I'm capturing some useful links, information in this post. These info will be handy for screening or analysis.
1. List of FnO stocks in NSE (as on 23-03-2017)
1. List of FnO stocks in NSE (as on 23-03-2017)
Thursday, March 23, 2017
Wednesday, March 22, 2017
Gap followed by sharp bounce/retrace almost always testes the extreme
Nifty opened a large gap down today. Immediately there was a sharp bounce which moved up nearly 32 points. However later this complete bounce was retraced (even exceeded by few points). Not sure whether this turns out as BOF or BPB. I will observe this and update later. But the point that I want to highlight or note here is that generally such bounces gets retraced completely. So instead of preparing for the counter trend move for the BO of the bounce, one is better off preparing for the re-test of the extreme at least once.
Saturday, March 11, 2017
Infy daily chart price action analysis
Infy might be bouncing from 900 zone. It might go up to 1040 or 1083. Then we can expect another round of down move below 900.
OnMobile Price Action analysis of daily chart
In our earlier analysis we observed that OnMobile might be bouncing from the multiple support of 80. But subsequently it broke that level. Now we can expect any reasonable support only near 68 or 61.
Piramal Enterprises Limited analysis
Piramal Enterprises limited (PEL) seems to be forming a multi-month correction pattern in daily chart. 2097 that it did in August 22nd was the end of some impulse wave. From then onward it retraced back to 1366.05 forming the 'A' of the correction wave. Further on it moved up in multiple correction pattern resembling a triangle. Triangles are features of 'B' waves.
Internal wave structure wave structure of this triangle also resembles the a-b-c forms. Accordingly we might have completed the 5th wave of the triangle 'e' at the height of 1927.40 or there is one more up pending till 1965.
After the completion of this we can expect an impulsive move down towards 1450-1300 area in 'C' wave.
Then? well we might be completing the correction all together or these three waves could be just the 'a' and another 'b' & 'c' pending. Or we can expect a 'X' and another a'b'c.
Whatever be the case, we can at least expect a move up and we might have found the low for recent times to come.
Daily chart with Elliott Waves for Piramal Enterprises Limited.
Internal wave structure wave structure of this triangle also resembles the a-b-c forms. Accordingly we might have completed the 5th wave of the triangle 'e' at the height of 1927.40 or there is one more up pending till 1965.
After the completion of this we can expect an impulsive move down towards 1450-1300 area in 'C' wave.
Then? well we might be completing the correction all together or these three waves could be just the 'a' and another 'b' & 'c' pending. Or we can expect a 'X' and another a'b'c.
Whatever be the case, we can at least expect a move up and we might have found the low for recent times to come.
Daily chart with Elliott Waves for Piramal Enterprises Limited.
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