singh17vivek

singh17vivek Updated 

Balrampur Chini CMP 400 Yet another example of a dip from previous highs. The correction is done in my view nd is offering a good opportunity to buy.

singh17vivek Updated 

HDFC Life CMP - 563 Any one wanna bet on life insurance stocks here is an opportunity. This stock is now ready to break the shackles.

singh17vivek Updated 

TCI Express CMP 1131 Elliott- Thats a double zig zag. In my view it is complete. Candlestick- last two candles were inverted hammer which are reversal patterns. Fib- that zone at 1000 is a strong support. THis stock is a wonderful buy.

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Dr Lala Path Lab CMP 2798 I had mentioned in my previous post that the fall is done. The breakout is clean. there is no halt till 3240 now.

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L&T Fin CMP 169 Another example of a stock that takes a small dip around its previous highs before it breaks out. The dip to 38.2% from a higher swing is indicating strength. T1 330

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Rail Tel CMP 356 If u did not chase this stock. this correction is an opportunity now. The dip to 38.2% is telling me the stock still is in a strong bull trend.

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Tanla CMP 918 The stock has completed its correction. Its at Fib support with RSI in the bull zone. So trend is up now. A strong move in the counter should being any time now. Definitely a good buy.

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Idea CMP 15.26 Swing Analysis- the swings in stocks have a similar slope. This gives u a sense of uniformity. if this is true then this stock has a long way to go. to understand this we need to understand what is a swing in the first place.

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VIP CMP 500 Elliott- the ABC zig zag corrective pattern is over in my view. Pattern- the V shaped reversal pattern is a directional signal and is indicating reversal. Hence this current dip is the best opportunity to buy the stock, One can buy here or on the break of the trendline the choice is urs.

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India Cem CMP 213 This stock hasn't made new highs after 2007. The coiling in RSI is telling me this stock is preparing for a major breakout. One can buy it here or on breakout the choice is yours,

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IGL CMP 473 the Oil and Gas sector has done exceptionally well but this stock has been a laggard. Technically this stock is now ready to breakout and make new highs. In my view it is a very good buy.

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SUN TV CMP 665 Sun TV is currently the leader among the media stocks. Look at the chart they are very similar till the abc correction ends. Currently Sun TV is leading the Media sector. T1 1300. Other media stocks to keep an eye on are Inox and Network TV 18 and Saregama.

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Gland CMP 1886 The correction is done in this counter. the break of the trendline will an additional confirmation. U can buy here or above 2028. T1 3150.

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Bata India CMP 1346 Elliott- Fib confluence at 1286 is telling me the zig zag corrective pattern on the monthly charts is done. MA- support also at the zone. Candlestick- Doji at the support zone. Fib confluence on the hrly charts is telling me the stock is ready to move up. At CMP of 1346 the stock is down 38% from the highs and hence is a very good buy in my eyes.

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Laurus Lab - CMP 449 Elliott- the stock has completed the zig zag corrective pattern ABC. Trendline- break of the trendline is an indication of a change in trend. RSI - taking support above bull zone is positive. Buy this stock on a weekly close above 460. T1 - 660

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Nifty IT CMP-33613 The correction in the index has halted at 38.2% of its swing. With RSI taking support above its bull zone of 40 is a further confirmation of the bull trend being intact. TCS on the other hand has already staged a breakout. Hence these corrections are an opportunity to buy.

singh17vivek

apollo Tyre - CMP 480 I see a sharp rally in the broader indices coming next week. I see the same on this chart too. A final rally to 538 is highly likely from where a 5 wave down fall will begin.

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Apollo Tyre CMP 480 Elliott- The five wave impulse wave is done. Now a three wave correction should begin, Wave 1 and wave 5 have a equality or 1.618 relationship. Here it is equality. I have marked the same in the form of Boxes. Break of the trendline will be the start of a big correction in the counter. The natural support zone is the 4th wave of one lesser...