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Harmonic Patterns

Nifty - D-Street or Damaged Street-520 Points Fall-Elliott WavesTrading Strategy Safe Traders Buy above 11585 for Targets 11625/Above 11650 for 11775-11800 / Above 11800 for 11980-12000 / Above 12000 for 12100-12200 Risky Traders Look to buy in 11480-11510 zone with strict stops below 11460 for above mentioned targets as suggested for safe traders. --------------------------------------------------------------------------------------------------------------------------------------------- Last Video Idea --------------------------------------------------------------------------------------------------------------------------------------------- Budget 2019 Idea - H & S Pattern Failure at 11625
NSE:NIFTYEducation
by WaveTalks
31
Nifty - Budget 2019 -H & S-Pattern Failure at 11625 What is a trendline A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend. Trendline Rule The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity. Trendline can be a neckline / support line as explained in the Head & Shoulder pattern in current scenario. Trading Strategy Plan A Sell below 11930 with strict stops above 11975 for targets 11875-11890 Below 11875 – 11830-11845 Plan B Buy in the zone 11830-11845 with strict stops below 11800 for targets 11950-11975 Above 11975 – 12000-12050 Above 12050 – 12100-12125 Plan C Sell below 11775 with strict stops above 11815 for targets 11700-11625/11650 Below 11625 – 11500/11525 --------------------------------------------------------------------------------------------------------------------------------------------- Previous Ideas --------------------------------------------------------------------------------------------------------------------------------------------- 29th April 2019 - How will you sell - X-wave mission 15th May 2019 - We got Gartley M 11th June 2019 - Head & Shoulder with Right Shoulder at 12000
NSE:NIFTYEducation
by WaveTalks
39
Nifty- Gartley Ki School @1085010:00 Hrs - 21st Dec 2018 Last Price@10920 As suggested in the profile update before market hours- look for 10850-10860 zone for buying where CD leg of Gartley completes. Currently running down from 10960's - You need to check settings tab in "ideas stream" to get updates & ideas in time. We are already 40 points down in D leg -selling from tops 10960's -------------------------------------------------------------------------------------------------------------------------------------------- Auropharma Update Cheers for Auropharma buying at 721 for 730 target done & above 730 -we look for 740-742 zone as suggested in last video under plan D Last Video Idea Plan D - Buy between 720-722 if 720 holds downside for 730 & later above 730 for 740-742 zone - Yesterday day low@721.10 -------------------------------------------------------------------------------------------------------------------------------------------- Have a nice weekend.
NSE:NIFTYEducation
by WaveTalks
18
SBIN - Ulta Pulta -TradingView FeatureSBIN - Turn it upside done (Ulta Pulta) - TradingView Exciting Feature Head and Shoulder & Inverse Head & Shoulder (killroy) Book - Technical Analysis of Stock Trends by Edwards and Magee The Head and Shoulders Bottom (Reverse Head and Shoulders) is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, anked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the rest two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline – drawn between the two highs – to conform the BULLISH reversal. The Head and Shoulders Top is the bearish counterpart signaling a major trend reversal downward. ------------------------------------------------------------------------------------------------------------------------------------------- Short Term Trading Strategy Risky Traders Look to buy if 285 is intact downside - holding above 285 we shall look for 310-320 target zone as shown using magical box in the video Safe Traders Look to buy only above 295 for 310-320 target zone as mentioned above in risky traders strategy Traditional Target (Bookish Measurement) Vertical Distance from Head to Neckline - projecting it from neckline above or below once right shoulder formation is done & you see volume surges or increase as a confirmation tool for respective direction move. In current case traditional target comes between 335 -340 zone only once it crosses above 325 and holds above that level for 335 -340 target zone ------------------------------------------------------------------------------------------------------------------------------------------ Long Term Trading Strategy Plan A- Selling at tops If stock faces resistance between 310-320 zone be careful as fall could be severe taking it down all the way to 250 -230 & even close to 200 levels. Plan B- Buying at bottoms If you get the stock between 200-210 zone & it gets support then look for explosive move back to 300 - 335 -350 & above 350 - "Up -Up & Away" post the expected fall as discussed in Plan A above Thanks for watching the video. Have a nice trading week ahead.
NSE:SBINEducation
by WaveTalks
17
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