singh17vivek

singh17vivek

Bajaj Finserv CMP 1596 Elliott- zig zag is the only corrective pattern that has 5 waves in its first leg of correction. The B wave can go all the way to 1890 which is some 20% from here. Again an opportunity for traders.

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Bajaj Auto CMP 9564 Elliott- this is yet another stock that has five waves in its first leg of correction. Hence this is the A wave down . the B wave rally can take it to 11900 which is some 25% from the CMP. So yet another stock showing that this correction is still not done. Definitely an opportunity for traders.

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Au Bank CMP 592 Elliott- This is a complex corrective pattern. The current fall is wave A . This three wave rally can go all the way to 730. RSI has halted in the bull zone which means this rally has the potential to go to 730. Keep an eye as the fall will be fast and furious once the wave B is done.

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Senco Gold CMP - 1104 Elliott- the current dip has five waves which means it is just the first wave A of the three wave correction. The stock is likely to rally to 1400 and complete its B wave from where its C wave down fall should begin. Hence this rally is an opportunity to exit. Since the 1400 zone is some 30% from here it is an opportunity for...

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Wipro CMP 567 Elliott- the first fall has 5 waves hence this rally is an opportunity to sell. Trendline - break of the trendline will be a confirmation. Hence once can wait for shorts here till it breaks and then given a rally. RSI - we have -ve divergence too at this zone. FIB- the rally has halted at 61.8%. Which is also the start of the 3rd wave of C. ...

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Cipla CMP 1499 Elliott- The C leg of the zig zag has started. T1 1407 t2 1338 Trend line break and retest is confirmation of weakness. RSI- -ve divergence is indicating reversal. The bounce back to the bear zone and below the MA crossover is very very negative.

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DR Lal Path Lab- CMP 2956 A stock that starts with 5 wave correction is just the first wave A of the corrective pattern zig zag. The B wave nearly goes to the start of the wave 3 of A and then the devastating C leg starts. Here the C leg has already started. The correction will be deep. The first tgt is 2169 T2 1263

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GAIL CMP 194.15 Elliott- this the expanded flat corrective pattern which makes a new highs and then corrects deeply. The current dip is the vth wave of C and is complete in my view. Hence the A,B,C correction is done. Fib - A nd C have 1 or 1.618 relationship. It is currently at 1.618. MA- its at its long term MA support too. Conclusion - Most of the...

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Escorts CMP 3620 Elliott- This is a complex corrective pattern. Two zig zag corrective pattern separated by X which is also a zig zag. The current dip is wave 2 and is done. Wave 3 should begin from here which will be a strong upmove. Fibs- the halt at 61.85 from a higher swing is telling me the trend is intact and strong. RSI- the dip above the bull zone is...

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Sun TV CMP 761 Elliott - thats a zig zag corrective pattern n is complete. Fib - 50% from a higher swing is strength. Trendline - taking support above trendline is telling me the time is right to buy.. Conclusion - these fast corrections once complete are accompanied with sharp reversal and the trend remains very strong.

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GSPL- CMP 390.40 Elliott- thats a zig zag bullish corrective pattern and they often appear in strong bull trends. A fast correction and then the up trend again resumes. Fibs- It is at 61.8 % fib retracement from a higher zone. This is strength. RSI- +ve divergence at support is indicating reversal. Trendline- one can buy this counter on a close above the...

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Nifty CMP 23965 Elliott- wave A and wave C have a equality relationship. Hence the C leg should complete around the 23600 zone. Fibs - The current zone at 24K is a good support and then 23400. Channel - support is also at the 23400 zone. Conclusion - to me the Index is at its last leg of correction. Hence to me the Index should not go below 23400.

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Titan CMP 3293 I had given a buy at this zone previously. The stock is back to the same zone and is again a good buy. Trendlines act as the timing tool. The stock is at its trendline support along with RSI at its bull zone. In my view its a very good buy here.

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Nifty CMP 24392 time Cycle- 14 oct was a major conjunction. Two cycles merging at the same time is a major point in time. In my experience Nifty has bottomed or topped one two weeks before or after around this time cycle. Trendline- break of the channel and the retest is a good place to look to buy. In my view this correction is done. Buy stocks post their...

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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...

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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.

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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.

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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.