1. That was an awesome analysis. Such a clear perspective of how Elliott Wave with the usage of Fibonacci series works. Great job, Mr. Ramki. Thanks for the video. I would also like to mention that both Tata Motors and Tata Steel, as well are in line with a text book Wave theory movements.

    1. Thanks Ganesh. Glad you found it useful. Why don’t you spread the word around that I will be looking at India more closely than before!

      1. I will surely do so, Mr. Ramki. It’s very rare that Indians with such wonderful knowledge, tracking markets purely on the basis of technical analysis like the wave theory, share their thoughts and insights in a precise and lucid manner, free of cost, just to help guide upcoming traders get an insight and use the the power of Wave theory along with Fibonacci series. Your video on the TCS stock was even more brilliant. But I did get a bit confused on how you managed to tag the lows from November 2008 to Jan 2009 as wave 1. Your explanation of Wave 1, by zooming into it clearly helped a lot. One thing is certain, I surely need to gain a lot of experience to do that, for from the way the price charts have formed, just a mere look at it doesn’t clearly give a sense of wave 1 completion. Another case in point, I never expected Nifty at 6338.50 on November 5 as the top, for even to this day it looks like some kind of truncated top. Thanks once again. I’ll send this video around to all my contacts interested in trading and investing.

        1. Hi Ganesh, Thanks for your comments. It is not always easy to identify turning points (your difficulty for the top in Nifty is not unique. Even experienced analysts will have doubts near the turning points). As for labelling waves, it usually gets better with experience. Keep at it! Good luck.

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