Tuesday, January 17, 2012

Markets

My previous updates were here - http://www.wolfewaveindia.com/2012/01/update-long-due.html

Some one posted stating that they were unable to understand my post and had not made a single ruppee - Please check the post above and check out the charts below.

I've clearly provided targets and reversals for the same

Targets

Tatamotors - 140
Tatasteel - 300
Icicibank - 600
Nifty 4400 - 4200 - 3800
Banknifty - 7400 - 6800
Hexaware - 55
Mphasis - 260


Nifty & Bank Nifty Charts below - They are self explanatory - these are Gartley patterns with stops and targets.






The stocks are below





5 comments:

  1. Sir, Kindly comment about Reliance Capital, Reliance Infra, JSW Steel, Rcom and Reliance.
    Their february targets.
    Sir, whenever you find time. Pl give your valuable analysis on above stocks.
    Thanks,
    Regards
    ttthakur

    ReplyDelete
    Replies
    1. All have met thier targets for now and can be shorted. Ill post later on these

      Delete
  2. All have met thier targets for now and can be shorted. Ill post later on these

    ReplyDelete
    Replies
    1. Thanks Sir. Awaiting your post on these stocks later on.
      Regards,
      ttthakur

      Delete
  3. hi,

    I shorted tata motors at 220 and then it zoomed to 222. Placed a buy order at 217 and made some nominal gains. i was scared to hold on to my position as markets globally were looking bullish. Shorted reliance communications at 90.

    The consfusion i was mentioning earlier were regarding all the emails sent in the intraday. ALmost 30-40 emails reach us from morning to end and those calls are not so easy to follow and understand. But these calls are pretty easy to understand.

    Regarding gartley pattern, shouldn't one wait for confirmation of the pattern to be completed? The pictures you drew look like basaed on expectation more than confirmation. Please do not mis interpret my email.. i am still learning and trying to open up a healthy discussion so that we all can benefit.

    thank you,

    ReplyDelete