sabu_m

sabu_m

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

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

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

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

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 

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

sabu_m

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....

sabu_m

The moderator had informed that my earlier post lacked information so providing my detail analysis.. The whole correction seems complete with a XYZ move. Here Y =1.27 W and C = 1.27 of both the W and the Y wave. The channel connecting the B waves on the top was broken at the bottom which indicates the current correction trend got over. However to confirm that...

sabu_m

It seems the wave 2 of 3 is getting completed by forming a triangle... and then should see the next impulse move... All details in chart Only for education purpose...

sabu_m

All details marked in the chart - some salient points are : 1. The non limiting triangle as the X wave indicating the end of the complex correction. 2. The thrust down within prescribed limits of the longest leg of the triangle. 3. The zigzag exactly hitting the 0.618 level of the previous 5 wave move. 4. The thrust creating the truncated zigzag . all indicates...

sabu_m

From 118 to 300 + All details in the chart... Happy Holi Published only for education and learning purpose.

sabu_m

After the zig zag correction, a Flat with a strong B wave and that too a running expanding triangle and a C Failure (at 0.618 of B wave) with terminal structure being formed (in 1 hour chart). All indications that an impulse move is just around the corner. Expecting a target of 134 + For educational purpose only...

sabu_m Updated 

Yes after a long wait. After a 5 wave impulse move (with 1st wave extended and a failed 5th wave). It corrected exactly to 0.618 levels completing the wave2 and now all set for the 3rd wave to 30 and beyond... It formed a bullish harami reversal pattern too... What an Idea sirji ? All details marked in chart... This is only for education purpose.

sabu_m Updated 

Here is the updated wave count... it was a 5th wave extension... so the retracement happened not only to 0.618 but to the 4th wave levels too... So all set for wave 3

sabu_m

Sail after consolidation for the last 6 months is all set for the next move. . The Bullish Flag is also indicative of a good rally ahead.

sabu_m

After consolidating for a year, it formed an ending diagonal. A bullish pennant and currently at the demand zone. Looks like a reversal is in the offing.

sabu_m

Reliance Infra formed a nice rounded bottom and is now all set to move higher... a turn around story in the making

sabu_m Updated 

Details in chart