As we head into expiration and a long weekend here are some interesting Insider updates i am sharing with you starting with Axis bank with its potential expanded flat structure. Enjoy your weekend. It has been a while and I should publish the next Long Short report soon, it is getting to be time.
Axis Bank
Axis bank fell in 3 waves to where wave B=123.6% of A, so this could be an expanded flat if the support at 495 holds and we go to wave C = 161.8% of A = 555
EURINR
EURINR to resume its up move as the Euro breaks out. Wave 3 still points to 83.85 near the upper end of the rising channel
Zinc Mcx
Zinc Prices held the multiple lows as support very close to the 40 week average, and in doing so
there is a good positive divergence on the RSI indicator. All indicative that a low might be in place for Zinc.
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rohit Srivastava www.indiacharts.com For accurate market forecasting. Market forecasting is a study of past data to assess future probable outcomes. It is our endeavor to discuss high probability outcomes for traders and investors. However this is not a solicitation to buy or sell stocks futures
or options or any security. Trading in any financial market should be done with sound knowledge and the help of a qualified investment adviser. Stocks based on the Elliott wave model are based on the Fibonacci fractal of the market and momentum indicators, targets are based on Fibonacci maths and are only indicative of what the mathematical model throws up. This is not a recommendation to
buy/sell. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
