TCS stock chart revisited

I realize that some of you are wondering about what I think about TCS now that we have rallied to a new high this year. Recall that I was talking of a significant downmove in this stock. However, I wouldn’t be surprised if you didn’t remember that my call was more of...

Qua Vadis NSEI?

Everything depends on whether or not a 5-wave move has finished at 6338. If indeed it has, then the current recovery can only be an X wave separating two sets of abc. How high can the X wave go is something we cannot be sure of. But it is safe to say that any move...

Wrong-footed on DLF

A few days back, during my interview with Deepak Shenoy, I had suggested that one should wait for at least 185 to buy the stock as I continued to be bearish for that stock (it was trading around 210 at that time, in late Feb). I returned from my holidays and looked at...

Elliott Wave Analysis of Cairn India

I thought I’d take a quick look at the chart of CAIRN india before shutting down for the upcoming holidays. But I ended up spending a good 30 minutes trying to decipher what was going on. At long last, I have come up with my best version and here is the bottom line. A...

Elliott Wave Analysis: Freaky Price Movements

A reader asked how to deal with freak price movements, and cited the stock of Ashok Leyland as an example. Apparently, such movements are common in mid-cap stocks. Well, I decided it is worth the time to look at Ashok Leyland, and here is the Elliott Wave Analysis. As...