WaveTalks

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.

WaveTalks

Updated 

Yet again this trendline is so beautiful that Jet has paid respect to that line. Last traded at 465 lows -very close to the prior lows likely could be v-wave developing or b-leg in iv-wave once it crosses the trendline stays above or it goes below 453 lows to finish below 453.

WaveTalks

Updated 

Nifty looks like an a-b-c move b-wave top is 8724 & c-wave bottom is at 8670. Nifty is not moving down as expected & momentum is decreasing -looks like an ending diagonal in c - wave Bullish Engulfing candle from 8770 gives some hope for upside, but with strict stops below 8669 Trading Strategy Strict stop- 8669 Going above 8690 we should look for targets...

WaveTalks

Updated 

It's a corrective W-X-Y Pattern where Y-Wave completes 161.8% of W-Wave in the zone 1335-1340$. We need market confirmation which can be looked as buying opportunity going beyond U.S. Elections & Above 1377$ which will be my initial target zone going ahead. Trading Strategy We should wait to see some buyers coming into the zone 1335-1340- once confirmed-prices...

WaveTalks

The index had a double top in the zone 9100-9200 zone- Likely looking to correct as momentum indicators aren't supporting the current leg, which started in Feb-March 2016 from the lows@6924- hence it is very likely that Index could correct & it is standing on our doors.

WaveTalks

Last Price@284.55 In 2008- Fresenius SE & Co- A german healthcare bought a 76.2 % stake in Dabur when it was trading between 60-80 zone since then Dabur never looked down & its almost 8 years have passed- & Dabur has kissed highs@320. What Next Dabur's upward pace could slow down in current scenario because momentum indicator-MACD hasn't made a new high where...

WaveTalks

Last Price@856 Note-1 "Chart Alerts" Use the chart alert function to keep you on the right track -which will alert you on stock movement by giving an email & message. Note-2 "NSE F&O and MCX Data on TradingView Platform" At the bottom of our website- before you sign in your tradingview account -one can visit feature request & vote on the link- "consolidated...

WaveTalks

Trading@103.58 Getting it right at the top@104.15- It's a feeling of nirvana-vow. As per previous update mentioned below-I suggested in trading strategy that UJ can look for a similar high or new high post it formed a high@104.15. Only thing which has not turned in favour was -I expected this with NFP Data- well that much leeway should be allowed. Already -1st...

WaveTalks

Updated 

Trading@8717 Posted in comment section to exit Nifty at 8745 -Looks Risky --Out-Out -Out. Shall look for pullback to see what kind pullback it is?.

WaveTalks

If falling trendline crosses & Jet Airways start moving above- we exit sell & shall look for c-wave in iv-th wave which can extend beyond 503 High. Larger Picture Trading Picture Profit Picture Previous Picture

WaveTalks

Updated 

Yesterday -it was an exciting day. Markets were volatile -we were not as suggested in previous updates -we won't panic & look to buy in the zone 8740-8750. In session post RBI policy, we even got that opportunity also at 8750.85 with key support 8735-8740. What Next I am still looking Nifty upside in the zone 8815-8820 where it will face channel resistance &...

WaveTalks

Below 484- Likely it should continue down in the zone 479-480 & if it holds in that zone, then push till prior swing high can be expected in the zone 488-490. Larger trend is down but financial markets never move in straight line.

WaveTalks

Polarity Reversal Magic was evident in Mcdwell. Going forward once we cross 2600 mark - likely we move to atleast 2798 where bracket -iii wave shall complete 161.8% Key support -2250 Critical Support- 2118

WaveTalks

Updated 

Polarity Reversal Concept of Polarity Reversal is very common & should be used by investors. This weekly chart of United Spirits topped in the zone 2100-2200 in year 2007-2008 & acted as supply zone also in year 2011-2012 start- The same zone in Aug -Sep2016 acting as good support where demand is coming for the stock. So, The zone which acts as supply zone turns...

WaveTalks

Updated 

I always suggest to every trader - look left & trade right. Zone 8767-8770 was previous hurdles -which could become the key for the lock allowing Nifty to move up & kiss the channel resistance zone 8820-8830 as per earlier report mentioned below. Regards, Abhishek H. Singh, CMT