Pharma Index - Will the out performance to continue in medium term ?

                                
                                                                    Weekly Chart



After stellar outperformance for 5 odd years pharma sector has been subdued from past 10 months
The Index forming a flat 3-3-5 corrective pattern on the verge of completion

Can the Index regain charm in the medium term coming months ahead to attain fresh highs in the form of wave 5 up ?

Stocks to watch out:

Lupin & Cipla

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

PSU Bank Index - Medium term Outlook, Could fortunes revive in 2016 ?

                                                     PSU Bank Index Weekly Chart




Bang !!! Bang !!! PSU Banks butchered literally ....
Is this the time to be Buying PSU Banks selectively or still more pain left is the question ?

Sentimentally it has been fed to public that PSU Banks will vanish and will not exist in future?

Technically .... What are charts suggesting in PSU Bank Index ???

Today index on daily chart is forming an hammer pattern .... The closer of pattern indicates the halt of down trend ....

The Wave counts hold true we might have a stellar short covering even on worst case scenario and the best case scenario would be  start of mother of Bull run of Wave III ....

Keep fingers crossed wait for confirmation and be in selective stocks is the key .....

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

Is India Story over so early ? Midcap Index Outlook ?

                                                        Midcap Index Weekly Chart




People have extreme sentimental bias when in panic crowd think its end and history has proved selling climaxes happen
Is the Indian growth and midcap story over ???
What about the crude advantage and India's demographics?
A Head & Shoulder in Midcap Index is forming .... Still a neckline not broken

Corrections are part of rallies and is shown that bull market corrections are swift ....

What does wave counts suggesting ???

We are in larger degree Wave III of Wave 3 of (3) of 1 of (iv) ....

In short we could be in wave 4 correction .... What next ?

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

NIFTY - Are we seeing a Selling Climax?

                                                                       
                                                                   Daily Chart

Weekly Chart 

Interesting times scary environment are we heading much lower in Indian Equities or are we nearing bottom ???

Our previous update on NIFTY as per wave counts was 7th December on NIFTY
As we are in a correction of complex nature of W-X-Y-X-Z
It could well be a selling climax today
This week we could see more final pain in place



The question is we would make fresh highs this year or are we heading lower ??? Or would we cross 8500 atleast ???

The answer to the question is Wave counts suggesting Indian Equities we may hit fresh highs this year .... 

The key supports would be 7422 / 7386/7225

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

Aurbindo Pharma - Rising Wedge Pattern (Bang on !!! Banged) Update ....

Aurbindo Pharma Bang on Banged !!! 

                                                               Weekly Chart

After completion of Ending Diagonal pattern stock falls swiftly losing 25+% in mere 1.5 months from 825 odd levels now below 600 levels ...

 This is one of the classical examples of serious implications of a spontaneous moves after the completion of ending diagonal ... 

Crude Oil is forming one of such pattern recently .... So What is in store for Crude Oil next .....

 

But timing is vital to short trades particularly ...

To Know more above next big move in Equity, Commodity & Currency Markets where the next swing move lies & 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 

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

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900

                                                                  Daily Chart

Auro Pharma has been a stellar out performer from past 2 years

The stock has given its investors dream Bull run from 80 odd levels to 900 odd levels

As there is a Quote "For Every thing there is an end in the this world"

The Question is  are we nearing the End ??

Trading Patterns is suggesting we may be nearing the end or else at least a correction in the stock may trigger

The counter is in the process of forming a ending diagonal and Evening star pattern on charts

Yet to confirm below 13-WMA and lower supports 818 - 790 could trigger a swift sell off ...

But timing is vital to short particularly ...

"The Whole purpose of Education is to turn mirrors into Windows" ....

- Sydney J. Haris

To Know more above next big move in Equity, Commodity & Currency Markets where the next swing move lies & 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 Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900