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Nifty has crossed below the Daily Support.Nifty might have a big fall in the coming days. Since it crossed down the daily support it might fall till 10023, which will lead to one of the largest erosions in investor wealth. Sustained selling pressure is seen in the market. Resistances are gradually shifting lower. If it closes below 10023 then the next target will be 9971. This shorting trend will reverse only if Nifty crosses above 10960. Trade with strict Stoploss and based on technical analyzing.
NSE:NIFTYShort
by BtechTraders
1
BSE short term SENSEX has two possible chart pattern scenarios standing out among others for me . On the 4 hr, My primary pattern for any play is the Ascending triangle with initial target near 38950 level. Although,There's a bearish pattern (Bear Flag) in play too but I'm not too confident about it, as the flag consolidation is roughly >/= 50 % of the flag pole. Also there's no sign of trend exhaustion on this move up from the last recent swing low on the 4 hr, where it gave us bullish divergence before moving up. But that doesn't confirm that it wont go down . It always can. If it does, my initial downside targets for the flag breakdown are around 32000-30000 ranges. Strong break of patterns either way would be a nice confirmation to enter a trade. I'll post my probable count for BSE below. Remember, this is not a financial advice and just my view of the market , how I THINK its going to play out.
BSE:SENSEX
by XtinCt
Vijaya Bank - Never Ending Journey -15 YearsHello All, Someone who bought this share in 2003 expecting better prospects but got stuck in 15 years cycle which it is passing through at present. It is 2018 & you have already spent big part of your effort, patience & expectation in this stock since last 15 years & you are about to give up when good times could knock at your door soon. One has to go through trouble of hardwork, pain & patience before they can take advantage of good days, even Lord Rama had to pass 14 years in pain & sufferings before he came back to his kingdom & ruled for rest of his life. My suggestion to investors -Don’t give up so easily as every tunnel has the end. Why I am saying this has following points which can lead to your happy days or end of the tunnel in which you have been travelling along with Vijaya Bank since last 15 years. Vijaya Bank is in 15 years mega irregular triangle where B-Wave which ended @115 Highs above Wave –A. Irregular Triangles Irregular Triangles are special structures where its second leg Wave -B can move above or below its starting leg in this case –starting leg is Wave -A which started from 76 Highs in April 2004 & was a complex wave itself divided into 3 parts- “circled wave abc” ending at Lows@20. Wave-B made new highs above 76 mark so it is known as Irregular Triangle. Similarly, Larger Wave –B is also three part structure – “circled wave abc” & so on We are in the final part –Larger Wave –E which is close to end or possibly may spend a year+ more before everything gets settled & possibly we may see a spurt or thrust soon from this 15 years Triangle taking to new highs above 115. I assume when this happens you will feel blessed, best part about this stock is that we are most likely to see unwinding effect / uncoiling effect discussed in Edwards & Magee Technical Analysis Book- Important Reversal Patterns Stock has spent 15 years of exile as compared to other counterparts - Think of Lord Rama & Enjoy. May Lord bless all of us.
VEducation
by WaveTalks
2
Auropharma - It's the Time to Disco -Five Turns to 785Update Do check -Latest update in previous idea- "Playing with Channel" - taking current price action into consideration. ------------------------------------------------------------------------------------------------------------------ Chart Snapshot at 09:57 Hrs Last Price@789 ----------------------------------------------------------------------------------------------------------------- Let us run the flashback 13th Nov 2018 Auropharma screamed to me post falling to lows of 760’s that I will do disco dance tomorrow 14th Nov 2018 on account of children's day - suggesting me the range as well - 780 to 765 --------------------------------------------------------------------------------------------------------------------------------- As updated on the post – “Playing with the channel” @15:50 Hrs -13th Nov 2018 --------------------------------------------------------------------------------------------------------------------------------- Closing Price@775 Top of 780's was kissed in today's session against our expectation of 785 - 790 zone from bottoms of 760's Planning for Tomorrow -14th Nov 2018 Any chance to sell in 777- 780 zone shall be short term opportunity for 770- 765 targets downside Later Plan to buy in 760-765 zone if 759 is intact downside as It may do disco dance tomorrow between 780's to 760 zone Because it needs to spend some time so next we plan to sell at the top range close by 780's & buy at bottom of the range which 760's -and dance with the market. --------------------------------------------------------------------------------------------------------------------------- 14th Nov 2018 5 Turns to 785 which was updated on the post – “Playing with the channel” “If you missed the updates on the post – check your settings in idea stream tab in tool's panel.” -------------------------------------------------------------------------------------------------------------------------- 15th Nov 2018 Trading Strategy - Latest Update Taking into consideration early price action of today - 785 is key level and 790 is critical level -till the time 790 is intact -we shall sell for 775 -765 - 760 & below 760 for 745-748 target zone. Plan A Fall to continue from 785 – It’s 785 – Going Below 765 & Breaking 760’s can take stock to 745-748 zone which is next important support zone. Plan B In case, it holds 765 – does not move below 765 then risky buyers can take buy call /long position with strict stop loss below 765 & upside target as 773-778 later. -------------------------------------------------------------------------------------------------------------------------------------- Hope, you enjoyed the disco dance – 5 Turns to 785. Do take good care of yourself. Thanks for watching the video and your precious time.
