Nifty 50 Blog post

Nifty 50 Elliott Wave Analysis – Blog post. Today morning, after a brief spike upwards, price turned down from 11,704.  Before the market opened this morning (April 8th 2019), we said : Quote On the 30 minute chart, there is a 5 wave down from 11,760.90 to 11,561.  Price should turn lower between 11,684 – 11,720.  […]

Continue reading

Stocks to watch

We have introduced a page under Setups called “Stocks to watch or trade”.  It is under the “Setups” menu option. These are the stocks that have the cleanest structures and good to excellent profit potential. This would make the job of filtering stocks easier for subscribers. Here is the link.

Continue reading

Broker Review

Disclaimer : We do not make any commission from the below brokerages, nor are we affiliated with them in any way, shape, or form.  We think they are excellent, but please do your own research and choose these or any other broker that suits you. —————————- Zerodha review : These guys have been in the news […]

Continue reading

Ramco Cements – A trade gone wrong

Sometimes we get it wrong too ! Or price doesn’t follow structure ! or Both ! Basically, our stop loss got triggered. We have happily broadcast our successes in our blog.  It’s only fair to broadcast a failure too. This was the setup structure chart (bearish triangle expecting a thrust lower)… followed by the bullish […]

Continue reading

Exide – Wait & Watch

Exide Elliott Wave Analysis. As on 2 March 2019. CMP 218 Price appears to have completed a wave X on primary degree at 305 with an ending diagonal.  If this count is correct, it is extremely bearish, and calls for a decline at least to below **. On the 3 day chart, price has probably […]

Continue reading

L&T Trade Setup Video Analysis

L&T Elliott Wave Analysis. As on 27 Feb 2019. CMP 1293 In the short term, we have a clear 5 waves down from 1459 to 1202, thereby providing us a trade setup. Short Sell : 1355 – 1400 Stop Loss : 1465 Target : Apprx 1100 The larger term picture can be interpreted in a […]

Continue reading

NALCO – 28% Profit on trade in progress

NALCO – 28% Profit on trade in progress (and counting … trade not yet closed).  Current price of Nalco 48.50 (low of 46.25 reached last week). We are still waiting for target 45 to be reached to close the trade. From Oct 1st 2018, we had a clear bearish set up on Nalco.  When was […]

Continue reading

Whats up (or down) with Dr. Reddy’s ?

Whats up (or down) with Dr. Reddy’s ? 30% drop intra-day.  Closes 4% lower. On 15th Feb (yesterday) Bloomberg Quint said “U.S. Regulator reiterates concern about Dr. Reddy’s telangana plant”.  https://www.bloombergquint.com/markets/dr-reddys-tumbles-30-as-us-regulator-reiterates-concerns-about-telangana-plant#gs.Y3E9MfRi On 11th Feb, monday (5 days ago) we absolutely nailed this call with a recommendation for Immediate Short Sell at Current levels.   Our post […]

Continue reading

Ajanta Pharma – 21% profit in apprx 35 days

Ajanta Pharma – a straightforward trade yielded 21% in approx 35 days. Short Sold 1195. Trade closed at 935. Profit 21% in approx 35 days. Nothing fancy.  5 waves down.  Trend established.  Took a short sell on 3 waves counter-trend rally. The 5 waves down were from 1294 to 941 (Wave A).  Price corrected in […]

Continue reading