joel-vg

joel-vg

An attempt to make sense on us dollar indian rupee

joel-vg

is wave 3 complete ! not sure . Just a week-end to ponder about

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WAVE 1 - 24 POINTS WAVE 3 - 18 POINTS If wave 3 is 18 points ; then wave 5 of ending diagonal has to be shorter than 18 points Previous low of TATA MOTORS is 164. if we deduct 18 points from the current price of 178 , then it comes to 160 Hence i conclude that anything below 164 is a must buy in Tata motors . Even otherwise intrinsic value of tata motors is...

joel-vg

Because there are not much posts on nifty , i am writing this article ! In my last posts on the road ahead for Nifty , (link below)- i had anticipated that majority of short term traders are confused whether nifty will touch 11k or 10k. I had then said both are possible - There is no clear answer as Market itself has to show us the way. but the current move...

joel-vg

The rising wedge has a strong bearish character. Let us see what is in the store !!!

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Can we see 680 + in Sun tv ?? Please comment on the Chart & kindly share your views !

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looks like a contracting triangle which will break out tommorrow Which side - Kindly share your views

joel-vg

Is Nifty going to touch 11 k ? Is Nifty going to touch 10 K ? These are the 2 probable questions most of the traders have in their mind !! Let me try to answer by the wave pattern As per the wave possibilities which i see both are possible If the present up-move goes as Wave B - Then it can surely touch 11K within the next 10 trading days following which...

joel-vg

As shown in the chart - a diagonal pattern is spotted in the chart can be part of wave A Now as part of wave B - we can see an upmove to around 85 Let us see how the next wave unfolds !! All critics / sharing of ideas welcome

joel-vg

Yesterday i had clearly advised to buy Nifty on dips with SL of 10,400 The link to yesterdays chart is the following - Now there are 2 Elliott wave possibilities 1) It can go as an ABC pattern 2) It can also go as wave 12345 pattern If it is going as an ABC pattern , where A & Wave B is presently completed - Then the ideal Target should be around 11,000 If...

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Nifty 15 MINUTE chart wave analysis Details explained in chart there is confluence around 10,420

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To all wave enthusiasts - Kindly comment whether you can consider the present upmove as an Leading Diagonal ?? Regards, Joel

joel-vg

spotted an hidden divergence in hourly chart of Axis bank

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this one is based on wave count let us say - if in an ABC , the A & b appears completed C should complete between 695 to 700 Stop loss should be the 38 % retracement which is around 640 At present Sun tv is trading around 650 All wave counts are work in progress & are meant to aid trading I use Elliott wave count to help in my trading &i am willing to...

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I expect a minimum move to 700 because of the following reasons a) MAC-D cross over IN DAILY CHART b) moving average cross over on daily chart c) Elliott wave ABC correction looks like its over d)MAC-D histogram in +Ve territory

joel-vg Updated 

FEDERAL BANK just an interplay of channels , fibonacci & wave counting

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1) Divergence present in hourly chart 2) Price is almost touching the lower border of channels 3) Wave count looks to be almost complete 4) Fibonacci ratio is also supportive of an up-move Will the stock change the trend ?

joel-vg

ESCORTS MONTHLY CHART Since the trend has broken downside , i guess Escorts has long way to go on the sell side However i will consider buy on the bottom levels , wait for a year or so !!!