Thursday, February 27, 2014

TISCO Chart Analysis - 26 Feb 14


The below given chart is on Monthly Time frame and I have tried to put down EW counts on it.


The below given chart is on Weekly Time frame and I have tried to put down EW counts on it. Also, we may observe that INHS pattern is in making. Although in recent times I have noticed that this pattern didn't work as it was used to be earlier.


The below given chart is on Daily Time frame and I have tried to put down EW counts on it. 
Also, we may observe that Triangle is in making in this time frame.


The below given chart is on Daily Time frame. This chart is just to show that candlestick patterns do work and if one stays with it => definitely makes profit.


The below given chart is on 15 Mins Time frame and I have tried to put down EW counts on it.


TISCO is making Gartley Pattern or already made (time will confirm on this). Levels mentioned in the chart may be used for making an entry.




Friday, February 21, 2014

RCOM +WW Pattern - 21 Feb 2014

In RCOM 30Mins chart, +WW pattern is formed and waiting for to trigger



Friday, February 7, 2014

IFCI Chart Analysis - 6Feb14

In 60 Mins TF - IFCI is trading in channel. Expect breakout above 23 or breakdown below 22.1-22.2 for the target points of 0.9 in the direction of break.

In below chart, if we observe below may be resistance and supports in 60min TF
Resistences - 23.3-23.4, then 23.8
Supports - 22.4, then 21.8

In below chart, if we observe below may be resistance and supports in Daily TF
1st restence - 22.9
2nd resistence - 23.6
1st support - 21.5
2nd Suport - 21.2
In Weekly TF, weekly hammer is in making. A close on friday between 22.4-23.37 will validate this
pattern.


Nifty Update - 6 Feb 14

60Mins TF - Nifty is moving up in a channel making higher highs and lower lows in last three sessions. Bear made 3 unsuccessful attempt to close Nifty below 200DMA. Looking at the channel, there may be breakout above 6048 or breakdown below 6000-5990.
If breakout above 6048, then T1 - 6070, T2-6118, SL 6036
If breadown below 6000, then T1 - 5978, T2-6030, SL 6012


Week TF - Weekly hammer is in making. A close on Friday between 6071-6117 will validate this pattern.



Wednesday, February 5, 2014

RCOM Update - 4th Feb 2014

RCOM has formed INHS pattern in 60mins TF with below points:
Shoulder - 126.35 - 126.4, Neckline - 123.55, Head - 115.50
BO above - 126.4
T1 - 129.25, T2 - 137.3. SL - 124.9


RCOM has formed -WW pattern in 60mins TF with below points:
1-123.85, 2-115.50, 3-125.35, 4-121.45, 5-126.4
Min tgt = 122.9, Max tgt = 114-116, SL = 128.15


The below charts is showing probable EW counts in Daily TF. As per counts, RCOM is in ii wave of C of 4th and expecting it to touch the upper line of the channel around 130.5-131 and thereafter iii wave may commence in downwared direction.
End of C wave can be inferred from retracement leves for the fall from 137.45-115.5. Also, if this is iv wave, then it should not go beyond 91.85 (which is end of 1st wave)