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  #21 (permalink)  
Old 17-11-2014, 11:59 AM
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I am posting daily chart of Century Textile. Wave 2 retraced almost 50% to wave 1. Wave 3 is almost 300% extension of wave 1. Wave 4 retraced 38.2% of wave 3. Intermediate wave (3) has started. If the price goes above the 600 level the minimum target is 664.



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Old 18-11-2014, 10:52 AM
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Would appreciate views on Cairn weekly charts whenever time permits - Thanks
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Old 18-11-2014, 12:54 PM
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I am posting weekly chart of RCOM. Prime wave [1] has completed. It seems that the prime wave [2] has also completed. Now we are in wave [3], If the price goes above the 111 level one can buy for the target of 165.25 with a stop loss of 92 rupees.



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Old 18-11-2014, 01:24 PM
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Originally Posted by rohit View Post
Would appreciate views on Cairn weekly charts whenever time permits - Thanks

I am posting weekly chart of CAIRN. Five waves has completed. It has been in correction mode since 20-08-2010. It has almost completed triple three pattern, there is support near 248 level. If it takes support here then we are in wave [3] or we can remain in correction. See how wave [2] unfolds further.



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Old 19-11-2014, 09:44 AM
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I am posting weekly chart of RELINFRA. It seems we are in prime wave [3]. Buy near 658 with stop loss of 610 and target of rs. 775.



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Old 20-11-2014, 01:32 PM
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I am posting weekly chart of DRREDDY. Wave (3) is somewhat greater than wave (1). 100% and 161.8% extensions of wave (1) are at levels 3737.04 and 4656.86 respectively. On these levels wave (5) may terminate and correction may follow.



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Old 20-11-2014, 04:57 PM
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I am posting weekly chart of AXISBANK. Now wave (5) is equal to wave (1). There is negative divergence between peak(3) and peak(5) and wave (5) has almost reached to the upper channel line. This may be the termination of wave (5). A correction may take place up to the level of 407.29.



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Old 21-11-2014, 06:59 PM
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I am posting weekly chart of TECHM. Now wave (5) is twice to wave (1).Wave (5) has reached to the upper channel line. This may be the termination of wave (5). A correction may take place up to the level of 2350 or if it is broken then to 2050.



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Old 22-11-2014, 10:38 AM
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sir if time permit can you post charts of Rpower
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Old 23-11-2014, 09:57 AM
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Originally Posted by praveen taneja View Post
sir if time permit can you post charts of Rpower

There are two probable scenario in case of RPOWER, I will describe both.

On weekly chart of RPOWER, it is forming descending triangle. If support of 68.07 is broken then the next support is at 58.31. If both supports are broken then there will be further weakness.



On daily chart, if the price goes above 80.25 level then we can confirm that we are in intermediate wave (3) and can think of going long.



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