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Banks

HDFC- Enjoyed the Fall from 1430- 1200- What Next?Important Feature- Use Alarm icon in authors updates of current issue so that you don't miss the important action in the coming days In the previous update- Likely I was looking for a fall from 1430's to 980-1010 zone- Excited, as I got some chunk of the move, which comes once in the blue moon shown as oval shape. The sharp fall happened between 11th to 15th Nov2016. What Next The fall of 1464 looks in a complex correction W-X-Y form. Currently it could be early in the fall of the Y - wave- the current sideways move looks like it wants to puke further, but be careful of corrections as they can consume big time, so likely going below 1200 which is the recent swing low will clear the way that the Bank is weak & can inch closer to our desired zone of the target. First, it could get support in the zone 1150-1160 zone - later zone 1050-1060 & finally, if it gets extended downside then 1000-1025. Later I shall come back again. Other Analysis has been attached in related ideas' section HDFC- Calling for 980-1010 (Click the charts- Load Right Side Bar- To see how it moved)
HShort
by WaveTalks
10
BankNifty : Insync with Waves & Double BottomThis is delayed post, went to place few orders, Sorry Guys ! Could have abandoned this post but as it got insync with My prev.post of BankNifty, I wanted to share that all methods work well in markets if used properly. In last BankNifty post 10days before we have seen elliott waves and wave 5 pointing upwards. I initiated long from that time with stops below support zone. Now with Fed event off the list we are looking at great move upside. Just one point, whether its Trendlines,Elliott's,Double Bottom or Moving average , Everything works in trading. There is no best strategy, its how you use it, 1000 ways to make money in markets ! If you get chance on intraday enter long, I dont have much to say !
NSE:BANKNIFTYLong
by InsiderB
5