by Ramki | May 4, 2009 | Indian Stocks Trading
Tata Steel Ltd in Wave 3?For a while now we have been working under the paradigm that Indian stock markets have bottomed out, and we are in a new bull market. In the case of many stocks this translates into a third wave position at the present time because we have...
by Ramki | Apr 8, 2009 | Indian Stocks Trading
Most of you know that Fibonacci ratio analysis and Elliott Wave analysis go hand in hand. (Beware of the tendency to think that ratio analysis is more important than understanding the personality of the waves that make up a move). In this post, I am going to show you...
by Ramki | Dec 24, 2008 | Indian Stocks Trading
A few days back I mentioned that Rs.324 was an important level for this stock, and a break past that will expose Rs 408. We ran into some good selling around the 324 level, and we are correcting down now. Here is an update, with two charts. DLF
by Ramki | Dec 21, 2008 | Indian Stocks Trading
A reader has requested for technical analysis on the Indian Real Estate sector, and I chose DLF because it was first on his list. The current move looks quite strong, and all we need is a break past early resistance at 323 for it to continue to 408 area. I wouldn’t be...
by Ramki | Dec 18, 2008 | Indian Stocks Trading
Even if you are from the West, and have no interest in a company that is called Global Investment House, Kuwait, you would learn something by looking at the way the waves have been labelled. Likewise with the Sensex, which is the Bombay Stock Exchange Sensitive Index....
by Ramki | Dec 17, 2008 | Indian Stocks Trading
On 11 Dec 2008, we suggested that it might be worthwhile to get out of Tata Tea near the 574 level. (That trading idea was inspired by using elliot wave analysis).The actual high was 577, and the stock has since declined to 530, and probably has more to go. Take a...
