Is Biocon nearing bottom for medium term ?

Weekly Chart

• After making a high of 550 in July 2014, Biocon has been under performer since then.
• Since completion of Wave 3 in Primary degree, stock has been in zig-zag corrective nature in the form of Wave 4 on weekly charts
• Wave 4 is in the process of completion near _ _ _ levels. But still confirmation is required with favorable Risk/Reward for trade setup.
• The shorter time from counts with other tools is required to confirm the reversal of trend.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying basic concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense to optimize your investment and trading decisions contact on:

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

CESC perfectly following Channeling Pattern - What Next ? (Update)

 Daily Chart

CESC following perfectly following channel and trendline. Some time simple tools If applied in a right manner can indicate the direction of the trend.

Trendline, Channel and RSI indicated the prevailing trend. Applying simple tools along with advanced like Elliot Wave counts both for short and long term will assist timing the entry and exit which in turn will provide favorable risk/reward setups.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

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

Daily Chart

                                                                    Weekly Chart

• After making a high of 825 in September Calcutta Electrical (CESC) has been trading ina down trending channel.
• The stock now is near channel resistance of the upper end on daily charts as shown above trying to breakout.
• On weekly charts stock has completed its Wave 3 of primary degree near 827, which is also 361.8% of Wave 1 and now in Wave 4 of corrective move in a zig-zag pattern.
• The completion Wave 4 can trigger start of Wave 5 on the upside.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying basic concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense to optimize your investment and trading decisions contact on:

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

NIFTY in triangular pattern formation - What can be next big move ?

Daily Chart

The anticipated rally fueled with spontaneous move of +132.45 to 8255 (fut) NIFTY. The update on NIFTY path ahead using daily chart Wave C of 4 forming triangular pattern.

After biggest fall in 65 months of 250+ points, yesterday NIFTY consolidated and again today gaped up closing strong with 132 points. Its hard to trade and change direction in these kind of volatile markets. But combination of Elliot Wave Analysis, Fibonacci clusters, Pattern analysis & other indicators can guide us almost precisely to predict the swings in volatile markets. The key support and resistance levels to watch out for:

R - 8293/8340

S - 8192/8096

What can be next move ahead ? Either way breakout can give a big move ahead ....

Warning: This is just an educational view. Consult your personal financial adviser before committing any capital. 

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying basic concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense to optimize your investment and trading decisions contact on:

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

     

To swing your fortune higher join us and be ahead to track market turns ....

Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets

NIFTY Elliot Wave Counts - near term bounce expected

The anticipated rally fueled with spontaneous move of +132.45 to 8255 (fut) NIFTY. The update on NIFTY path ahead using daily chart Wave C of 4 forming triangular pattern. What can be next move ahead ?

                                         
                                                                          NIFTY Chart

NIFTY completes Wave 1 (C) retracing 0.764 near 8065 - 8070 yesterday. Looks likely for a bounce up to 8220/8290 in the form of Wave 2 (C) up.

Warning: This is just an educational view. Consult your personal financial adviser before committing any capital. 

Raju V Angadi

Equity Research Analyst

Learn simplified objective approach applying basic concepts of technical with some common sense to optimize your investment and trading decisions contact on:

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

     

To swing your fortune higher join us and be ahead to track market turns ....

Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets

NIFTY near term analysis with EW Counts (Update)

NIFTY cracks 150 points after unable cross resistance 8462 (8412 Spot) on closing basis (http://swing-research.blogspot.in/2014/12/nifty-bleeding-in-red-looks-oversold.html) as the move touching 23.4% suggested in one of our previous blog (16th December 2014) and reverting back forming lower top & RSI range shift. Any close with higher volumes today below 8310 could add more pain towards 8175/8008/7820 levels in coming sessions ahead.

Daily Chart

2 - Hour Chart

After completing a-b-c  in a 5 -3 - 5 (2 - hour chart) up of a wave B. Today's move confirms Wave C of Wave 4 (higher degree) has started with bang on weak global cues, which could again be 5 - Wave decline. 

Warning: This is just an educational view. Consult your personal financial adviser before committing any capital. 

Raju V Angadi

Equity Research Analyst

Learn simplified objective approach applying basic concepts of technical with some common sense to optimize your investment and trading decisions contact on:

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

     

To swing your fortune higher join us and be ahead to track market turns ....

Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets