VIISHAL

VIISHAL

Hi folks, Adani Ports may be headed North to 950 - 1000 levels after the recent surge yesterday. This could be a 3rd up of the Final Fifth (of a large degree), so tread cautiously with a strict SL. If things pan out as per plan, we may see our target in the coming weeks, which is a cool 18-20% upside from the current levels. But again, please work with a...

VIISHAL

After the Govt. announced it's disinvestment plans in Container Corporation of India , Prices have started soaring with Heavy Volumes . If you have a holding capacity of a year, this stock can turn out to be a Multibagger, as depicted on the long-term Weekly chart. The stock has recently broken out a stiff resistance at 602, once. Now, if it breaks out again...

VIISHAL

In continuation to my Nifty update posted on 27th Feb, I'm getting inclined towards Scenario 1 mentioned in the update and the Alternate count mentioned in it, that we could be in Wave 2 (Wave count marked in Red) of a very large Wave A correction (NOT depicted on the chart). If we zoom into Wave 2 , it's unfolding as an irregular A-B-C pattern (Wave...

VIISHAL

Folks, In continuation to my Nifty update (published on 21st Feb), I'm now posting an interim update in the 15m timeframe. Things have set course into the right trajectory as I had envisaged, at a timing which couldn't have been more right!! I've labeled the Waves in the larger degree in Red. Scenario 1 - We've completed Waves A and B (Wave count marked in...

VIISHAL

Someone told me - "Horses shouldn't be Shorted"...  Yet those who had the courage to leash this animal called Nifty last March, must be owning a stud farm somewhere. Exactly a year after, I'm tempted to dare and Short the Nifty, because prices are so ridiculously high that they appear rigged and if senses prevail, the following Wave count should hold true. As...

VIISHAL

A friend of mine asked me to consult him on Adani Ports , so I did. Uploading the same for the benefit of all my folks here at Trading View. Adani Ports is in it's main 3rd of a large degree (Wave count marked in Red). It's in the last stages of completing this 3rd as depicted on the chart. It should now go for it's last move up before it completes the 5th ...

VIISHAL

Hi Guys, This is a "LOG" scale Nifty 50 chart in the Longer Time Frame (Weekly). As seen in the chart, IF the Bulls don't stop raging at this juncture (and bears don't come out of hibernation), the next target is 16500 !! If bears take control NOW, then we'll see the main 4th down, correlating to the high-time due (and a healthy) profit booking correction...

VIISHAL

Hi Folks, HDFC AMC has done 1 and 2 of the largest degree and is currently in the 1st up (of 1 smaller degree). Of this 1st wave up (of 1 smaller degree), we are currently in the middle of it's minor 3rd wave. Since the 161.8% fib projection of the minor 1 and 2 waves is roughly 3450 which somewhat coincides with the 50% fib extension of the 0-3 wave...

VIISHAL

Infy is a "Short" in the smaller i.e. Hourly/15m timeframes and undoubtedly a "Long" in higher TFs. It seems to have completed (or about to complete) an Impulse 5 move up which is a part of wave 1 of one larger degree which is in-turn a part of wave 3 of the largest degree, if you understand what this means. (Since strangely Trading View doesn't allow you to...

VIISHAL

Note : This is Chart 2 (Hourly Time frame) and is a part of the previous Bata India analysis that I just published. Please study both charts before taking any decision. Cheers !!

VIISHAL

TAKE MY WORD FOR IT - THERE MAY BE LESS TO MAKE OUT HERE, BUT PLENTY TO LEARN IN THIS ONE Was talking to an expert who told me that Bata India is a "Long", so I pulled up the charts. Here's what I found that stunned me. Initially, all looked hunky-dory on the Weekly chart (refer 1st chart), but when I moved on to the Hourly (refer 2nd chart), the story turned...

VIISHAL

Hi Folks, This is a continuation of the previous analysis of Maruti. Please read the comments section of the first chart to get complete details. NOTE : Please DO NOT read this chart in isolation.

VIISHAL

Hi Folks, Maruti has completed it's 1st and 2nd of the larger degree and also seemingly the 1st of one smaller degree (the "ONE-TWO, one-two" phenomena) of the main 3rd. The 2nd of one smaller degree seems to be brewing now. When we zoom into the section of one smaller degree on the daily charts (This daily chart is in the comment section), wave A of the 2nd...

VIISHAL

Reliance Industries is the top heavyweight on Nifty 50, hence both charts (Reliance and Nifty50) mirror one another over time. This chart compares Reliance Ind vs Nifty 50 and you'd appreciate that the wave count of the higher degree (as well as 1 to 2 degrees lesser) are correlatable. Although, I have been into the equity markets for a while now (since 2005),...