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Harmonic Patterns

Nifty-Elliottwaves-Let us make some wedgesAnalysis Done on Spot / Cash Data ----------------------------------------------------------------------------------------------- Status Update at 09:13 Hrs / 9th April 2019 Last Price@11598 Buy Close to 11550 – 11560 zone ( No Buying below 11550) ----------------------------------------------------------------------------------------------- Key / Critical Support & Resistance Levels 11550 (Critical support level Next) 11760 (Critical Resistance Level Next) Trading Strategy Plan A Buy Above 11600 for 11690-11700 Plan B Buy Above 11700 for 11750-11760 ( No Buying Below 11700 levels) Plan C Buy Above 11760 for 11825-11850 zone upside (New Highs for India Nifty) – Giving us 3rd leg in the wedge structure which is our assumption. Plan D Selling somewhere close to 11825-11850 once you get some resistance (be careful as it non chartered area) for downside target 11715-11730 Plan E Later Buying holding above 11700 for 11900-12000 Plan F Selling Later on New All Time Highs for Downside Target –close to voting day in Mumbai which happens on 29th April 2019 for downside target of 11310-11325 zone as suggested over the video. Plan G Buying in 11310-11325 support zone for upside target 11425-11475 Plan H Selling Also below 11300 for 11120-11150 & below 11050 for 10730-10785 ( Nation Strike’s Back Zone) --------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------- “Say Cheese” Moment for me in last few days 5th April 2019 RBI cuts repo rate again by 25 bps as it did last time in Feb 2019 & we were sellers close to 11117 Idea as published earlier – “History has the answer - Careful above 11050”- Result was fall to 10585 (Double Bottoms) 7th April 2019 Got the push to 11690-11700 zone & Selling was suggested below 11700 for 11610-11620 zone which got extended to 11550 (Critical support level Next) 8th April 2019 Fall Started with gap open & making 11710 new highs for the day- yesterday – 11550 is critical support level next. Thanks for watching the video & Your support. Enjoy The Markets.
NSE:NIFTYLong
by WaveTalks
6
USDINR - The Box Match@69.16Education & Trading Idea ------------------------------------------------------------------------------------------------------------------------------------------ Mankading Controversial Strategy Mankading has been discussed which is used at times to score a plus against your opponent and compared with similar box kind of strategy used in real time trading. The act of dismissing a batsman when bowler makes the bowling action before he could complete the bowling -non striker batsman leaves the crease & bowler removes the bail. This act is called Mankading & was named after legendary cricketer - Sir, Vinoo Mankad Latest Mankading act which I recollect was seen carrying out by famous cricketer- Chris Gayle in IPL & In Under-19 Cricket World Cup -West Indies V/s Zimbabwe where West Indies took the last quarter-final spot with a thrilling, but controversial, two-run win over Zimbabwe & finally winning Under - 19 World Cup. That's the power of Mankading. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Strict Stoploss - 68.00 Target 1 Zone - 71.50-71.80 Target 2 Above 71.80 72.50 Target 3 Above 72.60 74.50 Target 4 Above 74.50 Can it be Up Up & Away Thanks for watching this video.
Long
by WaveTalks
12
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
Nifty - Modified Bullish Alternate BatFirst Sell - Later Buy 12:56 Hrs / 31st Jan 2019 Last Price@10749 Do read the update carefully & manage your risk while trading. As trading derivatives is highly risky. Facing Resistance Above 10750 levels & Suggested in all the status updates that we shall be careful in 10730-10750 zone & holding above 10750 only we will look for 10790-10800 next resistance zone. Trading Strategy Plan A Below 10750 - We shall look for a fall close to 10585-10550 zone downside Plan B Buying Later if Nifty Halts in PRZ (Potential Reversal Zone ) - 10550 -10585 zone Plan C Harmonic Pattern is violated but we will plan to buy if 10525-10535 provides support for upside target 10750-10825 Plan D Plan to Buy close from 10500 if goes below 10525-10535 zone for same target upside as mentioned in Plan C above Auropharma - Modified Alternate Bullish Bat
NSE:NIFTY
by WaveTalks
NIFTY - Bearish - Correction WaveNifty index, has formed a bearish correction wave after the completion of the impulse wave that started at the end of the 2008 Crisis, pushing equities higher and higher. NIFTY looks to make lows at 9800 or even drift lower as time passes. With elections around the corner, it doesn't seem that impossible either. SO, keep your positions light and breezy in the market. Don't lever your positions, else, you might drift into losses. Shorting can be done on the basis of chart analysis at shorter timeframes like say, a 30 min or lesser.
