Indian Bank Elliottwave Count

Indian Bank Elliottwave : Current Market Price 306 See chart : we were looking for a wave 5 up to new highs above 365. On the 2 week chart, Indian Bank had a clear 5 waves up from Aug 2013 to Dec 2014 (price 59.95 to 224.25) in wave 1 of larger degree.  Wave 2 […]

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STATE BANK OF INDIA – SBI Elliottwave

State Bank of India SBI Elliottwave : Drilling down from the monthly chart : It was clear that SBI was in a multi year triangle from 2008 (whether it was a B wave triangle in a larger ABC count or 4th wave triangle in an impulse wave can be debated, but the triangle is clear).  […]

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PSU BANK INDEX

PSU Bank Index  : Current Market price 3898 (can also be ready in conjunction with Bank Nifty Elliottwave post) Nifty PSU Bank Beautifully clear textbook elliottwave structure in the PSU Bank Index.  From Feb 2016 at 1894, there are 5 waves clearly visible till 3921 in May 2017 which completed wave 1 (or A), followed […]

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Yes Bank elliottwave

Yes bank elliottwave : Current market price 312 Yes Bank has a clear and simple structure.  Notice how it touched the trend line at 382 after completing 5 waves in a larger wave 3, and started falling.  It has completed its wave 3 of larger degree at 382 and is now in wave 4. Typically […]

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Defty Elliottwave – Nifty in US Dollars

Defty Elliottwave Count : Nifty in US Dollars : Current price 5,528 Nifty in USD terms (Defty) completed its primary wave 1 on cycle degree in Jan 2008 at 5,609.60. Defty currently appears to have begun wave 3 of Primary Degree from the recent late sept low at 5134.  The move to the upside should […]

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