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USDINR- Back to Pavilion - 72.50-73.002nd Target missed by few pips as per last update. High was @ 74.91 & back to 72.50-73.00 zone USDINR is resting in the most important zone 72.50-73.00 - which is above triangular correction of early 2020 when stocks was about to crack due to fears of covid19. This zone of 72.50-73.00 is very important- if acts as support & dollar rupee starts moving above 73 mark then it can move to 74.90 / 76.35 + Note- View not valid below 72.40 Let the markets make first move.
Long
by WaveTalks
10
HDFC- 2777 Will it Stop!!! • Multiple Tops on lower degree have halted stock close in 2750-2777 zone • Push Above 2780 – can take stock to new highs 2850/2950 • Careful at the Tops later as current geocosmic signs at the moment may trick you. Always be cautious & false breakouts & breakdowns are common phenomenon in this period • Risk Management is most important so traders should know first how to use stops before even they start trading & use trailing method to protect your profits --------------------------------- • Trading Strategy --------------------------------- Plan A – Buy Above 2780 for 2850 & 2950 Plan B – Crosses above 2780 & fails to reach the targets as mentioned in Plan A or only partial target is done at 2850 & drops back below 2780 – Become cautious on long or buy positions-That is also a plan Plan C- Sell below 2600 for Target – 2365 & Below 2365 to 2200 which will be 200 DEMA support
H
by WaveTalks
14
Granuels India - Final Waves Unfolding from 2008/2009 Bottoms• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post financial crisis • Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time consuming pattern – taking this as primary or main view. • Wedge or Diagonals are Time consuming patterns which can be a possibility once more price details are available • Alternate Scenario / view- If Stock moves vertical above 600-700 zone that could be early signal that it has potential for bigger moves later but failing to cross the suggested zone will also call markets participants to be cautious at the new highs • Short Term Trading Buy in 300-325 zone with stops below 280 for Target 1- 375/380 & Above 380 for Target 2- 450/500+ or Buy Above 380 if fails to drop in 300-325 zone. • Long Term Trading Once stock has new highs possibly in 600-700 zone & fails to move further or consuming lot of time then participants have to be careful & review would be required at later stage. *** Avoid Taking Long Positions if stock falls below 280 levels *** Thanks & Best Wishes
NSE:GRANULESLong
by WaveTalks
7
Nifty-Shark Bounce or Sharp Bounce 13600-14700- What Next?Nifty - Was That Shark Bounce or Sharp Bounce 13600-14700-What Next? Amazing session for Indian Stock Markets & Possible Reason for moves which unfolded on 1st Feb2021 • Harmonic Pattern • Heaven’s Message • Indian Budget2021 • Stock Updates Harmonic Pattern Bullish Shark Pattern which was suggested last week with trigger level above 13850 & targets of 14100 / 14400 Last Idea Published – Shark Harmonic Pattern Heaven’s Message From Financial Astrology, Mercury went retrograde (moving backwards) on its orbit which it does 3-4 times in a year & recently went retrograde for the 1st time in this year on 30th Jan2021 & shall remain for 3 weeks until Sunday, 21st Feb2021 when it goes back direct again. Mercury retrograde is also a period when false moves might happen so be careful while trading & do not get emotional. Indian Budget2021 Stock Updates Reliance – false breakdown below 1835 last week & bouncing from new lows of 1830 to 1900+ TataElxsi- Its Elxsi or Expanding suggested last week – moved 2400’s approx. to 3000+ which was amazing What Next? Market Participants should be careful of Double Top’s close to 14700+
NSE:NIFTYShort
by WaveTalks
8
TataElxsi- It's Elxsi or Expanding! Bottoms Picked at 2408Recap from Last Idea- Bottoms picked in 2400-2425 (Support Zone) suggested @ 09:46 Hrs / 25th Jan2021- continue... Structure unfolding as expanding structure with key level- 2530 (suggested in last idea) & critical level-2408 ----------------------------- Trading Strategy ----------------------------- Plan A - Buy Above 2735 for 2850 & strictly above 2850 for 2950-3000 zone Plan B - Buy with stops below 2530 for 2735 / 2850 Plan C - Sell once stock falls below critical level- 2408 for target 2280 / only below 2280 for 2025 / only below 2000 for 1525 -------------------------------------------------- Last Idea Published @ 24th Jan2021 --------------------------------------------------
NSE:TATAELXSILong
by WaveTalks
6
Kotak Bank - Bullish Cypher PRZ (1600-1625) (Sell & Buy Later)Note - Harmonic Chart Pattern suggested is not valid if stock falls below 1600 & Halting in the zone 1600-1625 can be seen as PRZ ( Potential Reversal Zone) for a potential upside move later ----------------------------- Trading Strategies ----------------------------- Plan A - Sell Below 1700 for 1650 / 1600-1625 Target zone Plan B - Buy once 1600-1625 zone holds which can act as PRZ for the suggested "Bullish Cypher Harmonic Pattern" Target 1 - 1905 / Target 2 - 2000 / Strictly Above 2025 - Target 3 Zone - 2150-2200 Thanks
NSE:KOTAKBANK
by WaveTalks
15
Reliance-Breakdown Below 1890-Can it End with Ending Diagonal ?Careful to trade only on assumptions as the pattern proposed (Ending Diagonal) is immature - wait for the markets to move first & as a trader you should join the direction of the trade ----------------------------------Do not trade if stock falls below 1855 -1875 zone--------- ------------ Crossing Above 1890-1900 Target 1 - 1975 Target 2 - 2020-2025 Target 3 - 2075 Snapshot on lower degree - 30 mins chart
NSE:RELIANCELong
by WaveTalks
12