Capgainers

Monday, April 28, 2014

Tatasteel Chart for 28 Apr 2014

Rising Wedge can be observed in 60 mins chart.
Breakdown below 425 (in 1 hr chart), tgt 1 - 417.35, tgt 2 - 405, SL 428.85

Note: Target Achieved of 432./432.70 for IHNS and Rectangle (given on 22 Apr)

IDFC Chart for 28 Apr 2014

Wednesday, April 23, 2014

RCOM Chart 23 April 14

Preferred EW counts are marked in Green.
Last and final wave 5 might have started from 128.55. This 5th wave should be in 5 sub waves.
1st of 5th wave might have completed at 134.10. Now 2 EW options are in play
a. 2nd of 5th completed at 132.05 => In this scenario, current sub waves of 3rd of 5th should make new high without breaching 132.05
b. 2nd of 5th is irregular correction as 134.10-132.05-135.30-xxxx.

Alternate EW Counts are marked in Red.
There is possibility that 5 waves might have completed at 138.40 from the lows of 106.75.
In this scenario, look for the retrace values for the rise from 106.75 to 138.40. 122.60 and 118.80 are 50% and 61.80% whereas 113 is 80% retrace values.
The current waves are then corrective in nature with 3 waves as ABC where A ended at 128.55 in 3 sub waves and currently wave B is unfolding.
In this scenario, follow retrace for the fall from 138.40 to 128.55 and may enter in short at 61.80% keeping 80% retrace value as SL.
50%: 133.50; 61.8%: 134.65; 80%: 136.40

Tata Steel Chart - 23 April 14

Preferred EW counts are marked in Green.
Current waves might be of irregular correction having completed A at 404.75 and B at 425.40. To know the probable end of wave C or wave 2, follow retrace for the rise from 332 to 424.80.
50%: 378.40; 61.8%: 367.45; 80%: 350.55
Alternate EW counts are marked in Red.
This counts are of bullish and considering that wave 5 is sub-dividing.
If wave i ended at 424.80 from 398.85, then probable end of wave iii could be 1.618*wave i => 446+

Patterns:
1. In 60 Mins chart, IHNS pattern can be observed.
Breakout above 425.40, T1: 432.70; T2: 456; keeping SL at 418.00 post break out.
2. Prices are trading in rectangle in range 425-418.
Buy above 425, target 432, SL 421.50
Sell Below 418, target 411, SL 421.50

IDFC Chart - 23April14

Preferred EW counts are marked in Green.
5 waves completed at 139 from the lows of 88. Follow the retrace for the rise from 88 to 139 to know the probable end of this correction.
Fall from 139 to 116 is in 3 waves and seems wave A of ABC is completed at 116.
Now follow the retrace for the fall from 139 to 116 to know probable end of wave B.

Alternate counts are marked in Red (Bullish)
Its a possibility that correction for the rise from 88 to 139 completed at 116 and new set of 5 waves commenced from 116 as wave (iii). Probable target for wave (iii) might be around 198.

Pattern: INHS pattern can be observed in 60 mins chart.
Breakout above 121.10, T1: 123.85; T2: 126.20; SL at 118.30 post breakout