WaveTalks

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.

WaveTalks

Current Price@40.55- 28th Nov2016 It gave 200% down target of the head to neckline distance. Take it & run away from the market. Looking bad below 50

WaveTalks Updated 

In the previous updates it was mentioned- gap of 312-314 is important. Going below the gap- bears will come into the picture. Likely, Bharati got a hit till what levels- can you imagine 283 & what is 283- it was close to earlier low @282.30 & short term buying opportunity- how can you miss that opportunity- double bottom. What next? If you missed double bottom-...

WaveTalks Updated 

Hindalco moved up as expected once crossed 170-172 zone & kissed the target of 180+ -making a new high@184.80. Daily Chart It's a dark cloud cover candlestick pattern in last trading session as on 25th Nov2016. What is Dark Cloud Cover Candlestick Pattern It is a candlestick pattern where a redcandle forms after long green candle. On 24th Nov 2016- It was a...

WaveTalks Updated 

Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2). The depth of the wave cannot be determined in current state & its shape but...

WaveTalks Updated 

What a pullback from 411 to 402.50 in current trading session- Hitting the bulls eye again as expected & going forward if the zone 401-403 holds then a bounce back to 418-420 zone. Looking for a pullback to 401-403

WaveTalks Updated 

The fall from 441.50 to 380 was impulsive & post that we are having corrective sequence which is still running- looks like an irregular correction. Wave-i gets retraced 61.8% in the zone 418-420 & likely will complete wave-ii. Trading Strategy We shall look for a pullback to 401-403 zone- if holds, then likely a bounce will be seen towards 418-420 zone or...

WaveTalks

From previous update- It moved as expected & close to target zone lower edge 545. Last session high was 537. Strategy Next We shall wait to see what it does in the 540-545 if it crosses 545 & sustains above, then it extend up or hitting in the zone 540-545 & moving back again in downside & sustaining below 540 will be the first sign of bears returning...

WaveTalks

From previous update- was likely looking for a bounce - got the bounce to 48-49$ & In the last trading session- Oil gave the big red candle & going below 45$- shall be looking for downside first in the zone 42-41$ Related Analysis Attached below

WaveTalks

When I started my career as an analyst- I was told by a professional that a "kid with a ruler can make millions" so I was excited & even more attracted -how can someone do so. He was talking about trendline- one such tool is parallel channel- the magical wand. Placing at high@Oct2009 & passing through 2014 high & then placing at any of the lows would have given...

WaveTalks Updated 

Vow - Can you believe this we took short at 158.70 close to second top@159.20- which was very close to X@159.40 -our invalidation level for Gartley- This is how Gartley works Lesson- Unless X-waves Top is not broken -The pattern can be assumed as same pattern, but little problem in shape- who cares -until you keep making money.