		Dalal Street Community For Traders & Investors For Discussing Stocks Commodities & Forex
Forum Display

New Visitors/Guests are NOT required to register to post threads/topics/messages on the forums. Visit any forum and reply or create any thread by choosing a nickname/username. Your entry will show up once MODERATED by our team within 0-4 Hrs. However, you are encouraged to register to become a permanent member to avoid the moderation of threads/posts. Registered members may ignore this message and login as usual.

» Recent Blog Entries
Loan against shares written by ashwin on 11th September 2008 Buy FT written by buntypahujaa on 6th August 2008 Short term trade written by buntypahujaa on 6th August 2008 crude written by panco on 25th July 2008 Knowledge is power written by joesb213 on 19th July 2008

» Current Poll
Is Nuclear Deal Suitable For Indian Growth?
Yes, It is needed as we are way behind many countries in terms of using nuclear energy for socio-economic use - 80.00%
No, as it will increase unemployement and halt the economic growth - 0%
No, Left advocates the true and clear vision about the progressive India - 0%
Can't Say. But It shouldn't be at the cost of Inflation or affect Indian economy - 20.00%
Total Votes: 15 You may not vote on this poll.
» View Poll Results » Comment On This Poll » This Poll Has 3 Replies

Technical Analysis

Analyse markets using technical methods/principles, fibonacci, elliot wave etc.

Thread: Elliot Wave Principle

View Single Post

#2 (permalink)

15th April 2008, 09:30 AM

pkapadia

Join Date: Aug 2007

Location: Pune, India

Sign:

Posts: 121

Blog Entries: 1

Thanks: 6

Thanked 5 Times in 5 Posts

Quoting from Sunday, Business Line, Lokeshwari writes:

"The Sensex has been moving sideways since the March 18 trough at 14677. There are three possible counts for this move. (a) This could be the second minor of the third wave of the correction that began in January. As per this count, the index will witness another steep and vertical fall to 14198 or 12805. (b) The second possibility is that the move since March 18 is a more sustainable corrective pull-back (B Wave) that can take Sensex to 17200 or 17500. (c) The more ambivalent count is that the B wave could result in a move between 14500 and 16500 for a few months.

For the near term, it is best to be ready for sudden moves in either direction."

Hope this helps.

Paresh

Disclaimer:
As we all know that investing in any equity market is risky. Recommendations made by our board members are believed to be based on thier reliable and authenticated sources which are believed to be true and accurate, and also technical analysis is assumed to be based on and conceived from charts and/or by other means.
Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author/admin won't be liable or responsible for any financial losses made to anybody.
In case of any doubt you must post a reply and ask our members for clarification over the messages posted by them in the forum.

Thank You

ADMIN
Dalal Street Forums

All times are GMT +5.5. The time now is 05:25 PM.