WaveTalks

WaveTalks

Updated 

Once BN starts moving above 19252 & also goes into the gap zone -likely it will comfort bulls for bounce back in coming session. In the last session, BN had a nice bounce from 18960's to 19080's- if it dips on Monday close to 19000 & starts moving above 19100's then most likely its an early indication that BN wants to jump up later we will watch for 19252 levels &...

WaveTalks

Updated 

Any move above 8550- bulls shall be in more comfort zone for short term duration. As expected months up the line- that this structure could be an irregular correction & likely running into C-Wave- which also has a similar personality to 3rd waves & can easily deceive bulls -indicating that everything is correct at the back end but what need to take care of is...

WaveTalks

Updated 

(L-S)- Long First & Short Later The fall of 10730 was impulsive & almost came close to prior swing low@10190. Recent Low was 10212- Likely looking for a push upside on account of U.S. Elections -which could be short lived, so if DAX fails to cross 10730 or go close to that end- looking at all possibilities, we should avoid taking any long positions in the zone...

WaveTalks

Updated 

It's an irregular correction from lows@88.20 in 2008 which has taken shape of W-X-Y sequence. Y-Wave is currently in progress since bottoms of 106.50. This irregular correction is 3-3-5 sequence - 3 internal waves for W-wave -- 3 internal waves for X-wave till 106.50 & Currently on impulsive 5 wave move for a larger Y - wave. This is irregular correction is...

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