tag:blogger.com,1999:blog-26037393444458044402024-03-14T01:01:16.332+05:30NIFTY RainMakerSTOCKS, INDICES, FUTURES, OPTIONS.........
"The very best way to predict the future is to create it."RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.comBlogger94125tag:blogger.com,1999:blog-2603739344445804440.post-26151382608805951372016-07-30T11:46:00.003+05:302016-07-30T11:48:51.967+05:30AXIS BANK<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="margin-bottom: 0in;">
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/-um_KLPRqvGw/V5xFJ_pmoiI/AAAAAAAAEB0/r8mSjJkP0MwjdUvEkVijIoRQIQus57XgwCLcB/s1600/WAVE%2B3%2BAXIS%2BBANK%2BJULY%2B29%2B2016.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="" border="0" height="181" src="https://4.bp.blogspot.com/-um_KLPRqvGw/V5xFJ_pmoiI/AAAAAAAAEB0/r8mSjJkP0MwjdUvEkVijIoRQIQus57XgwCLcB/s320/WAVE%2B3%2BAXIS%2BBANK%2BJULY%2B29%2B2016.png" title="AXIS BANK DAILY CHART" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">AXIS BANK DAILY CHART</td></tr>
</tbody></table>
<div style="margin-bottom: 0in;">
In the middle of January Axis Bank made a
Low at 367 and from there on until the end of February it remained
in a range which with the benefit of hindsight can now be labelled
as Wave 1 & Wave 2 where Wave 2 is deep - more than 80% and
complex in nature. Wave 3 which traveled up to 545 was an extended
wave and was 262% of wave 1 followed by wave 4 which was shallow and
simple in nature. As the wave 3 was extended wave 5 was expected to
be shorter and it failed to achieve 62% of 0-3 distance in fact it
was tad short of 50%. So far everything fits well in the wave
theory.
</div>
<div style="margin-bottom: 0in;">
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://3.bp.blogspot.com/-0bqo20lXuoE/V5xFz395jiI/AAAAAAAAECA/Uf38eNHHB7IzjIPHucsZG-B00XJggcs5QCLcB/s1600/WAVE%2B3%2BAXIS%2BBANK%2BJULY%2B29%2B2016%2B%2BFIBO%2BPROJECTION.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="189" src="https://3.bp.blogspot.com/-0bqo20lXuoE/V5xFz395jiI/AAAAAAAAECA/Uf38eNHHB7IzjIPHucsZG-B00XJggcs5QCLcB/s320/WAVE%2B3%2BAXIS%2BBANK%2BJULY%2B29%2B2016%2B%2BFIBO%2BPROJECTION.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-size: 12.8px;">AXIS BANK DAILY CHART</span></td></tr>
</tbody></table>
<div style="margin-bottom: 0in;">
Assuming 5 wave completed at 577 a
decent 3 wave decline is expected as in wave 2 / B of higher degree.
Also note that this 5 wave move has crossed the reflex point it
could be the signal to change of trend and fresh buying can be
initiated at the end of 3 wave move down, which can be anticipated at
62% of the whole move or about 162% of wave A as tentatively marked
on the chart as of now which gives us the range of 463 – 447 to
keep watch on.</div>
<br />
Happy Trading !<br />
<div style="margin-bottom: 0in;">
SHEKHAR</div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com1tag:blogger.com,1999:blog-2603739344445804440.post-59361816729034204652014-12-17T11:14:00.002+05:302014-12-17T11:16:50.350+05:30RCOM; UPDATE<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-UeR3PWm6iJc/VJEX7adeI0I/AAAAAAAAD-U/qU7zEanDpyA/s1600/Rcom%2Bdec%2B2014.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://1.bp.blogspot.com/-UeR3PWm6iJc/VJEX7adeI0I/AAAAAAAAD-U/qU7zEanDpyA/s1600/Rcom%2Bdec%2B2014.png" height="155" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">RCOM DAILY CHART</td></tr>
</tbody></table>
<span style="background-color: whitesmoke; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">If some body is interested in RCOM here is the latest update. </span><br />
<span style="background-color: whitesmoke; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">Refer my earlier post here: <a href="http://nifty-rainmaker.blogspot.in/search/label/RCOM">RCOM: An Elliot Wave Analysis</a></span><br />
<span style="background-color: whitesmoke; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"><br /></span>
<span style="background-color: whitesmoke; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">SHEKHAR</span><br />
<span style="background-color: whitesmoke; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"><br /></span></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com3tag:blogger.com,1999:blog-2603739344445804440.post-27169822116689627802014-11-08T17:46:00.001+05:302014-11-19T11:40:44.029+05:30NIFTY<div dir="ltr" style="text-align: left;" trbidi="on">
It is said that over the period of time 'Mass Psychology' remains the same. Group of people at different places behave in the same manner repeatedly.<br />
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<a href="http://2.bp.blogspot.com/-bf7SBnLKr7U/VGwxJ3oGOvI/AAAAAAAAD9U/XlZyAXYOqnA/s1600/NIFTY%2BWHAT%2BHAPPNED%2BNEXT%2B1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-bf7SBnLKr7U/VGwxJ3oGOvI/AAAAAAAAD9U/XlZyAXYOqnA/s1600/NIFTY%2BWHAT%2BHAPPNED%2BNEXT%2B1.png" height="320" width="216" /></a><br />
<br />
Attached is a Chart which I cam across going through my study material taken from the web some time back. The astonishing similarity with the NIFTY movement which we are witnessing these days caught my eyes.<br />
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I have cropped the chart to show approximately the stage where NIFTY is presently. Hope everybody sees what I am seeing.<br />
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<br />
Let me know If you agree.<br />
<br />
SHEKHAR<br />
<br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-M6s1dDPz5Vc/VGwxcbqTvpI/AAAAAAAAD9k/hOkET2_HZ6s/s1600/Image%2B8.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://2.bp.blogspot.com/-M6s1dDPz5Vc/VGwxcbqTvpI/AAAAAAAAD9k/hOkET2_HZ6s/s1600/Image%2B8.png" height="145" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY AS OF NOW</td></tr>
