Stocks on major trend reversal may have mild relief rally if certain supports hold.

Stocks have broken major trendlines and the correction or the downtrend will be deeper that the ones experienced during this last one year upmove. Do not get deceived by any rallies. Sell into 3- 4 days old rallies.

Continue Reading...

TCS

IT Index & IT stocks which have outperformed this "Uptrend from Mar.09" are in their terminal 5th wave with some powerful moves. Some such as Infosys showing "ending diagonal" possibility with overlapping waves in its 5th.
Other stocks ,covered earlier too, such as Tata Steel, RIL, SBI, Icici bank, Rel.Capital would launch into their final up move now.

Continue Reading...

Infosys - 5th wave may have completed..

Continue Reading...

Infosys in its 5th wave..

Infosys is moving higher in its 5th wave and making all time highs. When a scrip makes all time highs, it is difficult to put a target or resistances. The prices have overcome all the pent-up supply and moving higher due to good demand for the scrip.
Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.

Continue Reading...

OFSS, Tata Steel, SBI

Continue Reading...

Infosys-Update

Infosys is in its 5th wave and it will move into its all time highs. Only concern being the lack of volume during this upmove of 10-15 days.

Infosys-weekly-Log chart suggests of heading towards the middle line(much higher), after which it is expected to consolidate.

Continue Reading...

Infosys, L&T & Educomp....

Continue Reading...

IT Index reverses after severe Negative divergence..

DEEPU: Thank you for drawing my attention to IT stocks- Next to fall..!
CNX IT Index - Daily: Confirmed a sell. Write Call options; Buy PUT options; Sell the Futures and hold through the Nov. Series.

Wipro-Week: Sell signal after Negative divergence after a year of uptrend. SELL...

Wipro-Daily: Just broken a major trendline support after showing series of Negative divergences. SELL..SELL..

Though other IT stock charts are not shown here, SELL them anyway.

Continue Reading...