Stock-Holmes

Stock-Holmes

The down side impulse Elliot waves have completed and correction waves have started. The upward wave C is due. We can buy at current levels for decent returns.

Stock-Holmes

We can appreciate a breakout in the charts with an increase in volumes of stocks traded. Can expect a target of 1400 in the next few weeks.

Stock-Holmes

Beautiful triangle breakout. Expecting 400 rupees move by one month.

Stock-Holmes

Elliot 5 waves followed by correction waves. Buy at the current market price of 740 Target 900 Stop-loss 720 Risk reward 1:16

Stock-Holmes Updated 

Can Elliot correction waves take Nifty to 16000? After completion of 5 impulse waves from 7500 to 18600, the correction wave A went to 16400 followed by B to 18200 (may go up to 18600 levels) A massive C wave fall equal to or greater than the A wave is likely to ensue.

Stock-Holmes

The weekly candle of Nifty closed below 16300 and appears weak now. Elliot correction waves can take Nifty to 14800. Can go short if Nifty closes below 16200 in the daily chart.

Stock-Holmes Updated 

2700 - 2730 seems to be a resistance zone. Watch for a gap-up opening. If there is a gap up can directly go for a buy. If opens flat wait for 2730 to be crossed.

Stock-Holmes Updated 

We can see the stock price starting to fall after the completion of the 5th Elliot wave. The downside target is 8250. The correction wave may take the ABC pattern.

Stock-Holmes Updated 

Multiple signals to go short in this script. 1. The share price is near the resistance trendline. You can appreciate it in the daily time frame chart. 2. Elliot impulse waves (5 waves) completed. So, we can expect the correction waves to take action now. 3. RSI divergence can be noted. I'm expecting a correction of at least 10% this February. Target 1240.

Stock-Holmes Updated 

Elliot trades. The impulse waves had started from April 2021, had reached almost the end of wave 5. I would wait to invest at this time. 140 to 150 should be a good price to invest in ONGC. Wave 5 again follows the Elliot 5 wave pattern. I'm expecting the share price to correct to at least 160 this February.

Stock-Holmes Updated 

Elliot wave pattern. Correction waves can take PVR share price to 1515 levels. Expecting about 100 points correction in the next 1 to 2 weeks.

Stock-Holmes Updated 

The share price seems to follow Elliot 5 waves pattern in the correction. Wave 4 is in the process and I'm expecting a triangle kind of pattern in wave 4. After completion of wave 4, we can expect wave 5 to drag the share price to 3300 to 3000 levels. One can wait for the share price to fall to such levels before investing in Mindtree.

Stock-Holmes Updated 

Another Elliot wave pattern. We can see the share price has completed wave 3 and is correcting in a pattern (wave 4). Expect a rally towards 5300 after this short-term correction.

Stock-Holmes Updated 

One can wait for the script to reach 3100 levels to short for decent returns. Bullish for the ver short term.

Stock-Holmes Updated 

After an upward retracement, the stock has been corrected in a 5 wave pattern. The script is currently in its 4th wave which usually takes a triangle pattern. We can short it for a minimum gain of 100 points gain. Happy trading!

Stock-Holmes Updated 

Don't you think the stock price had rallied too much? Expecting at least 800 points fall in this script.

Stock-Holmes Updated 

As per Elliot's wave pattern, the IT sector is on the 5th wave run. The sector had rallied 80% in the last year without any significant correction. With the major IT companies announcing their quarterly results next week I'm expecting profit booking in stocks that had rallied significantly. Be cautious before investing in this sector now.

Stock-Holmes Updated 

The top is getting heavy for both nifty and bank nifty. US inflation data, Indian inflation data, TCS, Infosys, Wipro results. Too hot to handle. Vix above 17. Technically 5th wave of Elliot getting completed. Can short nifty with a stop loss of 18400. (Risk reward 1: 3.5) Targets mentioned are for the next few weeks. Profit booking in IT and banking stocks...