Likely Indigo if goes past 907 on top -it shall take the flight to the center channel zone 950-1000 & crossing & sustaining above that shall take it to 1150-1200 on Upper Channel Top where Y will be equal to W-Wave
Possible H&S Pattern If goes below 790 without going above 907 & starts falling below 790 then H&S Pattern gets activated with its ideal target zone of vertical distance from Head to Neckline at 790 to be measured which in this case comes to 1095- 790 = 300 approx
Target Calculation Subtract 300 points from 790 = 490 levels in the future.
Regards, Abhishek H. Singh, CMT
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15:00 Hrs- 21sep2016
A pop up green candle trading at 886-hmm
Comments
DebuRoy
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if i disturb you.excuse me i took chennai petro @302. if i hold or exit
WaveTalks
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No - Take Buy only above 307.20-307.50 or slightly above 297 -if 297 gets broken then it will start falling
WaveTalks
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Debu -why are you putting this question here on wrong post - this in indigo
DebuRoy
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sorry. excuse me.
WaveTalks
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Debu- This update is on Indigo & you are asking a question on chennai petro - likely ask question on chennai petro in its respective updates so everyone can take advantage of the discussion as some participants who are interested in chennai petro they won't come to know about this discussion of chennai petro which has been done In Indigo update-. Hope so you got the idea.