Ranbaxy 29 Jul 2013 : Broken Down

I had written about Ranbaxy on 01 June 2013 at Mission 2020 for Ranbaxy.....Roughly Speaking and things did work out as expected.  However, today a very long term APF has been breached and if it is not regained soon, Ranbaxy may head towards 160-170. 

Nifty 23 July 2013 : An intermediate correction. Fall may commence any time.

I perceive that Nifty is in an ET and the present rise will be resisted near or slightly above 6100.  The chart below is the basis.

ICICI Bank 21 july 2013 : Broken down and will crash after a brief recovery.

ICICI Bank has breached an important channel in the LT.  After a brief correction, it is highly probable that it heads towards 600.

The chart below shows APFs in the LT alongwith an Inv H&S in brown color (which has possibly met its target).  Presently the price action is heading towards LTL of purple APF and is presently hitting a support line.  A bounce is expected from here before the fall is resumed.

The chart below  shows a MT WW, which targets much lower and will take a much longer time before the target is reached.  The support is shown with green arrow heads.  Presently, the purple channel needs to be used for trading.  A bounce is expected to purple UTL from here, which should be used for shorting for targets of 900, 850 and 750 roughly.

Larsen and Toubro 20 July 2013 : Can surprise both bulls and bears

LT is at a critical stage and has the potential to surprise in both directions. 

The chart below shows the longest term data that could be gathered.  As I perceive, it could be in a CT.  The support is shown in green arrow-heads and resistance is shown in red arrow-heads.  Some important TLs and APFs are also shown.  Based on the APFs, the general trend appears to be bearish, but considering the cluster of TLs near the price action, it could languish at these levels for some more time before breaking out.

 The chart below shows two wolfe waves.  The one in blue is a bearish wolfe that has an un-achievable targets (atleast so it appears at the moment).  The red one is a bullish wolfe, but it is still in the formative stage.  To complete the pattern, the price action needs to go below red LTL and in my perception, 800-850 levels may provide support.

 The chart below shows a yellow band, which is a caution zone or no trade zone.  Above this band, it could target 1075 and 1250.  If it dips below the caution zone, it has the potential to show 800 and 550.

A straddle could be the ideal trade for this one for the time being.

Results may fail to catalyze any major activity.

Reliance 19 Jul 2013 : Fall may be Imminent

Basing the inference purely on the WWs...

Bullish 

Red WW is almost done and the blue has target near 960.

Bearish 

Below 910 the fall should pick up pace.....

Maruti 08 July 2013 : In a Bear Grip

Maruti seems to be headed down for much larger dips.  It has three bearish wolfe waves.  The weekest among them targets 1200 or lower.  And....if the strongest has its say, it may dip towards 700.  Have a look...

Nifty 08 July 2013: Headed Higher.

Moving ahead from the inferences I had drawn in my last post Nifty on 24 June 2013 will be at a Crucial Zone.....Caution for Bears  .... The likely moves of Nifty in next couple of days is given in the chart below...

Infosys 07 July 2013 : A very Long term Wolfe

A Long Term Wolfe Wave

 
Two EW Alternates

Short term bullish




















Short term bearish but may rise a bit before falling.

Trade Setup

Buy and hold 2300 PE and 2600 CE.  Sq off gaining position at 2800+ or 2250-  or near red and green arrows on the first chart.