Contrarian investing using technical analysis


(Ameetmehtadesign) #84

JP GROUP seems to be going for a revival…JP Associates already appears in a Leading diagonal, however, posting below the chart of one of it’s group co. JP Power, which seems to have been done with the correction of 2nd as well…


(PE_Ratio) #86

This is not valid Elliott Wave count. Wave 4 can’t enter the territory of Wave 1.


(Ameetmehtadesign) #87

Haha! Dear PE_Ratio!, It can in the case of Diagonals, which seems to be the case here (Leading Diagonal).


(PE_Ratio) #88

Yeah, you are right. It’s leading diagonal formed in wave (1). Sorry I didn’t consider it as a diagonal since to me it looked like a channel at first with no convergence.


(sarthak kumar) #89

Hello,

Anybody willing to call a bottom on lupin.

Thanks


(ilovestockmarket) #90

Hello Mehnazfatima,

What trends do you see for Lupin and Tata Motors, both stocks have been beaten to death due to various reasons and looks like a bargain to me from long term (5+ years) perspective. Does technical chart suggest another decline for Telco till 280 and for Lupin till 650 ??