</tbody></table>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-9hKTpkc6mN4/VGwxOusBL2I/AAAAAAAAD9c/Mmfs_z8vP_o/s1600/NIFTY%2Bfollowing%2Bpath%2Bof%2BEUR%2BGBP.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-9hKTpkc6mN4/VGwxOusBL2I/AAAAAAAAD9c/Mmfs_z8vP_o/s1600/NIFTY%2Bfollowing%2Bpath%2Bof%2BEUR%2BGBP.png" height="179" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">THIS IS FULL CHART FOR EUR/GBP</td></tr>
</tbody></table>
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NOTE: Also see NIFTY chart posted by me on Nov. 01, 2014. The security in the chart is in a different time zone.</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com5tag:blogger.com,1999:blog-2603739344445804440.post-44956186147871855742014-11-01T14:38:00.002+05:302014-11-01T14:39:17.006+05:30NIFTY: WE ARE STILL IN WAVE 3<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-X0Ud3YfK9jw/VFSfy935c2I/AAAAAAAAD5Q/SPOLuiDqP7s/s1600/NIFTY%2BW3%2BENDING%2BNOV%2B01%2B2014.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-X0Ud3YfK9jw/VFSfy935c2I/AAAAAAAAD5Q/SPOLuiDqP7s/s1600/NIFTY%2BW3%2BENDING%2BNOV%2B01%2B2014.png" height="160" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY ELLIOT WAVE CHART</td></tr>
</tbody></table>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">I am sticking to my count which I had
given some time in Aug 2013 as nothing has changed in the
hypothesis. Therefore, following is the continuation of the same
argument.</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Wave 1 started from the low of 4531.15
on 20/12/2011 which took the shape of a Leading Diagonal and ended at
6229.45 and followed by a simple wave 2 correction which corrected
61.8% and made a low of 5119 on 28/08/2013 which marks the
beginning of the wave 3. The move that followed had confirmed that
NIFTY is in a typical wave 3 move.</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Now let us look into the internals of
wave 3.</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Wave (i) 5119 - 6343</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Wave (ii) 6343 - 5933 Little less
than 38.2% correction.</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Wave (iii) 5933 - 8180 This wave is
extended done more that 161.8% (approx 180% of wave (i) )
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Wave (iv) 8180 – 7724 This was
again a shallow correction done little less than 23.6%</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Since we are still in wave 3, the
question arises where will it lead us to ? It is presumed that
within wave 3, 4 subwaves have been done and now we are witnessing
wave 3 (v) .
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">The typical target for the end of wave
(v) and hence the wave 3 comes at
</span></div>
<ol type="i">
<li><div style="margin-bottom: 0in;">
<span style="font-family: inherit;">8893 38.2% of zero to wave 3</span></div>
</li>
<li><div style="margin-bottom: 0in;">
<span style="font-family: inherit;">8948 wave (i) = wave (v);
whenever wave (iii) extends.</span></div>
</li>
</ol>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">If we take into consideration the major
waves which began from 4531 wave 3 has already covered more than
(of wave 1)</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"> 1.618 @ 7866</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"> 1.707 @ 8017</span></div>
<div style="margin-bottom: 0in;">
</div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">The next ratio which coincides with the
targets anticipated from the internals of wave 3 happens to be
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">2.236 times of wave 1 and gives target
for NIFTY @ 8916. Although 2.0 of wave 1 comes @ 8515 one can
keep an eye on this along with the internals of the sub wave (v).</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">The Confluence of Ratios suggest that
we may have wave 3 ending somewhere in the region of 8893- 8916 - 8948.</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">Happy Trading !</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;">SHEKHAR</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: inherit;"><br />
</span></div>
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<div style="margin-bottom: 0in;">
<br /></div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-57745674795337667182014-10-31T20:14:00.001+05:302014-10-31T20:26:17.601+05:30CROMPTON GREAVES: TIME TO BUY FOR SHORT TERM<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="margin-bottom: 0in;">
CROPMTON GREAVES DAILY CHART is enclosed with Elliot wave marking. It is easy to deduce the following.</div>
<div style="margin-bottom: 0in;">
<br /></div>
<br />
<div style="margin-bottom: 0in;">
1. W2 is simple and corrected more
than 50%<br />
2. W3 is bit larger than 162% of W1<br />
3. W4 is a
complex correction with W 4(c) ending<br />
at 38.2% of
W3(subwave a equals subwave c)<br />
4. 1st TGT for W5 will be 232. SL 175.75 <br />
<br />
Also note that on weekly charts price has made a
hammer today. One can long above it with SL below the hammer i.e. 175.75</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
Happy Trading !</div>
<div style="margin-bottom: 0in;">
SHEKHAR</div>
<div style="text-align: right;">
</div>
<div style="margin-bottom: 0in;">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-A7g2Jz9Skr8/VFOi8W4KWvI/AAAAAAAAD5A/VYW0BuTplr8/s1600/CROMPGREAV%2B%2B%2BOCT%2B31%2B2014.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://2.bp.blogspot.com/-A7g2Jz9Skr8/VFOi8W4KWvI/AAAAAAAAD5A/VYW0BuTplr8/s1600/CROMPGREAV%2B%2B%2BOCT%2B31%2B2014.png" height="159" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Crompton Greaves Daily Chart</td></tr>
</tbody></table>
