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  #11 (permalink)  
Old 12-11-2014, 02:34 PM
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Wave 2 retraced 38.2% to wave 1. Wave 3 is almost 161.8% extension of wave 1. Wave 4 retraced 61.8% of wave 3. There are two levels one is 265 and second is 231. If price goes below 231 then the wave 4 is not yet completed but if price goes above 265 then we are in wave 5 and our minimum target would be 318.



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Old 13-11-2014, 03:46 PM
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Wave [2] retraced 38.2% to wave [1]. Wave [3] is almost 161.8% extension of wave [1]. Wave [4] retraced 23.6% of wave [3]. Wave [5] is almost equal to [1]. There is head and shoulder pattern is forming. There is negative divergence beteen peak[3] and peak[5]. So it may correct to 2255 next level may be 1892.



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Last edited by sandeep-gupta; 13-11-2014 at 03:49 PM.
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Old 14-11-2014, 10:42 AM
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Wave 2 retraced 50% to wave 1. Wave 3 is 261.8% extension of wave 1.Wave 5 is now 161.8% extension to 1. There may be possibility that 5th wave may unfold as ending diagonal. Let us see what happens in future.



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Old 14-11-2014, 11:28 AM
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Wave 2 retraced 78.6% to wave 1. Wave 3 is 300% extension of wave 1.Wave 4 retraced 50% of wave 3. Wave 5 is 423.6% extension to 1. A-B-C wave correction has almost completed to 61.8% of wave 1-5. Once this correction is completed and some signs of reversal say bullish candlesticks are formed, one can think of taking long trade.



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Old 14-11-2014, 02:21 PM
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I am posting daily chart of Apollo Hospitals Enterprise Limited. We are in intermediate wave (5) of prime wave [3]. If we count alternatively and mark the chart [A], [B] and [C] and assume wave [A] = wave [C], then one can expect a target of 1400 in near future.



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Old 15-11-2014, 09:58 AM
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Share of Arvind Ltd is correcting. If it break below 262 level then there is further weakness to the level of 215.



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Old 15-11-2014, 02:39 PM
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I am posting weekly chart of PNB. Wave (2) retraced almost 61.8% to wave (1). Wave (3) is 223.6% extension of wave (1). Wave (4) retraced 38.2% of wave (3). Wave (4) is unfolding, once this correction is complete, we can think of taking long position. It seems that the correction will complete near the levels of 857.95.



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Last edited by sandeep-gupta; 16-11-2014 at 09:30 AM.
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Old 15-11-2014, 03:36 PM
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Originally Posted by sandeep-gupta View Post
Wave (2) retraced almost 61.8% to wave (1). Wave (3) is 223.6% extension of wave (1). Wave (4) retraced 38.2% of wave (3). Wave (4) is unfolding, once this correction is complete, we can think of taking long position. It seems that the correction will complete near the levels of 857.95.



Disclaimer: This and all the ideas I present are for educational purpose only.

Sir ji stock kaunsi hay and tf vi mujhe pata nehi chala ....
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Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Consider us a dumb -dumble guy in this analysis, any type of real time example will be quick-learn approach.
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Old 16-11-2014, 09:32 AM
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Originally Posted by nTuple View Post
Sir ji stock kaunsi hay and tf vi mujhe pata nehi chala ....

Chart is PNB and time frame is weekly.
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Old 16-11-2014, 04:20 PM
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I am posting weekly chart of Biocon to understand its structure.




I am posting daily chart of Biocon. Wave 2 retraced almost 61.8% to wave 1. Wave 3 is 200% extension of wave 1. Wave 4 retraced 38.2% of wave 3. Wave 5 is 127.2% extension of wave 1.Head and shoulder pattern is forming. First support is at 420.58 and second support is at 338.65.




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Last edited by sandeep-gupta; 16-11-2014 at 04:22 PM.
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