USDINR Elliot wave formation expected target of 75.2 - 82.8
Thursday, September 12, 2013
USDINR Elliot wave formation expected target of 75.2 - 82.8
USDINR Elliot wave formation expected target of 75.2 - 82.8
Friday, September 6, 2013
Bull Flag Pattern Formation in USDINR with Base @ 58.65 & 60.4 ...
Bull Flag Pattern Formation
Base @ 58.65 and 2nd Base @ 60.4
Point D expected to test at 65.15 and reversal is expected fome the support level of 65, if reversal is seen from 65 will try to test 68 level which will be point E and expected Breakout l Level.
Height of the pole 1 is 10.5 & Height of the Pole 2 is 8.75
Expected Breakout @ 68
Target expected - 76.75 - 78.5
Nifty Topout @ 5700 - 5720 a-b-c Pattern formation. Expacted Target 4700 in near term
Nifty looking at the chart is making a formation of A-B - C where point C has retraced by 61.8% retracement of A-B, if this resistance of 5720 is holding then will give a good reversal in market where on lower side 100% expansiion which comes to 4700 is expected to test soon in near term.
Wednesday, September 4, 2013
India slips to 60th rank on competitiveness. Sep 04, 2013, 11.23 AM IST
Releasing the annual Global Competitiveness Report 2013-2014, Geneva-based World Economic Forum (WEF) today said highly innovative countries with strong institutions continue to top the rankings.
India has slipped to 60th position in terms of its competitiveness globally, while Switzerland has retained its top rank. This is India's lowest ever rank and also 31 places below its peer emerging market China.
Releasing the annual Global Competitiveness Report 2013-2014, Geneva-based World Economic Forum (WEF) today said highly innovative countries with strong institutions continue to top the rankings.
While Switzerland is on top for fifth year in a row, United States has reversed its four-year downward trend to occupy 5th position and Japan has risen to ninth place.
Singapore and Finland remain in second and third positions respectively, while Germany moves up two places (4th). Two other Asian economies, Hong Kong SAR (7th) and Japan (9th), also feature in the top ten of the rankings of 148 economies.
On India, the report said the country continues to be "penalised" for its very disappointing performance in the basic drivers underpinning competitiveness, the very ones that matter the most.
"The country's supply of transport, Information and Communications Technology (ICTs), and energy infrastructure remains largely insufficient and ill-adapted to the needs of the economy," it said.
The WEF report further noted that "notwithstanding improvements across the board over the past few years, very poor public health and education levels remain a prime cause of India's low productivity".
Meanwhile, among Asia's developing nations, Malaysia is the most competitive (24th). At 29th, China remains by far the best of the four largest emerging market economies, ahead of South Africa (53rd), Brazil (56th), India (60th) and Russia (64th).
The gap between China and India has widened from just eight places in 2006 to 31 today. Indonesia jumps 12 places to 38th, making it the most improved G20 economy since 2006.
India has slipped to 60th position in terms of its competitiveness globally, while Switzerland has retained its top rank. This is India's lowest ever rank and also 31 places below its peer emerging market China.
Releasing the annual Global Competitiveness Report 2013-2014, Geneva-based World Economic Forum (WEF) today said highly innovative countries with strong institutions continue to top the rankings.
While Switzerland is on top for fifth year in a row, United States has reversed its four-year downward trend to occupy 5th position and Japan has risen to ninth place.
Singapore and Finland remain in second and third positions respectively, while Germany moves up two places (4th). Two other Asian economies, Hong Kong SAR (7th) and Japan (9th), also feature in the top ten of the rankings of 148 economies.
On India, the report said the country continues to be "penalised" for its very disappointing performance in the basic drivers underpinning competitiveness, the very ones that matter the most.
"The country's supply of transport, Information and Communications Technology (ICTs), and energy infrastructure remains largely insufficient and ill-adapted to the needs of the economy," it said.
The WEF report further noted that "notwithstanding improvements across the board over the past few years, very poor public health and education levels remain a prime cause of India's low productivity".
Meanwhile, among Asia's developing nations, Malaysia is the most competitive (24th). At 29th, China remains by far the best of the four largest emerging market economies, ahead of South Africa (53rd), Brazil (56th), India (60th) and Russia (64th).
The gap between China and India has widened from just eight places in 2006 to 31 today. Indonesia jumps 12 places to 38th, making it the most improved G20 economy since 2006.
Asia is also home to some of the world's least competitive economies, including Bangladesh (110th), Nepal (117th) and Pakistan (133rd), which drops for the third year in a row.
Bhutan (109th), Lao PDR (81st) and Myanmar (139th) join the index for the first time.
Among European economies, Sweden (6th), the Netherlands (8th) and the United Kingdom (10th) have fallen. "Innovation becomes even more critical in terms of an economy's ability to foster future prosperity," World Economic Forum Founder and Executive Chairman Klaus Schwab said.
Schwab further noted "the traditional distinction between countries being 'developed' or 'less developed' will gradually disappear and we will instead refer to them much more in terms of being 'innovation rich' vs 'innovation poor' countries."
It is therefore vital that leaders from business, government and civil society work together to create education systems and enable environments which foster innovation, it added.
Tuesday, September 3, 2013
Reliance A-B-C Pattern formation Expected target of 704 - 641
Reliance is forming A-B-C pattern formation and has retraced by 76.4% of the fall and is showing a confermation of reversal and on lower side expected target comes to 704 which is 121% of A-B from point C and further trading below 700 will bring to 641 which is 161.8% expansion of A-B form C.
USDINR Elliot wave Pattern Target of 73.2 - 79.5
Some fundamentals which will support the expected target
of 79.5 $ are as follow.
1: Expected
Oil price to test 153$ from Current price of 114$ per barrel can check Blog update
on 9th Aug 13
2: Fall
in Financial Market where Nifty is expected to test 4500 soon which will bring outflow
of FII.
3:
Expecting some Debt Default coming soon, this will hit Banking sector soon.
Principle
of Elliot wave explained
Basic
Sequence
There are two
types of waves: impulse and corrective. Impulse waves move in the direction of
the larger degree wave. When the larger degree wave is up, advancing waves are
impulsive and declining waves are corrective. When the larger degree wave is
down, impulse waves are down and corrective waves are up. Impulse waves, also
called motive waves, move with the bigger trend or larger degree wave.
Corrective waves move against the larger degree wave.
Three Guidelines
There are numerous guidelines, but this article will focus
on three key guidelines. In contrast to rules, guidelines should hold true most
of the time, not necessarily all of the time.
Guideline 1:
When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave
1.
Guideline 2:
The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp
correction, Wave 4 will be a flat correction. If Wave 2 is flat, Wave 4 will be
sharp.
Guideline 3:
After a 5-wave impulse advance, corrections (abc) usually end in the area of
prior Wave 4 low.
Three Rules
Believe it or not, there are only three rules when it
comes to interpreting Elliott Wave. There are many guidelines, but only three
HARD rules. These are unbreakable. Guidelines, on the other hand, are bendable
and subject to interpretation. Furthermore, these rules only apply to a 5-wave
impulse sequence. Correction, which are much more complicated, are given more
leeway when it comes to interpretation.
Rule 1:
Wave 2 cannot retrace more than 100% of Wave 1.
Rule 2:
Wave 3 can never be the shortest of the three impulse waves.
Rule 3:
Wave 4 can never overlap Wave 1.
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