<br /></div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-67469753499508726792014-10-09T11:57:00.000+05:302014-10-09T12:01:16.039+05:30BANK NIFTY<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-left: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-8h1tUmrwgU4/VDYqi49F2OI/AAAAAAAAD4Q/zxIq582CdUU/s1600/BNF%2B%2BHRLY%2BOct14.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://3.bp.blogspot.com/-8h1tUmrwgU4/VDYqi49F2OI/AAAAAAAAD4Q/zxIq582CdUU/s1600/BNF%2B%2BHRLY%2BOct14.png" height="235" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: inherit;">BANK NIFTY HOURLY CHART</span></td></tr>
</tbody></table>
<span class="postbody" style="background-color: white; font-family: inherit;"><br /></span>
<span class="postbody" style="background-color: white; font-family: inherit;">This is an hourly chart of BNF a clear 5 wave fall has completed. Which implies that the correction in Bank Nifty will be a Zig-Zag move i.e. 5-3-5</span><br />
<span class="postbody" style="background-color: white; font-family: inherit;"><br /></span>
<span style="background-color: white;"><span style="font-family: inherit;"><span class="postbody">Now expect a 3 wave recovery which generaly recover 62% of the down move and sometime can extend upto next higher level therefore look for reversal at 62% or go short at 62% with SL a bit above 80% hourly closing basis.</span><span class="postbody"><br /></span><span class="postbody"><br /></span></span></span><br />
<span style="background-color: white;"><span style="font-family: inherit;"><span class="postbody">Hopefully one can catch the C wave down from there.</span></span></span><br />
<span style="background-color: white;"><span style="font-family: inherit;"><span class="postbody"><br /></span><span class="postbody">Happy Trading !</span></span></span><br />
<span style="background-color: white;"><span style="font-family: inherit;"><span class="postbody">SHEKHAR</span></span></span></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-27601606015607772172014-10-07T09:41:00.005+05:302014-10-09T14:22:33.722+05:30BHEL: A BIT OF CONFUSION<div dir="ltr" style="text-align: left;" trbidi="on">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-7IpB_U5bq98/VDNnm72V8eI/AAAAAAAAD3w/1zZ_obhcpZo/s1600/BHEL.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="http://3.bp.blogspot.com/-7IpB_U5bq98/VDNnm72V8eI/AAAAAAAAD3w/1zZ_obhcpZo/s1600/BHEL.png" height="161" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">BHEL MONTHLY CHART</td></tr>
</tbody></table>
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-zZ2BrgYYEyU/VDNnpzwcHRI/AAAAAAAAD34/AnvK1iQCWd4/s1600/BHEL%2BDAILY%2B%2BSEPT%2B14.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="http://1.bp.blogspot.com/-zZ2BrgYYEyU/VDNnpzwcHRI/AAAAAAAAD34/AnvK1iQCWd4/s1600/BHEL%2BDAILY%2B%2BSEPT%2B14.png" height="160" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">BHEL DAILY CHART</td></tr>
</tbody></table>
<span style="font-size: large;"> OR</span><br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-WDttOtYRDc4/VDNnsVnh8xI/AAAAAAAAD4A/oKU1VFCE-WE/s1600/BHEL%2BDAILY%2B%2BSEPT%2B14a.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-WDttOtYRDc4/VDNnsVnh8xI/AAAAAAAAD4A/oKU1VFCE-WE/s1600/BHEL%2BDAILY%2B%2BSEPT%2B14a.png" height="154" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">BHEL DAILY CHART</td></tr>
</tbody></table>
<br />This chart now seems to add clarity <div>
BHEL on Oct 09, 2014<br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-Q4a3eof9vnQ/VDZMhE6gvyI/AAAAAAAAD4g/nTna95i-oFE/s1600/BHEL%2BOCT%2B14.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="http://3.bp.blogspot.com/-Q4a3eof9vnQ/VDZMhE6gvyI/AAAAAAAAD4g/nTna95i-oFE/s1600/BHEL%2BOCT%2B14.png" height="235" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">BHEL 180 min CHART</td></tr>
</tbody></table>
<br /><br /></div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-28007825746545580732014-10-03T08:10:00.001+05:302014-10-03T08:29:37.785+05:30HINDALCO: Possible Fifth wave has begun<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-wYzkxRX4tw4/VC4MgbouK0I/AAAAAAAAD3E/DwHmqXy4qA0/s1600/HINDALCO%2B%2BOCT%2B14%2B%2B%2BDAILY.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://3.bp.blogspot.com/-wYzkxRX4tw4/VC4MgbouK0I/AAAAAAAAD3E/DwHmqXy4qA0/s1600/HINDALCO%2B%2BOCT%2B14%2B%2B%2BDAILY.png" height="158" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">HINDALCO DAILY CHART</td></tr>
</tbody></table>
HINDALCO: If not already Long. Go long above HRLY pivot at 166.5.<br />
<br />
or <br />
<br />
Buy if price gets in the rage of 145-150 on HRly chart that is about 50% - 62% retrace of five wave move as visible on hrly chart<br />
<br />
<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-Iuc1MlAjDdE/VC4Pt-Abo7I/AAAAAAAAD3c/Z5k5rKoRHfU/s1600/HINDALCO%2B%2BOCT%2B14%2B%2B%2BHRLY.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-Iuc1MlAjDdE/VC4Pt-Abo7I/AAAAAAAAD3c/Z5k5rKoRHfU/s1600/HINDALCO%2B%2BOCT%2B14%2B%2B%2BHRLY.png" height="320" width="306" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">HINDALCO HOURLY CHART</td></tr>
</tbody></table>
<br />
<br />
<br />
Target for this up move is minimum 204.<br />
<br />
Happy Trading !<br />
SHEKHAR<br />
<br /></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-47748267770960793612014-10-02T13:01:00.001+05:302014-10-03T08:28:37.530+05:30RELIANCE CAPITAL : Time to Buy<div dir="ltr" style="text-align: left;" trbidi="on">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-mH8pWTqzseM/VCz-HuLKUOI/AAAAAAAAD20/n5faUisMLi8/s1600/RELCAPITAL%2B%2BDAILY%2BOCT%2B1%2B14.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="http://2.bp.blogspot.com/-mH8pWTqzseM/VCz-HuLKUOI/AAAAAAAAD20/n5faUisMLi8/s1600/RELCAPITAL%2B%2BDAILY%2BOCT%2B1%2B14.png" height="159" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">RELCAPITAL</td></tr>
