Tuesday, August 11, 2009

Nifty Expanding Triangle - Target 4057




wave A 4509-4092 = 417< wave B 4693-4092 = 601 < wave C 4693-3918 = 675 < wave D 4731- 3918 = 813 . This is a horizontal expanding triangle which will be completed with E wave completion , Now E wave does breach the AC trendline but the minimum target is 4057 which comes after some complex calculations , I have also tried to check the time frame of this E wave which comes as 23 days ie 31 st of Aug, This is also a complex calculation no need to specify here ( time frame can vary as it is only for study purpose ). E wave can be a very complex and voilent n may form a zigzag pattern

Tuesday, July 28, 2009

CNX IT Index




A perfect Cup with Handle breakout ....already 43% target achieved of cup length ..chart says all :)

Sesa Goa




Still in a very healthy upmove .....may not fall but correct sideways till 200 ....Looks like bull have already begun in this stock ....

SBI



Can fall heavily below 1670 -1635 lvl to complete E wave ...resistance around 1740

SAIL



Major resistance are 181-184-187 now ...buy above these lvls only .....

Reliance Industries Ltd




Free Fall below 1900-1870 ....below My target is 1605

ONGC




On verge of cup with handle breakout .....so watch out for the closing above 1110..if sustains above for a week or so My target is 1450 ...below 1070 it might show a down movement upto 950