• About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
Top News

Has Meta (Facebook) stock seen the bottom

March 21, 2022

What Is The Nearest Technical Support For Meta (NASDAQ: FB)

February 7, 2022

Using Elliott Waves to Capture a Trade in S&P500

January 27, 2022
Facebook Twitter Instagram
Facebook Twitter Instagram
WaveTimes Blog WaveTimes Blog
Wave times
  • About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
WaveTimes Blog WaveTimes Blog
Home » Opto Circuits India – Elliott Wave Analysis
Indian Stocks Trading

Opto Circuits India – Elliott Wave Analysis

RamkiBy RamkiJuly 29, 2009No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email

Opto Circutis India Ltd

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 about the desirability to have this stock in their portfolio for the long haul.  As I have recently decided to start investing in India myself, it made sense to look at each of the many stocks he has in his kitty. The first one I looked at is Opto Circuits.

We all know that even if we select a good stock, the price we pay for it will determine our investment success. Thus, I am willing to wait for a level where I will be comfortable buying Opto Circuits. Take a look at the attached chart, where you will see Elliott Wave counts of this Indian stock. You will observe that after a five wave move higher from its lows, the stock has already corrected by 50%. However, if that dip was the 2ndwave, shouldn’t the next rally be substantially stronger (being a potential 3rd wave)? This is not the case. Clearly, we seem to be in the middle of a so-called second retracement that often shows up when we get an extended fifth wave. The bottom line is, using Elliott wave analysis, we can conclude that a desirable price to start accumulating OptoCircuits will be not before 118.00. Accordingly, I am going to set my alerts in Money Control to send me an email when we reach 120. Now don’t be surprised if this stock first goes to 220. I don’t care even if it goes to the moon. The time to buy this will be near 117. Cheers!

Bharat Shah exended fifth wave fifth wave extension Opto Circuits India
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleFifth wave opportunity: USD/YEN case study
Next Article Sterling Pound reaches first target
Ramki
  • Website

Related Posts

When Elliott Waves applauds the promoter’s signals!

January 3, 2022

A soft quarter for TCS – Avoid or Add – Contd.

October 13, 2021

A soft quarter for TCS — Avoid or add?

October 12, 2021
Add A Comment

Leave A Reply Cancel Reply

Recent Posts
  • Has Meta (Facebook) stock seen the bottom
  • What Is The Nearest Technical Support For Meta (NASDAQ: FB)
  • Using Elliott Waves to Capture a Trade in S&P500
  • Hedge Funds and Elliott Waves – Netflix $NFLX
  • When Elliott Waves applauds the promoter’s signals!

WaveTimes is a Research Organization dedicated to providing original analysis, reports, reviews, and insights on developments in mutual funds, stocks, investing, foreign exchange, commodities, and bonds.

Contact WaveTimes

L-601 Mantri Espana,

Kariyammana Agrahara, Bellandur, Bangalore 560103

Follow Us

  • Facebook
  • YouTube
  • Twitter

© 2023 Wave Times. All Rights Reserved.
  • About
  • Books
  • Privacy Policy
  • Policies and Standards

Type above and press Enter to search. Press Esc to cancel.