Monday, September 8, 2014
Sunday, August 31, 2014
Monday, August 18, 2014
Chart Analysis for 18 Aug - UCO Bank, Ambuja Cement, L&TFH and Tata Global
UCOBANK:
+ww triggered in 60 mins chart at 92.25. 1-4 target line is at 115 and Min tgt is 100. SL is close below 92.25 on 60 min closing basis.
Tata Global
Triangle has formed in 60mins chart.
Buy above 153.75, T1 159.25, T2 168, SL 151
Sell below 149.80, T1 144.30, T2 135.35, SL 152.55
L&TFH:
Falling Wedge has formed in 60mins chart.
Buy above 66.40, T1 69, T2 73.2, SL 65.10
Ambuja Cement:
2 Triangles has formed in 60mins chart.
Buy above 208.70, T1 212.90, T2 219.75, SL 206.60 (T1 already achived)
Sell below 202.70, T1 198.50, T2 191.65, SL 204.80
Buy above 214.50, T1 230.50, T2 255.70, SL 206.60
Sell below 202.70, T1 186.95, T2 161.50, SL 210.55
Saturday, August 16, 2014
Chart Analysis for 18 Aug - NickelM, ZincM, SilverM & GoldM
It has formed +WW pattern and triggered in 60Mins chart.
Buy above 1126 (2 60mins closing basis), Tgt 1185, SL close below 1126 (60 Mins closing basis)
Silver Mini (CMP - 43322):
It has formed Bullish Butterfly pattern in 60Mins chart.Buy above 43328, T1 43427, T2 44070, T3 44340, SL below 43080
Zinc Mini (CMP - 138.20):
It has formed +WW pattern and yet to trigger in 60Mins chart.
Buy above 139.30 (2 60mins closing basis), Tgt 144.60, SL close below 139.30 (60 Mins closing basis)
Gold Mini (CMP - 28489):
It has formed +WW pattern and triggered in 60Mins chart.
Buy above 28400, Tgt 28700, SL close below 28400 (60 Mins closing basis)
Wednesday, July 30, 2014
Chart Analysis for 30 July - Nifty, Voltas and Tata Steel
Nifty:
In 15 mins chart, below patterns are either triggered or formed. Lets take a look at them one by one:
Bear Flag (Green parallel lines): Nifty has triggered bear flag in 15 mins chart below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger. Till now T1 is almost achieved. In the last hours of market, SL was still saved from the spike.
HNS (Blue Dashed Line): Nifty has triggered HNS in 15 mins chart below 7748 with T1 7696 and T2 7655 keeping SL at 7774 post trigger.
+WW (Dark Brown Lines): +WW pattern has formed but will trigger with 2 15 mins close above 7747,
with 1-4 target line may be at 7830+. SL will be close below 7747 in 15 mins post trigger
Voltas: :
Break down below 187.80, T1 184.10 and T2 178.15, keeping SL at 189.64
Break out above 189.90, T1 193.60 and T2 199.55, Keeping SL at 188.05
Tata Steel:
+WW Pattern: +WW pattern has formed but will trigger with 2 15 mins close above 551.20, with 1-4 target line may be at 572+. Min tgt may be 559.30. SL will be close below 551.20 (1-3-5 line) in 15 mins post trigger
Falling Wedge: TS is forming falling wedge in 15 mins chart. If resisted at 549-550, then we may see prices taking support near 535-540.
In 15 mins chart, below patterns are either triggered or formed. Lets take a look at them one by one:
Bear Flag (Green parallel lines): Nifty has triggered bear flag in 15 mins chart below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger. Till now T1 is almost achieved. In the last hours of market, SL was still saved from the spike.
HNS (Blue Dashed Line): Nifty has triggered HNS in 15 mins chart below 7748 with T1 7696 and T2 7655 keeping SL at 7774 post trigger.
