My charts (and yours too........)

[babukraman]

JINDALSWH

 

[babukraman]

LIC HOUSING FINANCE

 

[babukraman]

20110118 BankNifty

Bank Nifty 20110208
Also watch out for 200 EMA's S turned into R role

 

[kiranjakka]

lic housing finance

what does it mean bullish sign or bearish

 

[saivenkat]

LIC HOUSING FINANCE

Looks more or less like a Descending triangle than INV H&S.. to me no signs of Bullish.. but its good for accumulation at 150 levels.

 

[Romeo and Elliott]

Its always better to look for stocks heading in the direction of the market, not that the contrary wont happen, but accleration is fastest by n large with the market.

 

[babukraman]

NIFTY abc correction or 12345 downtrend
20110209
After a long time, I've got a chance to sit, think and write something useful (I guess so!).
Before posting the chart, I remember Chockalingam projecting a target of 5300 levels to the wave (C) with reference to one of our TI members query. (I didn't project any target at that time; just was looking for wave (c)). I thank NC. (couldn't locate his that particular message)
Now, comes the question. Is it an abc correction or 12345 downtrend.
Disclaimer: I've read quite a few reports of EW counts of NIFTY from the likes of Nitin, GV, RnE(from other forum) etc., So, you may not be something new as you go through my charts. However, I'm happy to announce that I start understanding the wave principles from such seniors. Thanks again all!
Just sit back and enjoy the charts!
Part 1

Part 2

 

[babukraman]

what does it mean bullish sign or bearish

Looking for a bullish break out of the neckline around the 188 levels of this Inverted head and shoulders pattern.

 

[VJAY]

[/URL] Uploaded with ImageShack.us[/IMG]

 

[Romeo and Elliott]

Now, comes the question. Is it an abc correction or 12345 downtrend.
Just sit back and enjoy the charts!
Part 1

Part 2

Hi Babu,

Nice, Very nice
Heres how i deal with the ABC or 1,2,3,4,5 conflict.
C waves could later turn out to be just C (and head into 1) or 3, at the heart of it i try to keep in mind the 'WHY'. ie In the end its not (strictly) about numbers or retracements, its about the WHY.

Ill just draw attention to a chart i posted.. Ive been referring a lot to it, cuz it shows the 'WHY' of an Elliott structure, the following chart is about the day my mind went from the ABC / 1-5 conflict to a reasonably convincing 1,2,3,4,5.

At that point it really didnt matter if a C was getting extend or a set of 5 waves was in the making, the routine of
- Doubt
- Conflict
- Verdict
could be seen. So its Elliott representation with psychology, without the labels. The origin was at a good pivot, thats a great place to start a count.

200 EMA AND SMA broken without any signs of love and affection.

Weekly 50 is just under (orange-ish lines, sold for EMA, dashed for SMA)

Just a thot :
If the following looks like valid bullish thinking then looks like its heading down for a while ..

Nice charts, Babu, good to have someone to learn with