WaveTalks

WaveTalks

Look how Jindal Drill -if goes above 160 & sustains likely to push deep upside & more likely to repeat the double bottom pattern which it knows very well.

WaveTalks

B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c from 43$ to 52$ with a double bottom- an important lesson from...

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I was excited about getting approx 90-100$ last time from 1250$ to 1335$- will this magic be repeated again -well time will let us know. Infact before that magic could even start -I got a supplement bonus of 20$ Bang on Target- Amazingly, it turns from 1200-1201$- Nothing to lose only gain what is the Risk Reward? 20$ Bonus to start the journey 100$- Oval

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Click on the chart USDINR@22nd May2016- Impatient About Acche Din I chose this headline for my report on 22nd May2016 because every Indian since they voted BJP to power in 2014- had high expectations from the running government & everyone was desperate to see better results, but why we forget the devastated state of the economy which was to be restored to...

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Updated 

Holding 360 - if Jet bounces & travels upside first to 385-389 zone. Above 390 can travel to 410-420 zone- if this happens then we will conclude that 3rd wave is getting subdivided. Key Support-360 Falling From Triangle

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Updated 

Reliance could bounce going above the trendline & likely if sustains above 1000. Sustaining Above 1000 -can look for the 1035-1040 zone. Falling from Triangle Top- Connecting Piece

WaveTalks

Updated 

If Nifty crosses swing high 8143 then likely It will look to test 8185-8195 zone & Above 8210 -This whole sequence of the fall from 8600 to 8060. Who is playing with numbers -I just shifted these numbers from unit, tens & a thousand places to get 8060 out of 8600- like a kid- Thinking out of the box. Likely that's been fun part- Serious Part: Downside there is...

WaveTalks

Updated 

Double Bottom in the zone 370-372 zone if holds, then likely we can expect a bounce for Jet Airways in the coming session. This scenario can play out once it holds above 370 & most likely if crosses 390 then it can go deep upside possible 420+ zones- which is premature now- so, keep a watch on the counter. Leaking from the triangle

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Updated 

(( ))- Circled wave If Reliance starts moving above 995-1000 zone- it could give the C-wave of yet to complete ((iv))th wave in the zone 1035-1040. Monthly Triangle for Reliance- The future pathway

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Updated 

Going above 178 swing high- likely Trump tower could extend in the zone 190-195 but be careful, it should not trade & sustain below 177.65 highs. In case there is a gap up opening look for some pullback to enter into the trades taking care of 177.65 highs which should act as guiding level in further sessions. Once done, we will expect this (X) -wave to...

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Updated 

The fall from 562.40 to 443 which was wave-1 retraced 38.2% in 488 was a good opportunity for taking sells or a break of 450-453 zone was another chance for taking sell positions as updated in previous updates. In the zone 360-365 it will measure equality distance travelled in wave -1 down from 562.40 to 443 -which will be minimum distance- it should travel atleast.

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Updated 

380-382 zone for Tata Steel important as it exactly landed on the trendline (ii-iv) wave having 377 as crucial level- any move below that could put TS into more pressure.

WaveTalks

Updated 

Most Likely, Nifty could bounce as global indices are positive & SGX Nifty was 90 points up at 7:30 Hrs. In current situation we will look for recovery to the fall from 8600 to 8093. This recovery could be a corrective sequence which could go as high as 8400-8440's retracing 61.8% closer to the Black Money Hole Gap -8460-8520 so we shall wait for a short...

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Updated 

A sustained move above 155 likely will give inverted head & shoulder pattern-giving us target zone of 200-210 which is the vertical distance measured from 104 lows (Head- start) to neckline & projecting that distance above the neckline.

WaveTalks

Updated 

As expected from the levels of 155-160 in the previous update- there was a sharp fall but even sharper recovery from 135 lows on account of Trump victory, suggesting that larger correction is still not done & I shall be looking for some move above- where it will complete its (X)-wave & start a move downside for (Z)- wave. So, in all scenarios- if one gets an...

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Updated 

Bank Nifty also corrected 500-600 points from day's high zone 20300-20350 -very similar to Nifty & scared all the bulls- Let us wait for some bounce to decide its move ahead. Likely for the bounce we want BN to move above 19800 & sustain for a few minutes. 2000 points rally in Bank Nifty

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Updated 

Tata Steel is my baby- because I started my career as an analyst & picked this stock for selling at 430 zones in Dec 2014 & then buying in the zone 200-210 which was Bang on Target- as I visualized this triangle in Dec2014. Tata Steel Monthly Chart Dec 2014 -it was in D-leg of the triangle- before coming to TradingView- when I set my eyes on TS counter. So, it...

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Updated 

Till the time it keeps moving in the tube which it did since bottom@58- it is good as soon as it leaks out of the tube that will 1st sign of worry for Vedanta. 20 period moving average has given good support at 195- so, any close below 195 will be the first sign of weakness. Also at previous resistance zone 230-235 should be crossed & sustained for the next leg...