WaveTalks

WaveTalks

As expected from 93 highs we are looking for some correction in the zone 85-86. Vow- GSFC made a low@85.10. Price action looks very strong from top so i won't deny new lows as well below 85.10 but this is all corrective & likely it will shoot up beyond 93 levels.

WaveTalks

From 78.40 lows -seems that it is shaping into A-B-C correction. A-wave made a high@117.70-since then it moving into a sideways pattern-likely tracing out B-wave, Triangle - In B-wave triangle-looks to move in d-leg internally which can push prices to 122-124 zone where it will face resistance. Trendline should support this push which is connected between...

WaveTalks Updated 

In small push looking for an upside bounce till the gap zone of yesterday which is 160-161. If it goes beyond 161.60 then likely it was all bigger correction & the bounce could even extend till 170-172 zone.

WaveTalks Updated 

Looking for push upside from 240-241 zones with key support@239 for target zone 245-246. Once it reaches 245-246-we will wait & watch -if that bounce gets extended even beyond 249.50 then it will indicate that 4th wave correction is still ongoing but we will enter buy again only above 251.25. There is another way of looking going into zone 245-246 & falling back...

WaveTalks

TCS on lower timeframe looks like some more correction is pending likely I will wait & watch for the zone 2250-2260 -if it falls & takes support then in that case -I will look for a bounce in the zone 2430-2450 with recent low as a stop.

WaveTalks

This is a weekly chart so going above 2770- will be the clue for TCS to fly in the open sky. Keep a watch. It has been travelling in a corrective fashion since late 2014 when it made a high@2840. Tripple correction is going on in TCS.

WaveTalks

Going above 1058 -likely Infy goes to the zone 1067-169 & beyond that zone for 1074-1075+ but likely there will be some retracement which will put infy to test the lows of 1035-1040 or 1020-125 zone before it rallies again but be careful -if it goes below 1020- its an alarm bell & going 1010-critical level -which should not break else -there could be heavy...

WaveTalks Updated 

Trading@1050 INFY looks for the 5th wave up from lows@1010- likely to complete in 1058 & going beyond 1060 can kiss the zone 1067-1069 where the 5th wave travels 61.8% of the 1-3 wave distance. Once done- we will look for correction on result day

WaveTalks Updated 

Always look left & trade right- this is the most important lesson a trader should learn from the markets. Nifty yet again reached very important zone 8540-8550 which again can halt its down move-so be little careful in selling side & plan your trades accordingly.

WaveTalks Updated 

When I was kid- I was fond of Sintex tanks- as my elders use to tell me that Sintex tanks- never leaks so here as well Sintex would not leak from channel downside. Yes, it has been running a complex correction since March 2015 from highs of 134- Likely I will interested in this stock once it moves above 90 & sustains or shall look down in the zone of 60-65's as...

WaveTalks

Nifty has fallen in an overlapping fashion since highs@8968- likely this is the fifth leg & almost looks like a leading diagonal from highs@8968. These waves once done close to 8540-8550 or slightly below to the zone 8480-8490 - we shall look for a substantial bounce may be very close to 8900 zone where it retraces almost 80-90% of the complete fall & will...

WaveTalks Updated 

From the highs of 283.75 - ICICI Bank is travelling into impulse wave & currently tracing out its-((iv)) th wave. Going below 249 which is small rising trendline likely can go to the similar lows or slightly surpass 243 lows once it holds that zone there is a buying opportunity as well in the zones 243-245 for target zone 255-257- for which I need to come back...

WaveTalks Updated 

Bullish Marubozu is a candlestick pattern which has no wicks or shadows & looks like occuring in the middle of the correction Holding 161 as key level going above 165- likely it travels in the previous high swing zone of 172-173- where it shall finish its correction & start a downside move but one thing at a time. Currently it looks upside with key support 161.

WaveTalks

Excited to have 550-600 pips in USDJPY- Vow- The picture looks beautiful as expected from 101.70's down to 104.50's.

WaveTalks

Kissed 1010 Low to the neck. Trading@1026 A closer look of Right Shoulder Previous Analysis on INFY

WaveTalks

Here we kissed internal iii -wave at 93.30-93.50 zone. Double Bang On - FIFO Bang on Target - Visits the box 71-73 Closer look into the zone 71-73 Seller's Paradise 81-83

WaveTalks Updated 

Trading@372 Tata Steel infact went below the swing low@366 (Data was missing at my end in earlier update)- likely we are done with 2-wave wave@383.85 highs & its a internal pull back -so we will avoid going long & any move below recent low@366 -shall continue in down direction.

WaveTalks Updated 

It kissed 2600 & made session high.