Give Indian IT Stocks More Room On The Downside Indian Stocks Trading, US Stocks outlook Add comments Apr 132012 Ramki’s Elliott Wave analysis of Infosys Technologies Limited (INFY) appears on Seeking Alpha today Tweet Share this:FacebookGoogleEmailStumbleUponRedditTumblrPocketPinterestLinkedInPrint 6 Responses to “Give Indian IT Stocks More Room On The Downside” Matthew Dixon says: April 14, 2012 at 3:18 am Hi Ramki I like your style and I believe you give the right perception of EW by not being too dogmatic. What is your belief as to why EW and fibo relationships work? Reply Ramki says: April 14, 2012 at 3:56 am Hi Matthew, The Wave Prinviple and the Fibonacci Series represent the rhythm of man’s response to outside influences. The important point to note is people try to relate stock market behavior to current events, not realizing that these current events have nothing whatsoever to do with future market performances.Stock market movement is due to psychological factors, and the EWP and Fib series capture them well. Reply Dr Sanjay Pote says: April 14, 2012 at 11:01 pm Dear Ramky Sir, Ihe Nifty is not showing any clear trend for last 1 month. Is it trading in the form of corrective triangle? or is it correcting in a-b-c x- a-b-c form? If so then where should we expect the final leg down? Pl give your valuable guidance on the above and also about the short term perspective on the Nifty. Thanks in advance Dr Sanjay Pote. Reply Ramki says: April 15, 2012 at 11:37 pm HI Dr Sanjay, As you correctly pointed out, there is no clear signal just now. Minor support at 5150. Lets wait and decide what to do after the market starts moving Reply hemin says: April 18, 2012 at 5:51 am Sir, sir please please….. know me about TATAMOTORS wave count(daily and weekly chart) i want to learn were i am wrong in w.c ( i know you have very busy schedule take your time and give updates when you get time) Thanks Reply Ramki says: April 21, 2012 at 9:57 pm Hemin, if you start counting from 137.55, then we are currently in an extending third wave that still has room to go up. Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.