iCharts Discussions

marne.vivek · Posted: Fri Nov 13, 2009 12:43 am Post subject: The Vivek's Chart Collection

The Auto Sector Bear or WHAT !!!!! Twisted Evil

In this post i shall put forth my views on Auto sector, the champion of recent rally.

Lets try and put forth things
1. Maruti : Chart has Major Top Head and Shoulder
2. M&M : A Beautiful Ending Daigonal in place
3. TataMotors: Still Strong up, infact has made a Flag formation and is up. Today's candle is a spinning top at the top, if it has to be Bearish is has to be followed by Bear candle, but nothing major on chart for now.
4. Bajaj Auto: Moving up in channel precariously poised at the edge of channel, one push down and that does it.. Smile

marne.vivek · Posted: Fri Nov 13, 2009 12:55 am Post subject: CNX IT...

CNX IT...

Major Chart.. Have a look and decide.. Posted my comments on the chart

shripadk · White Belt Joined: 23 Apr 2008 Posts: 1

Good for learning Thanks Vivek

RKM · White Belt Joined: 06 Apr 2009 Posts: 137

Hi Vivek,

Great charts, and an eye opener if one has not been actively tracking these.
One can cross check with the EW position for greater confidence.

My take on Tata Motors and Infy - both are either in subwave'b' of wave 4 or in the initial phase of subwave 3 of wave 5, both are in similar situations. Satyam also looks like it is poised to emerge from out of the woods (though of course now we have the news of L&T divesting its stake at Rs. 112.50 per share).

Let us see how things unfold.

Cheers,
Makhijani

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

marne.vivek · Posted: Thu Nov 19, 2009 2:33 am Post subject: Bank Charts..

ICICIBANK
SBIN
Chart attached,

Need to post a follow-up on IT and Auto.. Will do it by today or tomo..

Thanks for support..

Vivek