+WW (Dark Brown Lines): +WW pattern has formed but will trigger with 2 15 mins close above 7747,
with 1-4 target line may be at 7830+. SL will be close below 7747 in 15 mins post trigger
Voltas: :
Break down below 187.80, T1 184.10 and T2 178.15, keeping SL at 189.64
Break out above 189.90, T1 193.60 and T2 199.55, Keeping SL at 188.05
Tata Steel:
+WW Pattern: +WW pattern has formed but will trigger with 2 15 mins close above 551.20, with 1-4 target line may be at 572+. Min tgt may be 559.30. SL will be close below 551.20 (1-3-5 line) in 15 mins post trigger
Falling Wedge: TS is forming falling wedge in 15 mins chart. If resisted at 549-550, then we may see prices taking support near 535-540.
Monday, July 28, 2014
Chart Analysis for 28 July - SBIN, IDFC, NIfty and GoldM
SBIN:
SBIN has formed +WW pattern and will trigger with the 2-60 Mins close above 2500 for the 1-4 target line at 2575+.
Min tgt will be 2542.
SL will be 60 mins close below 2500.
IDFC
IDFC has formed and triggered -WW pattern on day chart below 158.30 for the 1-4 target line at below 120.
Min tgt will be 146.20.
SL will be a day close above 158.30 (1-3-5 line).
Nifty:
Nifty is forming bear flag in 5/15/30 mins chart. This pattern will trigger below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger.(ignore tgts given in chart)
This pattern will get invalid above 7806-10
Nifty
Nifty has formed and triggered -WW pattern in 5 mins chart below 7792 for the 1-4 tgt line around 7750-40.SL will be 5 min close above 7792.
If Nifty goes below 7746-40 and takes U-turn, then +WW pattern may trigger (aprx above 7746), targetting 1-4 line aprox at 7810+. This is valid if nifyt do not go above recent high i.e 7800+ else tgts adn pattern may change
GoldM
GoldM has formed +WW pattern in daily chart and triggered above 27270 for the 1-4 target line at 33000+. SL will be a day close below 27270.
SBIN has formed +WW pattern and will trigger with the 2-60 Mins close above 2500 for the 1-4 target line at 2575+.
Min tgt will be 2542.
SL will be 60 mins close below 2500.
IDFC
IDFC has formed and triggered -WW pattern on day chart below 158.30 for the 1-4 target line at below 120.
Min tgt will be 146.20.
SL will be a day close above 158.30 (1-3-5 line).
Nifty:
Nifty is forming bear flag in 5/15/30 mins chart. This pattern will trigger below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger.(ignore tgts given in chart)
This pattern will get invalid above 7806-10
Nifty
Nifty has formed and triggered -WW pattern in 5 mins chart below 7792 for the 1-4 tgt line around 7750-40.SL will be 5 min close above 7792.
If Nifty goes below 7746-40 and takes U-turn, then +WW pattern may trigger (aprx above 7746), targetting 1-4 line aprox at 7810+. This is valid if nifyt do not go above recent high i.e 7800+ else tgts adn pattern may change
GoldM
GoldM has formed +WW pattern in daily chart and triggered above 27270 for the 1-4 target line at 33000+. SL will be a day close below 27270.
