Doomed !!! CNX IT - In Coil Pattern what next ? (Updated)

CNX IT cracks from 11600 to 11060 odd levels ....

Index heavy weights TCS & Infosys are major culprits in fall contributing to depriciation of Indices ..

To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets are heading towards long,  medium and short term levels and which sectors to be in, educate yourself  with us from simple to advanced technical analysis concepts For Workshops on Technical Analysis & Financial Markets Contact Us

Raju V Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900

 

                                                                             Daily Chart


- CNX IT in a symmetrical triangle
- Which way can it breakout ?

S - 11200/10750
R - 11590/11800/12000

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

"Education is the movement from darkness to light ...." 

- Allan Boom

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 ...

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

NIFTY roadmap ahead - Bhiar Election results or Objectivity?

                                                                   
                                                            Weekly Chart

- NIFTY after making a high 9119 have been on corrective from February 2015
- Its been 8 months we are into consolidation phase
- Seems to be we are in Wave 4 correction of a 5-wave advance
- Can Bihar elections be the trigger to pull the index up or still some time left?
- Before a meaning full correction still NIFTY is having a potential to test 10000+ levels

But timing is crucial .... Its vital to trade objectively .... Identification of key reversal points with risk management techniques will assist in attaining consistency .....

Corrective moves are frustrating and hard to trade by where people lose money ....

Scenario:

Case 1:
NIFTY hold support 7970 can start rally back towards 8400+ levels

Case 2:
NIFTY breaks 7970 panic selling may emerge and 7690 can be visited .. worst case can test 7450 levels

Key Support      :   7970 - 7820 - 7690 - 7446
Key Resistance :   8140 - 8200 - 8250 > 8340 - 8400 - 8630


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

"An investment in knowledge pays best interest ...." 

- Benjamin Franklin

 

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

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