NSE:NIFTYShort
by SchoolofMarkets
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
Auropharma - Playing with the channel- Below 808Auropharma - Playing with the channel Excited to come up with the video. Let us enjoy the market together. Do let me know your comments. Do take good care of yourself. 11:30 Hrs - 12th Nov 2018 Last Price@812.30 Trading Strategy Downside Target - 790-794 zone below 808 Going below 790 - Look for 785 -780's target and take rest. Missed the last update - do check in the profile page or mentioned below Last Video Update -Price is immortal
NSE:AUROPHARMAShort
by WaveTalks
25
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 - Policy Push / Harmonic Push - Long Term Investors@9950Hello Friends 13:50 Hrs - 5th Oct 2018 Last Price@10410 Analysis done on spot data ( New Members) Profile status updated@09:30Hrs – 5th Oct 2018 Careful Long Term Investors - Traders can expect a short term bounce 10500 & Above. Short Term Trading Strategy - Bullish Harmonic Crab Pattern Look to buy the bullish crab and expect short term bounce in next week as suggested below / over the video. Risky Traders You can buy if it sustains and holds in the range 10400-10425 for below mentioned targets. Do not consider this pattern below 10390-10400 zone as suggested over the video. Safe Traders You can buy above 10500 – Next week after taking rest over the weekend. Targets Target 1 - 10675-10700 zone Target 2 - Only Above 10750 if holds then 10825 -10850 Target 3 - Above 10850 for Destiny & Demand Zone 10900-10925 Target 4 - Above 10925 for 11000 – 11035 ------------------------------------------------------------------------------------------------------------------------------- Long Term Trading Strategy - 3 months to 6 months prior heading into 2019 Lok Sabha Elections Taking out critical zone 10500-10550 –we expect deeper corrections in coming few months & heading into early 2019. Key Support Zone 9950-10000 Critical Support Zone 7900-8100 ----------------------------------------------------------------------------------------------------------------------------------- Excited to share all the updates at one place & how fortunate to sell all the tops in 11760 to 10500-10550 critical zone as of 5th Oct 2018. New Followers - All previous ideas & excitement which we shared together Catching The Top at 11760’s Catching the Top at 11600’s Catching the Bounce 11300 to 11475 & Taking Rest at 11500 800 Points Target Reached at 10900-10925 Market opens – Magic Starts - getting the bounce from 10900-10925 zone Destiny or Demand Zone 10900-10925 Destiny or Demand Zone Repeats 10900-10925 Do support & motivate me to come up with more such videos. Next we cover most important stock update – Century Ply – Expected fall from 230-240’s to 135-155 zone.
NSE:NIFTYLong
by WaveTalks
4
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
Nifty - Market Opens - Magic Starts 10900-10925 Zone 13:06 Hrs 26th Sep 2018 Last Price@11015 Hello Readers Recent Low @10993 Pardon me for saying wrong figures over the video at 7:17 & 7:35 length of the video. Key Zone Mentioned only one important support zone in the video - 10975-11000 zone Magical Zone Critical zone 10900 - 10925 (Not mentioned over the video) Trading Strategy Buying in 10975-11000 zone or later in magical zone 10900-10925 - Below 10900 - we will wind up which is slight modification over the video suggesting we shall wind up if goes below 10975. No Buy Trades Below 10900 -10925 Upside Target zone First Zone -11240-11250 Second Zone - 11340-11350 only if holds above 11250 -------------------------------------------------------------------------------------------------------------------------------------- 25th Sep 2018 Bullish Bat between 10885-10900 - Falls from 10975 to 10883 - Boom Taking breather at 11050 for the day Falling in the Magical Zone 10900-10925
NSE:NIFTYLong
by WaveTalks
22
Avanti Feeds nearing important 61.8% Fibonacci golden ratioNSE:AVANTIFEED If we look @ the monthly chart & apply Fibonacci, Now stock is nearing 0.618 Golden ratio. (1440 zone). So 1 need to watch how this stock behaves @ this level. Given if & only if stock bounces from this important golden ratio zone one can expect stock to reach 4000 in 300+ days or even 4400 (161.8% of Fibonacci extension). But plz do note that just bcz stock is hitting 0.618 zone isn't a blind buy. Stock should show some reversal signs like bullish power candle/ Hammer candle etc..
