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))


2 comments:

  1. dlf tanked from 225 to 196 today. http://wealthinnifty.blogspot.in/ - says jnsar 188. so keep that option open. also dont forget - it is robert wadra related co. and now NaMo co. in - there will be a bigger risk on longs in that counter.

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