AJAYSHARMA

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

AJAYSHARMA

Nifty made a wave B and exactly retraced from the cloud bottom (SSB - Senkospan B)resistance . Earlier I assumed that wave A was incomplete as an LD So I sent my worst count. Now we have a clear Wave A as a leading diagonal . Now we need to brace ourselves for a shock. Regards

AJAYSHARMA

Its explained in the chart we could reach atleast 17350 (if not more on the downside) If the 4 point resistance trendline is not breached on the upside . Longs need to be careful .

AJAYSHARMA

It seems to be correcting in a wave iv of 2 lesser degrees . But since the wave iv is very sharp it seems to a just wave A of a very long time consuming triangle in the future . Where will this wave iv end , most probably it should be supported by the base channel . Kindly note this correction should not go beyond 0.618 .

AJAYSHARMA

It anyone knew about Elliott , we could have used Fibonacci divider to show us the the top. This was a perfect wave . Note how wave iv divided the entire wave into 0.618 : 0.382 ratio . A Fibonacci divider. Now just hope this wave should not be retraced by more than 0.618 percent . If it does the we can assume this was an extended wave 5 which will put a cap...

AJAYSHARMA

Shorters should be aware and cover their shorts at strong support level given on the chart . For people who want to go long should wait for reversal signals like hammer , morning star , bullish kicker etc which have become support in action at the levels indicated below for wave ((V)) journey