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Tata steel

5 Jul 201305:02 AM

Many stocks exhibit at least a wave c up should form before the market can top, lets look at a few.

Tisco - recent low of 263 for wave b can push it back to 290 in wave c.

 tisco050713

Icici bank - from 1045 to 1105 in wave C

 icici050713

Bhel i am being a little more positive and marking it 3 up to 198

 bhel050713

Axis bank from 1265 to 1387 in wave c. Note b retraces within 61.8% in most of these cases.

 axis050713

DLF from 176 to 201

 dlf050713

This method can be applied accross for the moment but there will be a few failures.

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