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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.
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    Sunday, March 8, 2009

    reliance and nifty ew charts...

    nifty monthly ew chart:


    reliance ew charts with detailed wave labelling:




    9 comments:

    renu said...

    Hello ab sir,
    could you plz post ew count for ONGC ,i am saying you to do so not because i have any position in the stock or want to have any position in future but because this stock has been range bound for last 3-4 months, so just wanted to know how do you label such moves as i am trying to learn ew and i found labelling such move impossible.
    Regards

    abhay r somkuwar said...

    hi shiv, see the above ongc ew chart, wave labelling as per my understanding. trading below blue lines as confirmation of 5th down and invalidation if starts trading above green line.

    regards,
    abhay r somkuwar.

    renu said...

    thanks a lot ab sir

    Anonymous said...

    can you please update reliance chart with your valueable coments.

    Anonymous said...

    dear sir as per your count are we in c3 wave or any other count?

    abhay r somkuwar said...

    let us see jayrangji, labelling may differ from one person to other. so far its a tentative count i have put depending on my instinct as i always do(which mostly comes true later) but if needed it will be modified depending on how the wave scenario unfolds, in previous posts i have very clearly mentioned that the confirmation of the C-5 wave will come below 2500 lvl.

    regards,
    abhay r somkuwar.

    abhay r somkuwar said...

    on reliance i have not seen the chart for ew since last time, elliott waves should be given sufficient time to develop fully before arriving at conclusion regarding wave counts change, also no point giving alternate wave counts in objective wave analysis(i feel alternate labelling means the analysis is either flawed or the analyst himself is confused).

    regards,
    abhay r somkuwar.

    Anonymous said...

    you said for reliance that c3 will go upto 952.at present status we are in c3 or c4? what is your opinion.as per your opinion ihave square my call in reliance and bought put.so i got loss onboth side.pleas guide me i am in trouble.

    Anonymous said...

    you said for reliance that c3 will go upto 952.at present status we are in c3 or c4? what is your opinion.as per your opinion ihave square my call in reliance and bought put.so i got loss onboth side.pleas guide me i am in trouble.

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