sabu_m

sabu_m

SW Solar - Rounded Bottom normally signifies a turn around and this chart also is giving a rounded bottom. Looks like it completed a 3 wave ABC correction and is breaking out creating new higher highs. So hope to see a very good impulse move... And good returns on this one counter

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Patel Engineering, Looks like a turn around story in the making. After a rounded bottom it completed wave 1 at about 70 and now completed wave 2 around 35 in April. Now its all set for the next impulse move ( wave 3 ) with a breakout happening. that should give multi bagger gains. Details in chart. Another possibility is that it might continue with the...

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I had earlier published my analysis on Idea multiple time and all went wrong as itformed complex corrective pattern. I found a leading diagonal and so was expecting a good impulse move as the 3rd wave (marked in chart). But as usual market has its own ways to tell you that you have still a lot to learn, and this one seems to have had a mind of its own and...

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Reliance Infra - as per my earilier projection it touched around 300 and completed wave 1 and then corrected . Now its on wave 3 after completing the correction / wave 2 last month. So expecting a target of 500 and then 600 soon. All details marked in the chart.

sabu_m

Nice to see that Manappuram is progressing as per my earlier published analysis on July 2022 (linked below). Currently its on wave 3 of 3 a good spot to be in. Details provided in chart and 380 should happen by Sep 2026.

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After a 5 wave impulse move it corrected exactly 0.618 which is the standard wave 2 correction. And on a weekly chart it reversed with a morning star doji. So seems like this is a sweet spot to be in - start of wave 3 Even otherwise, in case its wave A of Flat correction, we can expect Wave B which should take it to 160 to 170.

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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

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...

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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...

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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

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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.

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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...

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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...

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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...

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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 

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 

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

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...