WaveTalks

WaveTalks

Updated 

Last Important Support which was updated in previous ones was 8050-8055 as soon as it got broken the downside possibilities became more. In yesterday's session, it made a low 7965. Trading Strategy- Looking to Sell on Bounce If it bounces close to 8000-8025 zone use the stops above 8065 which I have kept 10-15 points above important zone of 8050-8055-as any...

WaveTalks

Updated 

3 times bounce from the zone 290-305 zone has formed good support- so, it has started a new leg upside which is again choppy & likely into its Y- wave above 350 which has upside room to kiss the zone 435-445 where it will retrace 61.8% of the fall from 531 highs. Largely the trend is down so we will look for a push down in couple of months down the line- if it...

WaveTalks

Updated 

Last Traded Price was 67.85- As per previous update, look for the zone 67.15-67.41 as key zone & 67.15 as critical level where Dollar rupee likely to bounce as that zone troubled for a good number of months acting as resistance zone & most likely to form support so they have changed their role from resistance to support- that is called polarity reversal. Related...

WaveTalks

Updated 

A short term bounce can be expected if it holds in the zone 8105-8115 without taking out 8090-8094 zone which is important. 8094 was yesterday's low. Also, be careful of the risk downside, below 8094- can keep a buffer of 4-5 points like 8089. If the zone of 8090-8094 is intact, then short term bounce could be expected 8180-8200. Trading Strategy Look for...

WaveTalks

Updated 

Polarity Reversal Zone of 25-30 where zee media had support in 2008-2009 became a resistance zone in the year 2016. Zee Media beaten up badly in the year 2008. So could be stocked in one's portfolio once we cross into the zone likely 30- Can it move up-up & away- well time will let us know.

WaveTalks

Updated 

As per previous update- bounce expected between the zone 855-870- Got the hit for 867 on 15th Dec2016. What Next? If it starts falling below low@830- then likely it will indicate that it's looking for a new low below 805. Related Analysis Attached Below About Bajaj Finance- Click the links below to get the chart & load the bars to see how it moved

WaveTalks

Updated 

(( ))- Means circled wave in the chart From the lows of 7915 -this whole sequence could be ((a))-((b))-((c)) structure- nifty could be running into a time consuming b-wave pattern & likely seems a range bound price action between 8275 on top & 8050 at bottom. Once upper boundary@8275 gets breached then upside zone of 8350-8400 shall become reality. Chances are...

WaveTalks

The zone of 54-55 has held SpiceJet for almost 9-10 months. Once it breaks below 54-55- SpiceJet will also join the party with Jet Airways. Related Analysis Attached Below

WaveTalks

Approx 200 points fall below a trendline connecting lows@507 & 515. Recent low was 336. Can it touch 240-250 zone in coming months. Recent Analysis Attached Below- How it all started with Jet Airways finishing its fuel above 500.

WaveTalks

Going above 18740- BN indicates that choppy move down from 20310 is all done for wave-X in larger wave-(2) likely to start wave-Y which should finish the complete corrective sequence. This whole pattern becomes invalid once BN moves above 20576. Trading Strategy Going above 18740 shall open deep upside or below 17950 could give downside, but shall be limited-...

WaveTalks

We are in the trade below 704- are you?- Gain Gain & Gain. Below 704- Auropharma became naughty child- did you start beating him, already 30 points down below 704 as expected in earlier updates. Between 590-600 zone Auropharma travels equal distance as it travelled in wave-((i)) from 895 to 680's Related Analysis attached below- 895-is this the end- did you...

WaveTalks

Updated 

One of the cardinal rules all interested ones should know about Elliott wave - Wave -4 can never ever overlap Wave-1 & if you are trying to force your counts just for the sake of writing 1-2-3-4-5 & trying to impress others- I will say only one word for them -be careful. And if you still don't understand, markets will beat you & beat you hard till the time...

WaveTalks

As suggested in the morning update @09:06 Hrs -15th Dec2016- " Strong Support 8100-8110" Post Fed decision- Nifty will panic only below 8050 - look for selling only below 8100 marks. What a move- are we looking for 8350-8400 the channel top- Amazing Related analysis & few other analysis attached below which keeps me motivated Previous Analysis

WaveTalks

Updated 

We entered long above 8200 as per short updates in between & when it made high at 8229 yesterday- I suggested that let us book profits & move out- In opening session for today as well 8229 acted as resistance- "Magic of 8229" What Next? Avoid taking selling positions unless 8050 gets broken on the downside-so we are left with any dip as buying opportunity for...

WaveTalks

Updated 

That's amazing to get it correct again. I feel excited & motivated as Bajaj finance had a sharp fall from 925-930 zone as expected - look at the Niagara Fall- straight down from 925 to 805. What Next? Looking for a bounce in the zone 855-870's -if holds & starts moving below 850- shall make a new low below 805. Click the chart & load the bars to see the...

WaveTalks

How key levels act like magical wand can be seen in the current example of Dabur- where in previous update I mentioned need to be careful below 274 Dabur bounces from 274- short term Intraday opportunity was more than enough for scalpers who look to make some money. Hope, someone made some money with sweet Dabur. Click the charts & load the bars Related...

WaveTalks

The zone of 545-550 could be the likely support for the stock & if that zone holds, then it pushes up to 590-600 -to complete B-wave in that zone & then fall later with the broader markets. Short Term Opportunity Going longs for target 590-600 zone -should hold 545-550 downside Long Term Opportunity Selling in the zone 590-600 for the target 430-450 zone. ...

WaveTalks

Updated 

Heading into C-Wave Down First, it was A-wave down from 590's-600's to 470's then B-wave traded between 520's to 560's & Likely we get C-wave down below 470's into the support zone 430-440's- but as if it is premature. Recent top@575 could be B-wave top & premature as we will for some more price actions. Short Term Opportunity Going below rising trendline...