singh17vivek

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....

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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...

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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...

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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.

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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.

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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.

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TCI Express CMP 1115 Fibs- the stock is at a strong fib support. Double bottom - At this strong support we have a directional signal double bottom. Elliott - I can see 5 waves in the first impulse wave. Hence this dip is the wave 2 and is the best place to buy. Conclusion - This stock is available at a 50% discount. In my view its a steal.

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Amaraja Battery CMP 1341.45 I has mentioned the 1770 zone to be a strong resistance. The stock is down 28% from its highs. In my view it should bottom at one of the fib confluence at 1270 or 1200. The volume has absolutely dried on this correction. Hence this correction is a welcome opportunity.

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Crompton CMP 419.7 This is a diagonal Triangle which comes down to the start of the pattern as a minimum tgt. Hence it is likely to come down to 370. The confluence at 407 and 398 are two place where it should take a breather. If it comes down to 370 its a must buy.

singh17vivek

Bajaj Finserv- CMP 1928 The stock is at channel resistance. That zone is also its previous highs. Hence a correction is likely from here. This correction will be the last one before the stock breaks free from years of consolidation. Utilize the dip to buy and hold.

singh17vivek

Tata Motors CMP 977 Elliott- thats a zig zag corrective pattern. In my view this is complete. RSI Vs Composite- See how the composite detects the change but RSI cannot. This is where composite is a useful tool. MA- they are a laggard and this is yet an example of it. When the stock is right at the bottom a sell signal has been generated. Conclusion - If u...

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Tata Power- 468.75 Elliott- 5 waves completes a wave. But in my view the third wave is still not done. Fib - the next resistance will come at 575/580.

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Navin Flourine CMP 3361 - Investors Elliott- all C wave corrections have 5 waves. The 5 waves are over. Hence the impulse wave has again started. This will be the 3rd wave and will be a strong one. Fibs - the correction has halted at Fib confluence .That is a small retracement hence the trend remains strong. RSI- at bull zone and above trendline is telling...

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Granules CMP 540 Elliott- These sharp falls are just the first leg A of the three wave correction ABC. The stock should rally from around this zone to 647. In my view exit this counter on this rally. Coz the devastating C leg will start from here. Which should complete around the 380 zone. This place will be an opportunity to buy. Pattern - this is an ...

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Ramco Cem CMP- 835.35 Elliott- A new series has started in this counter. Hence to me this is extremely bullish. Volume- that's slow accumulation by the bulls. Patterns- the 3 day chart on the left is loaded. It has a V shaped recovery a directional signals. It also has an inverted head and shoulders pattern, which is a bullish reversal pattern. That...

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Nifty Metal CMP 9251 This Index is the first to fall and hence first to recoup. In my view this Index is all set to rally strongly. At Fib support we also have a trendline support. RSI is taking support above the bull zone. The composite detects a reversal which has been marked with on the right where as RSI fails to detect the reversal. This is where...

singh17vivek

DXY CMP 100.939 Elliott- thats a zig zag corrective pattern. The C leg which is very fast and steep is underway. Fibs- Two tgts one at 96 and the other at 93. We will look at our indicators at these zones for reversal. Channel - The lower support channel is around the 93 fib support. MA-the longer Ma support is around the 93 /89 zone. So that zone is a ...