Let me thank "Sweety" for bringing my attention to this stock as it reinforces my EW of index & other stocks.I was also able to develop a quick file for this stock which could be duplicated for studying other stocks.
Saturday, March 28, 2009
Aban..looks bullish
This is one of the market favourite but fell from a high of 5400 to 220 due to market sentiment.It shows strong reversal on a completed wave structure with +ve div appearing in daily & weekly charts. Volume pattern suggests a continuation of uptrend towards 512 + in the short term and 825 + in the medium term...Corrections if any may be restricted to 400 for Monday and may change subsequently as per price behaviour.SL for longs should be 345.The rising channel support comes at 375. Exit on this channel break..
Let me thank "Sweety" for bringing my attention to this stock as it reinforces my EW of index & other stocks.I was also able to develop a quick file for this stock which could be duplicated for studying other stocks.
Let me thank "Sweety" for bringing my attention to this stock as it reinforces my EW of index & other stocks.I was also able to develop a quick file for this stock which could be duplicated for studying other stocks.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
2 comments:
hi,
what is this 11% rule u talked about in your post.
Regards
Ilango ji, Tnx for the analysis in response to my request. It is nice... though i made good money in this stock, i missed the price action from 1000 to 220 to again 440. I will put it again in my watch list.
Regards
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