Elliott Wave Analysis of Coal India

This Elliott Wave analysis of Coal India stock is an example of how I approach the market. I had prepared this on 10 October 2017. The techniques used are exactly what I have described in detail in my book “Five Waves to Financial Freedom“.

 

Wishing all Indian readers a very happy Diwali.



Author: Ramki Ramakrishnan
35+ years of market experience shared on Wavetimes. It can change the way you trade, FOREVER. Check it out. I am the author of "Five Waves to Financial Freedom", one of the best-selling Elliott Wave books on Amazon. An international investment banker, treasury manager and adviser to hedge funds FIs and HNIs from around the world.

2 Comments

  • Mihir Jariwala

    in your book its mentioned that Wave X is formed between the two corrections and not before the correction happens like it intermediate between two corrections. here you label X after impulse and then counted abc why ?

    • Ramki Ramakrishnan

      Mihir, You are correct in your understanding that an X wave is what separates two legs of a correction. As for your confusion with the labels here, you should know that all wave counts are tentative! The B wave is on its own a complex correction with two sets of (pink colored) abc’s inside it and separated by an X. The X you see at the far right with a question mark considers whether we will get another ABC in proportion to the larger ABC that preceded it.

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