Get started

Bearish Bat

Auropharma-You don't Know-Fall@792 Wish you Happy Holi & May this festival bring lots of colors in your life!!! Education & Trading Idea Wedge Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down. When the pattern completes, and the price breaks out of wedge, it is usually in the opposite direction the wedge was pointed. This is why it is called a reversal pattern. Books on Harmonics Harmonic Trading Volume 1 & Volume 2 - Scott Carney --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy ( All Analysis Done on Spot/cash data - Kindly Adjust Futures Data Accordingly) Plan A - Holding 770 lows - Traders can look to buy with strict stops below 770's. Can Expect Upside Push to 793-797 zone as upside target Plan B - Selling Later from 793-797 zone with strict stops above 805 (800 is key reversal level - 805 is critical reversal level) ------------------------------------------------------------------------------------------------------------------------------------------- Note - Safe Trader - Don't Take Sell as per plan B if it moves above 800 level Risky Trader - Can remain in Sell as per plan B as critical level is 805 This Idea gets invalidated once price moves above 805 level Thanks for watching the video.
NSE:AUROPHARMA
by WaveTalks
22
PNB - Wake up or V-Cup with PNB@148-149You want to Wake up or take the V- cup - your choice. It has retraced 50% of the rise from 132 to 164 at closing price for the day @148-149. The zone of interest 148-149 was shown in previous post which was travelled today on account of dalal street bleeding for the day & PNB cracked below 157 updated early morning@08:11 Hrs - 3rd Aug2017. Travelling again & again in the zone 157-158 (We need to pack our bags) - after an idea was published as shown below - we changed as markets wanted us to do so ( after all trend is your friend) What Next ? As I always say - never hurry in the markets ( There is a saying very commonly used by all of us - "He whose mouth has been burnt by hot milk even blows on buttermilk when drinking it!" ) So, wait let market show interest then we take interest. we shall look for a cautious bounce if markets support the initial move holding above 145-146 Zone. Once you have taken the V-( Victory) cup - It will boost you for solid performance next. Note- Try the V-cup on your own risk. Fire with Cypher@157 - I turned upside did you -- I dumped as well in time, did you ? - react with a sonic speed if you want to survive in markets. Bat was sitting in the cup - It is scary! Triangle be the mother of shark - 159 to 149-146 (Took a longer path but the destination was reached)
NSE:PNBLong
by WaveTalks
1
Where we are with Banks ?!Technical Aspects : YesBank - Bearish Bat AxisBank - Channel Breakout ( will fail & range again, just My opinion ) SBI - Bearish Cypher So as of now our technical aspects point downside... Fundamental : Not literally fundamental view, based on macro news, YesBank - Lesser NPA than Axis & better next to HDFC AxisBank - High NPA among privates SBI - Banks consolidation will do it down & NPA none cares, bcos its public(our) Money, so they don't mind about getting it back. :) This is not for trading, just an overall view...
NSE:YESBANK
by InsiderB
6