WaveTalks

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...

WaveTalks

Important Feature- Use Alarm icon in authors updates of current issue so that you don't miss the important action in the coming days In the previous update- Likely I was looking for a fall from 1430's to 980-1010 zone- Excited, as I got some chunk of the move, which comes once in the blue moon shown as oval shape. The sharp fall happened between 11th to 15th...

WaveTalks

Someone has put a tripple top lock & you will spend your most important time of life by just staring this stock as this stock won't be fruitful unless it comes out of locked zone. Who knows how much time will it take to come out & run up above 40-42. So, don't become old. Go & search some other stocks, but don't forget to put an alert or alarm on the authors...

WaveTalks

S-L -- First Short & Later Long Almost 20 days back - I wrote that avoid emotional attachment & be careful at 285- Today stock touched 256. Going Forward It could get support from ii-iv trendline which comes in the zone 245-246 but we will get that move only once it starts moving below 250-252 If it holds or spends time in that zone & takes support or...

WaveTalks

I am loving it. Excited as usual- did you play the game of W = Y with ABB. Made recent low@930's from 1150's. Let ABB play the game of W=Y - click on charts & load the bars

WaveTalks

Updated 

Is wave -ii done at day's high@417. 50 -Kissing closer to the box which was shown in previous update shown below Dropped from the box in today's session & made day's low@411.50. Can it continue down?- short term trade if taken book profits & we will comeback again. Click the chart Related Analysis of TataSteel attached for reference

WaveTalks

Updated 

The last trading sessions move has given a clue that our primary count is active which c-wave in yet to complete wave-((ii)). Trading Strategy Going above 745- Shall move up first in the zone 755-760 & if sustains then we will even more high prices as room on upside is open till 810-830 zone Or look for a pullback to the zone 720-725 if holds, then it could...

WaveTalks

Some stocks have regular patterns which they repeat again & again. Few day's back it was updated that JD is famous for double bottoms & look marginally it went down to 148 lows & pushed upside to 162.50 in the last trading session of 28th Nov2016 forming again double bottoms.