Krystal Ball - 1st May 2001

dear readers, Please read the disclaimer first at the end of the section.

Indian Stock Charts.

Bharat Petro-30th April-196.35

BPCL seems to be running out of fuel. Watch for the stock to cut the red support line on the daily chart and move down. A 50% retracal would take the price action towards the 150 points marker that co-incides with lines drawn from  important market turning points. Besides that would be near the terminal area of W4 of the recent bull action. Stop loss is as usual a must.

weekly chart

Daily Chart

Tisco-30 th April -Rs.134.80

It is too early from the point of prudence to forecast Tisco's evolving price pattern. For those who would like to take a long shot  based on the form of the current wave pattern may consider the following projected price pattern.Should the stock price move as we have cast it below, then we may see Tisco move down to 105, then up to about 167 and then down towards 93 to complete a large pattern.But remember,the projected chart is only an attempt to forecast an Eliottian pattern.

Tata Chemicals-30th April-Rs.40.05

Tata Chemicals may down towards the previous lows of 33/34.

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