WaveTalks

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

WaveTalks Updated 

Key Resistance -503 Post leaking from the Triangle, Jet Airways made a low@453 & retraced deep to current high@503 which is 61.8% ii-iii wave distance. Candle shows rejection in the zone 500-503. Likely we will continue in the final leg, possibly below 453- which will be confirmed once it starts moving below 486 -which could be a possible hurdle in the fall. ...

WaveTalks Updated 

HDFC is close to an intermediate degree wave-3 & Divergence on momentum indicators supports the outlook. Going Forward -We shall look for 980-1010 zone as a buying zone. Regards, Abhishek H. Singh, CMT

WaveTalks

Nifty if holds the gap as support which is 8745 & moves above 8760 or stays above that level- likely it will go into zone of 8800 + & shall touch the zone 8820-8830 to face the channel resistance. One should be careful as take any positions post credit policy after you see markets have become less volatile. Regards, Abhishek H. Singh, CMT

WaveTalks Updated 

Its a (v)-th wave internally -going above min-top 927 -it will give us hint that Indigo wants to continue up & kiss the desired zone of 980-1000 where it will have the center channel as resistance.