Dear Reader, The stock of Ajanta Pharma has witnessed a long "Bull Run" since its low of 6.04 made on 9th April,2009, and looks like there still remain space for its bigger "Bull Run" in years to come than what has been witnessed untill date. It will be too early to predict the future price of it as of now. However, I have tried my level best placing possible...
Dear Readers, If you see the long term chart of CUMMINSIND, you would find that the stock has been witnessing a sideways movement making higher lows and lower highs. The internal built of the first leg from the low of 746.15 to the high of 947 and third leg from the low of 747.55 to 921 looks like impulsive movements, please refer to the chart for the reference....
Dear Rearders, As shown in the chart, the stock of BankBaroda is breaching the lower support line of the channel line drawn. Secondly, the stock seems to be in corrective zone having completed its corrective wave '(a)' @169.65 of its possible 'flat' type correction. Considering the same the possible irregular '(b)' may get extended beyond the start of wave...
Dear Readers, A negative divergence has appeared in the stock of INDUSINDBK on its daily time bar chart. However, the stock on weekly and monthly chart has not shown any negative divergence nor does it look like to be for medium to long term period. Still, we may see a short term southward movement which may look like a sideways corrective movement to its medium...
Dear Readers, The stock of Divis Laboratories has witnessed a sharp fall in today's market. Looking at the current movement in the stock of DIVISLAB on 15 minutes time scale the stock looks good for the buying opportunity. Besides, giving due consideration to the internal wave count of the fall in the stock of DIVISLAB, this corrective movement seems to have got...
Dear Readers, In the stock of BHEL it has been witnessed sideways movement since its low of 90.15 made on 29th Feb., 2016, the 'Budget Day'. At first look, the movement in the stock looks like it is forming a "Complex Correction" type of pattern. If this is considered to be true and giving due consideration to the internal counts of the wave from the low of...
Dear Readers, In my previous post on CNXIT, "NIFTY IT : Will It Join The Bear Rally?", the link to which has been attached with this post, it was expected that it would complete its southward movement started from 12908.10 at the end of January or the first week of February of this year, considering the intermediate corrective movement, which started from 9295.25,...
Dear readers, It's been a long time I haven't posted on this site. The very reason was, I was biased towards the short at lower levels of the Nifty. With Nifty crossing above 8226, which was considered to be a crucial resistance, the short-term picture of it got changed. With Nifty moving above 8226, I better preferred to keep "wait & watch" view observing the...
Dear Readers, It looks like the big players are trying to pretend that they are bullish. However, the way Nifty has been moving for the last many days, it does not seem to be. It looks like they are trying to trap the traders in the bullish/long position or are compelling them unwind their short position. The big players, for the last many days, are juggling with...
Dear Readers, I had been observing the stock of RCom for the last many months. Its rise from its recent low of 34.30 to the hight of 38.05, givining due consideration to the internal wave counts, looks to be impulsive in nature. Secondly, the MACD Oscillator has given sign of divergence in the current movement of the stock. The stock of RCom seems to have...
Dear readers, for the last many trading sessions, though there has been surge in Nifty from 7916.40 to 8274.95, the movement in Nifty has been volatile, confusing and complex. Also, the move in the Nifty from the low of 7916.40 to the high of 8274.95 seems to be a double-complex correction in nature. Still, to the level best and the extent possible I have tried to...
Dear Fellow Readers, The stock of Reliance Capital has been in the corrective zone since 2008 crash and, according to my opinion, the last leg of this southward movement is about to come to an end either in few weeks or few months. Those, who are long-term investors, who have already invested in the stock or awaiting for the Golden Opportunity to invest in...
Dear Readers, We have been witnessing sluggishness in the Indian Stock Market for the last quite few sessions, and the same has been prevailing till today's trading sessions. There may be many reasons behind it, one of them looks to be the rally in the NiftyIT, while other stocks and sectoral indices giving southward movement. NiftyIT, from its recent low of...
Dear Readers, It has been noted that the BankNifty has taken support around level of 18180 - 18190 many times. Today, as shown in the chart, we can see that BankNifty not only has breached out of the "Triangle" formation but also has breached and sustained below its support around 18180 - 18190 level since 25th November, 2016 for longer period on 15 minutes time...
Dear readers, in my last post on Nifty, it had been mentioned that Nifty is expected to touch the new lows breaching its recent previous low of 7916.40, and the same is visible from the chart, as the development on the chart of Nifty suggests so. However, the choppiness in the market is shaking out the confidence of the traders and creating confusion in them, as...
Dear readers, I have been unable to put up the previous wave counts here because of the constraint of non availability of the previous data on the chart. However, from other site, viz., in.investing.com, whereby the charts are powered by in.tradingview.com itself, I have fetched a similar chart with previous data on chart, and if possible I would surely be putting...
Tata Steel has been trading in the corrective zone since the start of "2008 crash", and the same does not seem to have got over yet. This clearly means, "Picture Abhi Baki Hai Mere Dost", though on a negative side. But yes, Tata Steel is yet to get bottom out for those who are awaiting to make a longer term investment. Currently, I will not be commenting on its...