WaveTalks

WaveTalks Updated 

As I always suggest never hurry in trade. Look for market excitement & then follow them, you will be more happy. We have bearish harmonic with B leg- retracing 38% which is slightly different from bearish gartley as B leg minimum retracement should be 61.8%. How to execute Travelling below 470 or close to 480 without moving above 480 highs & falling back...

WaveTalks Updated 

Last Price@431.50 - 10:35 Hrs 17th Oct2017 We are close to finish the 1st leg of Tata Motors from 375 Bottoms to 438 Highs with bullish harmonic update mentioned below & likely to have head & shoulder formation @438 highs - head. Once TM holds on upside in 434-436 range & starts falling below 430 that will activate the down movement for TM which is break of...

WaveTalks Updated 

Wave Talks - If you can understand their hidden language. The most exciting journey which I had was in pharma stocks as I visualized the fall in Auro at 895 in Aug2016. Market moves in 5 waves & corrects in 3 waves - which was classical act by Auropharma as per books. The fall was corrective from 895 to 503 & we squeezed early start in Wave- W from 895 highs as...

WaveTalks

The Tata Group has agreed to sell its mobile business to Bharti Airtel for free was the news boiling beneath the surface & visualised on 2nd Oct2017 in the previous update. Unfortunately, update was closed@373. Zone of 375 -377 was the key zone & suggested that any move above that zone should be keenly watched for possible bounce back 395 - 400 -407 resulting...

WaveTalks Updated 

If Nifty Holds above 9900 - Avoid Selling as updated in previous update - Nifty Travelled 10034 as of 10th Oct2017. We are having deep crab bearish harmonic at 10034 - Likely Bulls should book profit & look to sell in 10010-10025 with stops above 10075. There is a wedge pattern which is forming on both indices Nifty & Bank Nifty & have been chopping upside for...

WaveTalks Updated 

Intermarket Analysis "It is never a good idea to put all your eggs in one basket,". It means that limiting your investments to just a few companies greatly increases your risk, especially if one or two of your holdings experiences a meltdown or falls in bear grip. So, one should use multi market analysis & look at the correlation between two or more asset...

WaveTalks Updated 

Last update - USDINR & Nifty Barometer Part 2- Looking for U- Turn Last Price@65.61 Awesome U- turn from 63.50-63.75 Zone for the highs of 66. Zone of 65.95-66.05 is very important & can give resistance to the dollar bulls & we can look for a short term stronger rupee from the zone of 65.95-66.05 to 65.20-64.80 Zone where dollar could get support.

WaveTalks Updated 

Bharti's connection was so puzzled between 407-398 where we witnessed the coiling effect & took advantage of almost every leg inside the coil - 3 times back to back 20 points between 398 to 407 with previous updates like morning star, hidden language & the game of patience - which is our long term update. When the coil unwinded - sharp reaction to downside...

WaveTalks Updated 

Above 10100 for 10175 & Below 10070 for 9960 - Below 9900 for sizeable correction to 9650 as per last update mentioned below. Trading Strategy Look for a jump to 9785-9800 zone from 9730-9735 zone & later sell from top zone of 9800-9810 for 9650-9600 once you get bearish clues on top end. Hope you guys are doing good. We have bearish harmonic in the zone...

WaveTalks Updated 

We will trade the breakout below 10070 for 9960-9980 -if takes support then we push upside above 10138 highs & another alternate scenario if it holds / pushes above 10100 then we will look for 10175-10225 upside target. Update 1- Bullish confirmation above 9925 & 9950 - Confirmed We are looking for upside to a new high of 10138 Update 2- Selling harmonic...

WaveTalks Updated 

Price@405 - at the time of writing this update. Yesterday it turned from 398 forming bullish candlestick pattern called morning star & today it turned again upside from 398 forming a short term double bottom as it was holding that level & 398 was quite important level so I closed my yesterday's update which pushed from 398 & opened gap up at 407 - Then had a...

WaveTalks Updated 

Last Price@142 This is medium to long term outlook which can take close to 40-50 Days having reward to risk ratio of 6:1 with stops below 132 & target upside between 180-185. Short term zone of 140-142 is an important support zone. Exicited to share the dark new theme which was introduced by TradingView recently. You can check the details at below...

WaveTalks Updated 

Morning Star –Talents / Patterns cannot be hidden@ 398-408 Fold your hands & say thank you to Morning Star- They will feel nice. Talents/ Patterns cannot be hidden for long, they are like bubble or soda pop in the fizzy water. Megha Mishra, A talented kid for the music industry is all set with her mind blowing song "Who am I" for an upcoming...

WaveTalks Updated 

09:45 Hrs IST - Last Price@9961 There is a resistance zone between 9955-9965 & possible failure can be expected for bulls on short term basis. Holding the zone 9960-9965 on the upside - we can look for 9855-9865 zone as our classic target zone achieved in last update from 9985 to 9860. Bank Nifty - Bn as well is holding at the levels of 24400 which was...

WaveTalks Updated 

Someone rightly said - " Why patience isn’t just a virtue in investing, it’s a necessity for Trading" if you want to survive in the markets for long term. If I Can’t Have You Right Now, I Will Wait, Dear Few weeks back it made a high@431 - had started falling but it was not a convincing fall to 403 & pushed upside slightly above 430 levels making new...

WaveTalks Updated 

Last Price@9957 Suggested - out at 9965 in previous update. Bank Nifty is not supporting so we have negative bias for BN as well & Bn was the prime reason why Nifty struggled today to touch 10,000 Mark. In previous update our bearish post turned bullish as it opened above 9925 mark & dipped to 9910 was buying opportunity- missed -no worries. I even suggested...

WaveTalks Updated 

9925 is an important resistance & we have a bearish butterfly exactly at 9925. Stops above 9925 - we can look for intraday target of 9890-9870-9860 Very Important Support for the market is 9850. Market is showing bullish signs but too early to put down anything & shall be confirmed once it starts moving above 9925 & 9950 then likely we have good chances of a new...

WaveTalks Updated 

Nifty Analysis is based on cash / spot data. Sell First & Buy Later (S-L) There is a polarity reversal zone between 9815-9825 which we left in today's gap up opening so we are interested for that zone. Holding Stops above 9910 we can look for support in the polarity reversal zone of 9815-9825 Next. We look to sell close to 9910 if it holds below 9910 means...