NSE:AVANTIFEEDLong
by Niftymovers
Axis Bank - 570 - 500 - 570? - Ending Diagonal /Flicker Book Axis Motion Pictures Presents ----------------------- "Ending Diagonal " ---------------------------------------- 8th Feb 2018 Last Traded Price@555.50 Current Price @556 ---Axis Bank Intraday looking for a bounce between 562 -565 -gets resistance if holds in the range expect a fall to 535-540 14th Feb 2018 Holding 565 -568 zone (8 points away from 577 - double top our stop loss) falls from 565 to 551 - What a fall 15th Feb 2018 Touches the zone 530-535 - Making Day low@531.35 & What a bouce to 555 -Superb!!! 19th Feb 2018 Last Price@532 - Retest of bottoms in 528-529 can be possible before we see a bounce higher for the day As expected -retested previous low of 528 - Makes double bottom@128-129 zone - expecting bounce from the zone 128-129 Pushed upside from 528-529 to 541 - faced resistance 23rd Feb 2018 Slipped below 528-531 struggle zone - Taking reverse gear for big upside next above 531-533 zone Got the initial push from 525 to 535 - we will still wait to see if this is the larger advance & to hold that view -it should not fall below 530-531 zone 26th Feb 2018 Awesome - Touched 548.80 high for the day as expected in 545-548 at 09:50 Hrs earlier in the day. Above 550 - Extended to 555 as expected zone 555-557 - Looking for resistance can give us downside /move 28th Feb 2018 Last Price@531 - As expected Axis falls from 541.50 to 528 lows for the day. Holding 528-530 zone - shall be looking for a push upside 545-548 completing the triangle below 577 -double tops. Triangle Idea failed as slipped to new lows@520's 1st March 2018 Last Price@524 -Looking higher against 520 lows for 535 - 545-548 6th March 2018 Coming back after holidays- global market had comeback bounce - as expected Axis to jump got initial move to 530-531 from 524 lows holding above 520 lows - we book partial profits & wait outside to join next above 532 or in the zone 522-524 Awesome !!! - Axis slipped from morning highs of 530-531 to 522 .50 lows - we expected zone of 522-524 as update last to join for upside push. In the long side from the day low. Booking Partial Profit in 526-527 - went long at day's low @522-523 - Axis looks to be struggling below 530 levels so we will wait outside 15:11 Hrs 6th March 2018 Bank Nifty cracks 300 points from opening high & Nifty cracks from 10440's to 10250's - What an exit in Axis at 526-527 - Makes new low@516.30 - Looking for a push upside holding 516.50 lows - risky call with strict stops day low --------------Story continues -- 44th Day----------- 23rd March 2018 Ending Diagonal could finish @496.80 & we look for big upside in coming days & open for target of 570-577 which should be done if the identified wedge is completed & we wait for the big excitement in coming days. 5th April 2018 SGX Nifty Up 155 points - Has the day arrived for Axis Bank from 492 lows- Accumulation Zone expected on 4th April 2018
NSE:AXISBANKLong
by WaveTalks
Auropharma-Crossing Train Tracks at 12:45 with Drawing Tools@665Hi, Excited to come up with the latest video on this Auspicious day of Makar Sankranti .... You would be asking a question what the heck is this & how come drawing tool can help you in crossing train tracks. Am I crazy! that could be your reaction - Let me explain you how I crossed the track with drawing tool but before we dip into current structure & pull up previous connecting ideas where we learnt exciting features of TradingView Platform, I have an exciting story to share as well. So, let us begin............... Friday, 12th Jan2018 In morning pre opening session it was all ok as bulls were confident & got a gap up opening making high of 10689 & traded silent till 12:00 noon. Post that slowly bears got grip and seller's flux was seen for 45 mins biggest of the red candle was witnessed at 12:30 Hrs making a low at 10597 & Sudden Reversal Let me continue with the exciting story - A day before 12th Jan2018 - Thursday, 11th Jan2018- 16:24 Hrs TradingView colleague puts a message Hello bro Can you give your view about kajaria?? Does this formed gartley in daily chart My Apologies to him for replying late - Reply sent on Friday,12th Jan2018- 11:58 Hrs (Seller's flux- about to start from 10682 highs) Let me check & I will get back to you on Saturday. Just little tight position because of last day of weekend Its a new stock so I have to spend some hours for the same TradingView Colleague Reply (12:43 Hrs) ok bro thank you. Now already broke the support My Reply (12:44 Hrs) Were you trading this stock Kajaria, I mean & got stuck TradingView Colleague Reply (12:44 Hrs) I was in long side. Exited at present My Reply (12:44 Hrs) Bad My Reply back again after checking Auropharm & Nifty Chart(12:51 Hrs) Kajaria looks to bounce 729-730's looks to bounce same as Auropharma from 665-666 TradingView Colleague Reply (12:51 Hrs) Yes taking support there My Reply (13:07 Hrs) Nifty turns at 12:45 Hrs Kajaria Turns at 12:45 Hrs Auropharma Turns at 12:45 Hrs Isn't that Amazing!!! Some charts in action Kajaria at 12:45 Hrs Auropharma at 12:45 Hrs Nifty at 12:45 Hrs Nifty at 15:00 Hrs Lear exciting features as discussed over the videos published earlier & mentioned below 11th Dec2017 Video Waves 895 to 503 - Bar Replay Feature 20th Dec2017 Selling Top@690-650 & Star Before Night Falls 3rd Jan2018 FBO Agent -Forgot about Night Glasses - Cracked 697 -670 9th Jan2018 Latest Video - Magical Ladder 662 - 684 -669 & Next Bullish Bat at 669
NSE:AUROPHARMA
by WaveTalks
15