Nifty +ww? In 15 mins

Wipro and DLF chart analysis

WIPRO

Bull flag and IHNS in Wipro 15 mins chart

DLF

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

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))

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

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

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

Stocks for Investment-HCLTECH, DLF

HCL TECH
Buy HCL Tech - keeping SL at 1293.50 (day close basis).
HCL Tech will get major support at 1293.50 - trend-line (see chart)

DLF:
DLF Trading in perfect channel since Aug 13
BO above 194.30 (day closing basis) => targeting 252, keeping SL at 165

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

Chart Analysis of RCOM, TS, IDFC, BHEL & Bharti Airtel

RCOM-60 Mins - Rising Wedge / Triangle - with Negative Divergence
Breakout above 131.50, T1 133.95, T2 137.95, SL at 130.25
Break down below 127.60, T1 125.15, T2 121.15, SL at 128.85

IDFC - 5 Mins - Bear Flag
Break down below 123.05, T1 121.50, T2 117.10, SL at 123.85

Bharti Airtel:
In 5 mins chart, there is hammer and seems correction is over at 326.20.
No negative divergence seen in 60 mins chart
If correction is over at 326.20, then expect min 40 points move i.e. till 366. Invalidation is price breaching 326.20 on the downside.

Bhel:
Seems 5 waves are over at 234.95 and correction may start soon for the rise from 172.70.

Follow retrace values for this rise:
220.25,  211.30, 203.85, 196.50, 189.15, 185.15

Tata Steel - Day => -WW Pattern
-WW Pattern will trigger if prices goes below 442 and close on daily basis for 2 days.
Sell below 442, T1 418.30, T2 380, SL at 1-3-5 line i.e. 442

RCOM-TS-IDFC Tech Table:

Chart Analysis of TECH-M, RCOM and Tata Steel

Tech M - 1 Hr - Triangle:
Buy above 1852, T1 1928, T2 2051 SL at 1814
Sell below 1743, T1 1666.80, T2 1544 SL at 1781

Tech M - 1 Hr - IHNS
Buy above 1852, T1 1900, T2 1977, SL at 1827 (or last swing low - 1800)

RCOM - 30 Mins - -WW Pattern along with hammer:
Break Down below 127.80 (already triggered), T1 126, T2 123.10, SL at 128.70 (or 1-3-5 line

Tata Steel - Daily Chart
BO occurred in daily chart (will trigger in weekly chart if weekly close is above 432)
BO above 432 (occurred),Targets will be 468, 475,487.25,539,675, SL at last swing low i.e. at 388.10

Tata Steel - Daily Charts (Small IHNS):
Probable IHNS in making IF price do not make any fresh high (454.7) and should find support near 425.50 (probable right shoulder)

BO above 454, targets 465, 468, 482, 576 Keeping SL at last swing low before BO or 439

-WW Pattern will trigger if prices goes below 441 and close on daily basis.

Tata Steel - 15 Mins - Rising Wedge:
Sell below 450, T1 445, T2 436.75, SL at 452.55

Analysis on Nifty, RCOM and TS

Nifty (5 mins - Bear flag):
Bear flag is in making and will trigger below 7078 targetting 7033 and then 6984 keeping SL at 7101. Resistence will be at top trendline of bear flag (aprx 7050) which is also 80% retrace of the fall from 7172 - 7078
If Price reached 7150, then Sell at 7150, keeping SL at 7079 and then trail using last fall retrace.
If price, breaks 7078, then play the bear flag.
Sell below 7078 (2 5 mins close below 7078), targetting 7033 and then 6984 keeping SL at 7101.

+WW Pattern is also in making in 5 mins chart.

Nifty (EW):
(1) 6639 - 7172 (533)
A.(2) 7172 - 7078 (94)
a.B.(2) 7078 - 7131 (53)=> in (a)(b)(c) waves
b.B.(2) 7131 - 7093 (38) =>
c.B.(2) 7093 - xxxx (if a=c, then xxxx may be at 7146 which is near to 80% retrace)

Bigger Picture: If B ended at 7131, then:
(1) 6639 - 7172 (533)
A.(2) 7172 - 7078 (94)
B.(2) 7078 - 7131 (53)=> in (a)(b)(c) wave
C.(2) 7131 - xxxx (if a=c, then xxxx may be at 7069 min < 7037 a=c < 7037<6969 max="" p="">
Bigger Picture: If B end at 7150, then:
(1) 6639 - 7172 (533)
A.(2) 7172 - 7078 (94)
B.(2) 7078 - 7150 (72)=> in (a)(b)(c) wave
C.(2) 7150 - xxxx (if a=c, then xxxx may be at 7092 min < 7056 a=c < 7037<6998 max="" p="">
RCOM 5 Mins - EW:
(i) 113.60 125.50 -11.90
A 125.50 120.80 4.70
B 120.80 123.30 -2.50
C 123.30 xxxx (xxxx may end at 120.40 min < 118.60  a=c < 115.70 max)

Retrace for the rise from 113.60-125.50 are as below:
122.69, 120.98, 119.55, 118.15, 116.74, 115.98

Retrace for the fall from 125.50-120.80 are as below:
121.91, 122.59, 123.15, 123.70, 124.26, 124.56

