BIOCON

Biocon Elliottwave : CMP 406 Biocon appears to have completed wave D of a 4th wave triangle.  Expect some downside price movement in 3 waves to between 330 – 380 levels before a 5th wave higher eventually takes price to above 500 based on 4th wave triangle measurement.  

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PFC Power Finance Corporation

PFC Power Finance Corporation Elliottwave : 2 counts : Primary Count : Long term triangle has completed in Feb 2016 at 70.13 and price should head up to above 192.50 (wave B high).  For this count to remain valid, it would help if price did not test the wave 4 low at 115. Alternate Count […]

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IPCA LABS

IPCA Labs Elliottwave Count : This is a stock that seems to follow elliottwave guidelines with almost mathematical precision. Below is a monthly chart of Ipca.  Wave 4 on primary degree appears to be complete in Aug 2017 at price of 400.  Notice that Wave 3 on primary degree ended at 906 in Feb 2014, […]

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IDFC

IDFC Elliottwave count : immediate opportunity present Monthly chart shows a large cycle degree triangle completed at wave E at 57.65. Notice how Wave E formed a triangle in and by itself.  This is known as a 9 wave triangle. Following the completion of Wave E on Sept 25, 2017, price thrusts out and up.  […]

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ICICI Elliottwave

ICICI Elliottwave : For investors in ICICI, the stark difference between HDFC Bank stock performance and ICICI bank from 2008 to present stands out like a sore thumb.   While we do not discuss fundamentals, our elliottwave count explain the reasoning perfectly well. We start by comparing the charts the unlabelled charts of HDFC bank and […]

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Reliance Industries

Reliance Elliottwave Count CMP 929 In what surely must rank as one of the most frustrating stocks for buy and hold investors from 2008 to 2017, reliance went sideways in a bullish triangle for 7+ years before the expected thrust.  Even the thrust started innocuously enough with a leading diagonal as wave 1 (which made […]

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EMAMI elliottwave

Emami Elliottwave : CMP 1260 Emami has been in a 4th wave triangle since Aug 2015.  Triangles can be a real struggle for investors but joy for traders as price seems to be fixed upon moving in a range for the longest possible time. Investors get frustrated at lack of progress and just when they […]

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UNITED SPIRITS – MCDOWELL R

United Spirits McDowell-R Elliottwave Count : Price is currently in 5th of a 3rd of 3rd wave.  There is still much upside to come and should easily take out the previous high of 4060. Monthly chart shown below. 2 likely scenarios for the end of the 5th wave of minor degree occur at 1) the […]

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GSFC Elliottwave

GSFC Elliottwave Count : Monthly chart : Shows a stairstep sequnce of ones and twos, portending 3rd waves up on several degrees of trend. On Shorter time frames, corrections of 5-10% are possible, but larger term trend appears strongly to be to the upside.  

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Punjab National Bank PNB

Punjab National Bank PNB Elliottwave : Wave 1 on cycle degree ended at 279 in Oct 2010. Wave 2 on cycle degree ended at 69.40 in Feb 2016 with a combination correction ABC-X-ABC or WXY. Wave 1 on primary degree : Since wave 2 low at 69.40, clear 5 waves visible to 164.30 in Nov […]

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