singh17vivek

singh17vivek

Ultratech CMP 11364 War or no war this correction is not stopping RSI- We have a -ve divergence which is a reversal signal on the monthly charts. Signals on higher time frame charts has to be taken seriously by investors. The oscillator below the bear zone and at MA cross is telling u the time has come. Elliott - The B wave which is an expanding triangle is...

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The Indian Hotel CMP 719 RSI - The oscillator could not press through the bear range for three times in a row .The first attempt was subtle, and is an early indication to the seeping bulls that conditions have changed. Trendline- break of the trendline and retest is telling me things have changed. Elliott- The devastating C wave has started and should be a...

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TCS CMP 3444 Elliott - The 4th waves tend to cluster together. I have put a box around the 4th wave. Hence the current zone to 3730 is where this rally should fizzle. The 5th wave should start post that. Fibs Even the Fib confluence is confirming a max rally to 3730. The first tgt is back to the lows at 3060. the second tgt is at 2670. Both these zones are...

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SBI CMP 800 Elliott- the rally is corrective and is over in my view. *Fibs- The waves are related to each other by Fibs.. Here the c wave has halted at 1 of a. Trendline- the rally also halted at the trendline. Oscillators- At price resistance we have a negative divergence in the composite where as the RSI has failed here. Conclusion - Since the formation...

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DAX CMP 22272 Candlestick- the Index fell 17% from the highs during the month and then regained most of the fall. The size of the lower wick is a sign of warning. In Japanese candlestick pattern it is a long term reversal candlestick pattern called the Hanging Man . At times after a big fall the bears just test the bulls to see till where they can pull the...

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Nifty CMP 24039 Tendline- the break of a trendline is an early indication of a change in trend. MA- The rally to the MA negative crossover point is an opportunity to sell. Oscillators- The RSI has something very subtle and is asking to sell this rally. The rally in the composite to its MA is indicating resistance. Fibs- In my view this correction will be...

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NMDC CMP 64.95 H&S- I had posted this chart before as well . The retest of the neckline is an opportunity to exit. Elliott- This the 3rd of (3 )of C. This fall is the most forceful of all. MA- The rally also halted at the Ma conjunction. Conclusion - This stock is ready for a deep fall. Investors beware. And traders u have an opportunity.

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Axis Bank CMP-1207 I think what everyone is interested is, in the extent of damage. So here comes the longer term charts. Elliott - this rally to the 1200 odd levels is the 2nd wave of C. The 3rd wave is the most devastating. To me the 3rd with start from here. Fibs -the 3rd wave is generally 1.618 of 1st wave. So combining fib extension on the left and fib...

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Nifty 50 CMP 23851 Elliott- The Index has formed an expanded flat corrective pattern. Every correction that ends with C wave is very very strong on either side. Good news is that this correction is not over. This rally will end either at 24350 or 24600. The bad news this is corrective rally and hence the downtrend will again resume. Conclusion - I posted...

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Tata Motors CMP 621 Elliott - This rally should end around the vicinity of the 4th wave of one lesser degree which the the iv wave here. Hence this corrective rally should end around the 775/827 marked within a box on the chart. Fibs - the rally to 61.8% from a lower swing signifies weakness. Meaning the weakness is intact. RSI - the oscillator is above the...

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PI Industries CMP 3607 Directional Signal - The V shaped fall is a directional signal and is asking u to be careful. Elliott - the sharp fall is just the 1st wave of A. The rally is the 2nd wave which means the stock will not start the devastating 3rd wave down. Fibs- the rally is just 38.2%, indicating weakness. RSI - the break of the support and now below...

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Ultra tech Cem CMP 11500 Elliott- On a higher time frame charts u see a contracting triangle. Again if u looking for a text book picture perfect its not going to happen in the real world. The e wave is done hence the triangle which is the B wave rally is over. So now we have C wave down fall from here. On the hourly charts this rally is corrective and start...

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Tata Consumer - CMP 1098 Fib- the rally has halted at the fib confluence. Hence i know that zone is a strong resistance. Elliott- the entire rally is corrective rally. Hence a three wave downfall should commence from here. Oscillator- the rally has halted at the MA on the higher time frame charts is negative. MA- see how the MA has acted as a good support on...

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Britannia CMP 5350 Fib- I has posted this way back. That zone at 5417 is the Fib confluence and a zone to sell. Elliott - this rally is the B wave of the correction. With trendline at the same zone, in my view this rally is done. The lethal C wave should start from here. Conclusion- I know these stocks are already down 30 to 40% and hence seem a good...

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L&T CMP 3260 Elliott - the 3rd of C is the most devastating. This is one stock where I can see the 3rd has started. This wave falls like a knife. Below 3242 it will rush to 3K and 2840. In my view this wave will not finish before 2200. Conclusion - we all know the thrust of a triangle is very powerful on either side. The test from below was an...

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Godrej CP CMP - 1156 Elliott - this is a corrective pattern called the expanding flat. A perfect book pattern should take it to 1227/1276. But in the real word there is noting perfect. In my view it not going any higher. Hence this becomes a C wave failure. Fibs - The current zone of 1176 is a strong resistance and hence a zone to be watched for reversal....

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HDFC Bank CMP 1817 Volume - we see a huge surge in volumes since Mar-23. I have marked the same within a box. What this suggests is that people have moved to safety as this stock is very resilient. To me this is late entry from retail. Oscillators - mind u this is monthly charts and both the composite and the RSI are still above their averages. This is giving it...

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Kotak Bank CMP 2132 Elliott- the entire mess on the top is actually an expanding triangle and is complete. Hence the ABC correction becomes an expanded flat corrective pattern which makes a new high, giving an impression of a breakout and then comes the dreaded C wave. Fibs- to me the first tgt is at 1626 which is the 61.8% from a higher swing. Even the...