iCharts Discussions

marne.vivek · Posted: Sat Jan 01, 2011 5:19 pm Post subject: LICHSGFIN: Long term

LICHSGFIN: Long term

Preferred and Alternate

marne.vivek · Posted: Sun Jan 02, 2011 12:38 pm Post subject: ACC: Preferred and Alternate

ACC: Preferred and Alternate
Notes on chart

nsinojia · Yellow Belt Joined: 21 Dec 2009 Posts: 624

mayurnsk · Posted: Sun Jan 02, 2011 4:49 pm Post subject:

Vivek Hi,

ekdam petla ki kai tu 2guns

So many charts you have posted Shocked

Keep it up Twisted Evil

Mayuresh Jahagirdar
Nashik
Maharashtra

marne.vivek · Posted: Sun Jan 02, 2011 10:09 pm Post subject: @Mayur

@Mayur..

Thanks bhau...

I am on a roll.. Will try to keep posting.. gunfight2

Just working out on my wave structures weight_lift

aromal · White Belt Joined: 22 Mar 2010 Posts: 302

marne.vivek · Posted: Mon Jan 03, 2011 10:36 pm Post subject: Sensex Long Term

Sensex long term picture aims for more highs. I am more inclined to highs this quarter. Lets see how things pan out, this is a preferred scenario. Will work on the alternate scenario and near term details but I think this may possibly be the right count.

marne.vivek · Posted: Tue Jan 04, 2011 10:11 am Post subject: Nifty

Nifty preferred calls for possibly a top of wave 2. The first decline in the month of Nov is marked as possibly wave 1 down and this upmove can be typically wave 2, with low volumes, and which is evident in the last price action named as wave C.

Preferred: After this strong run up, there can a profit booking now in NF which can be wave 1 now, and declines can reach 61.8% of the rise which can be 5920 zone. Will watch the price action closely.

marne.vivek · Posted: Tue Jan 04, 2011 1:27 pm Post subject: Reliance

Reliance breaksout and that too in style...
Heading for the 5th wave up..
With that looks like nifty in BULLISH ALT (red) count based earlier chart.

marne.vivek · Posted: Tue Jan 04, 2011 8:55 pm Post subject: Currencies

Here are monthly charts of currencies:
AUDUSD

USDCHF: The USD has been taking a beating against CHF since 1976. Further, in the month of Dec 2010, USD further broke down from parity level of 1, and is now headed lower. Based on traditional triangle breakdown, I reckon that USD can further depreciate to ~0.826. This is important, since generally USD decline is associated by stock rallies. So lets see how things pan out.

svgopala · White Belt Joined: 27 Jun 2009 Posts: 25

hi,

whenever reliance goes up on rally, nifty pauses-this was the pattern of recent past, check up-no rally posible

marne.vivek · Posted: Wed Jan 05, 2011 9:31 am Post subject: Nifty

Thanks SVG..

Here is the intraday trendliner on NIfty.

SBIN EOD Flag breakdown, suggesting a downside target of ~2300, with SL of 2800.

Key breakdown of Channel on Banknifty

marne.vivek · Posted: Wed Jan 05, 2011 2:18 pm Post subject: NIfty Alternate becomes preferred

Making the alternate as preferred. My preferred count was a bullish count. But taking into account the low volume and high volume sells (today and yesterday) and extreme under performance of BANKS.

Chart: http://www.icharts.in/forum/download,id,5056.html (Alternate)

Post: http://www.icharts.in/forum/viewtopic,p,18208.html#18208

nsinojia · Yellow Belt Joined: 21 Dec 2009 Posts: 624

marne.vivek · Posted: Thu Jan 06, 2011 10:20 am Post subject: ITC Breakout

ITC (is this a breakout or a fake out)

ITC flag BO. Can be good long going forward. SL shall be 170. The PE is low for the company.

These FMCG companies are running like crazy. Lets see going forward.

@ninja bhai: will work on Onmobile as well..