Early Economic shorts: Bajaj Auto and Yes Bank
Bajaj Auto Daily. Prices are testing minor trend channel supports near 1,350 levels. A break sub respective supports would confirm that we are in the corrective (Y) wave down and suggest further negativity till at least previous lows at 1,200 levels.
Yes Bank Weekly. The intermediate structure looks like a potential head and shoulders reversal, while the Elliott structure suggests an ongoing corrective (Y) wave down. Our first targets lie at 270 (neckline supports) and 240 levels respectively (Fibonacci confluence and previous (W) wave lows).
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Coverage India: CNX100 traded stocks and Indian Indices. Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.