singh17vivek

singh17vivek

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 ...

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Rain Industries CMP 184.74 Investors Fibs- the retracement to 50% is strength. Pattern- the v shaped recovery is a directional buy signal. Hence this dip is an opportunity. Trendline- break of the trendline is a sign of change in trend. RSI - taking support above the bull zone of 40 and now ready to break the falling trendline is again very positive....

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Adani Enterprise CMP 2968.35 Elliott- The first wave down has 5 legs hence its the wave A of the corrective pattern zig-zag. The rally back to the highs is wave B. The current pull back is the start of the C leg of the correction. Fibs- A weekly close below 2845 will be a confirmation of weakness. Trendline- Retest of a rising trendline from below is a sign...

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Sammaan Cap CMP 168.41 - Investors Formerly I Bull Housing Finance. This stock has had a huge plunge. IT lost all its samman. Here are the reasons to buy it. Fibs- the full retracement to 61.8% of the swing is an indication that bears are loosing their grip. Elliott- this could be start of the 3rd wave. Could be co there can be many one and twos before the...

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INOX CMP 1655 Investors In my view this will be a massive 3rd wave. Buy and hold.

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IOB CMP 59.46 In my view the next big rally will happen in banks and NBFC's.I mentioned housing finance companies a few months back. They are already flying. Next are banks and NBFC's.

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CRB Index 273.84 Elliott- The rally from the lows is an impulse wave on the 3day charts. I mistook it for corrective on the weekly charts. So the correction is over. RSI- Stock making higher lows and a + divergence is an indication of reversal. Trendline- The break of the trendline will be a confirmation. On the RSI the trendline has already been broken....

singh17vivek

If the mkt has indeed discounted the Fed outcome then, this stock is a good buy at CMP of 132. Previous high support. Along with Fib confluence support.

singh17vivek

Crude OIl CMP $67.52 Inverted V is a directional sell signal. Its most imp support is at $65..50/63 . Break of the same will mean further weakness. Its next support is at $44. In my last post on Feds action I had stated that the real danger is not increasing interest rates by Fed but reducing them. They will reduce interest rates when then they see...

singh17vivek

Idea CMP 13.58 I have been bullish on this counter for some time . Here is Elliott angle. The rise can be divided into impulse waves which means the uptrend in this counter has started. Currently it is likely to correct all the way to 11.75. Now this will be the place to buy this counter, as it will zoom to 19 bucks again. There will be one more heart ache...

singh17vivek

This is the 5th wave of {3}. This is an extended 5th wave and hence will be very strong.

singh17vivek

Nifty Pharma CMP 22987 The current zone is a strong resistance. Fib resistance & trendline resistance at the same zone meaning a correction is on the horizon. Elliott- It has also completed the v of the 3rd wave. Hence a correction is a high probability. Corrections have a likely tgt. Which are the 4th wave of one lesser degree. The same has been marked on...

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BSOFT CMP 666 - Traders & Investors Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone. Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as...

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TCI Express - The stunner called Fibs- a case study See how the Fib confluence nailed the top in this stock. That long candle with a small body is a long legged doji indicating reversal. RSI on two time frame charts was above 80 indicating euphoria. Even if we missed the top Its a V shaped fall which is a directional signal. The clincher is the rally post...

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Praj CMP 744 I posted that balrampur chini is at resistance around 590. So is this stock. So u get confirmation from the stocks from the same sector. Birds of the same feather flock together.

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Happiest Mind CMP 804 The extreme indicator on the right bottom has something very imp. When the extreme high is touched for the second time, its an indication that an imp top is formed. The stock halved from the highs. Fib - the stock is at 61.8% fib retracement. Hence the trend is intact. Elliott- In my view the correction is done and the current correction...

singh17vivek

Auropharma CMP 1538 9 years of consolidation. Now that it has been broken it has a long way to go. Next resistance at 1820.