WaveTalks

WaveTalks

Updated 

Post the fall from 895 to 680 - Auro will likely do an ABC count- corrective waves are tough to guess-what type will it be but likely it should look for 61.8% of zone of the fall from 895 to 680 which is 812-815 as the resistance zone because it has already crossed 50% resistance zone at 788-790. Trading Strategy Look for a pullback as a short term buying...

WaveTalks

Updated 

Well Pound Rupee has been beaten badly since brexit in June 2016. Its heading close to the prior swing low in the zone 79-81 -likely it could halt in that zone where it is retracing 61.8% of the rally from 64.76 lows to 105.69. An A-B-C correction is almost done, but not confirmed -we are looking for market to give us a confirmation which will be on firm foot once...

WaveTalks

Updated 

The rally from 6825 to highs of 8969 was all choppy & sloppy- lot of confusion as one can count it clean impulsive wave so this was the reason for me to believe that 8969 could be the top 2016 & likely going into 2017- Nifty could look for its larger C-wave which shall run into months likely make lows in the zone 6600-6700 where it retraces 61.8% - I am taking...

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These B-Wave Triangles are amazing once identified- it can really show you the way-which it did here as expected. We are early in the start for a down move -likely we will get a bounce to digest this fall later to start the excitement downside. Leaked from E-Wave Top

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13th Nov2016 Last Price-8311 Black Money Hole created due to the unprecedented move of Income Tax Department having raids across multiple places or cities on 10th Nov2016 post market hours shocked the market & as a result- there was a carnage across Dalal street on 11th Nov2016. The market opened gap down to start at 8460 from previous close of 8520 & made a...

WaveTalks

Updated 

First, I am looking- gold to cross 1348$- which will give more confidence for 1377$ Target as expected in the range of 1250-1260$ - as per previous update.

WaveTalks

Updated 

As expected for deep retracement- 10th Nov2016 session likely shall be ending the c-leg of the structure within wave-2 & we could be close to end 2nd larger wave of the pattern. Our Invalidation Level- 20576 is very important from the structural point of view- as 2nd waves cannot retrace more than 100% of 1st waves & 1st Wave started at 20576- so, 20576 is a...

WaveTalks

Updated 

As expected in the zone 8580-8600- Likely we are putting a top- a double top- Amazing. The excitement which I run through- cannot be explained in words. I am looking this sequence as ABC -but in premature stage- which requires further clues from the market.

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It could now trace out a corrective or a time consuming pattern in larger 2nd wave. Did you press the panic button Top@895- Is this the end 5th Wave- Terminal Thrust Above 814

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Last Price@67.42 As expected & suggested that we will get an important clue for Index Nifty if Dollar Rupee Starts moving above 67.15. In an unexpected move from Income Tax Department, which has carried out raids across various cities in India could likely shock the market, but I was clear that if 66.20 is on hold which shall decide market moves next. Here we...

WaveTalks

Updated 

At 285 -recent high- SBIN has measured the equality distance of wave-1. So, we should be careful in the current scenario as most likely- SBIN can end its upside sequence-1 of the larger wave from Triangle Bottom. It's too early to say anything from smaller view which needs market reaction- to confirm whether it has put a short term top or not. Is The First Leg...

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Last Time Picking Dabur at 287 was in the middle of yet to complete ((iv)) the wave -which at recent high@305 looks to complete an internal wave B- which was very choppy. I shall be looking for wave-C in the zone 275-280 Trading Strategy Let us wait for bounce close to 305 & then if it falls below 297-295 zone shall give confidence that it's looking down for...

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As expected the push in ii- wave- the bounce from the zone 10180-10212 was rock solid, but small issue as my key level@10730 has been broken on top so likely I will wait for the market to show me its direction further- which I will be searching on the downside. So, Let us wait for further clues from the market.

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Awesome channel- as thought it will get resistance between 490-495 (Villain Channel as per the updates in below chart)- Vow, it made a high@492.45- Unfortunately, Gave a gap down opening finished its final leg in A-Wave since top@639. Intraday, we were trying to short with a risk of 2 points, which got hit @491.50 but that's part & parcel of the game. Larger Term...

WaveTalks

Updated 

The bears got trapped through FBI at 8400- which was surprising for bears & they got squeezed in today's session as well with most of them putting stops above 8550- Market travelled marginally above 8550 & made day's high@8559- finally to close at 8543. We are standing close to very important global event outcome- U.S. Elections which everyone might have set...

WaveTalks

Updated 

Its a tripple correction (W-X-Y-X-Z) started from 229 highs, which is unfolding in BOB- likely the last leg Z-wave downside which itself will be complex zigzag move going into June-July 2017- likely to test 80-90 zone.

WaveTalks

Updated 

If Nifty fails to bounce back above 8550- Alternate Count- More Bearish Case - labels with pink color. Which is an important clue to me as per my primary wave count- from 8968 to 8506 as larger wave-1 then a bounce back to 8737 (W-X-Y) giving A-Wave (Alternate Count- wave-2 finished at 8737 highs)- we are in smaller wave-(i) of wave-3-- Output- We can expect...

WaveTalks

Updated 

As expected on 14th oct2016- TCS to kiss the zone 2250-2260 which could be the zone for taking longs- here we go, it kissed 2260 & bounced. It's an eye popping risk reward as turning from 2260 -likely we don't have any risk or marginal risk of taking longs