NSE:AUROPHARMAShort
by WaveTalks
2
Auropharma - Price is Immortal - 675Hello All, Price is Immortal Reason for picking the shlok from BG 2.20 was to make you understand that soul(price) is the ultimate reality as "Bodies have limited journey whereas Soul has endless journey" Sharing an important piece from my future assignment based on my favourite stock - Auropharma. Do check the profile page (search box) & connect yourself with all ideas which have been published since 2016 for this stock – Auropharma. 26th Oct 2018 Turning upside above 720 highs after making lows@708.50 10th Sep 2018 Selling at the top@815 - Magic of Harmonic Pattern- Wave Starts at 828 Highs
NSE:AUROPHARMAShort
by WaveTalks
9
Nifty - Destiny or Demand Leg Repeats ! 10900-10925Hello All, Excited to come up with new video - "Destiny or Demand Leg Repeats@10900-10925" - All explained in 10 mins video. Let's get started. Key Resistance Zone - 10980 -11000 Key Support Zone - 10825-10850 Second Layer Resistance Zone - 11080-11100 Second Layer Support Zone - 10690- 10725 Critical Zone - 10500-10550 Important Note Going Below 10500 -10550 - Early Signal of the Bear Market as suggested in all previous ideas. All support / resistance zone can be thought of buying / selling zone respectively with planned risk. Nifty Picture at 12:06 Hrs - 3rd Oct 2018 Let me know your thoughts / comments. Hope you all enjoyed 200 points push from 10850 to 11035 & the fall exactly from 11035 levels as per last video idea. Last Video Idea - Destiny or Demand leg 10900 - 10925
NSE:NIFTY
by WaveTalks
7
Nifty - Destiny or Demand Leg@10900-10925Hello All, This is really exciting for me as well because I have no clue why it stopped exactly at 10921 in first hour of trading on 28th Sep 2018 - suggested on 27th Sep 2018. Hope you enjoyed 100 points push from 10925 to 11025 -What was that - Destiny or Demand from 10921. Let's get started... Key resistance zone 11035 - 11050 Key support zone 10850 - 10875 Any move above or below key zones mentioned above shall open respective market direction. Previous Updates Nifty - Market Opens -Magic Starts 10900 - 10925 Nifty - Naughty Nifty - Panic- Batti Gul (Target Done 11700-10900) Nifty Revisiting Monthly Count @11760 Highs Thanks for Reading
NSE:NIFTY
by WaveTalks
8
Bajaj Corp - Turning Right at the Top@522 Hello All, As per last update in April 2017 - suggested stock could be in early wave 5 - move was choppy from 360-400 zone -we expected 570's -it went to 525 & took a turn. Note Setting stops sometime is very tough as some stocks like bajaj corp they move in untidy way. Took our stops below 360 -hardly slipped to 340 & pushed upside. Trading Strategy Next Important Buying only above double top 522-525 zone. It can take years to move in the zone of 340 to 525 - so it is trapped in present scenario unless it starts moving above 525 highs which shall give some comfort to stock buyers. Don't lose hope as it is a good stock. Last Idea Early in Wave 5 - At 350-360 Price Zone
BLong
by WaveTalks
2
HEG - Fall from 4550- Warning Bell About to Ring 20:33 Hrs 27th Sep 2018 Last Price@3475 HEG is an excellent stock which moved from lows at 20 in year 2000 to Highs - 4550 in 2018 - Outstanding move. Hence I have used log chart. log charts are usually used when the stock has moved by a large percentage over the considered period. Move from 20 to 4550 surely has to be checked on log scale. As a analyst, first thing in market we should learn to keep in control is our emotions else it may trap us. A famous statement - Never ever marry your stock . For markets, we individual don’t exist. Market doesn’t know whether we made profit or loss - as they do their job emotion free. I would just say -something which goes up always comes down - having said that let me put down my points why I feel HEG can make further up only above 4550 levels else we are dangerously placed at highs of 4550. 13th Aug - Hourly Chart Weekly Charts RSI Indicator is forming negative divergence which is not confirmed yet as of 13th Aug 2018 This whole move looks like ABC wave & recent fall which has started approx from 4550 ( precise -4542 Highs) looks to be impulsive but won’t hurry up & jump into trade unless I get some confirmation. Confirmation points are 2880 & 2550 which could be strong support levels in coming days. Key & Critical Support Any move below key levels like 2880 & extending further below 2550 -should be warning bell for the Investors & let us not forget the case of PC Jewellers which had a fall from 600 to levels below 100. These will be check points in days to come next. Key Support Zone - 2880 - 2550 Critical Support Zone - 2200–2250 What Next? Any move above 3500 & holds above 3500 could be opportunity for upside but be careful once it starts trading and holding below 3500 mark - do check key and critical levels to plan your trade. Not putting downside objective as it may create negative bias - just be careful. Have a wonderful trading week.
NSE:HEG
by WaveTalks
1