Tech Mahindra

I am posting Elliott Wave Analysis of weekly chart of 'Tech Mahindra' to understand it's structure. It seems that it has completed primary wave [3] and now it will correct to complete wave [4].

In daily chart, the wave [3] is almost 261.8% of wave [1]. So may be this is the end of wave [3]. The last candlestick is 'key reversal candlestick'  so some correction may follow. One should buy on dips as wave [5] is still to unfold after wave [4].

Disclaimer: This and all the ideas I present are for educational purpose only.

Tata Motors

I am posting Elliott Wave Analysis of monthly chart of Tata Motors to understand it's structure. It seems that the prime wave [3] has ended as it is near 161.8% extension of wave [1]. Some correction may follow but a buy on dip strategy may work here as wave [5] is still to unfold after wave [4] correction.

Disclaimer: This and all the ideas I present are for educational purpose only.

National Aluminium Company

I am posting Elliott Wave Analysis of daily chart of 'National Aluminium Company' to understand it's structure. The price has completed intermediate wave (1) and now correcting to complete correction wave (2). The wave (2) can correct as low as 78.6% of intermediate wave (1) i.e. level of 33.79. This depicts that there is still weakness in this stock.

Disclaimer: This and all the ideas I present are for educational purpose only.

Datamatics Global Services

I am posting Elliott Wave Analysis of weekly chart of 'Datamatics Global Services' to understand it's structure. The price has completed intermediate wave (3) and correcting in to wave (4). Once this wave completes the wave (5) will start. The wave (3) is some what less than wave (1), so the wave (5) should be less than wave (3) to make wave (3) not the smallest impulse wave. The target of wave (5) should be less than 102.

Disclaimer: This and all the ideas I present are for educational purpose only.

PNB Gilts

I am posting Elliott Wave Analysis of daily chart of 'PNB Gilts' to understand it's structure. It has completed minor wave 3 and now is correcting. Wave A and wave B has completed and now wave C is to correct.

Alternative count: Minor wave 3 and 4 has corrected and minor wave 5 is unfolding. This wave count will be relevant when price breaks above 33.10. There is resistance at level 35.17.

Disclaimer: This and all the ideas I present are for educational purpose only.

DLF

I am posting Elliott Wave Analysis of weekly chart of DLF to understand it's structure. Descending triangle is formed.  It seems that it has completed intermediate wave (3), (4) and now it is in the wave (5).

On daily chart, it has completed minor wave 1, and wave 2 is in progress. After completing wave 2, price may break below 121.68 level to complete wave 3.

Disclaimer: This and all the ideas I present are for educational purpose only.

Power Finance Corporation Ltd

I am posting Elliott Wave Analysis of daily chart of 'Power Finance Corporation Ltd.' to understand it's structure. It seems that the price has completed intermediate wave (1) and wave (2). Now the price is in minor wave 2 of intermediate wave (3). The target of wave (3) may be 359 and the next target may be 446.

Disclaimer: This and all the ideas I present are for educational purpose only.

Gujarat State Petronet Ltd.

I am posting Elliott Wave Analysis of 'Gujarat State Petronet Ltd.' to understand it's structure. The price is forming double three Elliott Wave Pattern. It has completed wave W, wave X and wave [A] AND wave [B], now wave [C] has started and it may complete at the level of rs 65.84.

On daily chart I have depicted the completion of wave [B] of wave wave [y] and the correction or starting of wave [C], our expected level to complete this wave [C] is rs. 65.84.

Disclaimer: This and all the ideas I present are for educational purpose only.

KALPATPOWR

I am posting Elliott Wave Analysis of daily chart of 'KALPATPOWR' to understand it's structure. The price has completed correction wave 4 and now it is traversing in minor wave 5. It seems that the price is in minute wave [iv]. Once this wave completes, we can project 5th wave and know it's ending. Not much upside is left just 30-40 rupees before correction.

Disclaimer: This and all the ideas I present are for educational purpose only.

Lloyd Electric and Engineering

I am posting Elliott Wave Analysis of daily chart of 'Lloyd Electric and Engineering' to understand it's structure. Price has completed prime wave [3] and wave [4]. Now it has started in to wave [5]. The target of this wave may be 240.

Disclaimer: This and all the ideas I present are for educational purpose only.

Guj Amb Exports

I am posting Elliott Wave Analysis of monthly chart of 'Guj Amb Exports' to understand it's structure. Price has completed prime wave [1] and prime wave [2]. Now it seems to be in wave [3].

On daily chart, the price has completed intermediate wave (1) and may be it has completed wave (2) also. It may be starting of wave (3). One can buy near the level of 45.72 for target of 68.99 with stop loss at 40.

Disclaimer: This and all the ideas I present are for educational purpose only.

Kwality Ltd.

I am posting daily chart of Kwality Ltd. to understand it's structure. It has completed it's intermediate wave (1) and correcting in to complete wave (2). In wave (2), wave A and wave B has completed, the C wave is remained to complete. It may complete either on the support of rs. 37.36 or rs. 32.50. From here the wave (3) will start. One can buy around these levels.

Disclaimer: This and all the ideas I present are for educational purpose only.

L&T

I am posting daily chart of L&T to understand it's structure. It seems that price has completed intermediate wave (1) and correcting into wave (2) which is not complete. It has completed correction wave A and wave B, the wave C is remained to correct. If one gets the price near 1356, one can buy.

