Saturday, 24 January 2015

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.