Category Archives: Asian Stocks

Elliott Wave Outlook for Tata Steel

My last Elliott wave update on Tata Steel was back on 18th June. Since then, this stock has behaved perfectly from a technical point of view. Once the extended fifth wave was  completed, there was no surprise in the move … Continue reading

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Posted in Indian Stocks Trading | Tagged | 6 Comments

Elliott Wave outlook on Zain Kuwait

From an Elliott Wave perspective,  the outlook for Zain hasn’t changed much since I updated last.  After correcting the prior 5-wave rally, the stock has taken off nicely like a 3rd wave should, ie on good volume and at a … Continue reading

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Posted in Kuwait stocks | Tagged , | 1 Comment

Technical Analysis of some Kuwait Stocks

It has been quite a while since I posted technical comments on Kuwait stocks. So here are some charts that may be of interest to some of you. (Even if you don’t have any interest in Kuwait, you should look … Continue reading

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Posted in Kuwait stocks | Tagged , | 1 Comment

National Industries Group Kuwait Outlook 17 Dec 2009

National Industries Group stock has come down a lot in the last several months. But we can decipher a clear five wave movement having been completed at the lows. The first leg of a 3-wave correction has already been completed, … Continue reading

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Posted in Kuwait stocks | Tagged | 2 Comments

Gulf Bank Kuwait: Eliott Wave Analysis

Anyone who has been investing in Kuwait would have heard of the travails of Gulf Bank in recent times. Perhaps one should view the moves after it started trading again in April 2009 as a new stock. The attached chart … Continue reading

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Zain Kuwait: A technical update

There has been a lot of chatter in the market about a possible offer from overseas for a large chunk of ZAIN, the premier telecom company based in Kuwait. So I decided to provide a quick technical update on this … Continue reading

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Posted in Kuwait stocks | Tagged | 1 Comment

Opto Circuits India – Elliott Wave Analysis

Opto Circuits India Ltd appears in many portfolios that have Bharat Shah as the advisor. (Incidentally, Bharat  is the famed fund manager from Ask Investment Managers). As Bharat is a value investor, I figured that he and his team must have done sufficient … Continue reading

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Tata Steel breaks support

A technical trader has to watch a few things carefully, especially if we are in the fourth wave position. First, see if the 2nd wave was a simple correction. If you can confirm to yourself that the second wave was … Continue reading

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Posted in Indian Stocks Trading | Tagged , | 8 Comments