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Reliance-Last Impulse 5th Wave Ended in Truncation-Wave AnalysisSmall Modification - Possibly Last Impulse ended in truncation at the lows @ 1855 Why Traders Have to be Careful- Channel Resistance Corrective in next higher degree possibly close to end -------------------------------------------------------------------------------------------------------------------------- Recap from last idea -------------------------------- 2022- Most Important Level & fulcrum level so sell below & buy above was suggested as per previous ideas- Hope you enjoyed selling two times close to 2022 with minimum target of 1900 downside --------------------------------------------------------------------------------------------------------------------------- ---------------------- What Next ? ---------------------- Short Term Next Most Important levels - 2100 / 2050 /2020 - which can be used as intraday levels for short term trades - Sell Below or Buy Above plans can be executed with proper risk management. Long Term Outlook Long Term Outlook remains unchanged which is still bearish as suggested for last few ideas with key level @ 2095-2100 as the most important zone -------------- Note -------------- Any sustained move above 2100 has to be reviewed again
NSE:RELIANCEShort
by WaveTalks
10
Reliance- Wave-e -is it done! ( What A Top @ 1975)Last @ 1930 / 13:51 Hrs / 13th Jan2021 Re cap from last idea As suggested last- expected last leg in the triangle close above 1900- it went below 1900 & made low @ 1892 & once it started pushing upside above 1900 It touched 1950 & 1975 both the targets as suggested over last idea Plan- B - Suggested to be careful at the tops & Plan-C- Sell close in 1970-1985 but strictly consider selling only below 1985 ------------------------------------------------------------------------------- Last Reliance Idea- Triangle Extended ( Look for Wave-E Upside) -------------------------------------------------------------------------------
NSE:RELIANCEShort
by WaveTalks
2
ITC -What A Push Above 200 to 213( Proposed Triangle)-What Next?Re-cap from last idea Triangle Proposed & Expected Trading Plan A - Buy as close as possible to 198 to 200. Low was @ 201 Approx Plan A - Target achieved at day high @ 213 Plan B - Selling Started as per last idea- Target 1 achieved 209.50 ----------------------------------------------------------------------- Last ITC Idea - Sideways Push 197 to 213- completed -----------------------------------------------------------------------
NSE:ITCShort
by WaveTalks
9
Dr Reddy- Hanging Man - Top Reversal Candlestick Pattern @ 5200Hanging Man - Top Reversal Candlestick Pattern Confirmation is must ( Wait for close below 5200) in next week ( No Selling- If stock fails to close below 5200) ------------------------------------------------ Trading Strategy - Sell only below 5200 ------------------------------------------------ Targets Downside 4700 4350 ---------------------------------------------------------------------------------------------------------------------- Last Idea Published - DRREDDY - Head & Shoulder - Top Reversal Pattern but In this case appeared post a downtrend which has lesser success rate as compared to H&S pattern found at the uptrend
NSE:DRREDDYShort
by WaveTalks
7
ITC - Careful Below 209.40 (Wave Analysis)Note- View shall be valid only below key level- 209.40 Expecting a fall below 209.40 for 164. Shall review later once we get more price updates moving forward. -------------------------------------------------------------------------------------------------------- Last Idea on ITC (Fall Below 209.40 to 165)- Count Seven & Go to Heaven --------------------------------------------------------------------------------------------------------
NSE:ITCShort
by WaveTalks
11
Bank Nifty-Cracks 31490 to 31000 in H&S Pattern(Target Achieved)Head & Shoulder Pattern Formed --------------Key Level 31500 Holds & Index falls approx. 500 points just below 31500 Heading for Target 2 - 30500 Prior to that - Buy target was achieved from close to 31200 levels suggested on 1st Jan2021. ---------------------------------------------------------------------------------------- Bank Nifty Last Idea - Buy Above 31200 & Sell Below 31500 ----------------------------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
5
Reliance-Risky or Rewarding (Ongoing 5th Wave ) (Wave Analysis)Last Fall /Wave Downside- 2022 to 1855 was done in fast & furious mode as suggested in the last idea mentioned below -------------------------------------------------------------------------------------------------------- Last Idea- Last Leg Running upside in Triangle close to 2000- Get Ready for Fall!!! -------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------ --------------------------- Trading Strategy --------------------------- • Channel can provide resistance below 2022 • Careful in 2000-2022 zone • Sell strictly below 2022 for 1900 / 1850 & lower targets • Buy strictly above 2022 (once crosses upside & holds above the level) ------------------------------------------------------------------------------------------------------------------------ Thanks & Have a wonderful week ahead.
