sabu_m

sabu_m Apr 10

A complex correction in the NIFTY seems to be complete - with the W a zigzag - and the Y a flat. This seems to be the best possible scenario as of now... So either it could now form another X wave and continue with the complex correction or the next impulse move is in the making. I believe that its going to be an impulse move now. So should be seeing ATH in...

sabu_m Jan 19

Earlier I thought the corrective wave 2 got over at the 0.5 levels.. But now it has corrected to 0.618 levels the ideal wave 2 completion area. And what a nice reversal candle its given - if tomorrow (20th) it opens gap up we get even a morning star .. Certainly all set for the start of the 3rd wave an ideal place to be for an investor...

sabu_m Jan 19

Was checking the charts of Airtel and Idea. Airtel had a period of consolidation (wave 2) for 11 years from 2007 to 2018. Where as it seems the consolidation is at the tipping point for idea.. Marked with yellow ellipse in the airtel chart where idea is.. The million dollar question is will idea follow the pattern of airtel now... Then seeing Idea at 50 in the...

sabu_m Sep 21, 2024

Morepen Lab - Looks like the 3rd wave is on and should see around 140 - 160. All details of my Elliot Wave projection is provided in the chart. This is my own interpretation of the Elliot Wave for education purpose. Disclaimer - I have this stock in my portfolio

sabu_m Sep 21, 2024

After the first impulse move it seems the correction is over and its all set for the next impulse move towards 500 /600. Disclaimer: I have this stock in my portfolio and this analysis is my effort in using Elliot Wave Theory for education purpose.

sabu_m Aug 1, 2024

Azad Engineering - At a very good level indicating an extended 3rd wave possibility.. which means its at a sweet spot for targets of 2750 and 3200. Looks like the wave 3 (2) is over and we are all set for the 3 (3) that should take to 2750.. Markings on the chart...

sabu_m Jul 26, 2024

Reliance Power _ After completing the correction of wave 2 in march at around 20 with a C Failure. Wave 3(1) started that touched 35 - then 3 (2) happened which is over last week. So from this week its wave 3(3) thats started. Ideally the best place to be to make money.. Expected targets projected in the chart. All details in chart. This is just my...

sabu_m Jul 1, 2024

IEX- its breaking out from the previous support after retesting it. Expecting a target of 225 based on simple elliot wave theory. A rounding bottom can also be seen. So can expect much higher levels as there could be a possibility of an extension of the 3rd wave. Will watch and update. Disclaimer - I am holding this stock This is only an illustration of...

sabu_m Jul 1, 2024

This is an update to my earlier post of Orient Electric. The correction was not complete then though i incorrectly assumed that it was over. It further went down and bounced from 190 to 200 levels and formed a leading diagonal in the 1st wave and currently wave 3 is in progress. Also seeing a rounding bottom. Initial Target is 300 and then 350 - Lets see how it...

sabu_m Updated  Jun 30, 2024

Sensex chart - 5 wave move is getting over. Ending diagonal is in the making. I can see the similarity of the 5th wave of the 5th, with the 5th of the 3rd - correction happened after an over throw (or a false breakout). The max i see is 69500. After a 5 wave move the correction can be really deep. Minimum to 42000 levels if not deeper. What is going to trigger...

sabu_m Updated  Jun 30, 2024

After a two year consolidation from Dec 2021 - it seems Orient Electric is breaking out with volumes and its probably the start of wave 3. The many narrow range candles in the weekly chart, the 0.618 levels of the previous impulse move, and the ending diagonal indicates that the complex correction is over. Orient Electric has broken out with a good green candle...

sabu_m Jun 30, 2024

The wave 2 didn't get over as earlier projected and it corrected a bit more. However wave 3 started with a leading diagonal and currently its wave 3 of 3. Details marked in the chart. The path is marked in yellow. Target - T1- 32, T2-36 an T3-40 Disclaimer- I have invested in this stock This is an illustration / projection of Elliot wave theory as I...

sabu_m Updated  Jun 30, 2024

Wave 3 in progress after a rounded bottom. Wave 2 of Wave 3 completed with the C wave forming an ending diagonal. Wave 3 of 3 in progress so expecting a rapid impulse move up ... All details mentioned in chart... This is my personal view based on technical analysis for learning and documentation purpose.

sabu_m Updated  Jun 30, 2024

NIFTY - Its the 5th wave extension thats happening. so the initial target is 24420 - and most likely even that might break out on the upside and most likely the next target is around 31900... Before we can see a good correction. So friends - stay invested...

sabu_m Dec 24, 2023

HFCL - after an impulse move it consolidated by forming a triangle that completed on 23 Oct 2023. The next impulse moves started - hopefully the 3rd wave with a target of 200 + T1 = 150, T2=180 and T3=200 It can also be considered as a bullish pennant breakout. The volume in the weekly chart indicates a good breakout.

sabu_m Mar 4, 2023

After the first impulse move the corrective wave of ABC corrected to 0.618 levels and had given a good reversal candle in the weekly chart. Next week should get the confirmation of the reversal. if the correction is over then its going to be the start of the 3rd wave, the sweet spot to be in, with a target of around 50. All details indicated in the chart....

sabu_m Updated  Jul 20, 2022

All information in the chart Just my view not a trade recommendation

sabu_m Jul 18, 2022

It seems Malappuram is a multi bagger in the making which can see 400 + in the next 2 years Analysis : After a 5 wave impulse move completing wave 1 of the Primary in January 2010. It went in to a complex correction finally forming a FLAT structure that corrected to the 0.618 Fib level completing the wave 2 of Primary. So now its all set for wave 3....