WaveTalks

WaveTalks Updated 

It seems that it has put an important low@240.35- Today's gap between 243-245 zone should hold for further up move which I am expecting above 265- initial target zone should be similar highs at 271-272 zone. Intraday session-if SBIN dips in the zone 245-247 can be looked as buying zone with no close below gap zone 243.

WaveTalks Updated 

Last Price@478.70 As per monthly update- suggested that any close below 540 can trouble the bank- look its almost got 2 big red candles which surely looks impulsive downside. What Next? Trading Strategy-1 Going below 473- It's likely that Axis will continue down & make new lows below 468 Alternate Trading Strategy It's a risky call with stops below 473-...

WaveTalks Updated 

Likely, we will expect a bounce which could retrace 38.2% to 50% of ii-iii wave distance & can travel in the zone 1045-1050- which shall be inspected again for bearish future moves. Trading Strategy 1000 is the key support level - holding that level downside- we will expect a bounce in the zone 1045-1050 & sellers could come into play in that zone- which I...

WaveTalks Updated 

I am not different than others & me to get trapped because of the emotional content which is the worst enemy of any trader, but I always avoid & most of the time- I very fortunate with key levels- which was evident yesterday as well when I wrote Nifty is struggling to cross 8670 before even it could turn around- Later in the day, It turned out to be one of the...

WaveTalks Updated 

Can Earlier Resistance Play support for Ambuja Cement. Z-Wave to start above 280 Three Mountains

WaveTalks Updated 

It's a complex correction W-X-Y (Where Y is taking the form of a triangle) in Dollar Rupee- likely giving us 2 clues -which I have my eyes set on. Either it breaks 66.20- Key level & 65.95 critical levels on a daily closing basis, then I will really think that Indian Markets are bullish. Else If dollar rupee breaks on the upside, above 67.15 -then likely...

WaveTalks Updated 

This could be an important clue for India Nifty- How India ETF is shaping out. It's an A-B-C sequence for the India ETF (MSCI) where the B - wave is a triangle which is close to finishing its triangle shape & correction could unfold for the ETF & shall be confirmed once the swing low@53 gets broken -in that case Index shall be heading down in a C - wave of the...

WaveTalks Updated 

Bulls are waiting for the push- me too waiting for the push because I am very selfish- You heard it right- at times as updated earlier -I am no different than others & me to become a victim of my emotions. Emotions- is biggest hurdle for any trader- where some key levels play major role for me avoiding larger destruction. Not going above 8500 & sustaining above...

WaveTalks Updated 

Always be careful of the levels mentioned. It's the final leg (E) which is unfolding as per larger picture & previous update in Jet Airways. In the short term, there too is a triangle in X-Wave. Trading Strategy Either I will take short when prices come & touch the (a) -(c) trendline in the x - wave triangle which comes in the zone 590-600 Keeping in mind...

WaveTalks

Last Price@434.50 Going below 450-453- It was suggested that Jet could be in trouble- Did Oil started leaking

WaveTalks

Wow, what a start when reliance was trading between 1077-1100 zone. Nice Fall

WaveTalks

Last Update when it had an impulsive -I had a doubt that Auropharma must have finished its top@895. Panic Button has already been pressed when it was trading between 820-840's. I even suggested that going below 806- one should be careful. Today Aurpharma had a severe fall & trading@737- Amazing. Bad luck, was it did not give required bounce in the zone 850-865...

WaveTalks Updated 

If this is the corrective structure post 806 lows then likely we will see one more push to the zone 855-865 where it will retrace prior down move from 895 to 806 by 61.8%. Also the move started from 806 was A-wave & currently into a B - wave which is always tough to trade- looking for the C-wave to complete in the mentioned desired zone of 855-865 & also to check...

WaveTalks Updated 

Nifty time for reversal. Any move above 8470 - This butterfly will love to fly

WaveTalks Updated 

Going below 450-453 zone will confirm that new down leg could start. At 488 mark -Wave A-B-C combined retraced 38.2% of the fall from highs of 562 to 443- can be possible if it is the more bearish case. Likely we want Jet Airways to move below 450-453 zone to give us more confidence.

WaveTalks Updated 

Day's Low- 8550 As an analyst -its a biggest achievement if something turns out as he wishes, but those cases are very rare. I am not fond of picking tops & bottoms because getting tops & bottoms has been always risky. It hurts you as you are dealing with real money. Connecting pieces of Nifty tells that if this piece falls into place & very important not going...

WaveTalks Updated 

Day's Low- 250.55 It's amazing when an analysis unfolds as one thinks. Likely as I thought SBI to fall below top@265 & should take support of the trendline connecting 243 & 246- Here we go- It made low@250 & Kissed the trendline which is rising upwards. The risk is small as compared to the reward which we will get once SBI starts moving upside above rising...

WaveTalks Updated 

Last leg expected upside from the lows @148.25 - There is a small minitop@265 - Likely price could dip, but should remain above the trendline connecting 243-246 base. Any push above 265 -will take SBI to a new high above 271.6 Looking for SBI above 265-minitop as a trading opportunity.