5 Jul 2013 ● 05:02 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.
Icici bank - from 1045 to 1105 in wave C
Bhel i am being a little more positive and marking it 3 up to 198
Axis bank from 1265 to 1387 in wave c. Note b retraces within 61.8% in most of these cases.
DLF from 176 to 201
This method can be applied accross for the moment but there will be a few failures.