mnvn_09

mnvn_09 Updated 

1. RAIN is inside a channel and consolidating and didn't slide much during the June-October carnage.Closing above 200s would reverse the trend. 2. The vix fix is suggesting there's not much correction left and the bottom is being made 3. The yellow arrow area shows the trend is still bearish. But at the end, there's sign of a trend reversal, which will be...

mnvn_09

Prima plastics posted yet another tepid set of numbers. It could test 70s and if 70s is broken, then it would go further down where it will find the support at 50s. Marked the support channel.

mnvn_09

Natco pharma is in a consolidation mode for quite a long time. - The williams vix-fix suggests the bottom is made and vix is easing, indicating consolidation/moving up. - The trend indicator, slowly bullishness is emerging. So closing above 200 DMA (790 level) will be bullish. It could test 840s if 790 is broken out. Monday is result day.

mnvn_09

Manappuram could test 80s as a short term pull back and then back to 60s. The short term trend reversal may not last longer, as the overall trend is still bearish

mnvn_09

Sterlite is hanging around a crucial zone. This could go either ways. At present it is below 200SMA, If it can go above the 200SMA, then the bulls will take the control. In the first circled area, one can see, the trend was about to turn up, but its failed (green, lime followed by marroon). Now in the current circled area, we can see, its been a fight. This can...

mnvn_09

CNX Pharma is showing a trend reversal. The H&S pattern is confirming it. s3.amazonaws.com

mnvn_09

In September I found that Bayer is topping in Elliott wave 5 and may head for a correction. Here's the EW count: Markets were disappointed with the earnings, for the past 4 out of 6 quarters. The stronger USD may pull Bayer further down.

mnvn_09

Aurobindo pharma seems to be done with the correction, the volumes are picking and it may start the new impulsive wave soon

mnvn_09 Updated 

Apollo Hospitals going through one of the classic WXY correction. If at all, the correction is done, it can start moving up (volumes are tentatively indicating). 1200 level to be watchout for the breakout. In case more correction left. It can go for further complex correction, which will be WXYXZ. Like this: s3.amazonaws.com

mnvn_09

HEG fail to breakout the channel, could bring it down to 3600s. If 3100s broken, then it openup a new correction wave altogether.

mnvn_09

Vinat Organics could retrace to 660 levels, if the corrections are sharp. If this going to be a complex correction, it would be stuck in a channel and stay put for years.

mnvn_09

Naukri is done with all 5 waves up, expecting for a good correction. Should find good support at 1100 levels.

mnvn_09

Aurobindo is making a possible cup and handle pattern. - Cup depth: 33% retracement from the previous top - Handle : a consolidation with good volumes What to look for: - A breakout above 800 with huge volume would confirm the trend. Disc: Not a trading/investing reco.

mnvn_09

Bata looks like done with all 5 waves up. Expecting it to slide down further and follow fib series.

mnvn_09 Updated 

After a long time Tata Motors is trading in a channel without breaking it. Suggesting the correction might be over and the bottom is hit ? We can see a new impulsive wave starting sooner.

mnvn_09

H&S in wave 5 is not a good sign. Shows that it has rallied enough and signs of correction on cards.

mnvn_09

Asian tile corrective waves would be easing sooner as it retraced more than 61.8% from top.

mnvn_09

Kalyani steel might be starting a new impulsive cycle