AJAYSHARMA

AJAYSHARMA

Nifty is on the verge of completing a flat correction . Flat correction is 3-3-5 structure . In this case wave A is a triple zig zag . Wave b is a zig zag . Now running wave C

AJAYSHARMA

This is an Infra stock .. I can count 5 waves on the chart on log scale monthly chart . Now if I take (( )) labels move is finished . But if I take (( )) , ( ) , and still further in to 1..2 This would be a turbo move Is the market scaling up . Do we need to change our degree of labelling ? This is the question we all need to ask .

AJAYSHARMA

This is a high risk chart . And the labelling degrees are incorrect . Pardon me for this . But we are at a decisive pattern . Safe place to buy would closure beyond wave 5 . But then move might be missed. Keep the strict stop loss and at this rate SL is not too way down.

AJAYSHARMA

This is a weekly chart so price action will take time . I see a big upside . It is in 3 of 3 of 3 mode .

AJAYSHARMA

Most probably wave 2 has ended . And has gone 50% retracement of wave 1 in a double correction . If it decides to do another round of correction thats why a sl of 332.

AJAYSHARMA

This is updated labelling with a change in wave 'a' of the last correction . Now we are running a wave "C" Ending Diagonal for 9540 - 50 zone . At present we are in the wave 4 of the ED . Then we should have a wave 5 the last one ending in 9540 - 50 zone . 9548 is exactly z = 1.618 y . After that we should see an very sharp reversal and the end of the...

AJAYSHARMA

Triple zz may end at 9577 . 1:1 in last correction falls on the channel line at 9577

AJAYSHARMA

is in a wave 4 correction of minuttee degree . So the buying range is the previous wave 4 of one lesser degree i.e 295 - 304 . But tday it seems to be forming a hammer . Any dip below 300 is a buy Minimum target is 326 .

AJAYSHARMA

It completes wave 3 of minute degree along with wave 5 at minutte degree . Heading in wave 4 correction at minute degree . Then it will move up in the final wave 5 of minute degree and go to 1860 - 1870 . 1670 is near the previous wave 4 of one lesser degree . C wave in the correction will be equal to 1.618 times wave A .

AJAYSHARMA

Triple ziz zag in Nifty is likely to end at 9590 . I am expecting a b wave in Nifty right now and then a c wave to 9590 levels to complete the correction . So one can short the pull back and then initiate longs at 9590 - 9580 levels.

AJAYSHARMA

We are seeing the fastest movement in Birla Corporation . The chart is self explanatory .

AJAYSHARMA

Bosch has been forming a symmetrical triangle since 03/2015 . According to me it is running the last E wave of that triangle . (Caveat the Two dark blue lines are the points if invalidation and tad above/below them should be used for stop loss depending upon the position taken as then the triangle will become invalid) 1. Wave C = 0.618 A in this triangle (not...

AJAYSHARMA

I am displaying a weekly line chart of Exide Industries . I should enter 3 of 3 of 3 . The fastest move . For a positional target of 300 + . Potential gain of Rs 60 + and a loss of Rs 20 . A good risk reward ration . One should buy August futures

AJAYSHARMA

IOC is ready for a sharp move in the coming week . These are the reasons 1. It has corrected exactly 38.2% (green panel) the rally i(350) to v (448) . 2. It has completed W-X-Y structure . So either this can morph into w-x-y-x-z structure . So we can either expect an X wave or an umpulse . 3. W : Y is 1:1 (not shown) . 4. It perfectly fits the corrective trend...

AJAYSHARMA

A flat formation in Bank Nifty is taking place . About 200 pts still left for the correction to be over .It is in the middle of the wave 3 for an impulse down , which is the final phase of the 3-3-5 correction . So correction should be over soon .

AJAYSHARMA

Please see the resistance levels in Nifty at .5 , 0.618 and now at .786 . When .786 is taken out next stop is 1 i.e 10,000. which is the danger zone.

AJAYSHARMA

It will starting a minor wave is within primary wave 3 . And if the correction is over it is in a minute wave 3 . So a 3 of a 3 of a 3 starting in the stock . Which means it is on the verge of the strongest move of its life time with a conservation target of 179 . Now the dilemma . Is this the right time to buy Pros 1. It has done a double zig zag correction...

AJAYSHARMA

I better be wrong I was looking at Bank Nifty on monthly charts and was trying to fit it into an impulse But I saw and overlap 13407.35(purpoted end of wave 4 of intermediate level) and 13414.30 (purpoted end of wave 1 of intermediate degree) . Wave 4 can never overlap wave 1 . Because of this I had to label the entire move from 2007 as a triple zig zag for Bank...