NSE:GOKULAGRO seem to have started major wave 3 as per this monthly chart. Wave 3 has already surpassed the wave 1 high. Rarely do we see such clean wave structure. You can see the wave 1 counts, including internal wave counts, very clearly. Stock is trading at 235 right now and as per wave equality…
Bhansali Engineering Polymers (NSE:BEPL) has given a breakout in monthly chart with decent volumes. This was caught by my breakout scanner. A quick look revealed that this breakout is supported by Elliott Wave counts. Counts marked in green are the primary wave counts in this case. Numerical counts in blue are the internal wave counts…
Here is the monthly chart of MBL Infrastructure (NSE:MBLINFRA). It caught my eye due to a large move this month with great volumes. What’s more interesting is that the structure of the stock looks “textbook” example of Elliott Waves. Long term counts are marked in green with a circle around counts. Intermediate counts are in…
If you’re like me, you’re always on the lookout for the next trading book to pick to improve your trading skills. I bought a Kindle with unlimited subscription only because I found that there were dozens of trading books available in the subscription. If I bought all those books, it would have cost me a…
I was reviewing long term EW counts of NIFTY and here is what I think. Overall, I can see potential 2 alternatives and have highlighted them in blue and red respectively. This is a monthly chart. Blue AlternativeLet’s start with blue counts first. Larger degree wave 1 (marked by square blue box) which started from…
In the above weekly chart of Snowman Logistics (SNOWMAN), we can see H&S (Head and Shoulders) pattern formation over a period of nearly 7 years and now it has broken out from the pattern. Re-test of the neckline also seem to have been done in last few weeks and neckline provided good support. If we…
MANAKSTEEL (Manaksia Steels) has broken out in WTF with good volumes. In last 2 weeks, stock has already moved nearly 60% up but still there is room to go further up. If I take the breakout from the previous swing close (instead of high) as a more conservative target then it comes around to 99….
Last week Goldman Sachs published a report titles “The Rise of Affluent India” which estimates that the affluent population in India is set to reach 100 million by 2027. The report also highlighted 8 stocks which might benefit from this. They have their fundamental reasons for believing why these stocks might do very well in…
GATEWAY seem to be breaking out with good volumes. The last major swing high was made by the stock in the first quarter of 2015 so this is a fairly long term breakout. If it sustains, it could be a very rewarding trade. Having said that, this is weekly chart and the candle is still…
SAKUMA has given a breakout in weekly chart with good volumes and currently trading around 52 week ATH. Weekly close is above the swing highs in September’23 and December’22. Wick at the top of the candle isn’t very reassuring however its not too bad as well. Further, given that the volume is very good at…