Wednesday, September 30, 2015

SEP 30: Buy NIFTY at 7895 sl 7880 target 7920


SEP30 BUY Bharti airtel at 330 sl 321 target 350 positional for 5 days


Sep 30 - BhartiARTL ( Bharti Airtel ) Daily Elliott wave analysis.
Segment - Cash or Equity
Analysis : Bharti Aitel was going through a 5 wave correction in Daily chart and it recently it completed the 5th wave with divergence on MACD and RSI. This confirm a upside will be formed with ABC pattern. Currently A will started as it moved today with 4%.

Short term for next 5 days  BUY Bharti Airtel at 330 SL 321
Target : 350



1 Oct 2015 - Bharti Airtel Elliott wave analysis
5m chart
(iii) of A almost done at 340 and fallback till 332 to re entry or book if you like as it is a three day holiday.






Monday, September 14, 2015

NIFTY - Sep 14 : BUY 7806 spot price Target 7845 INTRADAY

NIFTY - Sep 14 : BUY 7806 spot price Target 7845 INTRADAY

Reason for buy - Trend line break with volume(big positive candle)

Friday, September 11, 2015

INTRADAY SHORT for Sunpharma

INTRADAY SHORT for Sunpharma

Negative divergence at R1

Short at 846 sl 853 target 837 -> cash price


NIFTY Elliot Wave Sep 11 - 300 up Points coming in near future



Sep11 :Nifty in positive mode
Segment:CASH - Nifty Spot
Analysis: Its seems nifty and banknifty will make a recover in coming days with nifty reaching to level of 8000. 5th wave down movement has halted and a new ABC pattern should start.

For today's first session, it failed to across neckline of head and shoulder pattern which is formed at 3min chart.
For non-risky buyers...wait till it breakout neckline at 7850 spot price. Target will be 7850+320 points.

2nd session I see further fall and then sudden rise after 2pm to 3:30 due to profit booking in short positions.




Axis Bank Hourly Elliott wave analysis with divergence MACD pattern - Sep 11

Sep 11 - Axis Bank Hourly Elliott wave analysis.
Segment - Cash or Equity
Analysis : Axis bank was going through a 5 wave correction in hourly chart and it recently it completed the 5th wave with divergence on MACD and RSI. This confirm a upside will be formed with ABC pattern. Currently A is progress.

Medium term for next 20 days  BUY Axis bank at 480-485 SL 450 ( ideal buy will at B as it can trigger SL 450 - Middle fork should be the entry point)
Target : 510 550