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 […]

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 […]

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 […]

The current thinking amongst the Indian intelligentsia seems to be that Technical Analysis is for short term trading only, and has no value for long term investors.  We heartily disagree with this line of thinking.  Technical analysis, and especially the wave principle works on all time frames.  Is it 100% correct all the time ? No. […]

Godrej Consumer – bearish triangle hypothesis.  CMP 688 On 23 Jan, when price was at 791, we said this “It is still early days, but our working hypothesis is Intermediate term price could be in a bearish triangle.  Short term we expect price to commence a decline to 643 or below in wave B of […]

CEAT – a clear short setup.  Current price 1082 There was a clear short setup – 5 waves down from 1458 to 989.  Simple, clear, and elegant. Today 4th Feb 2019, we recommended closing half the position at market price for a 20% profit and allowing the balance position to run until target.  Result : […]

Profit of 10.4% in 2 weeks. 2 weeks ago, on 17 Jan 2019, we had a clear short sell opportunity on Tata Elxsi. But we had to wait a while for a clear opportunity.  We did not get a clear signal in the decline in waves 1 and 3, but we did get a clear […]

Dear Subscribers, As markets have turned volatile, our analysis has kept pace.   We reached our all time high in December 2018 with 466 posts. In the last 3 months, this is how we’ve stacked up. Dec 2018 : 466 posts Nov 2018 : 335 posts Oct 2018 :  324 posts At the end of October […]

Future Retail – A significant decline when the broader indexes rallied. — 3 days ago, when price was at 559, our post said this.. Quote Future Retail Elliott Wave Analysis. As on 24 Dec 2018. CMP 559 We cannot rule out small rallies above 569 but the next significant move should be lower.  Unquote On […]

Every trader is looking for consistency in results.  That also means consistency in approach.  There must be a clear trading plan where trades are planned in advance.  A clear trading plan is essential to trading.  We are not providing you with the rules, because every trader has a different psychology and risk appetite. We can […]