergence of RSI . At least book profits. A pattern failure would happen after 6086 . Till then expect a correction till wave 4 of one lesser degree. Since it is a powerful wave 3 till will take time to correct.

AJAYSHARMA

Celebi Akash Services did not fall because India revoked its security clearance. It fell because it had completed a higher level wave iii with a triangle in previous wave 4 of one lesser degree. And market knew in advance . It has now almost at the end of correction (-40%) till the previous wave 4 of one lesser degree but can buy only on a reversal candle .

AJAYSHARMA

This is a non over lapping leading diagonal , hence an impulse wave . Question is whether its a wave 1 or a wave C . Irrespective of the fact , a diagonal retraces till the territory level of wave 2 . Hence a short or square off buying positions .

AJAYSHARMA

We see end of w (iv) . Alteration of w(i) and w(iv) is there . I have seen many w(3) with an extended w 5 . This is atypical . But anyway w(iv) has ended . It is end of correction . We will see how the waves materialize .

AJAYSHARMA

The only possible internal relationship between wave (i) and wave (iii) , when when wave (v) extends is w(iii) = 1.618 w (i) , which is the case here . If internal relationship is there then w(v) = 1.618 w(0) - w(iii) measured from the end of w(iv) , ie internal count and this is the case here . Next question is where this impulse is the end of a larger w(3) or...

AJAYSHARMA

Titan has ended correction . It has made a time consuming complex flat . More it consolidates more better is accumulation and the next move may be explosive . Complex flat a-b-c (A)--a-b-c (B)--1-2-3-4-5 (C) Regards

AJAYSHARMA

After completing a 5 wave impulse . The correction 1. Has retraced 61.8% of the impulse 2. Has reached the lowest of wave 4 (ie wave A of the triangle) Thus correction is over . Its an aggressive buy.

AJAYSHARMA

Dixon will become a trading stock now . Its investment value is over because of an extended wave iii. Its not a buy and hold stock now . We dont know how much and how long it will correct.

AJAYSHARMA

Mazagaon docks had a vertical wave iii based on PE expansion . Now it requires earnings expansion . Till EPS does not increase it will continue to be in wave iv and most probably form a triangle till it digests the PE increase in wave iii. Valuations will take time to normalize . But its a hold . Since many stocks have completed wave iii , we should be good at...

AJAYSHARMA

Avoid aggressive shorts . A wedge/diagonal triangle is approaching the end . This can be a wave a of a diagonal . which can give rise to an aggressive wave b . or its end of correction

AJAYSHARMA

ABC Correction seems to have ended for Midcaps . Lets see if its 12345 or and ABC

AJAYSHARMA

The title is explained in the chart. The chart is Fibonacically correct if anyone takes an effort to measure it . I have not shown these in the chart . I have observed a very peculiar occurrence in many charts i.e an extended wave i in wave iii position , this normally does not happen in a wave 3 position because then wave 3 would look like a diagonal pattern ....

AJAYSHARMA

1. Wave 4 will happen after the end of wave 3 , its obvious . 2. wave 4 will alternate with wave 2 . Thats law of the markets . 3. If wave 3 is 261.8% (normal) /423.6% (Extended) of wave 1 taken from the end of wave 2 . Then (a) - A target has been achieved , we need to sell first and see later. (b) We need to look for price / time consolidation depending...

AJAYSHARMA

1. The top in this case shows ending of minuette - iii and sub minuette (iii) levels of wave 3. This puts immense pressure on the stock i.e. a good correction 2. Wave - iii has an extended wave 1 (in circle green) . It means the correction will be sharp and end some where area of microwave 2 (in circle -green) . It is there at present . but can correct all the...

AJAYSHARMA

RSI level at wave iv should be less than that of wave ii . If it does not happen , then we can look for wave extension . Catch is wave iv should be higher than wave ii . But if RSI is lower than that of wave ii , this is a positive divergence signaling a higher top . Just observe . Enjoy the market

AJAYSHARMA

Wave (iii) is exactly 2.618 of wave (i) taken from the end of wave (ii) . Wave (ii) is a flat correction . So wave iv cannot be a flat correction , as per the law of alternation , which basically means wave ii and wave iv cannot be similar. Dissimilarity can occur by price correction and by time correction . I think we will get a time correction here , if not...

AJAYSHARMA

A wave 3 (with circle - micro wave) seems to have peaked . It will only be confirmed if trendline connecting sub- microwave 2-4 is corrected by time lesser than that of time taken by sub-microwave 5 . If if happens it will be a 20% correction , that is called Cost Reducing Technique (CRT) . CRT happens when we have a Top Out Signal . But for hold and buy its all...

AJAYSHARMA

We had a wave i and a messy wave ii (a looong flat- magnificent consolidation) . Then wave 1 (of one lesser degree) up was messy again . It has corrected . We should now expect a clean impulse wave now . Dont be surprised if the crack in the ice , crumbles below the feet (of the bears) . Regards