Graphite Analysis

30 May 2020 Graphite’s Tendencies Graphite Elliott Wave Analysis. As on 30 May 2020. CMP 182 Upcoming opportunity A small wave 1 up is likely complete at 251.  Given Graphite’s tendencies for exaggerated moves, an entry at the 61% ~78% fibo retrace is preferred (of course there is no guarantee it would reach there, which […]

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Havells – A Detailed Study

Havells Elliott Wave Analysis. As on 30 May 2020. CMP 497 Current Opportunity !! Havells presents some interesting pictures.  From our earlier post of 7 May when price was 491 “Despite the conflicts, the bias is to at least one more low below 458.” On 19 May, price made a small new low at 447. […]

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NBCC Elliott Wave Analysis

NBCC Elliott Wave Analysis. As on 30 May 2020. CMP 17 A new low below 14.05 is still the expectation.  No change since previous to last post of 13 April. NBCC’s structure has been clear for a long time, and price has moved pretty much as forecast. NBCC started it’s decline a long time ago.  […]

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UPL Elliott Wave Analysis

UPL Elliott Wave Analysis. As on 30 May 2020. CMP 406 Bottom line : Neutral. The 240 level is either wave iii down or wave A down (Price tested strong trend channel support since 2012) .  The rally since 240 is either wave iv or wave b. Neither the decline to 240 nor the subsequent […]

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Interglobe Aviation Analysis

Interglobe Aviation Analysis. As on 30 May 2020. CMP 965 The decline from 1911 could equally be an ABC instead of a 1-2-3.  We are cautiously bullish. Only a breach of 1050 with an increase in volume would allow us to take a bullish trade. Conversely a breakdown from 870 would be bearish, and bring […]

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IRCTC Elliott Wave Analysis

IRCTC Elliott Wave Analysis. As on 30 May 2020. CMP 1410 IRCTC is all over the place. On the daily chart, price appears to be in a small triangle.  Given the larger count is not clear, the triangle could break either way. A rally to 1450 is likely to be a bullish signal for continued […]

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Dixon Technologies Analysis

Dixon Technologies Elliott Wave Analysis. As on 30 May 2020. CMP 4880 The bullish triangle hypothesis from previous post did not materialize.  We remain neutral. We do not have a clear handle on Dixon at this time. The only clear aspect is the green trend line, which suggests a bullish opportunity in case of a […]

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Bharat Forge Analysis

Bharat Forge Elliott Wave Analysis. As on 30 May 2020. CMP 327 The rally could extend further.  If it reaches above 379 (wave 1 low), that would call for a re-evaluation of this count, and this rally would then be counted as wave B. We are neutral.

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ABB India Analysis

ABB India Analysis. As on 30 May 2020. CMP 743 The decline to 722 is sufficient.  It has unfolded in 5 waves from 1411 and has touched the lower trend channel line. A rally or bounce is expected.  There is also positive MACD divergence. But the above is not enough to take a trade. We […]

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Concor Elliott Wave Analysis

Concor Elliott Wave Analysis. As on 30 May 2020. CMP 377 Has an ascending triangle formed ? An upside breach of 399 would bolster the case and a daily close at or above 410 would be confirmation for a bullish entry. Keep relevant alerts. We remain watchful. Subscribers who are new to technical analysis can […]

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