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Elliott Wave Thoughts |
marne.vivek
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Location: Pune / Mumbai
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nsinojia
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Post: #77  Posted: Fri Jan 07, 2011 4:46 pm Post subject: Re: Banknifty |
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  thanks mv |
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aromal
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| Post: #78 Posted: Fri Jan 07, 2011 9:12 pm Post subject: Re: Banknifty |
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| nsinojia wrote: | | thanks mv |
mv ..... u rocking |
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marne.vivek
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Location: Pune / Mumbai
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| Post: #79 Posted: Sat Jan 08, 2011 3:19 pm Post subject: ANDHRA BANK |
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Thanks ninja bhai and aromal. 
In continuation with the bank post, here is ANDHRABANK wave structure. BTW, one key observation, the stock loves the Jan month. It generally has sold off after Jan.
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nsinojia
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Joined: 21 Dec 2009
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| Post: #80 Posted: Sat Jan 08, 2011 9:55 pm Post subject: Re: ANDHRA BANK |
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| marne.vivek wrote: | Thanks ninja bhai and aromal.
In continuation with the bank post, here is ANDHRABANK wave structure. BTW, one key observation, the stock loves the Jan month. It generally has sold off after Jan. |
 sumthing wroung with count and retrachment ...as far as minute wave concerns  lets hope for the best mv |
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marne.vivek
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| Post: #81 Posted: Sun Jan 09, 2011 11:52 am Post subject: ANDHRABANK (revised) |
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here we go revised clean count. thanks ninja bhai, i took a relook and i think this is how it is.
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nsinojia
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| Post: #82 Posted: Sun Jan 09, 2011 1:20 pm Post subject: Re: ANDHRABANK (revised) |
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| marne.vivek wrote: | | here we go revised clean count. thanks ninja bhai, i took a relook and i think this is how it is. |
 thums up mv for perfection |
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nsinojia
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| Post: #83 Posted: Sun Jan 09, 2011 1:44 pm Post subject: tata chem |
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mv have a glance at tata chem and give your views  |
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marne.vivek
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Joined: 11 Apr 2008
Posts: 244
Location: Pune / Mumbai
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| Post: #84 Posted: Sun Jan 09, 2011 2:20 pm Post subject: TATACHEM (Elliott Wave) |
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Tatachem has broken the rising trendline from Jul 2009. The stock took support on this Channel Line B at points p,q and r. The stock nearly tested that trendline thrice in last two months at the top of wave iv, wave a and wave c(2). This trendline testing and eventual break leads me think this count is the preferred count. The alternate count is bull case where, I put this decline as wave 4 the rise up as wave i and now heading for wave ii retracement.
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nsinojia
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| Post: #85 Posted: Sun Jan 09, 2011 2:45 pm Post subject: Re: TATACHEM (Elliott Wave) |
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| marne.vivek wrote: | | Tatachem has broken the rising trendline from Jul 2009. The stock took support on this Channel Line B at points p,q and r. The stock nearly tested that trendline thrice in last two months at the top of wave iv, wave a and wave c(2). This trendline testing and eventual break leads me think this count is the preferred count. The alternate count is bull case where, I put this decline as wave 4 the rise up as wave i and now heading for wave ii retracement. |
let it be preferred count  .......after closely watching nifty weekly chart nifty has breached 5,8 & 13 week ema and is very near to 21 week ema at 5872., a close below this will confirm the intermidiate term down side can slide nifty towards 34 week ema which is next support.  |
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marne.vivek
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| Post: #86 Posted: Mon Jan 10, 2011 2:57 pm Post subject: key breakdowns |
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key breakdowns
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marne.vivek
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| Post: #87 Posted: Wed Jan 12, 2011 1:53 pm Post subject: Nifty wave 2 |
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Nifty wave up now: Targetting 6k zone.. SL5800
EDIT: Alternate wave iv possible
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nsinojia
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| Post: #88 Posted: Wed Jan 12, 2011 5:01 pm Post subject: Re: Nifty wave 2 |
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| marne.vivek wrote: | Nifty wave up now: Targetting 6k zone.. SL5800
EDIT: Alternate wave iv possible |
 5351 may come-lite wave 3 |
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marne.vivek
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Joined: 11 Apr 2008
Posts: 244
Location: Pune / Mumbai
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| Post: #89 Posted: Thu Jan 13, 2011 1:01 am Post subject: NIFTY ALTERNATE |
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In continuation with my previous charts. This is also a possible scenario. While I maintain a bearish view, I beleive NIFTY stil has a chance to make a new top. I had posted an Inverted HnS during the day and said we can aim for 6k zone with an SL of 5800. Now, if nifty crosses 6150 level, then we are actually in a flag mode and a wave 4 of a larger degree 5 here. Remember the old sensex chart I had posted, i guess that chart would then come in handy.
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psri
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Joined: 01 Jul 2009
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| Post: #90 Posted: Thu Jan 13, 2011 9:10 am Post subject: |
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hi mv,
can u tell abt banknifty, which wave is it in now? |
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