Wednesday, 4 November 2015

Bang On !!!! Banged !!!! Dr. Reddy - Double top pattern in Place indicating Exhaustion near term uptrend ? (Update)



                                                                 Daily Chart


Dr. Reddy cracks power of Wave counts &  pattern .... It is also important to time the entry with appropriate Risk/Reward ratio....

Stock down 14% and 4100 PE up 1130% from Rs. 28 to Rs. 450.
                 
                                                                 
Raju V Angadi Vishwanath, B.E., MS, CMT
Equity Technical Analyst


To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions attend our next workshop ...

For Workshops on Technical Analysis & Financial Markets Contact on:

 rvangadi@googlemail.com (or) +91 78291 55900



                                                                    Daily Chart

- Dr. Reddy makes a double top 4380
- Are we on a flat correction?
- Momentum indicator RSI showing first signs of weakness with negative divergence
- Power of pattern with wave counts

 Always it is vital to identify early to manage risk reward ratio.

Swing Trading is all about waiting for the right trade set up in your kitty while defending your capital ...

To Know more detailed Elliot Wave Counts and where probably markets are heading towards long,  intermediate and short term levels and which sectors to be in, educate yourself  with us from simple to advanced concepts contact us.




Raju V Angadi Vishwanath, B.E., MS, CMT
Equity Technical Analyst

"The purpose od  Education is to replace an empty mind with an open one ....

- Malcolm Forbes

 

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions attend our next workshop ...

For Workshops on Technical Analysis & Financial Markets Contact on:

 rvangadi@googlemail.com (or) +91 78291 55900

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