State Bank of India, Analysis

Success Story, A Analysis on Rel Cap

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

"Haven't I told you?" ITC Reversal

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

ITC- Reversal

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 bullish  

See yesterdays article on ITC: Click here

ITC, wave analysis

After seeing a bearish divergence the stock went to a correction we are currently seeing last wave correction . ITC have started showing a bullish divergence,  stock is having a support around 270

Sangamesh.K.S on Myers-Briggs Type Indicator

Tata Steel, Elliott Wave Analysis

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 1^st 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).