Tag Archives: analysis

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

Elliott Wave update on Gold 21 Nov 2011

Elliott wave analysis of Gold suggests that the recovery from 1534 to 1803 has fulfilled at least one part of the required correction. When we last considered this commodity back in September 2011, we were suggesting that it made sense … Continue reading

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Posted in Gold | Tagged , , , , | 10 Comments

Elliott Wave Analysis of India’s NSEI

I have been receiving a steady stream of requests for an update on India’s main Stock Index. So I am presenting several charts that should guide readers in the near term. Please share with your friends and invite them to … Continue reading

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Posted in India | Tagged , , , , , | 48 Comments

Technical analysis of Citigroup

Citigroup has been moving up quite steadily this year. Has it got more room on the upside? I think so. Take a look at the two charts here. The first chart is to illustrate how the stock has respected the Elliott … Continue reading

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Elliott Wave Analysis of some Indian stocks

Now that the Parliamentary elections are over in India, and a decisive mandate has been given to the Congress party and its allies to continue in power, most people expect the stock market to react positively. Let us take a … Continue reading

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Posted in India | Tagged , , , , , , , , , , | 6 Comments

S&P500 remains resilient

In recent updates I have called for the S&P500 index to remain well bid, warning we could see 937. That level is very close, and not far from another resistance at 943. I continue to remain positive in the very near term for the market Continue reading

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Posted in S&P500 | Tagged , , , , , , , , | 2 Comments

Tata Steel in Wave 3?

For a while now we have been working under the paradigm that Indian stock markets have bottomed out, and we are in a new bull market. In the case of many stocks this translates into a third wave position at … Continue reading

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S&P 500 update: where is the top?

You will recall that in my last update of 23rd April, I had warned of another move higher. Once an extending fifth wave is completed, and we get a first sell-off, we should always be on the alert for a … Continue reading

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