NSE:RELIANCEShort
by WaveTalks
11
BankNifty - Supply Zone 30300-30450 Careful At Tops! Last Price- 30370/ 10:31 Hrs / 24th Dec2020 Index has supply zone in 30300-30450 so traders have to be careful. Next Buy should be only above 30450 or careful at the tops because if selling happens- Index can slip to 29800/29700 - 29450-29000 Downside Targets -------------------------------------- Short Term Targets Downside (Take Selling Only if Bank Nifty falls below 30375-30400 zone & starts moving down). No Sell to be taken if Bank Nifty crosses above 30400 - key level & 30450- critical level 29700-29800 (1st Target) Positional Target 29000 Strict Stops Above 30450 -------------------------------------- ------------------------------------------------------------------- Last Idea - Bank Nifty Target Achieved 29000 to 30000+ -------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
1
BankNifty - Cracks from Top @ 30900+Index opening weak tomorrow can finish the downside target of 27750-28000 as suggested to sell below 30700 / close to 31000 in last idea --------------------------------- BankNifty Last Idea --------------------------------- --------------------------------------------------------------------------------------------------------- Reliance Getting The Crack from Top of the last wave in the proposed triangle ---------------------------------------------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
8
Reliance- Cracks 3% - Has Wave 4 started? Downside (Top-2093)Not A Trading Call. Just for Educational Purpose Last Price-2010 / 11:46 Hrs / 11th Nov2020 ------------------------------------------------------------------------------------------------------------------------------ Recap Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall from 2310 to 1835 lows. ------------------------------------------------------------------------------------------------------------------------------- Present Day @ 11th Nov2020 ----------------------------------- From 2370 Highs - It can be counted as 1-2-3rd wave done at 1835 lows - wave 4 possibly done today @2095 & falling in wave 5 next Current upside move from 1835 to 2095 retraced close to 50 % can be possible wave-4 done at the tops (not confirmed yet) Next Support (Don't forget) -1990-2000 Question to ask - Was that Wave 4 done at the tops today or a part of corrective sequence --------------------------------------- Early Snapshot ---------------------------------------
NSE:RELIANCEEducation
by WaveTalks
11
Bank Nifty - Emotional Trap Above 26K+ (Butterfly Can Trouble) (Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk) ------------------------------------------------------------------------------------------------------------------------------- Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence (if crosses 12025 highs) ------------------------------------------------------------------------------------------------------------------------------- Bank Nifty • Butterfly above 26K+ can trouble • Is this the Emotional Trap? • Post Leading Diagonal which finished at 25232 Highs- Index looks to be running into irregular correction which at times can deceive traders by its look & appearance- make you believe that it was an impulse move • Butterfly can stretch 127 to 162% anywhere in between & has reached minimum criteria of 127% - which is the lower levels for butterfly harmonic pattern • Manage your risk & trade accordingly. Thanks for reading & have an exciting week ahead. Regards, Abhishek
NSE:BANKNIFTY
by WaveTalks
6
Nifty- Leading Diagonal Fall from 11920Last Price - 11860 / 10:37 Hrs -4th Nov2020 This view is not valid if Nifty crosses above 11930 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Already suggested in last video idea - US Markets are doing retracement for the last week's fall & 3550 is the key level so any upside move is just bounce back rally You just need to identify the key levels to take sell / short position according to your own risk involved in trading ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- • Leading Diagonal's are the structure which normally gets retraced 80/90 % • Structure started at 11969 • Today's high - 11920 • If the pattern is correct- all the gains shall be wiped out & Index falls to 11600/11500 (keep in mind- view not valid above 11930) ---------------------------- Last Idea ----------------------------
