sensex yearly chart...

sensex yearly chart, this year it should atleast close somewhere near/above 17000, next year low on the lower end of the channel on the chart is somewhere near 17000 for a tgt of more of than 28000 on upper end of the channel.

mkt saw a phenomenal run in rpl and rnrl stocks in the last few days. but what will be their blow out rally targets???

***if rpl closes consistently above 270 lvl it can go is 390.
***if rnrl closes consistently above 152 lvl it can go is 227.

***this is academic and not an invitation to buy.

latest on my ew analysis...its a bulls eye again...

previous posts

http://valuetrading.blogspot.com/2007/10/latest-update-on-my-ew-analysis.html

summary: the projected wave counts from that day onward were given as 5771-5071-6223-5044-6700

in the above post, i had given the wave iii-(iii) tgt as 5771 and actually it did go to 5736.

then it was given that wave iii-(iv) will go down 700 points i.e. 5071 and it actually went down to 5070.90!!!.

again it was given that wave iii-(v) will go up from there with a tgt of 6223 and so far it has achieved a high of 5976.

my above ew analysis has been extremely accurate till now, lets watch for further wave developments.