AB Capital
CMP 147
One of our core holdings.
Long Term Wave Chart
Keep in connsideration that no journey is without ups and downs.
This is weekly chart , the projection may take few months to years to play out.
Weekly Chart
We somehow don’t like the company on fundamental basis (our views can be very wrong) .
Mental- bias can play badly on technical analysis, hence although we would be able to analyse the chart but it would also reflect our bias.
Here is the chart.
Seems we’re recovering wave B in a ZIg Zag correction.
Now B can do 23% or 38% or 61 % retracement of whole A .
Level of C would be known once B is over.
Weekly Chart
This is how a Zig Zag correction looks like.
Disclaimer -
This post is just a for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
GE Shipping
CMP 567
Is the correction of wave 4 over ?
Today bounced back from an important support with >2 X average volume.
If yes, then next leg can take it to 1500 and beyond !
But need to very vigilant before becoming confident.
Need confirmations … should first start closing above 572 and then above 20 WEMA and MACD in different time -frames should start moving towards buy…currently all in sell.
Weekly Chart
There was a muti year breakout in this stock after 15 years - that indicates a structural change in the sector.
Monthly Chart
Disclaimer - Have small position.
This post is just a for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
Hi sir,
Thanks for doing a wonderful job of educating us.
Your efforts are sincerely appreciated.
Can you throw some more light on EW which looks more tough.
Please take LAURUS LABS as an example and put your comments.
Best regards,
Laurus Lab
CMP 314
From Elliot waves prespective.
We start with quarterly chart to take a bird eye view (for long term).
It is clearly in C part of wave 2 and currently at an important support zone -61.8% of retracement of whole rise and a previous resistance level that has become support now.
It might hold and bounce from here, but we doubt that it might not be sustainable.
We would come to the reason of our doubt when we show the weekly chart.
Quarterly Chart
On monthly chart -Here we show the internal wave counts (fractals of wave 1)
MACD has completed its cycle , it is below zero line but yet to show the signs of getting a long time reversal.
Monthly Chart
On weekly chart, we have tried to check the internals of this correction.
It seems that we are in last leg of correction - that is last C .
The worry here is that it is falling in 5 waves straructure. Till the time ,these are not completed , we might not be out of woods.
Currently we’re in correctiv- wave 3 of the fall. We might see a bounce back (retracement) in corrective -wave 4.
And then another dip in corrective-wave 5 and then the correction should be complete.
Now where this corrective- wave 5 would end ? That would depend on the extent of retracement in corrective-wave 4 ie level where wave 4 ends.
Though we can make a rough guess - we have next strong support at 250-260 and that also matches 161.8% of wave A .And it also coincides the level of wave iv of whole rise (wave 1) , many a times wave 2 corrections end there.
These are all probabilitic projections. Need to keep a close watch.
Weekly Chart
Just a note for the people who’re interested
Choose the time-frame of charts by keeping the following in mind.
Daily/Hourly Charts - for intraday trading -for people who want to become rich overnight but they end up becoming poorer after a short streak of small wins 
Too much effort , tiny returns.
Too many decisions too take, number of mistakes tend to be high,feeling of greed/fear on hourly basis, can end in having high blood pressure.Need lots of risk-management techniques.
Most of them fail in earning from their own trading and few end up in selling technical-training programs offering quick-rich-programs to others.
Weekly/Daily Charts- for swing/positional trading for one to three months (for people who are there for quick bucks ).
Medium level of efforts, medium returns.Risk management is key here.
Monthly/Weekly charts - for 3-5 years investors - for the people who want to become rich slowly (but surely).
Least amount of efforts with maximum returns - maximum time goes in understandig fundamentals and reading.
Least number of decisions, can sleep well.Risk management is neccessary but less critical as decisions are made after deep-research.
Disclaimer- Excpetions are always there but those are rare.
Hi, could you look at Bayer crop science. It has been in a downtrend for quite sometime.
Bayer Crop
CMP - 4250
Sometime we wonder about these kind of questions from investors !
This is a compounder type of stock —these kind of stocks move for a certain period and then gets into correction mode- it is quite usual.
One should ask a question to himself :Why it should move now ?
a) Is it undervalued ?
b) Is it a bull market when every Tom ,Dick and Harry goes up ?
c) Is it giving some extra-ordinary and surprising results ?
d) Is it going to disrupt any sector ?
If the answers to above question is ‘no’ ,then one should not expect any fast upside movement .
On weekly chart, it is in Stage 4 and it is currently at an important support zone (green line). If this breaks, then it may test lower green line ( next support level)
Till it does not move above 40 WEMA, we don’t expect any upside.
Weekly Chart
Thermax Follow-up
CMP 2200
Last time we covered it at same level (2200) , it went up to 2679 and corrected.
It seems it is setting up again for next leg.
Let’s keep a track.
Weekly Chart
Can you please look Fiem Industries
Following Indiabulls housing finance & India bulls real estate for sometime on fundamental level, would love to see TA basis entry level please…
We won’t touch these even from a distance of 1000 feets 
One is historically bad(naam) and another is yet to prove its credentials !
Fiem
CMP 1599
As of now it has lost momentum.
Be careful if it breaks 1460-1470 range.
For a reliable upside move it should cross and close above its ATH with good volumes otherwise we would expect only a rangebound movement. (stock became 8-9 X since Covid lows , genrally one should give rest to these )
Weekly Chart
I am glad u wrote this post….
this post is the most important for participants of this thread 
i am a very long term investor n i often look at monthly charts (sometimes weekly charts) but just for reference
The corrective legs often end at the 4th of the previous impulse…(as observed by most EW analysts)…
so 250 should act as a lomg term support and also an area of low risk to high returns zone…even fundamentally…
so my gtt’s r set for 275 already
charts definitely do tell a story - if u see this story is playing out fundamentally also… next 2-3 quarter results would be bad due to higher interest expense (interest rates have increased) and depreciation (capacity has got added recently) and probably after 1 years would company start showing better results with ramp up in capacity utilization of there new capex… which would result in better operating margins…
When charts speak (price as well as volumes) ,we would start believing the story.
Your endeavour to respond and spend time on each of the requests is commendable and your thought process of educating us with your knowledge is unconditional. I’ve been one of your long term admirers and a beneficiary.
Thanks for that @StageInvesting ! Wish I could meet you one day and thank you for that.
One request on Garware hi tech films?
Thanks!
would like your detailed view on the following stocks also - Glenmark Lifesciences, Jubliant Ingreva, Sequent and MPS.