</tbody></table>
<br />
Time has come when one should be ready to buy this stock. Possible target could be minimum 668.9 that is the high of wave 3. Sometimes wave 5 do get shortened but that is an exception.<br />
<br />
<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: right;"><tbody>
<tr><td style="text-align: center;"><br />
<a href="http://4.bp.blogspot.com/-ymQpHjja9jE/VC4OMaFKrsI/AAAAAAAAD3Q/T5HvMTq-Kg4/s1600/RELCAPITAL%2B%2BHRLY%2BOCT%2B1%2B14.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-ymQpHjja9jE/VC4OMaFKrsI/AAAAAAAAD3Q/T5HvMTq-Kg4/s1600/RELCAPITAL%2B%2BHRLY%2BOCT%2B1%2B14.png" height="320" width="318" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">RELIANCE CAPITAL HOURLY CHART</td></tr>
</tbody></table>
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Keep a close eye on Hourly chart it will give better guidance for Entry.<br />
<br />
Happy Trading!<br />
SHEKHAR<br />
<br />
<br />
<span style="background-color: #f5f5ff; font-family: verdana, geneva, lucida, 'lucida grande', arial, helvetica, sans-serif; font-size: 13px;">Pl correct: 61.8% of wave 3= 443 approx</span><br />
<div>
<span style="background-color: #f5f5ff; font-family: verdana, geneva, lucida, 'lucida grande', arial, helvetica, sans-serif; font-size: 13px;"></span><br />
<span style="background-color: #f5f5ff; font-family: verdana, geneva, lucida, 'lucida grande', arial, helvetica, sans-serif; font-size: 13px;"></span></div>
<span style="background-color: #f5f5ff; font-family: verdana, geneva, lucida, 'lucida grande', arial, helvetica, sans-serif; font-size: 13px;"></span></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-26063275246863047362014-09-30T14:44:00.002+05:302014-09-30T14:44:48.966+05:30YESBANK: Heading South in the Short Term<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-a57E3ezWXQE/VCp0AabeBZI/AAAAAAAAD1M/82JD5jfL1Ug/s1600/YESBANK%2B%2BWEEKLY%2B%2BSEPT%2B14.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-a57E3ezWXQE/VCp0AabeBZI/AAAAAAAAD1M/82JD5jfL1Ug/s1600/YESBANK%2B%2BWEEKLY%2B%2BSEPT%2B14.png" height="160" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">YESBANK WEEKLY CHART</td></tr>
</tbody></table>
.....<br />
<br />
<br />
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-12591987381901062162014-09-27T10:59:00.003+05:302014-09-27T13:23:29.183+05:30RCOM: An Elliot Wave Analysis<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-r37u1uIp3GI/VCZLB75PbSI/AAAAAAAADoU/EiclLQukf2Y/s1600/RCOM%2BSept%2B14.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://2.bp.blogspot.com/-r37u1uIp3GI/VCZLB75PbSI/AAAAAAAADoU/EiclLQukf2Y/s1600/RCOM%2BSept%2B14.png" height="160" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">RCOM DAILY CHART</td></tr>
</tbody></table>
Starting from the
low of 46.55 on 30/08/2013 RCOM was in an impulsive move which
ended at 164.65 on 17/09/2013 a clear five wave up move can been
observed.<br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">17/09/2013
onwards RCOM is in correction mode <b>wave a</b> made a low of 106.75
followed by <b>wave b</b> up move which ended at 157.25 about 80% retrace of
<b>wave a</b>. </span>
</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;"><b>Wave c</b> down has
started from 157.25 which is still continuing. A 61.8% retrace of
the previous impulse comes at approx 91 and for now <b>wave c</b> has made
a low of 93.05 on 26/09/2014. </span>
</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">Has <b>wave c</b> ended thus the correction completed ? The next impulsive wave is about to begin ??? </span>
</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">Let us look
closely into the <b>wave c</b>. <b>Wave c</b> always consist of 5 subwaves, here
we can visualise that presently RCOM is in <b>c (iii)</b> (still on). <b>c (iv)</b> and<b> c (v) </b> are still to unfold. </span>
</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">Keeping all the
above in mind we can for sure say that there is still some more
downside left in the RCOM.</span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">Where can this
downfall end ? Some reasonable estimate/guess can be at 74-77
range which happens to be 76.4% retrace of the impulsive move and
also 138.2% extension of corrective <b>wave a</b>. Confluence of Fibo
ratios is one important region to lookout for.</span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">If it goes deeper
than the next lower level could be 64 approx. which happens to be
161.8% of the <b>wave a</b> what is quite normal for <b>wave c</b> to travel.</span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">Once we are able
to define the end point of wave <b>c (iii)</b> we will have a better
estimation where the <b>wave c</b> could end. So keep a watch on the
internals of <b>wave c</b> and catch the next BIG MOVE UP !!!</span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">Happy trading !</span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">SHEKHAR </span>
</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="color: black;">NB: All Fibo
values are approximation on visual basis they are not calculated
values.</span></div>
<br />
<div style="margin-bottom: 0in;">
<br /></div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-69154952027295266672014-08-29T14:33:00.002+05:302014-08-29T15:28:30.762+05:30NIFTY: Still some steam left before corrections sets in.<div dir="ltr" style="text-align: left;" trbidi="on">
<div align="JUSTIFY" style="margin-bottom: 0in;">
<br /></div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-e44orWDKPN8/VABBezm5JFI/AAAAAAAADmI/hiLwIiDCnQM/s1600/NIFTY%2BEW%2BWEEKLY.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://2.bp.blogspot.com/-e44orWDKPN8/VABBezm5JFI/AAAAAAAADmI/hiLwIiDCnQM/s1600/NIFTY%2BEW%2BWEEKLY.png" height="161" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY WEEKLY ELLIOT WAVE CHART</td></tr>