Tata Steel (5 Mins EW):
(i) 388.10 441.50 -53.40
A 441.50 421.35 20.15
a.B 421.35 430.95 -9.60
b.B 430.95 424.75 6.20
B 424.75 xxxx (xxxx may end at 430.68 min < 434.35  a=c < 440.28 max)
Then C will fall for another 20 points

Retrace levels for the rise from 388.10-441.50:
428.90 421.21 414.80 408.50 402.20 398.78

Retrace levels for the fall from 3441.50-421.35:
426.11 429.01 431.43 433.80 436.18 437.47

Wipro and Tata Steel

Wipro 60 mins - Triangle (closed at 511.95 on 12 May)

Buy above 514.50, tgt 1- 526.30, tgt 2- 545.30,SL at 508.60
Sell Below 502.80, tgt 1- 491, tgt 2- 472,SL at 508.70

Tatasteel - 60 mins EW

Follow the rtrace for the rise from 396.70 till 426.90:
419.77, 415.42, 411.80, 408.24, 404.67, 402.74
(i) 3881.0 403.75 (15.65)
(ii) 403.75 396.70 (7.05)
i.(iii) 396.70 426.90 (30.20)

Since I am out of station and not able to analysis and post charts

Patterns in Tata Steel, RCOM, BhartiAirtel & Jindal Steel

RCOM (5 mins):
5 waves completed from 113.60 to 119 as i of (i) of 3. Currently ii of (i) of 3 is unfolding. Retrace for the rise from 113.60 to 119 are as below:
117.73, 116.95, 116.30, 115.66, 115.03, 114.68

Probable +ww pattern in making in 5 mins chart. Price need to go below 117 and then close above it for 2 5 mins candle to trigger.
Tgt 1- 117.65, tgt 2- 118.65, SL - 1-3-5 line (117-116.50 aprx) post trigger

Tata Steel (60 Mins)
Given are the probable EW counts in TS 60 mins chart. If counts are correct, then ongoing correction should not breach 406.20. Below retrace values can be used for probable end of iv.
415.46, 412.26, 409.60, 406.98, 404.36, 402.94

In 5 mins chart, fall from 420.70 till 43.90 can be taken as a of iv, then below counts seems probable:
a 420.70 413.90 (6.8)
b 413.90 418 (4.1)
c 418 xxxx (if a=c, then xxxx could be 411.20; Min c can be 413.80 (which already done=> it means, if prices dont go below 413.80, then probably iv is over at 413.80))

Bharti Airtel (Triangle 30 mins)
Buy above 313, tgt 1 - 316.85, tgt 2 - 323, SL at 311.10
Sell below 308.50, tgt 1 - 304.65, tgt 2 - 298.50, SL at 310.45

Jindal Steel (Rectangle in 60 mins):
Buy above 249.4, tgt 1 - 255.90, tgt 2 - 262.40, SL at 246.15
Sell below 236.40, tgt 1 - 229.90, tgt 2 - 223.40, SL at 239.65

Patterns in Tata Steel and Nifty

Tata Steel: Ascending Triangle:
Break out above 404.25, tgt 1- 410.30, tgt 2- 420.10, SL at 401.25
Break down below 399.50, tgt 1- 393.45, tgt 2- 383.65, SL at 402.55

Tata Steel: HNS (Condition- Price should not go beyond 405):
Break down below 386.40, tgt 1- 366.20, tgt 2- 340, SL at 396.50

Tata Steel: +WW:
Break out above 386.40, tgt 1- 401.35, tgt 2- 425.55, SL at 378.90

Nifty: HNS
Break down below 6658, tgt 1- 6561, tgt 2- 6446, SL at 6706.50

Nifty: +WW
Break out above 6652.30, tgt 1- 6730.50, tgt 2- 6857, SL at 6613.20

Patterns in PNB, Nifty & BHEL

PNB: WW Patterns

+WW Pattern:  Break out happened at 782.10, tgt 1- 787.15, tgt 2- 795.30, keeping SL at 1-3-5 line
- WW Pattern: Break down will trigger at 786.80, tgt 1- 784.90, tgt 2- 781.75, keeping SL at 1-3-5 line

Nifty: Triangle can be observed in 60 mins chart.

Break out above 6730, tgt 1- 6777, tgt 2- 6853, SL at 6706.50
Break down below 6709, tgt 1- 6662, tgt 2- 6586, SL at 6732.50

BHEL: Triangle can be observed in 60 mins chart.

Break out above 179.30, tgt 1- 181.85, tgt 2- 186, SL at 178
Break down below 178, tgt 1- 175.45, tgt 2- 171.30, SL at 179.30

Bear flag in nifty 60 mins spot

Break down below 6657 targeting 6570 and then 6534

Patterns in Tata Steel, TCS & Indusindbk

Tata Steel: Triangle (60 Mins):
Buy above 403.80, tgt 1 - 410.75, tgt 2 - 422, SL at 400.30
Sell below 396, tgt 1 - 389, tgt 2 - 377.80, SL at 399.50

Tatasteel: +WW (5 Mins):
Buy at 395 (1-3-5 Line), tgt 1 - 397.50, tgt 2 - 401.55, SL at 393.75

TCS: Triangle:

Buy above 2249, tgt 1 - 2358, tgt 2 - 2534, SL at 2194.60
Sell below 2183, tgt 1 - 2074, tgt 2 - 1898, SL at 2237.40

Indusindbk: +WW
Buy at 475 (1-3-5 Line), tgt 1 - 484.65, tgt 2 - 510.70, SL at 468.15