Wednesday, July 9, 2014
Chart Analysis for 9 July - RCOM and TISCO
RCOM - +WW Pattern Formed and pending for trigger
Break out above 140.80, T1 146.60 and T2 156.15, keeping SL at 137.85
TS - 1 Hr => Triangle Breakdown
Break down below 533.25, T1 488.80 and T2 416.85, keeping SL at 555.50
EW: as per EW:
A 580 512
B 512 550
C 550 xxxx, if A=C, then XXXX might end at 482
Break out above 140.80, T1 146.60 and T2 156.15, keeping SL at 137.85
Break down below 533.25, T1 488.80 and T2 416.85, keeping SL at 555.50
EW: as per EW:
A 580 512
B 512 550
C 550 xxxx, if A=C, then XXXX might end at 482
Monday, July 7, 2014
Monday, June 9, 2014
Chart Analysis - RCOM, Nifty, Wipro and Bhel
RCOM - 1 Hr - Triangle
Buy above 145.60, T1 150.95, T2 159.60, SL at 142.90
RCOM - 1 Hr - Rising Wedge
Buy above 154.70, T1 156, T2 158.15, SL at 154
Sell below 151.05, T1 149.70, T2 147.60, SL at 151.70
Nifty - 60 mins - Triangle
Buy above 7425, T1 7608.50, T2 7905, SL at 7333.20
Wipro - 15 mins - Triangle
Buy above 504 (triggered), T1 525.30, T2 560, SL at 493.35
Bhel - 15 mins - Triangle
Buy above 249.50 (triggered), T1 256.75 (done), T2 268.50, SL at 245.90
Bhel - 15 mins - Rectangle:
Buy above 264.85, T1 274, T2 289, SL at 260.20
Buy above 145.60, T1 150.95, T2 159.60, SL at 142.90
RCOM - 1 Hr - Rising Wedge
Buy above 154.70, T1 156, T2 158.15, SL at 154
Sell below 151.05, T1 149.70, T2 147.60, SL at 151.70
Nifty - 60 mins - Triangle
Buy above 7425, T1 7608.50, T2 7905, SL at 7333.20
Wipro - 15 mins - Triangle
Buy above 504 (triggered), T1 525.30, T2 560, SL at 493.35
Bhel - 15 mins - Triangle
Buy above 249.50 (triggered), T1 256.75 (done), T2 268.50, SL at 245.90
Bhel - 15 mins - Rectangle:
Buy above 264.85, T1 274, T2 289, SL at 260.20
Wednesday, June 4, 2014
Friday, May 30, 2014
Wednesday, May 28, 2014
Tuesday, May 27, 2014
Probable EW Counts of Nifty and Tisco
Nifty 5 Mins EW:
Now with the fall it is clear that corrective B is completed at 7504.So.
A 7563 - 7131;
B 7131 - 7504
Now, C has started from 7504. This big C wave direction will be down and should be in 5 waves, wherein 3rd wave can sub-divide.
As of now, it looks like below:
1 7504.00 7478.80 (25.20)
2 7478.80 7495.90 (17.10)
(i) 7495.90 7449.35 (46.55)
(ii) 7449.35 7483.30 (33.95)
(iii) 7483.30 7269.20 (214.10)
a.(iv) 7269.20 7370.95 (101.75) => This is in 5 waves
b.(iv) 7370.95 xxxx (follow retrace for the rise from 7260.20-7370.95. Since, corrective rise in 5 waves, then expect 80% retrace should not be breached.
7346.94, 7332.29, 7320.08, 7308.07, 7296.06, 7289.55
Imp Note: Prices having closed below DHEMA (7383), will try to target 7308-7320 (D5EMA, +20) which is also 61.80% retrace of the last rise from 7269 and +20 is 50%.
Trade Opportunity: One can go long at 7308 keeping 7289 (80%) as SL for the targets for min tgt of 7371 and then 7410 (a=c), thereafter 7472 (c=1.618*a)
Tata Steel: EW Counts
Now with the fall it is clear that corrective B is completed at 7504.So.
A 7563 - 7131;
B 7131 - 7504
Now, C has started from 7504. This big C wave direction will be down and should be in 5 waves, wherein 3rd wave can sub-divide.
As of now, it looks like below:
1 7504.00 7478.80 (25.20)
2 7478.80 7495.90 (17.10)
(i) 7495.90 7449.35 (46.55)
(ii) 7449.35 7483.30 (33.95)
(iii) 7483.30 7269.20 (214.10)
a.(iv) 7269.20 7370.95 (101.75) => This is in 5 waves
b.(iv) 7370.95 xxxx (follow retrace for the rise from 7260.20-7370.95. Since, corrective rise in 5 waves, then expect 80% retrace should not be breached.
7346.94, 7332.29, 7320.08, 7308.07, 7296.06, 7289.55
Imp Note: Prices having closed below DHEMA (7383), will try to target 7308-7320 (D5EMA, +20) which is also 61.80% retrace of the last rise from 7269 and +20 is 50%.
