singh17vivek

singh17vivek

Dr Reddy CMP 6158 Fibs- the correction to 1829 halted at 61.8% of a major swing indicating that the trend is intact but the rally post that has to be watched carefully. In my view this stock is headed for 8700 which is a good 40% from current levels. One should definitely book profits there.

singh17vivek

Elliott- if u look carefully there is no definite trend in the counter. This is because this entire thing is a corrective pattern. The current move is the c leg of B which will be very strong up move. This leg will terminate either around 1135 or around 1400. Even if the counter gets to T1 it will double from the current levels.

singh17vivek

Eicher - CMP 4020 Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt. Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.

singh17vivek

Adani Enter- CMP 3122 Generally the fall like the one in this counter consolidates for years before it moves up. The sharp rise in this counter is telling me the correction is on. This is the B leg of the correction which is a zig zag and has two potential tgts one the previous high at 3875 and the other at 4941. The crash will come post that which will be the C leg.

singh17vivek

I had strongly recommended this stock for investments some time back. This stock is locked in 5% upper circuit post its QIP issue. That zone at 632 is the most crucial resistance. A monthly close above this will also be a breakout of the mid point of the double bottom.

singh17vivek

After taking support from the previous swing lows .it broke the falling trendline and now the retest is telling me this stock is changing direction slowly. Investors can definitely look at this stock now.

singh17vivek

This is an interesting ratio study of Gold/SPX . SPX is the US equity Index. The ratio moving up means it favours Gold over Equity. The ratio broke above the MA for the first time after 20 years in Dec 02 and hence was a significant breakout. It broke the trend line in Mar 2012 and was asking u to exit gold and buy Equity. Now in this 10 years Gold gave an...

singh17vivek

Channel support, Fib support and a double bottom on the hourly charts are telling me this stock should resume its uptrend.

singh17vivek

UBL - CMP 1738 the stock has been trading in a channel for years now. Fib study is indicating strength now. It has retested its breakout zone post hitting fib extension at .618. My first target is 2670 which is a cool 50% from CMP.

singh17vivek

LTTS CMP 5419 FIbs- this stock is in a strong uptrend. A stock always takes a small dip post hitting its all time highs. This correction is a mere 38.2% from a higher swing. This is strength. Fib Ext and Trendline- the stock is likely to face major resistance around the 7300 zone. the trendline crossover point is in May 24 indicating that post breakout this stock...

singh17vivek

Bajaj Fin - CMP 6514 In my view the correction is done in this counter. The Fib confluence at 6220 is being respected. Hence the correction seems to be done. Break of the trendline on the 4hr chart will be an early indication that the trend is now changing. So investors should use this dip as an opportunity to buy.

singh17vivek

Persistent CMP 8432 Fib- again the dip to 38.2% from a higher zone is tremendous strength. Its first major resistance is at 11100 and then 13K both are confluence zones. On the 4hr chart all the three Ma's are about to merge. Hence its at am imp zone. A close above the trendline on the 4Hr chart will mean the stock is ready to shoot.

singh17vivek

Tata Motors- CMP 968 Volume- the huge volume is an indication of euphoria post which we always witness a sharp correction. Elliott- the corrective pattern is zig zag. wave A and wave C have 1 and 1.618 relationship. The correction halted at 1.618. Composite & RSI- At this imp support we have +ve divergence from composite where as RSI has failed here....

singh17vivek

BNF- CMP 46800 Elliott- In my view these are a series of ones and twos ...the third leg should start from here. We know they are a blast. Hence will advice not to miss this move. Fib- In my view this move will go all the way to 50600. One can add more above 47200.

singh17vivek

Elliott- thats a zig zag corrective pattern on the 4hr chart. C leg is complete. Hence new five wave should begin from here. Fib- the extension is indicating the 495 and 475 as strong support. The counter reversed from 495. Fib confluence is at 500 and then 466. Hence any dip to 466 will be a welcome opportunity. Conclusion- zig zag is a bullish corrective...

singh17vivek

A g8 example of support becoming resistance and vice- versa. The stock is now headed for 607.

singh17vivek

Fib confluence at 1116/1118 is where this stock is now headed for. With two heavy weights extremely bullish I think Bank Nifty should make new highs.

singh17vivek

this counter has been on my watch for some time. I mentioned the support zone and the counter has reversed from there. The first wave has confirmed our view. Now this dip is an opportunity to enter. This will be the third wave and is generally the strongest. The 3rd wave should start either from current levels or 6647 .