</tbody></table>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<span style="font-size: 13pt;">Starting
from the lows of 4534 we had wave 1 as a leading diagonal ending at
6229. Wave 2 corrected to 61.8% + levels and thereafter we are
enjoying a wave 3 move. (A possibility was suggested as an alternate
count last Aug.)</span></div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<br /></div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<span style="font-size: 13pt;">For
now W3 has already moved beyond normal i.e. more than 161.8% of wave
1 next possible extension is 176.2% or 200% at 8091 & 8495.</span></div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<br /></div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-5WlzOWkal-k/VABBmUKaqWI/AAAAAAAADmQ/TWxEzy1M0Cg/s1600/NIFTY%2BEW%2BHRLY.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-5WlzOWkal-k/VABBmUKaqWI/AAAAAAAADmQ/TWxEzy1M0Cg/s1600/NIFTY%2BEW%2BHRLY.png" height="160" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY 15 MIN CHART<br /></td></tr>
</tbody></table>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<span style="font-size: 13pt;">Now
look at the internals of wave three starting from 5105 which appears
to be nearing completion. W 3 ii retraced merely 38.2% of W 3 i, the
normal end of wave 3 comes at 6181. If we further go down and
look into what looks like a wave 3 v, it is forming an Ending Diagonal
and we are at W 3 v (4).</span></div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<br /></div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<span style="font-size: 13pt;">In
nutshell, keep an eye on 8091 -8161 range we may have a meaningful
correction starting from there.</span></div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<br /></div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<span style="font-size: 13pt;">Happy
Trading! </span>
</div>
<div align="JUSTIFY" style="margin-bottom: 0in;">
<span style="font-size: 13pt;">SHEKHAR</span><span style="font-size: 13pt; text-align: left;"> </span></div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-47387967649799980752014-01-22T14:10:00.000+05:302014-01-22T14:23:43.310+05:30NIFTY MONTHLY CHART JAN 2014<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-IblpB-g-X_s/Ut-DjP6An1I/AAAAAAAAAZ0/9hDhTpQPLbE/s1600/Nifty+Monthly+Jan+2014.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="http://1.bp.blogspot.com/-IblpB-g-X_s/Ut-DjP6An1I/AAAAAAAAAZ0/9hDhTpQPLbE/s1600/Nifty+Monthly+Jan+2014.png" height="163" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY MONTHLY CHART</td></tr>
</tbody></table>
<div style="text-align: left;">
<span style="font-family: inherit;">Nifty is at a critical juncture at almost previous highs. Whereas MACD is showing a clear divergence.</span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;">LOOK for sell signal in STS and MACD. A fall can be anticipated.</span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;">If prices closes above the previous high bull run might continue. As long as Divergence is there up move will be suspect.</span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div style="text-align: left;">
<div style="text-align: left;">
<span style="background-color: whitesmoke; font-family: inherit; font-weight: normal;">Incidentally it also completes a part of C&H pattern as shown in the previous post below. </span></div>
</div>
<div style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;">Happy Trading !</span></div>
<div style="text-align: left;">
<span style="font-family: inherit;">SHEKHAR</span></div>
<br /></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-27609418417200391092013-10-12T13:41:00.000+05:302013-10-12T15:44:17.425+05:30 A CUP & HANDLE PATTERN ON NIFTY<div dir="ltr" style="text-align: left;" trbidi="on">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-eF1MhIL_YBQ/UlkBlmn5WOI/AAAAAAAAAYU/HNJc-U1qjkg/s1600/Cup+&+Handle++oct+2013.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="164" src="http://4.bp.blogspot.com/-eF1MhIL_YBQ/UlkBlmn5WOI/AAAAAAAAAYU/HNJc-U1qjkg/s320/Cup+&+Handle++oct+2013.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY WEEKLY CHART</td></tr>
</tbody></table>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-peHuYXF6tMA/UlkdtP7hjqI/AAAAAAAAAYk/rXfJKGJ7V_c/s1600/Cup+&+Handle++oct+2013+a.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="191" src="http://4.bp.blogspot.com/-peHuYXF6tMA/UlkdtP7hjqI/AAAAAAAAAYk/rXfJKGJ7V_c/s320/Cup+&+Handle++oct+2013+a.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Nifty Spot Weekly Chart</td></tr>
</tbody></table>
<span style="font-family: inherit;">Starting from the Low of 2008 a close look gives a kind of feeling that it is forming a Cup & Handle pattern, it is still in a formative stage and hence only my assumption, which may be proven wrong. </span><br />
<span style="font-family: inherit;"><br /></span>
This is another chart Nifty Spot which shows a better rounded formation (because of sudden plunge) and handle also seems to have been done. One can have his own independent views. As a trader we know when to and how to enter a trade.<br />
<div>
<span style="font-family: inherit;"><br /></span></div>
<div>
<span style="font-family: inherit;">Here is a small write up from Investopedia on C&H pattern.</span></div>
<div>
<span style="font-family: inherit;"></span><br />
<span style="font-family: inherit;"></span></div>
<div>
