singh17vivek

singh17vivek

The pull back to 50% from a higher low is an indication of strength. The stock broke out above 10540 ..the retest is an opportunity to buy at CMP 10580 and tgt of 10800

singh17vivek

Pull backs to 50% is strength. The stock broke out above 403. Fib ext on the right is giving a tgt of 420. To me its a buy at CMP 406.50

singh17vivek

The Index is halting at 38.2% of its immediate swing an indication of strength. Since we are at previous highs we will watch this zone carefully. The trend is intact as long as 19940 is not broken. Its a fresh buy above 20135.

singh17vivek

The retracement to 19670 was to 38.2% of the swing. This is strength. It has taken a little longer to move up after indicating strength. Hence one can go long above 19860. Between 19860 and 19670 its a neutral zone. We sell below 19670.

singh17vivek

On the right chart we can see the stock taking support at 50% of the immediate swing. This is strength. When the stock starts to consolidate for a long period of time after indicating strength then it is a sign of distribution. On a larger picture it cannot break its strength zone of 1630. If it does then we know bears have taken over.

singh17vivek Updated 

The stock is at trend line support as well as Fib support. A sharp rally is likely on the cards here. First will be 1850 and then back to the highs .

singh17vivek

Voltas- Strength followed by weakness. This is killing of bull trend. Elliott- This is double zig zag. The second one has started in my view. X is a Flat corrective pattern. That the second rally could not even reach 930 is a subtle indication of weakness. Fib - That the rally cannot go above 38.2% is an indication of further weakness.

singh17vivek Updated 

Support at 61.8% . A double bottom, Break of the falling trendline and retest. All indication of the stock preparing for a short term rally. I think minimum 857.

singh17vivek

Elliott- This is a double zig zag pattern. In my view the second one has started. Fib Analysis- On the upside break of 730 will be when we know we are on the wrong side. Hence for investors that is when u can buy. For traders this stock will give a wonderful opportunity to short.

singh17vivek

the rally to 38.2% of the swing is weakness. To me a deeper correction has started in this counter. U can tgt the recent lows as the first target.

singh17vivek

IN the previous swing the market is making its grid from a lower zone on the weekly charts. This is an early indication that the rally post that should not be trusted. The stock has doubled from that zone, and look where it has halted. It is the Fib confluence along with trendline resistance on the monthly charts. Huge volumes are telling us emotional...

singh17vivek

This stock is a sell on a close below the trendline. Double Top is a directional signal , we have a divergence in RSI and a strong one. Those slew of candles on the left is an indication of bears in charge. The minimum tgt will be 8150.

singh17vivek

The company declared a divided of 5 per share on the 31st oct. The huge divided attracted the retail investors, rise in volume clearly shows the same. According to Elliott this was the c wave of B. Since c is equal to a, the wave B is complete to me. Hence booking profits here will be a rational decision.

singh17vivek

In my view the c of ii is done. The zone is a fib confluence at 19460. At this imp resistance we have divergence from the composite where as the RSI has not even reached the bear zone. To me the Index should turn from here.

singh17vivek

he stock retraced 61.8% of a major swing. This is a first indication that the trend is intact but weakening. Hence the rally has to be sold into. Elliott- The first correction to 1041 was wave A. Now wave c of B will likely go all the way to 2240. This is also the zone where wave c is equal to wave a. In my view this will be the best exit.

singh17vivek

The stock has made a positive divergence with the RSI. So we have a short term reversal signal. All the three Moving averages are together. So we know it is at an imp point. With results tom. In my view this stock is headed higher towards 39700 to 49700.

singh17vivek

The Index has reached the breakdown zone of 43750. It has reached the 38.2% Fib retracement and we also have a falling trendline at the same zone. To me this rally could be fading. There are no strong candles on the rally another indication of bulls not supporting it.

singh17vivek

The stock is at Gap resistance coupled with a trendline resistance. Short term charts are indicating a bounce back again to the gap zone. We will look for divergence from the oscillators around the gap zone.