WaveTalks

WaveTalks Updated 

Going Below 8750 -shall open downside for target zone 8690-8704 else it's likely to stay in the zone.

WaveTalks

Since 2008 Highs @1048 -Jet Airways has been in range of 200 to 1000 -Yaa that range is big enough to trade on daily basis. Bigger Picture tells that it is triangle which is unfolding in JetAirways I shall look for the zone 240-260 as a golden opportunity in coming years -where the Intermediate Degree (E) -leg completes & as traditional analysis (A)-(C)...

WaveTalks

Unless Zone of 19690-19730 gets cleanly taken out- remaining short or going short might trouble traders or wait for upper band of channel as a good trading opportunity in the zone 20100-20150- look for resistance in that zone & think of going short. Or If Bank Nifty goes below 19690 likely it will open up downside for the target zone's 19450-19500 zone

WaveTalks Updated 

From the highs@46471 - If one measures the distance of (A)-wave & project it from (B) -wave top it measures same distance(approx) or equality at 45700's zone which is C-wave Here exactly at the bottom of C-Wave -we had bullish engulfing candle Bullish Engulfing Candle Green candle engulfs prior candle from open to close (which is the cylindrical body) -wicks...

WaveTalks Updated 

Unless X@273. 30 is violated- I am taking this as a possible cypher pattern. Risk/Reward could be big - I am taking about 175-180 zone with 3-5 bucks as strict stoploss slightly above 273.30- which will violate X-Wave & Cypher goes into bin. Regards, Abhishek H. Singh, CMT

WaveTalks Updated 

Bank Nifty Opens at 20150's zone travels to channel top@20264 gets resistance & falls to 19996 -which is in proximity of earlier swing high@20015 shown as blue trendline. This is how channel & previous highs worked as halting points for Bank Nifty

WaveTalks Updated 

X-point High@159.40 is critical level -Any breach shall violate the pattern downside we could look at swing high-B@152 as first target - 150-2nd Target & 146 as 3rd Target

WaveTalks Updated 

Markets are not able to decide here as well where it wants to head. From previous update -907 was an important level for me & look Indigo just turned from close proximity of 907 -Made a high@908 & Had a fall till 890. On a daily chart(indecisive candle)- yesterday's candle had a small difference between open & close & having long wicks on upside & moderate on...

WaveTalks

Here also ChennaiPetro did not move above 307 as mentioned in previous update & had a fall till 302- how these levels work wonders -really can't be imagined.

WaveTalks

Nifty is yet not able to decide which side it has to move Up? Or Down? Till the time its intact below 8920-8900 on the upside & downside we have a key level as 8757 & critical levels-8750. Going forward- if Nifty takes support in the zone 8820-8825 zone -we could expect as short term up move into the zone 8880-8900- These are all Intraday moves. Any close above...

WaveTalks

Currently Trading At 855

WaveTalks

BA has bounced atleast twice going into the zone 19730-19750 which has become resting zone- since when we identified that zone -it worked like a magic zone Either that zone of 19730-19750 to be taken as good buying zone or going above 20015 -which is the rejection level for BA can be taken as another important mark -if it crosses -one can look for 20200-20250...

WaveTalks

I shall be out for the day There was a break of trendline -& if this trendline acts as a support- if prices pullback & trendline acts as support then one can take a long opportunity with that recent swing low as stop. or strategy based on previous update

WaveTalks Updated 

There is a small channel which can resist the up move & if stops in the zone 1080-1090 which is channel top & any confirmation of the downside move at respective ends can be taken as a bearish view with that recent swing high as stop & initial target -1010 & Going Below 1010-1000 Zone - H&S Pattern with truncated right shoulder gets activated Target Calculation...

WaveTalks

I shall be out for the day. As per the previous update shown below - "TECHM: Tripple Correction to End@451. 30" - we were having a view that TECHM looks to finish this correction once it starts moving above 476.50 but look how smartly 476.50 acted as resistance- In prior sessions TECHM tried crossing 476.50 but made a high@474.70 which was slightly below 476.50A...

WaveTalks Updated 

Likely Indigo if goes past 907 on top -it shall take the flight to the center channel zone 950-1000 & crossing & sustaining above that shall take it to 1150-1200 on Upper Channel Top where Y will be equal to W-Wave Possible H&S Pattern If goes below 790 without going above 907 & starts falling below 790 then H&S Pattern gets activated with its ideal target zone...

WaveTalks Updated 

If the neckline gets broken - measure the vertical distance from head to neckline which is shown as the 21 point range. Now Duplicate that 21 points below neckline which comes to the zone 230-240 as the ideal target zone for H&S. Regards, Abhishek H. Singh, CMT

WaveTalks Updated 

TS-TataSteel Last time, which was traded above 364 for target 367 & 370 was part of Y-Wave. Looking for channel support which will be second connecting X-Wave. Likely it is always risky to trade X-Wave so, I want market to give me some clue -which will happen only once TS takes support of the channel forming 2nd X-wave & bounce to start a W-Wave that too we...