Trade Opportunity: One can go long at 7308 keeping 7289 (80%) as SL for the targets for min tgt of 7371 and then 7410 (a=c), thereafter 7472 (c=1.618*a)
Tata Steel: EW Counts
Monday, May 26, 2014
Chart Analysis - Tisco, RCOM, NIFTY, Wipro, Unitech
Wipro - 60 Mins - Triangle
Buy above 493, T1 502, T2 516.50, SL at 488.50
Sell Below 482, T1 473, T2 458.50, SL at 486.50
Unitech - 60 Mins - Rising Wedge
Sell below 29.35, t1 28.55, T2 27.25, SL at 29.75
TS - 60Min - Rising Wedge/Triangle
Buy above 483, T1 496.20, T2 517.55, SL at 476.40
Sell below 476, T1 462.80, T2 441.45, SL at 482.60
TS EW:
A 485.45 428 ()
a 428.00 474.35 (46.35) in 5 waves
b 474.35 457.30 (17.05)
B 457.30 xxxx.xx (should be in 5 waves)
xxxx may fall between 486 (min) < 503.65 (a=c) < 518.40 (c=1.31918*a) < 532.30 (c=1.618*a)
Nifty: 15 Mins - IHNS (marked in circles)- Update:
Nifty formed IHNS pattern above 7320 in 15 mins chart
Buy above 7320, T1 7377 (done), T2 7433 (which is near next higher low made before falling)
Keeping SL at 7291 (or last swing low)
Nifty: 15 Mins Neg WW
Neg WW trigerred while closing below 7377 continoulsy for 2 15 mins chart
Sell below 7377, T1 7334, T2 7264, SL 7399
EW:
From EW perspective, there are two scenarios and both leads to up move.
1. B of 2nd corrective wave in upward direction
2. 2 ended flat at 7207 and now big 3 is unfolding in up direction
Up direction should unfold in 5 wave structure starting from 6207 and probable counts could be:
1 7206.85 7319.45 (112.60)
2 7319.45 7259.80 (59.65)
(i).2 7259.80 7365.20 (105.40)
(ii).2 7365.20 7300.70 (64.50)
i 7300.70 7381.00 (80.30)
ii. 7381.00 xxxx
To know probable end of wave ii and value of xxxx follow the retrace for the the rise from 7300.70
to 7381 (as below)
7362.05, 7350.49, 7340.85, 7331.37, 7321.90, 7316.76
RCOM - 15 Mins - Triangle/Rising Wedge
Buy above 147.25, T1 148.90, T2 151.55, SL at 146.40
Sell below 144.20, T1 142.55, T2 139.90, SL at 145
RCOM - EW:
1 136.00 141.65 (5.65)
2 141.65 137.35 (4.30)
(i) 137.35 143.90 (8.95)
(ii) 143.90 140.45 (3.45)
(iii) 140.45 xxxx (xxxx = min 149.40 (140.45+(i)) OR 155 (1.618* (i))
Buy above 493, T1 502, T2 516.50, SL at 488.50
Sell Below 482, T1 473, T2 458.50, SL at 486.50
Unitech - 60 Mins - Rising Wedge
Sell below 29.35, t1 28.55, T2 27.25, SL at 29.75
TS - 60Min - Rising Wedge/Triangle
Buy above 483, T1 496.20, T2 517.55, SL at 476.40
Sell below 476, T1 462.80, T2 441.45, SL at 482.60
TS EW:
A 485.45 428 ()
a 428.00 474.35 (46.35) in 5 waves
b 474.35 457.30 (17.05)
B 457.30 xxxx.xx (should be in 5 waves)
xxxx may fall between 486 (min) < 503.65 (a=c) < 518.40 (c=1.31918*a) < 532.30 (c=1.618*a)
Nifty: 15 Mins - IHNS (marked in circles)- Update:
Nifty formed IHNS pattern above 7320 in 15 mins chart
Buy above 7320, T1 7377 (done), T2 7433 (which is near next higher low made before falling)
Keeping SL at 7291 (or last swing low)
Nifty: 15 Mins Neg WW
Neg WW trigerred while closing below 7377 continoulsy for 2 15 mins chart
Sell below 7377, T1 7334, T2 7264, SL 7399
EW:
From EW perspective, there are two scenarios and both leads to up move.
