WaveTalks

WaveTalks Updated 

Once Channel is leaked downside & going below 274- Likely Dabur could have another fall going below the lows of 269. Another strategy could be used as watching for channel bounce inside channel so one can get upside short term target as 290 for that to be valid it should not sustain below 280 & also should not break channel. Related Analysis Attached Below

WaveTalks Updated 

Sell Setup below rising trendline & likely below 704-705. Related Analysis Attached- "895--is this the end - did you press panic button"

WaveTalks Updated 

Sustaining above 87 marks & going above 90 could be a short term buy for the zone 94-95- Its a call for 2-3 days- while returning back & falling below 80 will be joined by bears.

WaveTalks Updated 

S-L Short First & Long Later Reliance is struggling to move up to the desired zone of 1035-1040 as expected in previous updates. Going below the Rectangular Box or leaking below - likely there will be a chance for Reliance to retest the 960-965 zone back again & assuming that will complete corrective B-wave Trading Strategy Going below 985 - shall be...

WaveTalks Updated 

(L-S)- Long First & Short Later Since 2009 lows of 14- Apollo Tyre has traced outs its impulsive & explosive 3rd wave at highs of 250 where it travels 261.8% of wave-1 distance. Since top@250's -it has been moving into complex irregular correction whose 2 legs are done & likely final leg is in progress. From the tops@235- the move is quiet impulsive, which could...

WaveTalks Updated 

We have key support 167.50 - any dip holding above 167.50 can be taken as buying opportunity for short term target 178-180's & moving beyond 180- travels close to previous high 184-185. Related Analysis Attached Below

WaveTalks Updated 

(( ))- Means circled L-S - Long First & Short Later In Year 2008-2009- Engineers India had a parabolic rise from 50 to 500-550 zones. Since then, this stock corrected to 120's in 2013 & has been moving into a long term correct structure which appears to be flat in ((X))- wave Short Term Opportunity- Buy Looking for 325-330 as a target zone holding above 300...

WaveTalks

As expected, that Dollar Rupee likely to move into the zone. Had a decent fall in the dollar compared to rupee in the last session from 67.99 to 67.50 Waiting for this zone 67.15-67.41 to hold the dollar fall & let us come back again. Previous Analysis- Click the chart & Load the bars

WaveTalks Updated 

As previous update- "Nifty- Hold for RBI Policy"- suggested that there could be a sharp move from 8190-8200 so we should be careful Amazing Fall to lows@8078 giving us in total 140+points - first buying @ 8150-8160 zones for 8190-8200 & expecting a sharp sell off from that zone to lows @8078 Click the chart & load the bars

WaveTalks

As updated earlier- "let us start with Bank Nifty in the bear camp" & what a move right from the top@18588- Bang On Target. 600 point move in one slot to 17962 lows was amazing. Previous Analysis

WaveTalks Updated 

RBI Policy Day- Hold for the policy & likely will suggest that markets will show clear directions post policy is done & waiting for 15 mins so that volatile movements are settled down. Trading Strategy Holding 8100-8110 zone could be a strong support zone for today's session as well & short trades we won't take unless 8050 is broken down. There could be a...

WaveTalks

Dollar Bulls could return back in the polarity reversal zone of 67.15-67.41 which was an earlier resistance zone- if that zone holds & gives an impression of bouncing - likely it travels beyond recent high 69.05. This zone of 67.41-67.15 had multiple resistances & troubled USDINR to move up in the last few months as it has been taken out convincingly that zone...

WaveTalks Updated 

Last Price@8115 It looks awkward to use such language because we are professionals, but sometimes we should break those barriers & enjoy every moment, which local trader in Dalal Street would have repeatedly said to himself & his group of friends- "Chaap Daala"- Why not if you get such a move having 20 times reward against 1 time risk- you will also say those...

WaveTalks Updated 

Corrective Structures are difficult to trade, but we tried our best & traded above 8100 to 8230-8250's which is internally looking as corrective as lot of overlaps on lower degree. Since last 2 session- update that it could be a short term top in the range 8250-8230 zone- got a decent downside move till 8075 lows in the last trading session. What Next? The...

WaveTalks

Double Top to stop the month long rally in the stock in the zone 1175-1185 has started with a corrective structure & indices facing tough time & may this trouble carries for another 4-5 months where likely this irregular structure could complete. 2 on top in the range 1175-1185 & 2 in the bottom between 815-817 can trouble the stock in the coming days. Short...

WaveTalks Updated 

I am not regular writer of instruments & always wait at sidelines unless I am clear what I am writing. Bank Nifty is likely into pressure from today's high@18711 which could be another 1st wave downside in more bearish scenario of the market as one of my several counts which I am opening now in this post. From highs@19611 - I have an alternate count as another...

WaveTalks

There is a buy setup going above 40 & look out for possible resistance from the falling trendline.

WaveTalks Updated 

Fond of Maths as a Mechanical Engineer- get excited when the equations were part of the problem as it really test your brains & you get pumped up when solved. Here CNXIT gave us an equation since 2015 top@12908 which likely looks solved with W=Y=Z on the lows@9295. Placed on the channel bottom-Z-wave seems done & has potential for crossing 12908- its 2015 top in...