Likely I would be interested if TS comes again in the zone of 383-385 where the fall from 394.65 to 367 shall be retraced by 61.8%- ideal location for Wave-2.
Trading Strategy One can look for longs if TS crosses 375 with day's low stop for target zone 382.50-384 Always book 50% in every profit trade & trail rest to stop at cost. Or
Sell can be taken only if lows of 367 is broken as per aggressive strategy.
If TS comes in the zone 383-385- in that case Wave -2 shall get divided internally into 3-waves -a-b-c.
Regards, Abhishek H. Singh, CMT
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13:30 Hrs-IST-1st Sep2016- Look at the risk reward here as well- TS went very close to lows@367- Made day's low@369.50 & Boom- Just trading at 375.
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14:50 Hrs-IST-1st Sep2016- Current Price@373.70 - we shall taking small loss who have not trailed their stops to cost@375 -which was breakout point.
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WaveTalks
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12:30Hrs-IST-2nd Sep2016- Likely there is no trading opportunity in TS at the moment