NSE:NIFTYShort
by WaveTalks
27
Nifty - Don't forget your levels - Can It Crack! (11825)Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ----------------------------------------------------------------------------------------------------------------------------- Last Price- 11815 / 12:43 Hrs - 3rd Nov2020 Quick Recap of U.S. Index - SP500/US500 As mentioned in last Nifty update- key levels to watch 11790 11825 11870-11880 --------------------------------- Last SP500 / US500 Idea -------------------------------- --------------------------------- Last Nifty Idea ---------------------------------
NSE:NIFTYShort
by WaveTalks
14
Nifty - Heavyweight Reliance Cracks 7% - Will Nifty Crack Next?Last - 11635/b] Heavyweight Reliance Cracks 7% (2065 to 1897) on disappointing results as discussed in overnight idea @ 1st Nov2020 & the personality confirms that stock could be in wave-3 or wave-C which was warned earlier that below 2000 - stock can have trouble. ------------------------------------------------------------------------------------------------------------------------------ Most of the stocks discussed has witnessed good intraday fall ------------------------------------------------------------------------------------------- Tata steel - Fall from 411/413 zone to 400 Auropharma - running close to 750's ITC - Falling in desired direction of 157 with key support 165-167 zone USDINR- Halting close to 74.50 key level ----------------------------------------------------------------------------------------------------------------------------- Idea Published @ 1stNov2020 ---------------------------------------------------------------------------------------------------------------------------- Will Nifty Crack Next ? --------------------------------------------- Moves are choppy & possible new upside can be expected only above 11700 & later should cross 11745/11750 key levels. Failing to cross key levels, index can slip to 11550 / 11380-11420 zone Target 1- 11550 Target 2 - 11380-11420 Parallel channel drawn from lows of 7511 connecting 10790 (discussed in last night video idea) -extended upside can offer support in 11380-11420 with minor support close to 11550 level. Thanks
NSE:NIFTYShort
by WaveTalks
18
Nifty- History May Repeat Again! Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------- For Educational Purpose ------------------------------------------------------------------------------------------------------------------------------ History May Repeat Again – Ask this question to yourself & get the answer. Thanks In This Video Idea – We do quick recap for stocks • Reliance • Auropharma • Tatasteel • USDINR • ITC • Nifty Index to close the video
NSE:NIFTYEducation
by WaveTalks
10
Reliance - (Wave Analysis) Catching The Tops @ 2375 - What Next?Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------- As per last idea published @ 10th Sep2020 - Reliance was suggested that it could top out above 2300 or the wave after triangle shall be the last wave upside. ---------------------------------------------------------- 16th Sep2020 - Reliance topped at 2375 ---------------------------------------------------------- What Next? ------------------------------ Impulsive move from the tops @2375 Highs Stock made low @ 1990 Strong Support Zone- 1990-2000 Shall look for bounce back & relief rally Stock crossing above 2030 can move to 2060 / strictly above 2060 for 2095 or buy as close as possible to 2000 level. No buying if stock falls below 2000- next key level where stock can have trouble ---------------------------------------------------- Don't Miss The Last Few Ideas ---------------------------------------------------- Last Reliance Idea @ 10th Sep2020 Quick Follow up done for Reliance in last video idea of Auropharma
NSE:RELIANCELong
by WaveTalks
9
Nifty Outlook- Ascending Triangle (Trading Plan) (22nd Oct2020)Traditional Chart Pattern- Ascending Triangle Discussed along with trading strategies in Hindi & English both. Thanks for watching the video Active Currently - Plan A - Sell Below 11955 for 11790-11810 target zone (Stops- 11960) Plan B- Buy in 11790-11810 with stops below 11750/11760 for target zone 11980-12000 Plan C- Sell Below (Strictly Stops above 12025) for target zone 11870-11880 Plan D- Buy in 11850-11875 with stops below 11790 target 12025 / 12250 +
NSE:NIFTYEducation
by WaveTalks
6