Day Trading Stocks & Futures

[andal]

Arun Jaitley admitted to AIMS hospital

 

[Smart_trade]

Arun Jaitley admitted to AIMS hospital

Yes....hope he recovers quickly....he is said to be not in critical condition (though he is in ICU ) as per the doctors.

ST

 

[checkmate7]

All analysis in Bajaj finance should be used either to enter long (when analysis supports it) or to exit and wait to buy at a lower price (when analysis says correction), Its best to not short this counter, but that's only my 2year experience with it, may or may not be worthy...

Yes 200% agreed no shorting in this only buying but buy in dips ....

 

[john302928]

Whats your EW analysis on one of forums favourite stock BAJAJ FINANCE ?

Bajaj Finance
Below is the daily time frame Elliott wave analysis of Bajaj finance. Currently it looks like wave (4) completed and wave(5) may be going on. or wave(4) might get complicated as triangle in the worst case scenario. Since wave (2) looks like a flat correction, we could expect simple correction in wave (4) so far (A)(B)(C) completed. So we could think it has started its wave (5). but we could also keep one eye that wave (4) might still be in progress so that we wont be disappointed incase if it takes more time. Once 5 waves are over we might head for consolidation or correction that we can sense it later

Below is one of my old analysis of Bajaj finance which I analysed in Jan 2018. I am not able to find the detailed counts charts. I dont want to redo those counts again. because it took me more time to plot it. I dont know even now whether my counts are correct or not. But my expectations on this stock has been fulfilled with the direction and the levels

 

[john302928]

All analysis in Bajaj finance should be used either to enter long (when analysis supports it) or to exit and wait to buy at a lower price (when analysis says correction), Its best to not short this counter, but that's only my 2year experience with it, may or may not be worthy...

Its because bajaj finance has been in bull phase since last few years. But once its time is over, you might see it differently.

 

[vivektrader]

Although it's totally undiplomatic for me to say, but, relatively 'bhale' log face medical problems more, just look at thick skinned people of opposition, kuchh nahin bigadta kisika.
Sushma ji bey time chali gainyi..
Parikerr ji bhi chale Gaye..

 

[john302928]

HEG- the stock of the year , made new high. What a rally it has been. The rally is likely to come to an end very soon. I believe we are in the final rally before we correct atleast 40-60% in the coming days to weeks. Be cautious.Either blue counts or red counts but it is likely to be the end.This is just my view.If there is any change in progress I shall update when i find time. View attachment 24282

Update on 2 jun 2018. HEG looks to have completed one of the higher degree wave 5 so probability of it getting corrected is more as analysed earlier.Be cautious. If it breaks wave 5 again on the upside then we might consider wave 5 is not yet over and might proceed as ED as analysed earlier
View attachment 25783

Update on 29 sep 2018. In continuation to previous analysis. earlier it was looking like correcting and corrected 22% and then started moving up. Since we had probability open on the upside as well, it didnt come as a surprise because I made it clear that if it broke the previously plot high then it was likely to become ED and it did and from wave 5 it was expected to correct 40-60% and it is falling after completing ED. so far it has corrected 27% and job only half done.
View attachment 28917

As expected HEG erased almost all of the gains it made. There was a small change. I was expecting it to make an contracting ED but it made expanding ED but contracting ED position itself was a good exit point as it produced about 71% correction and from expanding ED it produced about 75% correction thats the only difference. Last month it made a low of 1218 and now trading around 1379. A worst nightmare for investors.

HEG-I feel there is no reversal signal yet. There might be a pull back for 20% or even 30% but might not break above 2300 zone.That will again be a trap. because it looks to me fall is not yet over. I feel it will go below 1200 for final leg. once it goes below it we need to assess it with its subwaves. so we cant say the exact levels on the downside but it will go below 1200 again.

Since @vivektrader was talking about his experience on Bajaj finance that its only long. I realised about one of the multibagger stocks couple of years back HEG . I was able to pull the charts and its analysis over year and half and would like to share it here. It was a wonderful stock that time and attracted investors and rallied like ther eis no tomorrow. But once its time was over, its like a falling knife. Why take something else,better example would be Yesbank.
Every object, every stock even every human being has to go through the natures life cycle. Unfortunately no one can escape from it. Cheers

 

[RadhuK]

Although it's totally undiplomatic for me to say, but, relatively 'bhale' log face medical problems more, just look at thick skinned people of opposition, kuchh nahin bigadta kisika.
Sushma ji bey time chali gainyi..
Parikerr ji bhi chale Gaye..

Achhey burrey ki baat nahee.
Jin opposition waloo ki aap baat kar rahey.... they take their and country's medical health seriously.
Keep themselves fit.
And the way present ones are bent upon screwing healthcare of the country, the things will get only worse.
Heard of the latest NMC bill, passed few days back.
This allows, quacks to do 6 months bridge course and practice modern medicine, among other things.

Vivektrader, you are a medical doctor, it seems. This coming from you......

 

[Smart_trade]

Achhey burrey ki baat nahee.
Jin opposition waloo ki aap baat kar rahey.... they take their and country's medical health seriously.
Keep themselves fit.
And the way present ones are bent upon screwing healthcare of the country, the things will get only worse.
Heard of the latest NMC bill, passed few days back.
This allows, quacks to do 6 months bridge course and practice modern medicine, among other things.

Vivektrader, you are a medical doctor, it seems. This coming from you......

All MPs ,MLAs, Ministers,Opposition leaders all get best medical facilities....no one goes to 6 months bridge course doctors, they all get medical facilities from AIIMS.

Bridge course doctors are for going to villages where no MBBS and MD doctors want to go.....these 6 months course doctors are good for general duties like giving an injection ( even a nurse can give injection) , giving various tikas to children which does not require any specialised knowledge, cold, cough etc common ailments...for more complicated treatments, specialised doctors are there.....ICUs in most large city hospitals are manned by BAMS doctors.....specialist doctors only come for rounds.

Smart_trade

 

[vivektrader]

Achhey burrey ki baat nahee.
Jin opposition waloo ki aap baat kar rahey.... they take their and country's medical health seriously.
Keep themselves fit.
And the way present ones are bent upon screwing healthcare of the country, the things will get only worse.
Heard of the latest NMC bill, passed few days back.
This allows, quacks to do 6 months bridge course and practice modern medicine, among other things.

Vivektrader, you are a medical doctor, it seems. This coming from you......

You are talking about something else, who can support those clauses of NMC bill, we were supposed to have an IMA all India strike yesterday, got deferred due to some reassurance from health minister/presently emergent situation post 370/flood situation. But we are totally on it.
Doctors have never been priority of any government (just like traders), in my last 15years of practice, these quacks have always been around and practicing (malpracticing) without fear.