Indian Charts: Wipro , GE SHIP, EVEREADY

Thursday, December 8, 2011

Wipro , GE SHIP, EVEREADY

I had noticed this nice Wolfe Wave on Wipro . I thought when NIFTY comes down a bit from that 5050 level , wipro will fall a bit tooand I would post it as BUY . But this did not fall even today . Targets in the chart. Some people might wait for it to fall to 380-390 level and then buy . But cannot say anything about that .

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Next stock is GE SHipping . With Oil going high and threat of a war in the ME, shipping cost too should increase. This stock has not one but 2 wolfe waves . But for the time being one might target the lower target area.

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Eveready is already corrected to much lower levels. Now the support level lies very close at 24 while the stock is now trading at 26.30.

Like GE Shipping , 2 wolfe waves seen. This looks like a good buy at these levels.

Thanks.

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