Disclaimer: This and all the ideas I present are for educational purpose only.

Coal India

I am posting daily chart of Coal India to understand it's structure. It has completed intermediate wave (1) and may be wave (2) also, this will be confirmed once the price give decisive break out above the level of 423.67 and sustain that.

Disclaimer: This and all the ideas I present are for educational purpose only.

Yes Bank

I am posting monthly chart of Yes Bank to understand it's structure. The price is in intermediate wave (5) of prime wave [3].

On daily chart, the price is in minute wave [iv] of minor wave 5 of intermediate wave (5). This wave can end in the range of 825-840,then some correction as depicted on the chart and then the price can go as high as 1040.

Disclaimer: This and all the ideas I present are for educational purpose only.

Adani Port

I am posting monthly chart of Adani Port to understand it's structure. It seems that the price is in prime wave [5].

On the daily chart, wave [5] seems to be completed and now this is time to correction.

Disclaimer: This and all the ideas I present are for educational purpose only.

Vardhman Textiles

I am posting monthly chart of Vardhman Textiles to understand it's structure. It seems that the price is in prime wave [3].

On daily chart, price is in minor wave 3 of intermediate wave (3) of prime wave [3]. This is only when, when the minor wave 2 has completed. The wave 2 is forming triple three pattern. If this correction pattern does not extend further then only it is minor wave 3. On seeing the chart it appear that there is resistance from trend line [b][b]. If the price take resistance here and returns to [c][c] trend line then the price will entangle in the correction pattern. If suppose it breaks above trend line [b][b] then the minimum target is 548.37.

Disclaimer: This and all the ideas I present are for educational purpose only.

Manglam Cement

I am posting monthly chart of Manglam Cement to understand it's structure. It seems that the price is in cycle wave III.

On daily chart, it seems that the price has completed prime wave [1] and correcting to complete the wave [2]. Here it can be either a zigzag or a flat pattern this will be decided if the price crosses rs. 351 level or not respectively.

Disclaimer: This and all the ideas I present are for educational purpose only.

Asahi Songwon

I am posting daily chart of 'Asahi Songwon' to understand it's structure. It has completed intermediate wave (1) and seems that it has completed it's correction in to wave (2) also and now it has started into wave (3), this will be more confirmed when it crosses 192 level.

Disclaimer: This and all the ideas I present are for educational purpose only.

Haldyn Glass Ltd

I am posting daily chart of Haldyn Glass Ltd. It has completed it's five wave structure and correcting. The different support levels are depicted on the chart. Current price is rs. 29.40 and the Grahm number is rs. 39.86. The price below which one can buy with 25% margin of safety is rs. 29.89.

Disclaimer: This and all the ideas I present are for educational purpose only.

Zicom Security Systems

I am posting daily chart of 'Zicom Security Systems' to understand it's structure. It seems that it has completed wave prime wave [3] and now it is correcting in to wave [4]. The fibonacci support is at 158.57.

Disclaimer: This and all the ideas I present are for educational purpose only.

TATAELXSI

I am posting daily chart of TATAELXSI to understand it's structure. It has completed intermediate wave (1) and now correcting in the wave (2). It seems that the correction is over and now we are in wave (3) but this will be more confirmed once the price gives breakout from the level of rs. 700 after this the wave (3) may complete up to the level of 895.

Disclaimer: This and all the ideas I present are for educational purpose only.

AARTIIND

I am posting weekly chart of AARTIIND to understand it's structure. The price has completed it's intermediate wave (3) and correcting.

In daily chart, stock is correcting in wave (4), it seems that the correction is not over yet. It may correct further and take support at rs. 214.

Disclaimer: This and all the ideas I present are for educational purpose only.

IRB Infrastructure Developers

I am posting daily chart of IRB Infrastructure Developers to understand it's structure. The price has completed it's three wave and now is correcting to complete it's wave 4. This move is side ways. Price has completed double three pattern and may be now is in third three.

Disclaimer: This and all the ideas I present are for educational purpose only.

Finolex Industries

I am posting weekly chart of Finolex Industries to understand it's structure. It has completed intermediate wave (3) and correcting to complete its wave (4). The various fibonacci support levels are depicting on the chart where it can take support. The support levels are 224.70, 186.74 and 148.82. You have to watch these levels for the stock to take support, once some sign of reversal are shown then one can buy there for the target of rs 347.48.

Disclaimer: This and all the ideas I present are for educational purpose only.

HEXAWARE

I am posting monthly chart of Hexaware to understand it's structure. It seems that it is in prime wave [5].

On daily chart, the correction of wave (4) seems to be over. The price seems to be in intermediate wave (5) of prime wave [5]. One can buy near rs 201 for a target of 277.

Disclaimer: This and all the ideas I present are for educational purpose only.

Helios and Matheson Information Technology

I am posting daily chart of 'Helios and Matheson Information Technology'. It has completed it's five wave structure and three wave correction, now it seems that it has taken support and started in new up move.  One can buy it around 83 for a target of 130.

Disclaimer: This and all the ideas I present are for educational purpose only.

Jagran Prakashan

I am posting monthly chart of Jagran Prakashan to understand it's price structure.

On daily chart it has completed five wave structure and now is correcting. There is resistance at levels of 157.30. The different fibonacci support levels are depicted on the chart.

Disclaimer: This and all the ideas I present are for educational purpose only.