How to trade using Elliott Waves

This post seeks to illustrate how to trade using Elliott Waves. My goal is not to give you a comprehensive answer to this question, but to show you how to deal with a move that is happening. The Indian markets have been moving nicely higher in recent weeks, and I am...

Bajaj Auto: Elliott Wave update

On January 10, I had suggested that Bajaj Auto appeared to be a good candidate that could go against the gathering bullishness in the overall market. The speed of the recovery in this stock is unsettling, and I have clearly become over confident about the prospect on...

Bajaj Auto – Elliott Wave Analysis

Elliott Wave Analysis is a dynamic tool. We should not use it as a simple forecasting tool, rather as something which will guide our trading decisions. We should look at our charts, and make up our mind as to what is the most likely scenario. Then we sit and wait. If...

Easy Trade in ICICI Bank stock

In my last Elliott Wave update for Indian stocks, I pointed out that ICICI bank was approaching a buy zone. At that time, I was suggesting buying in stages from 620, but you could have done better and purchased at 642 if you had followed the methods described in Five...

Elliott Wave Analysis of IDBI Bank, India

Even if you have no interest in trading INdian stocks, you have something to learn from these posts! Sometimes, a chart almost screams out a sell, and IDBI was one such stock back near the highs. (Rememebr my video on TCS and stubborn bearish calls despite all the...