singh17vivek

singh17vivek

RelianceCMP 2677 Elliott- the ABC correction is a zig zag. The C wave is always the sharpest and in my view it is complete. Fib- its at 38.2% Fib retracement of its recent swing lows. This means strength. Trendline- support at the fib support is telling me this correction is over. Oscillators- now we need reversal signals from the oscillators for...

singh17vivek

IGL CMP 451.70 there are many ones and twos before the third appears. This stock too corrected 10% yesterday . Down to its channel support, the stock is offering a wonderful opportunity.

singh17vivek

Nestle CMP 2350 Elliott- the correction is a Flat corrective pattern and is done. Fib support . trendline support and MA support. RSI too is taking support above previous support zone. In my view this correction is an opportunity.

singh17vivek

HDFC AMC- CMP 4449 The fifth wave of this rally should finish at 5044. That zone also has a fib confluence. Hence partial profits should be booked here. The stock will give a healthy correction from there to the vicinity of the ivth wave which is 4000/3500. This is a good 20/30% range. Again this will be the best place to re-enter this stock as the trend is strong.

singh17vivek

SBI CMP 799.75 Trendlines- this alteration of support becoming resistance and vise versa is an indication of a stock which is expanding. I mentioned this time and again that trendline acts like a timing tool. The stock is at the trendline and is all set to move north. Fib- the 38.2% fib retracement is telling me the stock is in a strong bull trend. RSI -...

singh17vivek

DLF CMP 846.6 Trendlines- they act as a timing tool. After consolidating for a while it has now reached the trendline. That doji is telling me it is preparing to reverse. Fibs- they are not even coming down to 38.2%. This is tremendous strength. RSI - one very vital point here. See how the RSI has come down to bull support where as there is not much damage to...

singh17vivek

Indus tower CMP 378.90 The stock is back to 38.2% fib support. This zone is also its previous highs. Hence its a strong support. The current support is from a higher swing indicating that it is expanding. Even the RSI is back to its role reversal zone. In my view its a very good buy.

singh17vivek

IDEA CMP 9.31 I keep covering this stock as i see a hell of an opportunity here. Elliott- the current corrective pattern ABC is an expanded flat pattern. Mind u this is a bullish corrective pattern. The C leg is so sharp that it forces many to exit once the stock bounces back. Do not fall for it, its just a correction. A bit of correction more may be but u...

singh17vivek

RBL Bank CMP 201.2 The complex correction in the counter has just delayed the bull run in this counter. In my view it is all set to move north. Elliott- The rally from the lows has impulse waves which means the bull trend has started. In my view the complex correction is done . Fib- the 190 is a confluence zone and hence a strong support. RSI-+ve divergence...

singh17vivek

UPL CMP 580 Elliott- the ABC correction in this counter is a zig zag and is complete. FIb- the stock is at 50% fib retracement it is also a confluence zone. Hence a strong support. MA- at its longer MA support. RSI- The dip to the bull zone is telling me the intermediate trend has now turned to positive. Even on the daily charts the current dip is above the...

singh17vivek

Lupin History The best way to learn the mkts is to learn from history. But of course the basics have to be in place. First all uptrend or a down trend can be rapped within a channel. Second the first lower highs are mostly a better place to start. The break of the channel and retest from above around 500 was the bottom for the counter.

singh17vivek

ONGC CMP 295 The stock has corrected 20% from the top. Is this correction an opportunity to buy?? Elliott- I can see 5 waves, hence the C leg of he correction is done. Here the v th wave is a failure. Fib- The correction has halted at 61.8% of the swing, hence the trend is intact. Above 302 this stock will move up sharply. Volume- falling volume is ...

singh17vivek

BNF CMP 51462 Fib- The current zone is a strong support. Candlestick- we have an inverted hammer. which is a reversal candlestick pattern at the strong support. Channel - the Index is down to is rising channel support. RSI- The oscillator is above its bull zone. Composite- On the right we have an hrly chart. And we have a strong positive divergence....

singh17vivek

BEL CMP 283.95 This stock is in a strong bull trend. Hence this correction of 20% from the highs is a welcome opportunity. The stock has bounced back from the Fib confluence at 264/266. Currently it is taking support above the crossover of the two trendlines. This means tremendous support. Lastly, RSI testing the trendline after breaking it and also above the...

singh17vivek

SBI Card CMP 770 Elliott- I can see impulse waves in the current rally hence the trend has now changed. Fib- the stock is at a strong fib confluence zone. Hence to me it is around a reversal zone. Making this dip an ideal zone to buy. Volumes- have started to increase is positive. Conclusion- I have been consistently been able to spot these turn around stories...

singh17vivek

ACC CMP 2511 I am pretty bullish on the cement sector as a whole. If ur interested in large caps, then this stock is still a good buy. Fib analysis is indicating tremendous strength. The trendlines are clearly showing, that the stock will attain new heights post breakout.

singh17vivek

MSTC CMP 673 Fib - the stock has halted at Fib confluence at 655/661. Trendline- at this strong support we have a trendline crossover. Directional signal Double Bottom - at this strong support we have a directional signal double bottom forming. The confirmation will be the break of the mid point at 690. Conclusion - to me this zone is a great bargain.

singh17vivek

Adani Energy CMP 1038 Elliott- I can see five waves in the previous rally. Hence to me the downtrend in this counter is over. Any dip is an opportunity now.The potential is huge as the fall was pretty dramatic. So investors can simply buy and hold.