<span style="font-family: inherit;"><span style="color: #111111; line-height: 19.5px;">This is a bullish </span>continuation pattern<span style="color: #111111; line-height: 19.5px;"> where the upward trend has paused, and traded down, but will continue in an upward direction upon the completion of the pattern. This pattern can range from several months to a year, but its general form remains the same. </span><span style="color: #111111; line-height: 19.5px;">The construct of the cup itself is also important: it should be a nicely rounded formation, similar to a semi-circle. The reason is that a cup-and-handle pattern is a signal of consolidation within a trend.</span></span></div>
<div>
<span style="font-family: inherit;"><span style="color: #111111;"><span style="line-height: 19.5px;"></span></span></span><br />
<span style="font-family: inherit;"><span style="color: #111111;"><span style="line-height: 19.5px;"></span></span></span></div>
<div>
<span style="font-family: inherit;"><span style="color: #111111;"><span style="line-height: 19.5px;">Keep an Eye !</span></span></span></div>
<div>
<span style="font-family: inherit;"><span style="color: #111111;"><span style="line-height: 19.5px;">SHEKHAR</span></span></span></div>
<div>
<span style="font-family: inherit;"><span style="color: #111111;"><span style="line-height: 19.5px;"><br /></span></span></span></div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-42671058806112422612013-09-30T10:07:00.000+05:302013-09-30T10:07:13.937+05:30RELIANCE INDUSTRIES<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-YnJ9qa1xWXs/Ukj_XIhUr1I/AAAAAAAAAYE/3qaG7VY3JD0/s1600/Reliance+Industries.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="237" src="http://1.bp.blogspot.com/-YnJ9qa1xWXs/Ukj_XIhUr1I/AAAAAAAAAYE/3qaG7VY3JD0/s320/Reliance+Industries.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Reliance Industires </td></tr>
</tbody></table>
Reliance Industries Weekly Chart Sept. 27, 2013<br />
Symetrical Triangle. Keep an Eye on the Beakout it may give nice move upto 1647.<br />
Please note Chart is weekly and It may take months to give a BO and my take is Once Nifty bottoms out Reliance will lead the Charge in new Rally<br />
Happy Trading !<br />
SHEKHAR<br />
<br /></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-73036624161860869502013-08-28T10:41:00.000+05:302013-08-28T10:48:34.697+05:30Nifty Alternate Bullish Count<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-PofaG0AZoP0/Uh2GQvWGatI/AAAAAAAAAXw/ye4g2mN7gWY/s1600/NIFTY+WEEKLY+LEADING+DIAGONAL++AUG+28.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="154" src="http://3.bp.blogspot.com/-PofaG0AZoP0/Uh2GQvWGatI/AAAAAAAAAXw/ye4g2mN7gWY/s320/NIFTY+WEEKLY+LEADING+DIAGONAL++AUG+28.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY LEADING DIAGONAL</td></tr>
</tbody></table>
This a possible alternate count which starts from lows of 4538 wave 1 being a Leading diagonal now W2 running c = 1.62 * a = 5011. <br />
<br />
Although corrections in wave 2 after Leading diagonals are deep and can retrace upto 80% 4875 approx. 5172 is 61.8% retrace it may also hold by the close of the day one needs to keep an eye on it.<br />
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<br />
Happy Trading !<br />
SHEKHAR<br />
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</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com6tag:blogger.com,1999:blog-2603739344445804440.post-61828682392525625072013-08-23T12:52:00.001+05:302013-08-23T13:18:10.916+05:30USDINR: Has Rupee Bottomed Out ?<div dir="ltr" style="text-align: left;" trbidi="on">
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<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-xinbccdMyBY/UhcRvvPryvI/AAAAAAAAAXg/hXAxwlBDNZc/s1600/USDINR+weekly++AUG+23,+2013.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="156" src="http://3.bp.blogspot.com/-xinbccdMyBY/UhcRvvPryvI/AAAAAAAAAXg/hXAxwlBDNZc/s320/USDINR+weekly++AUG+23,+2013.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">USDINR WEEKLY CHART</td></tr>
</tbody></table>
Startng from lows of Aug 2007 at 39.06
wave 3 is nearing completion, if it happens to be a normal wave
i.e. 161.8% of w1. <br />
<br />
<div style="margin-bottom: 0in;">
The wave 3 in the weekly chart can be still shown as incomplete (if we go by the form i.e. looking for 5 waves within wave 3 with 3(iv) and 3(v) yet to be done) it would be suggestive of greater weakness in the rupee. For the present I am assuming that W3 is likely to close nearer to 161.8 of W1 on weekly chart, and discarding the form. We can see a slow and grinding larger wave 4 recovering upto Rs 57.</div>
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<br />The internal strucutre as seen in hourly chart shows that there is still a small upmove pending and which is likely close around 67. Expect a mild recovery closer to 63.08 - 62.33 ranges and a final push to 66-67 before a decent recovery in Rupee begins. <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-kVOEt6N-yW8/UhcNXbBQ7yI/AAAAAAAAAXU/nYv4rQVMij0/s1600/USDINR+HRLY++AUG+23,+2013.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="156" src="http://4.bp.blogspot.com/-kVOEt6N-yW8/UhcNXbBQ7yI/AAAAAAAAAXU/nYv4rQVMij0/s320/USDINR+HRLY++AUG+23,+2013.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">USDINR HOURLY CHART</td></tr>
</tbody></table>
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RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-64033678775695162092013-08-06T10:50:00.004+05:302013-08-06T10:57:34.856+05:30NIFTY UPDATE<div dir="ltr" style="text-align: left;" trbidi="on">
Wave 3 (1) down is about to end.<br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-x1PoqX-gLaI/UgCHizBKzDI/AAAAAAAAAW4/f_tQoy1flYg/s1600/Nifty+Aug+06+2013.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://4.bp.blogspot.com/-x1PoqX-gLaI/UgCHizBKzDI/AAAAAAAAAW4/f_tQoy1flYg/s320/Nifty+Aug+06+2013.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY HOURLY CHART</td></tr>
</tbody></table>
