Pradip Kumar Shukla

Report on: Elliot wave and Fibonacci retrenchment of 10 stocks

• DABUR

Elliot Waves: The stock has already shown up movement and is now going in down direction
for correctness.

Fibonacci Retracement: The stock may touch the following important levels while going in
down movement for correctness.
• VINATI ORGANICS

Elliot Waves: The stock has just shown upward movement covering wave 1 & 3 and it is still
to reach wave 5. Hence, we could look for long opportunity in the stock.

Fibonacci Retracement: The stock may touch the important levels while going in upward
movement of 1913.12 & 1938.56.
• ITC LTD

Elliot Waves: The stock has already shown up movement with waves 1,3 & 5 and is now
going in down direction.

Fibonacci Retracement: The stock may touch the following important levels while going in
down movement.
• BANDHAN BANK LTD

Elliot Waves: The stock has shown up movement with waves 1,3 & 5 as well as down
movement with waves A, B & C. Now again the stock may follow the same pattern.

Fibonacci Retracement: The stock may touch the following important levels while again going
in up movement.
• ICICI LIFE PRUDENTIAL INSURANCE

Elliot Waves: The stock has just shown upward movement covering wave 1 & 3 and it is still
to reach wave 5. Hence, we could look for long opportunity in the stock.

Fibonacci Retracement: The stock may touch the following important levels while still going
in up movement.
• DLF LTD

Elliot Waves: The stock has already shown up movement with waves 1,3 & 5 and is now
going in down direction.

Fibonacci Retracement: The stock may touch the following important levels while going in
down movement.
• HINDUSTAN COPPER

Elliot Waves: The stock has already shown up movement with waves 1,3 & 5 and is now
going in down direction.

Fibonacci Retracement: The stock may touch the following important levels while going in
down movement.
• RAIN INDUSTRIES

Elliot Waves: The stock has just shown upward movement covering wave 1 & 3 and it is still
to reach wave 5. Hence, we could look for long opportunity in the stock.

Fibonacci Retracement: The stock may touch the following important levels while still going
in up movement.
• TATA POWER

Elliot Waves: The stock has just shown upward movement covering wave 1 & 3 and it is still
to reach wave 5. Hence, we could look for long opportunity in the stock.

Fibonacci Retracement: The stock may touch the following important levels while still going
in up movement.
• IRCTC LTD

Elliot Waves: The stock has already shown up movement with waves 1,3 & 5 and is now
going in down direction.

Fibonacci Retracement: The stock may touch the following important levels while going in
down movement.