Thursday, August 4, 2016

DishTV (by EOD Aug 4)



Two channels are drawn in 60min chart. one down (in blue) and one up (in green).
when price is touching the upper line of down (blue) channel, exit long. After that, depending on which channel it is going to follow, we should be in long or shot.




Sunday, July 31, 2016

DishTV (By EOW, EOD: July 29)

Lot Size = 7000
CMP: Future = 103.80. Spot = 102.90

Range for 1st week of Aug:
  •  93 to 112.75 (suggested by the up channel in the weekly chart)
Expected Trajectory: (From: CMP: 103.80)
  • CMP -> down to 102.50 (I would exit shot position around 102.75 or 103). 
  • Then up move to 107 (to complete 5 waves). Max it may go up to: 112.20.
  • Then bigger down move. This down move min tgt is: 102.50. Max tgt is: 96 (approx) - depending on whether it is returning from 107 or 112. 
  • It is also possible that after 107 correction to 102.5 then up move to 112 and bigger correction. Need to see how waves develop.
5min Chart:

  • -ve divergence is seen RSI chart from 98 to 104 (ie, from 3 to 5.3)
5min and 1 hour chart:
  • Broke the expanding diagonal at 101.50. 
    • Diagonal's min and max width are: 6 and 10 points (approx). So, possible tgt is 106.50 / 110.50.
Day Chart:
  • Historical peaks suggests that 104.xx and 109.xx are two good resistances.
  • Price is in a bigger diagonal which started on Feb 24. Price is nearing 4E of this bigger diagonal.
    • This bigger diagonal's min and max width are: 15 and 20 points (approx).
    • Bigger diagonal's 4E is at 105.
  • Inferance: 
    • So, after completing bigger 4E (ie, 105+/107+/112.20), we can expect a bigger correction whose targets can be found once we know the correction starting point.
    • If it goes above 107, I expect the wave may get the shape of extended 5th wave.
Weekly Chart:
  • Helped in capturing channel for 5th wave which started at 65.50 (on Feb 24). As per this channel resistance is around 112. (to complete V3)
Charts:










Friday, July 15, 2016

AirTel (by EOW and EOD 15-July-2016) -- diagonal - (tgt1 done in 2 days)


lot size: 1500.
CMP = 379.85

Hour chart:
1) diagonal. With E around 382~385. (Diagonal width=24 points.)

Day Chart:
1) B of ABC is expected to complete at 382~385.
2) 387.7 is the golden ratio of previous fall from 452.
3) For the past 6 years, this is caught in a diagonal/channel with parallel & horizontal boundaries.
4)

OI table:
Res = 380; sup = 360.

Elliot in 5min Chart:

  • 3.3 is about to get over. 3.4 and 3.5 (=3) are pending. As we are in a diagonal, reversal is expected from 3. 
  • Blue channel suggests, 3.3=382.xx, and 3.4 = 377.xx to 380 (approx). 
  • Ret table suggests, 3 may get completed around 386. 
  • Wave structure of E looks similar to D. So, I would expect 3 will be reached by Tuesday after noon. 


Tgt:
1) in hour chart, wolf fork line suggest tgt.
2) Based on Diagonal rules: tgt1 = 360 (channel bottom), tgt2=335 (=360-25 - diagonal tgt), tgt3= 326.x ( 4th wave of pervious up move ended here).

Strategy:
1) Keep one short ready always at: 385 or 386.
1) Every hour, short at channel top minus 50 paise.
2) Probably, short two lots.

Observation:
1) Day chart suggests that Channel top will be tested once or twice (monday & wednesday).
2) it has taken only 3 days to from top to bottom or bottom to top of channel.

Note on how I got noticed:
It is listed under "Raising slow and steady" with rank 6 in BazaarTrend.

Actual result:
1) tgt1 done in 2 days. (1hr chart attached) -- But not utilised as E ended early.







Actual results:


Tuesday, September 29, 2015

DLF (By EOD Sep 29, 2015)


Charts suggests down move towards 5.4D (ie, 93+) of day chart is possible.





Monday, September 21, 2015

Sunday, March 22, 2015

NIFTY Near Term By Mar 20 EOD - Sell On Raise

Sell On Raise.

Day Chart Suggests:

  • 5 waves completed at 9119.20, with -ve divergence.
  • So, under-going good correction.
  • So, reasonable to expect NIFTY to touch blue channel bottom (C=8066 approx), with intermediate support at A (8471 approx).
Attached snap shots of NIFTY-Spot (Day Chart), NIFTY1 (60min and 5min charts)

Channels in 5min and 60min charts suggests where to buy/sell.





Tuesday, March 17, 2015

ONGC - Medium Term View - Sell On Raise

View:

  • Sell On Raise. 
  • CMP: 311.70 (FUT) and 314.20 (SPOT)
  • Tgt: 250 ~ 270

Other info:
  • Lot Size: 500
  • Future is in discounted price of about 3Rs.
  • Seller:buyer = 5:2
Charts:
Weekly, Day, 1hr and 5min Charts: