there are indications of confirmation of alternate wave count as the right one and wave iii of V-5th is proceeding.
the probable tgt for V-5th wave is 6488/7163.
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Wednesday, December 26, 2007
latest update on my ew count...
stocks to watch...
ydays stocks to watch cairn, tatapower, polaris also performed very well.
stocks to watch on buy side for intraday of 2-3 days: l&t, tatasteel, hindalco, nalco, bhel, tatamotors, suzlon, hul, bankbaroda, axisbank, rel, patni.
Tuesday, December 25, 2007
a merry christmas...
wishing all a merry christmas and a happy and prosperous new year 2008.
jingle bells, jingle all the way.
Tuesday, December 18, 2007
my updated alternate ew counts...
most ew analysts have gone wrong recently while giving ew counts.
wave counts had to be modified by me after ydays correction after giving some thought.
wave i is in the shape of rising wedge(triangle) and
most probably wave ii down is now completed,
we are now awaiting wave iii to go up, if this wave count is correct.
till then we treat it as an alternate wave count.
tgts to be given later on confirmation.
18/12/2007.
Tuesday, December 11, 2007
wwil-a technical analysis case study...
many friends had asked for some guidance on studying charts and ta hence posting here such a study for benefit of all.
wwil chart and accompanying commentary is self explanatory.
Saturday, December 8, 2007
Thursday, November 29, 2007
update on my ew analysis...
for internal structure wise of 4th(i.e A-B-C) together the time was about 20 days, but for V-4th flat corrective the time for completion is between 16-32 days and so far it has been correcting for 19 days.
as has been written earlier about this 4th wave, both A and B have completed and C is now going on, both A and B were zigzags internally containing 3 sub-waves a,b,c each.
about the C sub-waves:
as has been written earlier, the pattern for correction of C can be downward or sideways but the structure will most probably contain 5 sub-waves in a shape of ending diagonal(triangular) or impulsive, the 3rd sub-wave of C is now going on. if the C is an ED, then each next sub-waves 3,4,5 will be smaller and smaller than its earlier sub-wave but in case of impulsive structure 3 is likely to be the largest of the subwaves and hence if the C correction turns out to be impulsive then only a big fall nearing 5030 can be expected and not the given tgts. at the moment we are watching for earlier tgts and structure. the picture will get clearer going forward.
total magnitude/tgts have already been given in earlier updates on ew, though the actuals may vary.
as has been written earlier about this 4th wave, both A and B have completed and C is now going on, both A and B were zigzags internally containing 3 sub-waves a,b,c each.
about the C sub-waves:
as has been written earlier, the pattern for correction of C can be downward or sideways but the structure will most probably contain 5 sub-waves in a shape of ending diagonal(triangular) or impulsive, the 3rd sub-wave of C is now going on. if the C is an ED, then each next sub-waves 3,4,5 will be smaller and smaller than its earlier sub-wave but in case of impulsive structure 3 is likely to be the largest of the subwaves and hence if the C correction turns out to be impulsive then only a big fall nearing 5030 can be expected and not the given tgts. at the moment we are watching for earlier tgts and structure. the picture will get clearer going forward.
total magnitude/tgts have already been given in earlier updates on ew, though the actuals may vary.
disclaimer: no ew softwares have ever been used for this analysis, iam doing it only by manual calculations/estimation.
Tuesday, November 27, 2007
Friday, November 23, 2007
update on my ew analysis...
total time estimated initially for flat corrective wave V4 completion was 16 days.
B had retraced exactly 95% of wave A.
C wave probable tgt was 5321 and today it came near it correction maybe mostly complete, the correction if it is still pending, then the next probable max tgts on downside would be 5263/5147/5117.
this is according to ew theory.
B had retraced exactly 95% of wave A.
C wave probable tgt was 5321 and today it came near it correction maybe mostly complete, the correction if it is still pending, then the next probable max tgts on downside would be 5263/5147/5117.
this is according to ew theory.
Wednesday, November 21, 2007
latest update on my ew analysis...
earlier i had assumed wave 4 of V as a flat corrective and everything going as per my prediction so far hence haven't changed the wave counts.
currently the larger C of 4th downwave is proceeding. wave A and wave B both were zigzags and C could be an impulsive structure or an ending diagonal and as such would be diffult to trade and picture will be clearer as it progresses hence general trend is to be followed. the C could terminate closer to previous low of A.
i estimate the time for completion of this correction in coming 3-8 days.
Tuesday, November 20, 2007
my ew analysis chart...
none of the counts/magnitudes being changed since last time, posting just the updated chart.
Monday, November 19, 2007
sensex and nifty yearly charts...
sensex and nifty yearly(all spot prices) charts with projections of future lvls.
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