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RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com1tag:blogger.com,1999:blog-2603739344445804440.post-73749821566639102092013-07-26T09:00:00.001+05:302013-07-26T10:02:08.997+05:30NIFTY UPDATE<div dir="ltr" style="text-align: left;" trbidi="on">
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<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-WzSJ3Som02s/UfH7sGl2mlI/AAAAAAAAAWg/Jv0OVFSSC00/s1600/ED++&+Trianlge+in+NIFTY.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="166" src="http://1.bp.blogspot.com/-WzSJ3Som02s/UfH7sGl2mlI/AAAAAAAAAWg/Jv0OVFSSC00/s320/ED++&+Trianlge+in+NIFTY.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY<br /></td></tr>
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RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-75836990053529574442013-07-12T10:14:00.006+05:302013-07-13T20:44:41.189+05:30Nifty Update<div dir="ltr" style="text-align: left;" trbidi="on">
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As of now it seems Tgt for Nifty could be 6079. Chart is self explanotary.<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-LkLfrCc2rZg/UeFupKReKII/AAAAAAAAAV0/RfrYWajyMZM/s1600/Nifty+Trianlge.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="221" src="http://2.bp.blogspot.com/-LkLfrCc2rZg/UeFupKReKII/AAAAAAAAAV0/RfrYWajyMZM/s400/Nifty+Trianlge.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY<br /></td></tr>
</tbody></table>
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RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0tag:blogger.com,1999:blog-2603739344445804440.post-51785754173755343062013-06-21T20:06:00.000+05:302013-06-22T08:09:15.162+05:30NIFTY DOWN TREND STARTED<div dir="ltr" style="text-align: left;" trbidi="on">
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<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-yXmUrnQ-d7Q/UcULpCTcy6I/AAAAAAAAAUM/8yQRSC6bwLQ/s1600/NIFTY+JUNE+21,+2013+WEEKLY+.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="167" src="http://4.bp.blogspot.com/-yXmUrnQ-d7Q/UcULpCTcy6I/AAAAAAAAAUM/8yQRSC6bwLQ/s320/NIFTY+JUNE+21,+2013+WEEKLY+.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY WEEKLY CHART</td></tr>
</tbody></table>
It appears that Nifty has completed c of wave B at 6233 and down trend has started we get a confirmation below 5476.<br />
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This down trend starting from 6233 will be in 5 waves.<br />
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This first set of 5 wave (forming wave 1 of C) is likely to end at 5529 as per golden ratio, if we go down further into the internals of wave 5 it suggests end point closer to 5555. So for now I anticipate fall to stop in the range of <b>5555-5529</b><br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-AEnCcL4rTGU/UcULs7tOdZI/AAAAAAAAAUU/kIczr8gFb4Y/s1600/NIFTY+JUNE+21,+2013.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="171" src="http://4.bp.blogspot.com/-AEnCcL4rTGU/UcULs7tOdZI/AAAAAAAAAUU/kIczr8gFb4Y/s320/NIFTY+JUNE+21,+2013.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY EOD CHART</td></tr>
</tbody></table>
There is an outside chance of taking out the previous low of 5476 as wave three was little less than normal- wave 5 could extend, to confirm the downtrend.<br />
<br />
For now wait for a 3 wave up-move to initiate fresh shorts for big gains. If one can manage to trade, upmove of 300-400 pts is on cards.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
Tentative Road Map for wave C<b> 6233 > 5529 > 5961 > 4820 > 5250 > 4382</b> necessary correction will be made as we move along and waves unfold themselves.<br />
<br />
Happy Trading !<br />
SHEKHAR<br />
<br />
<br /></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com1tag:blogger.com,1999:blog-2603739344445804440.post-16785512193317350822013-05-04T17:05:00.001+05:302013-05-04T17:25:52.855+05:30NIFTY WAY FORWARD<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-mJsAAAOl7Rc/UYTxmxUuj1I/AAAAAAAAASs/_onw0QviHNY/s1600/NIFTY+MAY+04,+2013+++WAY+FORWARD.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="168" src="http://2.bp.blogspot.com/-mJsAAAOl7Rc/UYTxmxUuj1I/AAAAAAAAASs/_onw0QviHNY/s320/NIFTY+MAY+04,+2013+++WAY+FORWARD.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY MEDIUM TERM VIEW</td></tr>
</tbody></table>
<br />
<div style="margin-bottom: 0in;">
I had posted a count on Nifty in July
12 and next in Dec 12, I feel that bearish count is still valid
and nothing has changed since.</div>
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<br /></div>
<div style="margin-bottom: 0in;">
The downmove which started from 6115 in
the end of Jan 2013 and reached the low of 5476 has
</div>
<div style="margin-bottom: 0in;">
negated any bullish count starting from
the lows 4534 in oct 2011, we can't label it as impulsive wave,
simply because of the overlap, unless of course the 3<sup>rd</sup>
wave itself is subdividing and we are witnessing the 3<sup>rd</sup>
of 3<sup>rd</sup> which implies super bullish trend.</div>
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<br /></div>
<div style="margin-bottom: 0in;">
For now, I am still taking this upmove
as 'abc' of wave B starting from the Low of 4534, hence 138.2% of
wave 'a' comes to 6278 and golden ratio target for internal wave 5
of wave 'c' comes to 6312 , which also happens to be a channel TGT. </div>
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<br /></div>
<div style="margin-bottom: 0in;">
<b>6278-6312</b> zone should be the end point of this upmove the whole
correction ABC for the move starting from the low of Oct 2008 may
turnout to be a Flat Correction, ending somewhere close to previous
low of 4534.</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
