WaveTalks

WaveTalks Updated 

Likely I would be interested if TS comes again in the zone of 383-385 where the fall from 394.65 to 367 shall be retraced by 61.8%- ideal location for Wave-2. Trading Strategy One can look for longs if TS crosses 375 with day's low stop for target zone 382.50-384 Always book 50% in every profit trade & trail rest to stop at cost. Or Sell can be taken only if...

WaveTalks Updated 

Bullish Bat Pattern becomes invalid if X-wave@8768 is taken out to the downside. With critical stop below 8768 & confirm at your end for bullish opportunity for targets 8870-8880 (once it crosses 8820) Watch for the bounce in the zone 8765-8775 for 1:6 Risk Reward Ratio. Kindly do some confirmation at your end before taking any positions. Regards, Abhishek H....

WaveTalks

GSFC had a gap between the zone 71-73 as shown by the thumb. Likely, Price could go in the zone 71-73 to fill the gap. Unless, Price closes below Gap -one should not think of selling because gaps could be the dynamic support for the market. If GSFC goes into that zone of 71-73, Traders should watch price action keenly to see the bounce from that zone -once...

WaveTalks

GSFC has been going into seller's paradise 81-83 for 1 year. The first attempt was in July2015. Second attempt was in June2016. So, one should be careful if you wish to add GSFC to your portfolio- one can do that only if paradise zone 81-83 is taken out sharply to the upside. Till then Trading Strategy- Once the falling trendline gets breached trader can...

WaveTalks Updated 

Tata Steel- Hatrick Move Back to Back - first fall below 380 to 367-368- Then Bounce from 367-368 to 379 - & the Hatrick move - Fall again from 379 to 373. Regards, Abhishek H. Singh, CMT

WaveTalks

Catching it right at the top@199 before even the results are announced- makes me more elated as previous updates, I warned that going below 195 is confirmed down & before even it could slip below 195- I gave the resistance zone 199-200 Look how it took a U-turn from that zone of 199-200- So, I am excited & elated. Previous update- Regards, Abhishek H. Singh

WaveTalks Updated 

Likely -It is getting ready to jump above 135 -& should hold the 126 level on down side. If breaks above 135- join the exciting rally, but keep booking profits - possibly kissing 150+ zone.

WaveTalks Updated 

If it travels below 46.40$- Let us look for a last wave in the 4th wave in the range 45.50-45.70 from a top 49.35$ or going above 48.50$- oil could turn bullish with immediate swing low as a stop. If turns bullish now above 48.50 or going first in the zone 45.50--45.70- either ways oil is looking bullish for targets 52.50-52.70 at present. Regards, Abhishek H. Singh, CMT

WaveTalks Updated 

Cox & Kings- Will they take us for a ride with polarity reversal. Very strong zone of 199-200 could once again trick everyone- Trader should be careful of C & K if prices go close to the zone 199-200 & Holds or even give us negative confirmation or even prices going back below 195 mark & staying below shall not make good. In that case, we shall look for a support...

WaveTalks

The current bounce from 367.30 to 379.20 has retraced 38.2% of the fall from 394.65 to 367.30. Likely we should now be ready for the strongest move downside if TS goes below 375 & also falls below 370. Going below 375 & taking support just above 370 -one should book profits & flip your your position in buying above 370 with stop slightly below 370 but remember...

WaveTalks Updated 

Tata Steel- Bounced from the zone 367-368- Vow - It's like a dream come true. I have been talking about TataSteel that we are likely done in the zone 367-368 & not much downside could be expected before we start retracing upside for the fall from 395 to 367.30. Current Rate - 372.20 We should travel in the zone 377-379. Key Level- 367 Regards, Abhishek H....

WaveTalks

Vow- There is good chunk of green candles from the expected zone 248-255- Day's low was at 247.55. Currently Trading at 262. Regards Abhishek H. Singh, CMT in.tradingview.com

WaveTalks Updated 

As previous update- Adaniports slipped from 273 to 247.55 lows as per my expectation in the zone 248-255. Vow Regards, Abhishek H. Singh, CMT

WaveTalks Updated 

Bang On Target- we picked this pair right at the bottom 1.2763. It has travelled quite a distance & I am immediately looking for 1.3029 least distance to travel or 1.3156 where the 3rd wave will equal 161.8% of the 1st wave.

WaveTalks Updated 

Tata Steel- An Ending Diagonal or Traditional Wedge Pattern in the 5th Wave- is always an Elliotticians delight. It looks like we have completed 1st tranche of the fall from 394.65 to 369.20 - Likely- TS will bounce back & it could go deep on upside possibly in the range 387-390's but make sure enough that it should not cross 395-which is the top. Once bounces...

WaveTalks Updated 

A-B-C followed an X-Wave in the form of double bottom was the continuation of its uptrend. Let the price fall in the zone 248-255 & bounce back to participate in the upside rally.

WaveTalks Updated 

Let us wait in the coming session, to get some clear market direction- once Tata Steel starts moving above 373- it will give us a clue that it wants to head upside or retrace the move which started from 395 Top in E.D. (Ending Diagonal). Currently going below 368- we shall be open for the short downside move, but not looking much downside before it starts moving...

WaveTalks Updated 

Hindustan Petroleum has been moving in a flag. Once goes below 1190- It will start puking or at current price it will drag further upside- logically we should wait for HP to puke below 1185-90 zone - to us the direction.