1. B of 2nd corrective wave in upward direction
2. 2 ended flat at 7207 and now big 3 is unfolding in up direction
Up direction should unfold in 5 wave structure starting from 6207 and probable counts could be:
1 7206.85 7319.45 (112.60)
2 7319.45 7259.80 (59.65)
(i).2 7259.80 7365.20 (105.40)
(ii).2 7365.20 7300.70 (64.50)
i 7300.70 7381.00 (80.30)
ii. 7381.00 xxxx
To know probable end of wave ii and value of xxxx follow the retrace for the the rise from 7300.70
to 7381 (as below)
7362.05, 7350.49, 7340.85, 7331.37, 7321.90, 7316.76
RCOM - 15 Mins - Triangle/Rising Wedge
Buy above 147.25, T1 148.90, T2 151.55, SL at 146.40
Sell below 144.20, T1 142.55, T2 139.90, SL at 145
RCOM - EW:
1 136.00 141.65 (5.65)
2 141.65 137.35 (4.30)
(i) 137.35 143.90 (8.95)
(ii) 143.90 140.45 (3.45)
(iii) 140.45 xxxx (xxxx = min 149.40 (140.45+(i)) OR 155 (1.618* (i))
Friday, May 23, 2014
Chart Analysis - Nifty and RCOM
Nifty - 15 mins - IHNS:
Nifty may form Inverted HNS pattern which will triggered if prices closed above 7320 in 15 mins candle.
Buy above 7320, T1 7377, T2 7433, Keeping SL at 7291 (or last swing low)
Nifty - 15 mins - EW Counts:
Nifty moved up from 7207 till 7320 in clear 5 waves. Its 50%, 61.8% and 80% retrace values are 7263, 7250 and 7229 respt.
After making high at 7319.45, nifty reversed and made low at 7259.80 in clear abc waves with a hammer in 15 mins. Its 50%, 61.8% and 80% retrace values are 7289.60, 7297 and 7307.50 respt.
1st point to identify the weeknes is prices getting resisted at 7289.60-7297. strength only above 7307.50 and will get confirmed above 7320.
RCOM:15 Mins - +WW Pattern
Nifty may form Inverted HNS pattern which will triggered if prices closed above 7320 in 15 mins candle.
Buy above 7320, T1 7377, T2 7433, Keeping SL at 7291 (or last swing low)
Nifty - 15 mins - EW Counts:
Nifty moved up from 7207 till 7320 in clear 5 waves. Its 50%, 61.8% and 80% retrace values are 7263, 7250 and 7229 respt.
After making high at 7319.45, nifty reversed and made low at 7259.80 in clear abc waves with a hammer in 15 mins. Its 50%, 61.8% and 80% retrace values are 7289.60, 7297 and 7307.50 respt.
1st point to identify the weeknes is prices getting resisted at 7289.60-7297. strength only above 7307.50 and will get confirmed above 7320.
RCOM:15 Mins - +WW Pattern
Buy above 137.85, T1 139.10 (done), T2 141.20, SL at 1-3-5 line (near 131.50-137.20)
RCOM- 15 mins - IHNS
RCOM may form Inverted HNS pattern which will triggered if prices closed above 142.45 in 15 mins candle.
Buy above 142.45, T1 147.80, T2 171.25, Keeping SL at 139.80 (or last swing low)
RCOM - 15 Mins - EW Counts:
Rise from 113.65 till 142.45 can be seen as in 3 clear waves. Now, 2 options are open:
1st 4th wave completed at 136 or still unfolding.
4th still running as complex correction in abc form. Below counts can be possible:
a 142.45 136 6.45 (in 3 waves)
(a) 136 141.65 6.45 (in 5 waves)
(b) 141.65 137.35 4.30 (in 3 waves)
b 137.35 xxxx (should be in 5 waves - can retrace till any %ge or beyond the start of a wave)
If we consider a=c, then b (xxxx) might end near 143.80 and then fall down to complete c in 5 waves.
Another scenario is, 4th completed at 136 and 5th is running. This view will get negated if prices goes below 136.