SHEKHAR</div>
<div style="margin-bottom: 0in;">
Happy Trading!</div>
</div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com1tag:blogger.com,1999:blog-2603739344445804440.post-47018830428977001852013-03-03T09:59:00.000+05:302013-03-03T19:05:18.856+05:30HCLTECH UPMOVE DONE !<div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-DBT48ommbMM/UTLQoBV0OII/AAAAAAAAASY/_SUYCi6hjio/s1600/HCLTech+March+02,+13.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="185" src="http://4.bp.blogspot.com/-DBT48ommbMM/UTLQoBV0OII/AAAAAAAAASY/_SUYCi6hjio/s320/HCLTech+March+02,+13.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">HCLTECH EOD CHART </td></tr>
</tbody></table>
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<b>A five wave move seems to have ended.</b></div>
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The five waves are in the following
ratio</div>
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<br /></div>
<div style="margin-bottom: 0in;">
W2 retraced about 80% of the W1
followed by W3 which went tad higher than 1.618% of W1 and W4
retraced 38.2% of W3. Wave 5 is an extended wave and the possible
targets are 718 > >757 >>781.</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
Now take a look at internal wave
structure of W5
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<br /></div>
<div style="margin-bottom: 0in;">
W (ii) retraced 61.8% of the previous
move and followed by the massive W(iii) which extended close to 400%
the next wave W(iv) retraced merely 23% of W(iii). All these
move gives us possible end point of W (v) as 731 at 261.8% of
W(i) or at <b>736.5</b> if taken as per golden ratio.</div>
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<br /></div>
<div style="margin-bottom: 0in;">
<b>Woila !</b> Present move seems to
have met resistance at 736.6 for now.</div>
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<br /></div>
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W 5 is an extended wave hence we should
get a fast retracement, taking the price close to 500 ! </div>
<div style="margin-bottom: 0in;">
<br /></div>
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Happy Trading !</div>
<div style="margin-bottom: 0in;">
SHEKHAR</div>
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RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com6tag:blogger.com,1999:blog-2603739344445804440.post-79399538667054164952013-01-17T19:26:00.000+05:302013-01-17T19:58:16.143+05:30BHARTI AIRTEL <div dir="ltr" style="text-align: left;" trbidi="on">
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-eopIH_pZ8P4/UPgEl07hCmI/AAAAAAAAASA/VgDiCWGAWjg/s1600/Bharti+Airtel++17+Jan+2013++EOD.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="169" src="http://4.bp.blogspot.com/-eopIH_pZ8P4/UPgEl07hCmI/AAAAAAAAASA/VgDiCWGAWjg/s320/Bharti+Airtel++17+Jan+2013++EOD.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Bharti Airtel EOD Chart</td></tr>
</tbody></table>
<b>For Positional Longs wait for correction.</b><br />
This is an EOD chart for Bharti ARTL, which clearly shows a five wave move past the reflex point is about to end. The estimated end point for wave 5 comes to 360.85, and we can now look for 3 wave correction before we initiate positional Longs. Supposing it ends at given tgt we can expect 50% to 61.8% retracement i.e. look to buy in the range of 300 - 285.<br />
<br />
<b><br /></b>
<b>Here is a short Trade for short term</b><br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-DuefgCzLk2A/UPgEt4ZMndI/AAAAAAAAASI/DZGJbO_Irt8/s1600/Bharti+Airtel++17+Jan+2013+HRLY.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="168" src="http://3.bp.blogspot.com/-DuefgCzLk2A/UPgEt4ZMndI/AAAAAAAAASI/DZGJbO_Irt8/s320/Bharti+Airtel++17+Jan+2013+HRLY.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Bharti Airtel Hourly Chart</td></tr>
</tbody></table>
Here is a Hrly chart depicting the internal wave structure of the wave 5<br />
w ii is almost 78% of w i<br />
w iii is 161.8% of w i<br />
w iv is 38.2% of w 3<br />
A normal wave should have ended at 345 approx. Here w v has started expanding and the possible TGT could be 359.5 at 100% from there we can expect fast retracement into the range of 329 -326.<br />
<br />
If we go deeper into the sub wave and take the emerging ratios likely projected end is close to 361. Hence from the above three we can safely assume that there is a very good chance for a low risk short entry close to 360 with minimum stoploss and tgt could be 329-326 and then may be 300-285<br />
<br />
Keep in mind wave 5's can keep expanding, we only know after the end of it.<br />
<br />
Happy Trading !<br />
SHEKHAR<br />
<br />
<br />
<br />
<br />
<br /></div>
RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com5tag:blogger.com,1999:blog-2603739344445804440.post-38649614256259340652012-11-04T13:02:00.003+05:302012-11-04T13:09:16.197+05:30Nifty 6100<div dir="ltr" style="text-align: left;" trbidi="on">
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-7z59nYqeX7I/UJYYxvxRxKI/AAAAAAAAARM/3US55cqs9bA/s1600/Nifty+6100+Nov+03.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="174" src="http://1.bp.blogspot.com/-7z59nYqeX7I/UJYYxvxRxKI/AAAAAAAAARM/3US55cqs9bA/s320/Nifty+6100+Nov+03.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">NIFTY DAILY CHART NOV 02, 2012<br />
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<span style="text-align: left;"><br /></span></div>
<div style="text-align: center;">
<span style="text-align: left;"><span style="font-size: small;">Moving past 5851 confirms the direction and below 5600 negates the view for the time being.</span></span></div>
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RainMakerhttp://www.blogger.com/profile/12394857108030774915noreply@blogger.com0