- January 3, 2012
- Posted by: Ramki Ramakrishnan
- Category: Indian Stocks Trading
In my last Elliott Wave update for Indian stocks, I pointed out that ICICI bank was approaching a buy zone. At that time, I was suggesting buying in stages from 620, but you could have done better and purchased at 642 if you had followed the methods described in Five Waves to Financial Freedom. There are so many low-risk opportunities around that all one has to do is to spend the requisite time to do the research! Take a look at this chart that shows how you could have computed the end of the fifth wave of the C.
P.S. There is no change in my recommendation on L&T, if you are long, you should exit that stock on any recovery, perhaps even a tad sooner than 1190