Monday, May 20, 2013

Support 6146.

Dear All,
>Click the chart to see on full screen<

Above chart updated during market Hours on Face Book. Said 6146 is Important.
>> Happened on Nifty <<

>Click the chart to see on full screen<

Formation looks like an expanding Triangle. Count also suggest end of (v)th wave, shall be confirmed if breaks below 6146. If breaks 6146 then possible fall upto the lower end of the channel. Lets See.
> Crompton Greaves <

>Click the chart to see on full screen<

We had a Sell call today on Crompton as given below.

Sent on May 20, 2013 12:21:25 PM ****N4A-STOCK-ALERT**** Sell CROMPGREAV below 105.50 SL above 107.80. Target 103.20, 101.80 and 100.40 (all spot lvl

Sent on May 20, 2013 02:44:16 PM ****N4A-STOCK-ALERT**** CROMPTON DONE ALL TRAGET AT 100.50. BOOK FULL PROFIT 2000X5=10000/- ENJOY

As per above chart attached, I feel that Stock completed sub wave (iv) and should fall below 87. So I remain bearish still on the stock. Lets See..