RCOM - Daily EW Counts
Wednesday, May 21, 2014
Chart Analysis - Nifty, PNB, Airtel
Nify - 30 mins- Triangle:
Buy above 7303, T1 7369, T2 7476, SL at 7270
Sell below 7254, T1 7187.90 T2 7081, SL at 7287
PNB - 5 mins - HNS:
Sell below 993.05, T1 986.10, T2 979.25, SL at 996.55
PNB - 5 mins - Triangle:
Buy above 996.60, t1 1004.75, T2 1018, SL at 992.50
Sell below 993.70, T1 985.55, T2 972.35, SL at 997.80
Airtel- 5 mins- Triangle:
Buy above 350.50, T1 356.15, T2 365.30, SL at 347.65
Sell below 344.50, T1 338.85 T2 329.70, SL at 347.30
Buy above 7303, T1 7369, T2 7476, SL at 7270
Sell below 7254, T1 7187.90 T2 7081, SL at 7287
PNB - 5 mins - HNS:
Sell below 993.05, T1 986.10, T2 979.25, SL at 996.55
PNB - 5 mins - Triangle:
Buy above 996.60, t1 1004.75, T2 1018, SL at 992.50
Sell below 993.70, T1 985.55, T2 972.35, SL at 997.80
Airtel- 5 mins- Triangle:
Buy above 350.50, T1 356.15, T2 365.30, SL at 347.65
Sell below 344.50, T1 338.85 T2 329.70, SL at 347.30
Tuesday, May 20, 2014
Chart Analysis - Nifty, Airtel, TECHM, Hindalco,
Nifty - 60 Mins - Ascending Triangle:
Buy above 7290.70, T1 7351.50, T2 7450, SL 7260.30
Sell below 7259, T1 7198.20, T2 7100. SL 7289.40
Nifty - 60 Mins - Bull Flag:
Buy above 7290.70, T1 7324.70, T2 7380.25, SL 7273.70. Invalid below 7235.35
Retracement levels for the rise from 6639-7563 as:
7345.22, 7212.04, 7101.05, 6991.91, 6882.77, 6823.58
Retracement levels for the fall from 7563-7131.60 as:
7233.53, 7295.72, 7347.55, 7398.51, 7449.48, 7477.12
Bharti Airtel - 5 mins - Triangle
Buy above 338.90, T1 341.45, T2 345.60, SL 337.60
Sell below 337.15, T1 334.60, T2 330.45 SL 338.45
TECHM - 60 mins - Triangle
Buy above 1850, T1 1924.55, T2 2045, SL 1812.75
Sell below 1754.40, T1 1680, T2 1559.30 SL 1791.65
Hindalco - 60 Mins - Triangle:
Buy above 151.10, T1 157.55, T2 168, SL 147.85
Sell below 140, T1 133.55, T2 123.15 SL 143.20
Buy above 7290.70, T1 7351.50, T2 7450, SL 7260.30
Sell below 7259, T1 7198.20, T2 7100. SL 7289.40
Nifty - 60 Mins - Bull Flag:
Buy above 7290.70, T1 7324.70, T2 7380.25, SL 7273.70. Invalid below 7235.35
Retracement levels for the rise from 6639-7563 as:
7345.22, 7212.04, 7101.05, 6991.91, 6882.77, 6823.58
Retracement levels for the fall from 7563-7131.60 as:
7233.53, 7295.72, 7347.55, 7398.51, 7449.48, 7477.12
Bharti Airtel - 5 mins - Triangle
Buy above 338.90, T1 341.45, T2 345.60, SL 337.60
Sell below 337.15, T1 334.60, T2 330.45 SL 338.45
TECHM - 60 mins - Triangle
Buy above 1850, T1 1924.55, T2 2045, SL 1812.75
Sell below 1754.40, T1 1680, T2 1559.30 SL 1791.65
Hindalco - 60 Mins - Triangle:
Buy above 151.10, T1 157.55, T2 168, SL 147.85
Sell below 140, T1 133.55, T2 123.15 SL 143.20
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