Category Archives: Stocks

How to trade using Elliott Waves

This post seeks to illustrate how to trade using Elliott Waves. My goal is not to give you a comprehensive answer to this question, but to show you how to deal with a move that is happening. The Indian markets … Continue reading

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Posted in Indian Stocks Trading | Tagged , , | 1 Comment

Bajaj Auto: Elliott Wave update

On January 10, I had suggested that Bajaj Auto appeared to be a good candidate that could go against the gathering bullishness in the overall market. The speed of the recovery in this stock is unsettling, and I have clearly … Continue reading

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Posted in Indian Stocks Trading | Tagged | 10 Comments

Tesco (LSE) outlook using Elliott Wave Analysis

In today’s Financial Times, I read an interesting article by Paul Murphy that started off like this: “About 40 teams of sell-side analysts cover Tesco, the nation’s leading grocer, slavishly updating their forecasting models with every grain of fresh shopping … Continue reading

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Posted in UK Stocks | Tagged , , | 7 Comments

Bajaj Auto – Elliott Wave Analysis

Elliott Wave Analysis is a dynamic tool. We should not use it as a simple forecasting tool, rather as something which will guide our trading decisions. We should look at our charts, and make up our mind as to what … Continue reading

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Posted in Indian Stocks Trading | Tagged , , , | 13 Comments

Red Hat, Inc (NYSE: RHT) Elliott Wave Analysis

Nigam Arora is a market player whom I respect. He has recently suggested that Red Hat Inc should be watched because in his opinion the market is underestimating this company’s earning power and growth rate significantly. So I decided to … Continue reading

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Posted in US Stocks outlook | Tagged , , | 4 Comments

Altria Group ready to lose 20% in value

I wished my well-meaning colleague a happy New Year and asked him how his portfolio was doing. He said it was doing swimmingly well. So I asked him what stocks he would recommend to me for the long term and … Continue reading

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Posted in US Stocks outlook | Tagged , , | 2 Comments

Easy Trade in ICICI Bank stock

In my last Elliott Wave update for Indian stocks, I pointed out that ICICI bank was approaching a buy zone. At that time, I was suggesting buying in stages from 620, but you could have done better and purchased at … Continue reading

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Posted in Indian Stocks Trading | Tagged , , | 38 Comments

IBM: Elliott Wave Analysis

In his recent update in Forbes, John Navin mentioned IBM as one of the old warhorse stocks that is providing leadership in keeping the market well supported. John has some very good instincts and is an engaged partcipant in the … Continue reading

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Posted in US Stocks outlook | Tagged , , , | 3 Comments