AJAYSHARMA

AJAYSHARMA

One more leg and we may be off to the races. Regards

AJAYSHARMA

explained in the chart . regards

AJAYSHARMA

As per Elliott we are in wave 3 of one lesser degree. This wave 3 scenario is supported by Ichimoku 5 line analysis i.e SSA/SSB (cloud) up, Tenkan sen + Kijunsen pointing up , Chikou span is free. The pair shows a 12 bar Taito Suchi time cycle which points towards Henkabi on 10/march. Since 1E target (which is also 1.618 Elliott wave target) is already achieved...

AJAYSHARMA

We should be looking for reversal signals around 17/03/2010 at 2448 levels. Lets see .We are already in the price territory of previous wave 4 of one lesser degree.

AJAYSHARMA

1. The trend is still intact as of now . 2. We are experiencing a wave iv correction as per Elliott Wave 3. As per Kihon Suchi time cycle (Ichimoku} we should expect a low on 04/05 March. These dates are very crucial. Till then watch and enjoy . Regards

AJAYSHARMA

That wave 5 target should be breached . And after a couple of years what is shown would be a mini wave

AJAYSHARMA

A double failure flat : When wave B of a flat is between 61.8 - 100% of wave A and wave C does not completely retrace wave B . Its a counter trend strength. The structure is 3-3-5. If the structure becomes 3-3-3 then it starts becoming a triangle . For both these structures key is upper break of the 0-B trendline, which is shown in the chat . So watch out who...

AJAYSHARMA

The triangle may end in 1st week of Apr at about 2250 and by June price should hit 3000. Lets see. But at present till end of March it may offer treacherous trading opportunities . This is, if the contracting trendlines are not breached . At present neutral.

AJAYSHARMA

his does not mean bearish . It means stock specific . Regards

AJAYSHARMA

Explained in the chart.

AJAYSHARMA

Explained in the chart .

AJAYSHARMA

See equality of price and time and perfect trend channel for ABC.

AJAYSHARMA

Consolidating in wave iv of one or two lesser degrees. I have shown wave iv of two lesser degrees. Most probably a triangle is forming . We need to wait for the break out of the down sloping red trendline . The best indicator to see resolution of consolidation is daily Ichimoku chart . Buy only when gold cross of Kinko Hyo happens . Meanwhile put the stock on watchlist.

AJAYSHARMA

Concor may be looking forward to a powerful wave 3 as per Elliott after the upper trend channel is broken upwards. In such a condition if Ichimoku confirms probabilities increase . Use daily chart here . The daily chart will let you take profits when the scrip hits resistance levels at weekly and monthly charts and will also give you a chance to re enter. In...

AJAYSHARMA

Regards

AJAYSHARMA

Bank Nifty would be completing wave ((ii)) a big flat 3 - 3- 5 structure . The 5th of the 5th of wave C of the flat may be near completion . It seems to be a good buy chance . But it should not break the blue support line . Regards

AJAYSHARMA

Bank Nifty should be moving up this week . If not then we have to look at the alt bearish count at the break of the support line if it is broken by a strong impulsive fall. So its time to stay neutral and wait . The (c) wave count is critical. Regards

AJAYSHARMA

The chart is up for discussion . But the latest wave has not ended . Regards