Manish_Kumar1

Manish_Kumar1

JD seems to have completed it's correction around 480 and now today given breakout from the descending triangle/wedge with good volumes

Manish_Kumar1

Vedanta has completed it's first correction from 277 to 218 as A after completion of five waves up. The A wave is clear 5 wave down which suggests B to retrace 61.8% atleast as A B C up.

Manish_Kumar1

Ceat chart is showing a Beautiful -WW chart pattern and also completion of 5 waves up. Aggressive trader would have initiated the shorts with hedge while safe traders can wait for the stock to close below 10 or 20 ema

Manish_Kumar1

Tata communications has broken out of it's recent range with increasing volumes and as per the EW view also the 3rd wave seems ON

Manish_Kumar1

Jet air seems to have broken down from a triangle after the stock broke out of the multi week multi month triangle on the upside. The lower trendline of the previous triangle may act as good support.300-320 seems good buy price

Manish_Kumar1

OBC completed 5 waves UP and the 5th was classic ED. The stock completed it's C of A wave down at 100 and bounced as in B corrective. The C may again seek levels close to 100

Manish_Kumar1

Vedanta which started it's journey UP from low of 58.15 on 12th February 2016 seems to have completed it's 5 waves UP at 233.70 on 11th November 2016.Nine months upside covered distance of 175.55. The stock is now doing it's corrective wave A.

Manish_Kumar1

PNB seems to have completed it's five wave impulse up. A break of 140 confirmed the -Wolfe wave in action and initiation of shorts.Next support is at 134 and a Break of which will signify further slide to 128-130 levels as a part of corrective downmove

Manish_Kumar1

IDFC bank is one scrip which has doubled in only three months.From a low of 44 on 24th June to 83.40 on 28th September the scrip made a double top on 29th september at 83.40 and corrected to 72.80 on 7th October. Again made a double bottom on 13th Ocotber with a low of 72.80 and resumed uptrend. The stock breaks the sloping channel and yesterday closed above it's...

Manish_Kumar1

After a long consolidation in the 4th wave which was a triangle Cairn has crossed it's previous high of 213.80 and given breakout with above average volumes. The Crude prices aiding the scrip

Manish_Kumar1

SRF after giving a Breakout from Triangle pattern completes it's target of 1850. Infact the stock has exceeded the target today.

Manish_Kumar1

PNB appears to be on the verge of completing it's upmove that started around 69.30 with a Double bottom. Last high made 150.55.An upmove of close to eighty one rupees.Will wait for confirm signals before going for shorts.

Manish_Kumar1

the stock is retracing it's previous fall from 453 levels to sub 300 levels. The corrective wave c of B is ON. We should avoid any longs at present and wait for the correction to complete.If our study is right we will soon get opportunity to short the stock around 425 levels.

Manish_Kumar1

Triangle pattern breakout of Suntv network on Monthly charts. The upside appear huge first target 550

Manish_Kumar1

Silver is range bound in a trianlge pattern. A dip to 18.65-18.80 levels will be great levels to buy Silver.

Manish_Kumar1

Gold is in the final stages of it's impulse in Hourly charts. A dip to 1335 $ will be an opportunity to buy.

Manish_Kumar1

Jetairways is consolidating in a Bigger triangle since last many years. On daily chart also there is a small triangle.Wait for breakout.

Manish_Kumar1 Updated 

A clear #3 waves on UP for Hindalco completed around 164 and in last 14 hours the stock declined by massive 17% in an impulse down. The stock has taken support aroun 138 and retracing back in ABC form.The #4th should come down to approximately 135 or so