WaveTalks

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

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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

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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

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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...

WaveTalks

The magic of throwback & Retest of trendline -Above 364 - Target Achieved 367 & close to 2nd Target Zone. Day's High- 370

WaveTalks

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Oh- Its Kissed 297 look & started the bounce. Last Traded at 300- These are the places where Risk is zero & Reward is unlimited as per previous accumulation wedge pattern.

WaveTalks

Prices are moving in choppy & a sloppy manner since lows@180. 75 & one should really take care that -if ICICI Bank starts leaking below channel going below 235 -Possibly it will fall on its face & can look for previous swing low which was at 150. Regards, Abhishek H. Singh, CMT

WaveTalks

Current Wave -'v" opening up as a-b-c wave. here c-wave will equal a-wave at 18.03 with critical low @15.40 - Any move below 15.40 shall the end the pattern

WaveTalks

Updated 

From 8689- could be A-B-C for "iv"-wave done & we started 1st wave of 5th downside made a low@8750 approx OR it could be A-B-C as W-Wave & we had a fall to 8750 approx giving us X-Wave Going Forward 8704 -is crucial which I have been putting all in my updates. But yes -It was awesome to trade X-Wave right at the top@8835 for Target 8765-8775 in 16th Sep2016...

WaveTalks

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There is a throwback from the day's high@363. 95 to 359.70 - likely it is taking support at the channel which was breached early in the day & made a high@363.95 Trading Strategy - If TS crosses 364 - we should get the next buying opportunity for target zone 367 & beyond 367 for 371-372 There is a risky trade for the day as going longs at current price-360.50...

WaveTalks

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TS looks to have travelled almost an impulsive leg from highs@408.60. Oh-we traded "TS" on top. Look-what has happened- it made a low@357.60- likely if it breaks 357.60- it shall continue to the range first 354-355 where it will travel 38.2% of ((i)) -((iii)) wave I changed slightly -((iv)) also opened up as "a-b-c" structure Trading strategy Likely we are very...

WaveTalks

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There is a Kilroy pattern as per Edwards & Magee book or Inverse head & shoulder pattern which got activated yesterday -if prices come back to neckline & starts bouncing from the neckline then one can take advantage of going longs else if it goes below neckline & even below 264 highs -it shall confirm that bulls will take time to return back to Adaniports- In that...

WaveTalks

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H & S pattern with the neckline at 54-55 shall take RCF to the zone 72-74 which is the ideal target zoneHead & Shoulder

WaveTalks

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Nothing good in Gillette as well- which has been moving upside in an ugly manner so once it leaks downside of the flag & give us a close below 4250 (Horizontal Red Line)..It will confirm that Gillette wants to move down.

WaveTalks

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59-60 zone is the supply zone. Prices are getting rejected every time they go into that zone & return back with beating. Not a good stock- looks like it will stay in that zone for a while & once it leaks from bottom then we shall look for medicines for them. Regards, Abhishek H. Singh, CMT

WaveTalks

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There is a potential bullish harmonic pattern - it really looks up but kindly take positions with your due diligence. PRZ-Potential Reversal Zone is 293-310 - Target could be a substantial move to the zone 420-450 as per earlier update mentioned below

WaveTalks

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Below 50 Mark- There could weakness in Rpower - Head & Shoulder pattern gives a target of 43-44 zone.

WaveTalks

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No Trading Zone between 31.50 - 40 Either side break shall give us a trading opportunity. Likely, It seems that we shall have a downside move once 31.50--31.65 zone gets broken- in that case we shall be looking a zone of 27-28 & below 27 -Likely it should go in the zone 20-21 -where multi year low could be in place which possibly looks in Aug to Oct 2017 next...