akg1249

akg1249 May 13

Fall of INR against the USD began in early 1970s, or perhaps late 1960s--we don't know for sure for lack of trading data. Since then, it has depreciated against the USD in crystal-clear 5 legs, or waves according to Elliott Wave Theory (EWT). To validate EWT, there occurred a gigantic gap of 9.23% in July 1991 where third wave is supposed to be--a hallmark of...

akg1249 Updated  Apr 8

HCLTECH has had a phenomenal run from ₹12.9 in September 2001 to ₹2,012.2 earlier this month, a growth of ~15,500% in 279 months, averaging 40% annually. But is it all about to end? 5/35 MACD, which I love to use to validate my EW count is showing a massive divergence on the weekly charts combined with a big high-volume engulfing bar concurrently taking shape....

akg1249 Updated  Dec 27, 2021

NSE:INDUSINDBK Minor wave 1 top at ₹1242 posted on 27-10-2021. Ensuing decline in Minute wave a (circle) seems impulsive in nature, which means we will likely form a zig-zag (5-3-5) for complete correction. Expected price/time target shown. Initial recovery post this phase of decline expected to be sharp with target zone shown. Invalidation point for...