Look the channel seems to be broken in coming session- once it breaks -it shall take support of 4200-4250 zone & going below 4200--- Hmmm
H & S Pattern gives at least a target of 1064- which will equal the distance from head to neckline when measured from break of trendline.
Going below 73.50- looks to boil. Likely 71 could be coming support or going below 69- we shall look for 66 zone where W-wave shall be divided internally into 3 -waves.
Let the trendline be broken- & possibly below 500- it starts showing the pressure.
Not much to tell- As we break the trendline -we could turn bearish, but be careful once it breaks -it bounces sometimes to fall again. Regards, Abhishek H. Singh, CMT
Auropharma- Vow.. Shall get a hatrick if auropharma moves below 785 low & starts trading below that mark in that case we shall be bearish & look for a downside target in the form of c-wave in the larger e-wave of the 4th Wave Triangle. Arrows show how we moved exactly in previous updates. Regards, Abhishek H. Singh, CMT
From the lows of 1045$ in Dec2015- we could be travelling in a ii - wave of larger 5th wave Ending Diagonal- The knee jerk reaction which was seen in Janet's Speech -could be 4th wave in c?- pink wave in ii-blue wave-travelling upside & most obviously. There is a tug of war going between bulls & bears so one should be careful & trade once the market shows the...
Current Trading at 270-275.. Let it hit the breakout out at 250- which is an ideal zone for the bounce as per daily chart analysis. In current situation going below 265 shall pressure adaniports.
Closer Look of how this corrective pattern is opening up .. Hourly chart for reference & clear picture to action- likely going below 420-422 -It will confirm that iv? is in place. One can trade if it goes below 500 & breaks the trendline or going below 500 & bouncing back & not taking out the recent swing high shall be the signal for v?-wave in C-Wave. ...
W-X-Y Moving Going On - A Complex Correction Y -Wave equals 161.8% of W-Wave @567.. We shall for Jackson Hole Summit to its desired effect. Likely Breaking of Trendline & Going Below 500- IPCA should rush to 360-370 zone. Regards, Abhishek H.Singh, CMT
Larger (2) Wave shall complete 61.8% of (1) Wave between 360-370. Regards, Abhishek H.Singh, CMT
Once the rising trendline gets broken- & possibly below 500- IPCA Labs can start its v?th wave & the final wave in Larger C-Wave. This v? th wave can complete in the range 365-375 where C-Wave equals 161.8% of A-Wave. Let us wait for Jackson Hole Summit. Regards, Abhishek H.Singh, CMT
Well from my last update- I was looking out for rising trendline to be broken for a trading opportunity-Vow, It broke There was good short term opportunity. Going Forward- Ambuja Cement has Three Mountains Pattern in the range 277-278 - if flipped, it can turn into Kilroy Pattern(Inverted Head & Shoulder Pattern) as stated in most famous book of technical...
Going below 75- I am expecting 68 Handle -if TP is successful in breaking 73 handle as well. The fall started with big red candle making a halt at 73.80's level- did a pullback to 76 back but I am still bearish & once we break 73.80 level-TP should continue down. Regards, Abhishek H.Singh, CMT
Its a corrective pattern in yet to complete 2nd Wave or a leading diagonal in A-wave of A-B-C sequence- In both cases, currently I am looking for a bounce in the zone 1.3200 to 1.3250. Regards, Abhishek H.Singh, CMT
Moving Exactly in channel as shown in previous update- Auropharma had a good fall from 770-730 in last few sessions. Let is fall further & Take Support of A-C Trendline & wait for price action to see the bounce- once confirmed -that will be green signal to go long or wait for the channel to be breached on upside- in that case hold to see whether recent low is...
HindCopper got rejected from the zone 73-74 & the fall was sharp- so any move below 65 & sustains- shall activate next tranche of fall. Rising Trendline later could activate further fall in HindCopper. Regards, Abhishek H.Singh, CMT
Prices have been moving in a choppy manner on upside. So, going below 580- AB will fall to the zone of 575-577. Once Target Done. Let it bounce back to the zone 584-585 & start falling back again below 580- to re-enter in the short trade.