Thursday, 16 October 2014

DOW JONES(USA) HEADING FOR SHARP DOWNWARD REACTION IN COMING WEEKS? CMP 16142-DAILY CHART ANALYSIS UPDATED WITH ELLIOT WAVE COUNTS OCT 16 2014

The bullish trend in the US Markets may have come to an end last week. Prices have confirmed a 5th wave  of the ending diagonal formation on the daily charts. Prices have broken through support near the 16400 levels and have closed below the same. Prices could be heading to the zone of a minimum 15200/15300 levels in the coming weeks. Charts courtesy: stockcharts.com



US MARKETS HEADING FOR SHARP DOWNTURN?



Tuesday, 14 October 2014

FEDERAL BANK NSE (INDIA)- FIFTH WAVE COMMENCED ON DAILY CHARTS. TARGETS ARE 152/173. CMP 139

FEDERAL BANK POISED FOR GAINS OF 10-15% IN THE COMING WEEKS?



The Federal Bank stock has moved out of the 4th wave consolidation and broke to fresh
highs today. A fifth  wave on intermediate trend charts may have begun with targets of
155 and 175 in the coming weeks. A move below the 110 mark will cancel our view.