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.
Ambuja Cement has traced a corrective pattern. Any move above 274- Ambuja Cement is strong- that's why- "Ye Deewar Tootegi Kaise". Above 274 -It can retrace whole down move & even go beyond 277- recent swing high. Regards, Abhishek H.Singh, CMT
Prices have been moving in choppy fashion on upside- once rising trendline gets broken-it should show us the direction- which is likely downside.
Follow up from previous update- "Renuka Sugar- Looking for small rally & big Fall"-- If RS moves above 17 mark -it will confidence the up move & should carry to 18.50-19 Handle Zone. Regards, Abhishek H.Singh, CMT
Going below 181.40 will put pressure on ALLCargo & In its resistance zone 217-220- It had a bearish engulfing candle. which is good sign of weakness in the stock for coming days.
We had a corrective A-B-C Structure in minor iv-wave- let us look for a bounce above 390 going in the zone 394-395 & beyond 395 in the zone 401-403 as mentioned in previous updates.
Once TS crosses the falling resistance line- It will push to 390-391 & going beyond 392- Shall kiss 394 & Above 395- Atlast -should kiss 401-403 Range
Oil is running in 5th wave. I have been looking since yesterday -for 47.20-47.40 zone- It cam close to 47.45- Once crosses 48$- Let us look for 4-5 $ push to carry it in 52-53 Handle.
As per previous update- "TataSteel- Let the Rising Trendline Be Broken".. We exit here & wait to see the price action. If TS starts moving back above 384. In that case TS hasn't finished its iv-minor wave & we can see possible bounce back to 392 & Above 395 it could go to 401-403 -our desired zone. Regards, Abhishek H.Singh, CMT