by Ramki | Sep 27, 2010 | India
Some readers have been asking about outlook on Sensex. I had done this a few days back but forgot to post it. As usual, the main comments appear on the chart itself.
by Ramki | Aug 8, 2010 | India
Sometimes a wave count will remain valid for a long time. This is the case with India’s Sensex. I had posted my wave count back on 4th January 2010. At that time, I suggested that we will see the development of a 5th wave that could take us to 18550. The high so far...
by Ramki | Jan 4, 2010 | India
Two consecutive closes above the prior significant high means we should re-evaluate the wave counts and this has been done on the chart. The main suspect until this time is what I have labelled a 5th wave of the third wave. That looks like a 3-wave movement withthe...
by Ramki | Sep 4, 2009 | India
Exactly a month ago, on 4th August, I presented you with technical analysis of India’s Sensex index (BESEN). In that Elliott Wave update of the Sensex, you saw that there was room for it to reach 16045 or 16115. Nothing has changed in the last four weeks to that...
by Ramki | Aug 19, 2009 | India
Repeated tests of a support line makes that level important in the big picture. So far, the Indian benchmark Sensex has managed to hold above the support line shown in the chart. However, if we get a break of that, then technical selling will take the index down to...
by Ramki | Aug 16, 2009 | India
Sure, India now has a stable government in place. But listen up, folks. Are we not getting ahead a bit too soon too far? After all, the news from the weather man has been anything but exciting, with a failed monsson. Add to that the swine flu problem, not to mention...
