WaveTalks

WaveTalks

3 Black crows & Tweezer Top at resistance area - should be looked upon as bearish opportunity. Risk is going above the resistance line.

WaveTalks

There is rising wedge pattern in the formation. Ideal spot for taking short shall be 399-402- where 5th wave will travel 61.8% of 1-3 distance. Let prices come in that zone & start falling to give us a hint.

WaveTalks

A wedge in formation.. Let the rising trendline get broken.. The ideal spot for taking short should be between 399-402. Going above 415 shall invalidate the current wedge pattern. We shall look for 348-355 as target zone & going below 345- target zone shall be 295-305.

WaveTalks Updated 

10:00 Hrs--IST--11th Aug 2016 Current Price-8578 Nifty---Amar ...Akbar ...Anthony(Looking for Your Support)....If Market Supports Anthony...You Know ..He had potential to become a superstar & he turned his dream into reality...So, Guys...... In Traditional Analysis--Its 3 point contact for a valid trendline---- Won't you support Anthony....in the range...

WaveTalks

Vow....Bank Nifty jumps 80 odd points from 19370 & Above to kiss our target zone 19440-19450 as per previous update- "Bank Nifty-Mini Top at 19370" Regards, Abhishek H.Singh, CMT

WaveTalks Updated 

There is a mini top in BN at 19367- Price was holding at that level. Any push above 19370 -Mini Top could take BN in the range of 19440-19450 -where next halt could be seen. Wave-i (Blue Wave) shown wrongly at bottom..it should have come at 18699 High Regards, Abhishek H.Singh, CMT

WaveTalks

Usually Post H&S Pattern Activation it is seen that prices bounce back to Trendline Break to fall again- Now the top-393.90 is going to be crucial in coming days- if this is the top then I shall be looking for target zone 345-355. Regards, Abhishek H.Singh,CMT

WaveTalks Updated 

Current Price-389... Bang On. above 384.50 -Target 388-389 done as per previous update-"TataSteel- Top is still missing". from 24th June2016 low@296.30 - TataSteel has opened up in a beautiful bookish elliottwave. 3rd wave was 161.8% of 1st wave distance. 2nd wave retraced 61.8% of 1st wave. 4th wave retraced 23.6% of 3rd wave. 5th is currently running & I...

WaveTalks Updated 

H&S Pattern gets activated once TS starts falling below 386... Giving us target of 379-380 as conservative target. Once Rising Trendline gets broken. Take Short only below 386- Key Level. or We continue with our previous post- "Tata Steel- Beautiful Bookish ElliottWave" Regards, Abhishek H.Singh,CMT

WaveTalks

If Cable goes above 1.3070- our current count will get active & we shall look cable retesting 1.3481 & More in c?-wave. Regards, Abhishek H.Singh,CMT

WaveTalks

Currently- If Cable moves above 1.3070-key level -Cable can test 1.3481(1.3478) - previous highs(a-wave-yellow wave) in the form of c?(yellow wave). The fall from 1.3478-1.3481 looks corrective & has not went below 1.2789- i-wave low. Trading Strategy-1: Incase cable goes below 1.2789- we should look for lower targets Trading Strategy-2: If Cable goes above...

WaveTalks

Current Price- 382. T ata Steel- follow up- Kissed 383-384 zone. Here onwards -we will be little careful as going below 378 back -will confirm that move from 360-362 zone is almost done. Regards, Abhishek H.Singh,CMT

WaveTalks Updated 

Gold could move sharply down in 3rd wave once it slips below 1347$ & later going below 1340$-shall put more pressure. We shall look for an equality target of 1325-1330$ first below 1340$ as support zone - likely it should travel atleast that much but usually 3rd waves travel 161.8%-of 1st waves -which comes in the zone 1305$-1310$. Regards, Abhishek H.Singh,CMT

WaveTalks

Natural Gas staying Above 2.590 & Moving Above 20 period MA(shown by pink line) can take NG in the zone of 3.100 to 3.150 -previous swing high of XX -mark where it shall get resistance & if that level holds -then going back below 2.590. It shall start falling in an impulsive leg down. Regards, Abhishek H.Singh, CMT

WaveTalks

Follow up for previous update- Gold-Looking to slip below 1347$ to 1325-1330$. Has been modified to 1350$ & below- Now If Gold slips below 1350$ & break of trendline can trigger selling in gold- shall take to 1340$ first where gold shall look for temporary support going below 1340$-It shall open up for 1325$ to 1330$. Regards, Abhishek H.Singh,CMT

WaveTalks Updated 

Current Price-1350$ Gold falls from key level of 1365$. Session High was 1364.3$. As per previous update - "Gold-Bang on. for the bounce back"- we had a stop of 1365$ & above for shorts. Look at the fall- just went very close to 1365$ & slipped. Going Below 1340$- Gold will face more downside pressure. Regards, Abhishek H.Singh,CMT

WaveTalks Updated 

As per previous update..."Gold-How it can fool."- 08:45 Hrs Update on 13th Aug 2016 - It was updated that I am taking my primary count as blue waves as shown 1-2. We are expecting a bounce in the zone 1345-1350$. Recent Bounce was 1349$. Currently Trading at 1347$. We shall look for this bounce as selling opportunity with a stop above 1365$. Trading Strategy -...

WaveTalks

As per previous update- Current Price-380.50 --"Tata Steel- Minor d-leg in process. Above 378.50- looking for 383-384. Trump card opens to make me win the losing game. Regards, Abhishek H.Singh, CMT