Sunday, January 27, 2013
Monday, January 21, 2013
On 26th November 2012 I had told this stock will shoot up. And I was right, the stock gave nearly 30% return. Know I find this stock to be at a profit booking stock as we are seeing a bearish divergence.
Strategy: profit booking, can go with a fresh buy if it cross over 520 level.
Look for my previous article on Rel cap(on 26/11/12): Click Here
Tuesday, January 15, 2013
I repeatedly wrote 2 articles regarding ITC Ltd seeing a possible reversal. I gave an exact support when a guy asked me a query, on my Blog. The stock was in a corrective phase where I saw a bullish divergence and predicted well before it happened.
- My article on ITC where I told it will go into a corrective Phase(Date:20/12/2012): Click Here
- My article on ITC where I spotted a reversal (Date:8/1/2013):Click Here
- My article on ITC standing on my support(Date:7/1/2012):Click Here
Tuesday, January 8, 2013
Yesterday at this time I wrote an article on wave analysis and and other factors in ITC. The wave seen in ITC Ltd is a Zig-Zag corrective wave along with it we are seeing a bullish divergence in this stocks. The stock have shown a reversal know.
Conclusion: can go with a good stop loss, it have a target of 10%.
Strategy: see for down-trend line, if it break today. Then bullishSee yesterdays article on ITC: Click here
Monday, January 7, 2013
Sunday, January 6, 2013
It’s almost a year or more I have been observing that Tata Steel is more sentimental towards gaps theory. This phenomenon may be usual and may be seen in many stocks but we are seeing this "gap theory" again and again in tata steel. Long ago I was speaking regarding "Magical support" of sensex. But Tata steel have too much of such SAR
The stock has started to correct and have a possible correction till around 417 and move in the bullish channel.
Elliot Wave Analysis
This is my 1st EWT analysis. Currently we are seeing Tata steel correcting. It has just started corrective wave A and may have a support as mentioned above (around 417).