WaveTalks

WaveTalks

Well, time only can let us know whether 71-73 zone could hold the fall in ALBK. So, we can look for this zone where downtrend in ALBK could stop. "If ALBK stops in that zone & bounce is what will make me happy"- Do, you think this statement is correct- I think it isn't because emotions is what one has to keep in check -which is an important lesson -a trader...

WaveTalks

Friday, 14th Oct2016 -a non trending day for traders as markets were range bound between 8550-8600. Likely, whenever it went close to 8600- I was bearish & even after it was about to cross 8600- I strictly updated that buying will be a risky element & traders could get trapped- In last time slot, which was even evident -just went & made new high@8604 & turned...

WaveTalks

Updated 

Finally Today Jet Airways landed @449- vow -completed its 5 wave sequence. Let Jet Airways Take off in a retracement to the leg, which started from 560's highs which was an e - wave of the X-triangle. We shall look for retracement 50%, which comes to 505 & 61.8%, which comes to 518-520 zone. Larger Picture -A Triangle in Jet Airways-- we are travelling in y-wave...

WaveTalks

Breaking of channel & moving above 956- It will put its gear on.

WaveTalks

Vow these key levels work so beautifully sometimes- that there are no words to explain them.

WaveTalks

79-81 is sweet spot or could become reversal zone but need price confirmation so we will wait for the green signal from the markets.

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...