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Candlestick Analysis

Nifty - Where Does It Goes Next ?Trading Strategy Plan A Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250 Plan B Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980 Plan C Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come Plan D Selling below 11980 for 11750 / 11650 & lower targets. No selling if Index holds or moves above 12000 level.
NSE:NIFTY
by WaveTalks
103
Nifty - Magical Charm (Totka) @11320Totka used in Idea is called Reverse Fibonacci Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320 Note - Going above 11320 ( Sell call is negated - close all sell positions & out) Trading Strategy Plan A - Sell below 11265 on closing basis as discussed Plan B - Risky Sell close to 11300-11320 zone with stops above 11325 Downside Target 11000-11025 Below 11000 - 10940 Below 10890 for 10750 Below 10730 for 10620 Only further selling if double bottom@10585 gets broken
NSE:NIFTYShort
by WaveTalks
22
Nifty- Nation's Blood- Selling The Tops@11,117Correction - New Blogs can be checked on left top corner as compared to right top corner suggested over the video. Trading Strategy Plan A - Buy in 10650-10675 zone with strict stoploss below 10620 Targets - 10780-10800 / Buy Above 10800 for 10890/10925 / Above 10925 for 10985-11,000 & More only above 11,000 levels. Plan B - You can sell if you see index stopping or halting between 10780-10800 or stops between 10890-10925 or stops between 10985-11,000 Plan C - Sell below 10585 - Should not move above 10625 after falling below 10585 -look for targets 10325-10350 & Below 10300 for 10125-10150. Thanks for watching this video & your precious time.
NSE:NIFTYLong
by WaveTalks
2
Auropharma – 831 to 750 - A crack!Auropharma – 831 to 750 What a crack! Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018. If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true scenario for an analyst. Flashback Overnight (As of 4 - 6th Dec 2018) , Auro was moving within rising wedge –a common term used by traditional analyst until I came to know about wave analysis where the same structure was termed as “ending diagonal” – a overlapping structure which indicated that the upward structure could be ending soon. Rising Wedge When a financial instrument (which could be stocks, forex, commodities, bonds etc,) price has been rising over time, trendlines drawn above and below the price chart pattern can converge to show a potential reversal point at a peak. This reversal point can indicate a bearish price point signal in which the security’s price is subsequently expected to reverse lower. In our case the peak was 831 High and we got excellent selling opportunity close to the peak at 825-826 zone – High was 826.70/826.80- rest is the history Target achieved – 794 as suggested over the video with small pause and breaks at 815 -810 zone. This pattern is used by traditional analyst and wave analyst Books – Technical Analysis -Edwards and Magee ,Wave Analysis - Frost and Prechter Polarity Reversal = History Repeats What happens is that history essentially repeats itself, but the role of price at that level changes from resistance to support and vice versa. Polarity Reversal concept explained in my favorite book which was the first one I referred for the journey of technical analysis written by – Edwards and Magee. Important Polarity Reversal zones in last week 790-792 777-775 Candlestick Analysis Evening Star – 3 candlestick pattern as suggested in the book – Candlestick Analysis by Steve Nison Steve Nison – Father of Candlestick Analysis. Book – Candlestick Analysis by Steve Nison Harmonic Analysis Bearish Crab - Excellent Harmonic Structure occurring at 831 was an amazing clue Book - Harmonic Analysis by Scott Carney Trendline / Channels Book – Technical Analysis by Edwards and Magee is the reference book. Financial Astrology Term used by financial astrologer- “Retrograde” was also updated in previous video idea of the Nifty Index – “Mercury, Markets and Mayhem below 10800” – Mercury retrograde runs till 6th Dec 2018 – if you haven’t gone crazy – don’t worry market will make you crazy. Note- As updated/suggested on 29th / 30th Nov 2018 in last Nifty Video Idea comment section –we expected to be cautious from 10950-11000 zone which was danger zone What type of analyst are you? You just had to pick and execute –rest you were bound to enjoy the markets. Finally, It was kaka’s blessing directly from Bollywood (Kaka – Late Rajesh Khanna) – stands out to be real tribute to this Bollywood actor in the creative way (audio clip) as updated in last video idea. Thanks.
NSE:AUROPHARMAEducation
by WaveTalks
27
Auropharma-FBO Agent-Forgot about Night Glasses-Cracked 697-670Hatrick!!! – Watch Earlier Connecting Videos mentioned in the post. Good Morning Fellow Traders! Wishing all of you a happy, prosperous & peaceful 2018 – Do take care of volatility which will be part & parcel of this year- Learn more about stop losses – It is always better to cut your losing trades & carry your winning ones. Yes, you heard it right- FBO not FBI Agent – False Breakout Offender (that’s what this fellow seems to be) Excited to come up with the first video of 2018 – Cunning Fellow Forgot about the Night Glasses I was wearing – How he can assume so that I won’t as I talked about stars before night is about to fall at 697-698 in previous video- Selling top@690-650 Boom & Star before Night Falls@697-698. Check the Video Below Key Level 697-698 – Magical one gives 677 in 1st attempt – I closed the update- bounces above 700 –deceives traders but not me as I was wearing night glasses all throughout the journey. Why Night Glasses- we all know it helps to see properly incase of starburst or halos situation. Halos – circular light above the holy saint which cannot be seen through naked eye. One thing very clear –this fellow when it broke above 795 first time- I came up with the update –False breakout above 800 trying to tell you something Check the Video Below Auropharma is serial offender of doing false breakouts- Earlier above 795 & this time above 697. I warned as well that be careful below 697-698 – Next time don’t forget to wear your night glasses. So Lets begin!.. Note --- Words / Alphabets /Pharses used in the text / video is not to hurt the company / individual person. This is a piece of analysis & writeup.
NSE:AUROPHARMALong
by WaveTalks
18