Elliott Wave Analysis of DLF Indian Stock

I am bearish for DLF (a much followed Indian Stock)  and expect it to reach at least 215. However, the better level to sell will be near 290.00 Take a look at the chart where I have given detailed elliott wave analysis of DLF. Clearly, there is a preferred level to...

ELliott wave outlook for Tata Steel

My last Elliott wave update on Tata Steel was back on 18th June. Since then, this stock has behaved perfectly from a technical point of view. Once the extended fifth wave was  completed, there was no surprise in the move that followed (and continues to develop). As I...

Opto Circuits India – Elliott Wave Analysis

Opto Circuits India Ltd appears in many portfolios that have Bharat Shah as the advisor. (Incidentally, Bharat  is the famed fund manager from Ask Investment Managers). As Bharat is a value investor, I figured that he and his team must have done sufficient research...

Tata Steel breaks chart support

Tata Steel breaks support A technical trader has to watch a few things carefully, especially if we are in the fourth wave position. First, see if the 2nd wave was a simple correction. If you can confirm to yourself that the second wave was a simple one, then the...

Tata Steel in fourth wave triangle

Tata steel in fourth wave triangle Tata Steel has come a long way from its lows, and after a steep third wave rally that ran 300% of its first wave, the stock has corrected 23.6% as a fourth wave triangle.  Look out for any sharp break above the upper boundary of the...