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.
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-...
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...
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...
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
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...
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...
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...
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. ...
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...
If you can't move with the market-this trade setup is not for you. Bollinger Bands are horizontal stating that the stock is trading in a range bound market. It's a sideways market for Infratel- prices are moving into the zone between 414-325 which is a no trade zone or look for buying opportunities at lower range with 325 as key support & targets upside or look...
Currently into Intermediate Wave degree-4 -Escorts is running into its (b) wave which could likely finish in the zone 350-370's. Once done -let me come back to have most exciting wave -(c) wave the bear wave. Once wave-(4) done- going into Year 2017 Post June -July- it will be good times for bulls to take control of the stock making it hit its new high likely in...
There is an evening star right at the top level 199 as expected from previous short term trading strategy -look for a bounce in the zone 195-200 -if holds- come out. Here we go- started with an evening star- channel restriction -can it be bears googly ball to clean bowled the bulls- have we started the move down- you need to get the answer yourself. Few of the...
Last Price@8257 Nifty has been moving into corrective structure & within a channel. Yesterday-it was an excellent upside move for the Nifty as it sustained above 8200-8210 zone, which was resistance & suggested that this rally could extend to 8300-8350 zone. Since 8250 which was key resistance yesterday has been taken out so likely it has opened for upside &...
There is an inverse head & shoulder pattern or Kilroy pattern as named by Edwards & Magee. Above Swing High 268 -If prices sustains -one can look for Inverse H & S Target Zone of 295-300 which is the vertical distance from head to neckline & projected above neckline which gives the target zone 295-300. Previous Analysis
Its a complex correction happening in Bhel- Going above 146- Likely it should make a new high in the zone 175-185 & then fall again.
Since Aug2015 Highs@1128 -it has been moving into a complex corrective pattern which could be cup & handle pattern as per traditional analysis- this cup could complete going above 1080 mark -can make a small move up in the zone 1100-1130- It that zone holds & battery gets discharged in the desired zone, then going back below 973-likely we will see sizeable fall-...
As expected in the below mentioned chart that we are starting downside & need to be careful. Surgical Strikes -They never give time to react.