Closing Price@134.65 - 15th Nov2017 GSFC - Gujarat State Fertilizers and Chemicals Excited as GSFC cracks right on the top@160 as suggested in the last update. Looks like we are close to the end of an impulsive move downside from the highs of 165. Any push later above 139-140 shall be the clue that the downfall is in place & done. Previous Update - Cracks...
False breakout above 800 - got extended down beyond 725 which was magical level to hold auro for couple of times finally piercing the level. 809 to 689 - Extended downside & close to very important level of 665. False Breakout -Trying to tell you something@800 Next Trading Opportunity Safe Traders can look for an opportunity once it starts moving above...
Wow! - What a harmonic structure scored 100 points non stop - can Double Top stop the zinc journey. 24th May2017 Update - Harmonic M-333 with Zinc Coating at 230-240
Current Price@10188 13:12 Hrs IST Bullish Gartley - Key Level@10175 When to execute Safe Traders should look to buy once index starts moving above 10200 with stops below 10175 Risky Traders can buy close in the zone 10180-10185 with stops below 10175. Target - 10230 - 10275 - 10340
Wow! The crack was awesome from close to 800 highs to 757 which was extended sharply to 727 lows for the day as per previous update. Previous Update - False breakout above 800 - Story telling done at 727 What Next? Let us trade the trendline support - basics of technical analysis 2 points to draw the trendline & 3 points to confirm the trendline- You got...
Butterfly Harmonic Pattern at 425 lows-9th Nov2017 - Above 445 for 450 - above 450 for 455 & finally above 455 to 463 - Keep trailing as you move upside.
Last Price@150-151 -8th Nov2017 GSFC was one of the stock which was highlighted at 65-70 zone last year. Excited to share at 165. GSFC on 2nd Nov2017 - Could be turning down soon. Look for a bounce & if it travels close to the highs then plan to trade in bear camp keeping an eye on the risk which you have to take.
When we start trading as a novice -one of the strategies we are inclined to take is breakout trades as they are intended to give big moves in the breakout direction. One should always be prepared to experience many false breakouts: the price breaks out of the pattern, only to revert right back in putting you in losing position. If breakouts happen to be false...
Last Price@421.50 - 25th Oct2017 15:25 Hrs As suggested last night - had bullish harmonic & got the move from 415 to 423 & prior to that from 434-438 to 416 - can it be hatrick from 425 to 410 - Let us wait & watch. Any move above 427 - invalidates the pattern. Bullish Harmonic from 415-416 to 423-425 - Why I closed the update at 423-425 Incomplete H&S...
Last Traded Price@742 -24th Oct2017 The most important lesson which I learnt in last 10 years in the market is just getting out of the way if you feel that by mistake you are trying to cross the rail track & suddenly you realize that fast train is approaching towards you. People who live in Mumbai, they know the importance of not crossing the track of suburban...
20:55 Hrs 17th Oct2017 AUDUSD @0.7830 USDINR@65.01 Wish you a happy & prosperous diwali to all of you & your near ones. May Goddess Lakshmi bless all. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- AUDUSD Running with 200+ pips in back...
24th Oct2017 Last Traded Price@416 Congrats! If you were part of this sell trade right from the top@438. H&S pattern as suggested with incomplete right shoulder was fantastic to start as it completed exactly at 434 which was expected level to sell for 423-410 target levels. Although H&S pattern was slow to react & touched 425-426 target zone in 1st attempt...
Journey of 2 TM's (Tech Mahindra & Tata Motors) downside post diwali was exciting as both cracked downside. Tech M went down sharp from 474 to 454 as of 24th Oct2017 - gave a double bottom @453 & ended today's session whereas Tata Motors down from 435 to 416 If 480 is intact on upside - we look Tech M down as per previous post Previous Post - Weekly Bearish...
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...
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...
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...
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...
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...