NileshThete

NileshThete

Good medium term buy...

NileshThete

After 5 wave fall from the high of 1992 to the low of 1045 in dec 2015 (A) ...We have completed a 5 wave countertrend move A of (B) . Now we should retrace this move in 3 legs B of (B) upto minimum 50% that comes to 1200 lvls.

NileshThete

We have come at HNS support..acuumulate longs now..

NileshThete

Possible alternates..

NileshThete

Copper after long bottm formation is poised for a breakout....Buy copper with SL of 1.9

NileshThete Updated 

This is how natural gas has progressed so far...It should make a double bottom or slightly lower low at 1.5 lvl...Where we will assess signs of reversal to go long...

NileshThete

Buy on dips..After High of 386 we have completed a double correction at the low of 129.05....If the correction is over we can see stock making new highs in coming years..Violation of the low of 129.05 will set in tripple correction....Strategy is to buy on dips expecting new highs with SL @ 125

NileshThete

Gold has really surprised on the upside...This is not looking like a corrective move...We will assess the counts later

NileshThete

As mentioned in the previous post gold has finished its 4th wave upmove and we are in initial stages of the 5th down...Short now targetting sub 1200 levels...

NileshThete

Gold after making 3 wave low below 1200...is rising for the 4th wave which I expect to complete around 1244 - 1250 lvls...Get ready to short guys....we are going to see sub 1200 levels again..

NileshThete

Those who remember 2008 crash will surely remember Reliance power IPO..It was after this IPO there was a crash in stock markets...After seeing high of 309.4 on 1st may 2008..stock has seen correction to the low of 33.05 on 03/08/2015...This stock can reach much higher levels in years to come....Buy on dips is strategy....

NileshThete Updated 

Silver seems to have completed 1,2 and we are finishing minor wave 1 of 3 @ current level..Should see some down moves in silver next week to complete minor wave 2 of 3....Strategy: short on any weakness tgting 16.5-15.8

NileshThete

Reliance industries has been consolidating for almost 9 long years now...It is near to complete a large traingle most likely 4th wave...We can clear see a,b,c,d legs of traingle on mnthly charts with e leg itself being a traingle..There is lot of upside in reliance industries after completion of the large consolidation fourth wave traingle. Idea is to buy in dips...

NileshThete Updated 

Short the pullabck towards 1260 - 1265..

NileshThete

Silver after impulsive rise is correcting...we are in double correction for silver. whch I expect to complete at 15.6 lvs....Where on signs of reversal longs can be entered...

NileshThete Updated 

Gold moving according to the trade

NileshThete

Nifty after an impulsive rise has entered corrective mode....Short term view is short the pullback to 7830 - 7860 lvls..for tgt of 7600 and 7400...

NileshThete

REC has formed 7 year long corrective flat...which is in ending stages.....