ONGC - Lot - 250 - Margin - 44198

Buy ONGC only above 1300 for 1440 or below 1080 :)

Targets listed in the image

Andhrabank - Lot - 2000 - Margin 46000 - CMP 137

One can buy for 145 / 150 with a stop @ 132..

Go short @ 132 for 123-120

GMDC - Lot size - 2000 - 48000

Trade cautiously Stop @ 119 - Go long for 123/24 or wait for a reversal atleast in a 1 hour bar.

There was a WW on the hourly. target met - bounce expected soon

Follow up - Banknifty

Follow up on my previous post - here

We went short with 1 lot @ 11140 after hitting the WW & channel top - My target was 10600.

Follow up - Educomp

My previous post on Educomp - here

The stock reversed strongly after hitting it's target on the WW.

Follow up - Nifty - 28 Jan 2011

My earlier post on 24 Jan

"Nifty 5 min - 24 Jan 2011

Here is another chart of Nifty - 5 minutes - Wolfe Wave on this one.

We can expect 60-80 pt upmove from 5700 (possibly 5800?) - Go short when nifty hits the red line. Watch for divergences / wolfe waves before going short. For now it's long!"

Interestingly enough we touched 5800 and reversed.

So far - I would still continue to hold my shorts and wait for a New WW to form. Dont worry if the market heads up. We've retraced 127% and will still fall further - However, we could test another channel top @ 5700 and fall down again below the low today.. possibly 5580 / 5550? After which we may have a upmove in Feb possibly to 5850/5900 or even 6000. I suspect that we will move into weekly oversold very shortly in a week or so.. and then this will give the potential to build some strength to head up and then down again.. possibly 5300 or 4800 (March End) after heading towards 6000.

GESHIP - Lot Size 1000 - Margin 57000

This is a potential WW in the making - One can go short @ CMP 325.5 for 305-300 (spot).

Buy again at 305 /300 for 350.

We will keep a close eye on this one. I'm short from 331.25.

Educomp - CMP - 513 - Lot size 500 - Margin 46000 (Update)

Going by the WW - educomp reversed on time the blue line (horizontal) was the Expected Time of Arrival (ETA)

After getting there price reversed. I did mention that you need to be cautious of going long.

Educomp - CMP - 513 - Lot size 500 - Margin 46000

Multiple WW's on Educomp - missed this one.

Can target 580 - Buy with a SL of 2% below your Cost. Use your own discretion.

For a safe buy - Buy above 525 for 580. Alternatively it could reverse from here and head below the previous low?

BANKNIFTY update

Shorted 1 lot @ 11140 spot (11180 feb future) Will add to shorts at 11600-11400.

Targets now - 10600? Trading the channel - now at the channel top.

Post from Gaurav - Powergrid - Bearish WW?

Here is a post from Gaurav on Powergrid.

Lets take a closer look.

Need to be a little cautious and short only below the trendline (96) since point 3 is below 1 - it does not seem to be a valid WW.

 Alternative below looks like a bullish WW. Lets see if it heads towards 106/8.

M&M - CMP 781.95 - Lot 500 - Margin 62000

Another bearish Gartley pattern. Short at CMP for 746 / 706

SL above 800 - reverse for 845 - could be a wolfe

Jayakumar had a question about Reliance

It seems the stock may move to 900

Use the channel to trade this stock.

Buy above 1000 or @ 900

BANKNIFTY

You can go long for 11,200 / 11,500 and go short with position sizing. Play with 2 lots - short 1 at 11200 and one around 11500.

Notice the WW & positive divergences.

OrchidChem - Lot size 2000 - Margin 1,52,000 (CMP 319)

Nice WW on this hourly chart Orchid Chem indicating downside targets of  230-220 or so.

Booked out of ORCHIDCHEM @ 218 (Feb Futures) - Shorted @ 223

Profit per lot = 5 x 2000 = 10000 (ex. brokerage)

Nifty - 21 Jan 2011

Ive looked at some possibilities for WW's on the hourly chart with possibilities of heading towards 5500.

There is also a possibility of going up all the way to 6200? However I dont see too much symmetry in the WW ie. the points.

However - there is a Gartley Pattern indicating a target of 6027 & 6466

An Older Post - 10 Dec 2010

Nifty will not be making new highs..

We could retest 6150-80

Buy at 6030 – SL 5980