Since the bottom in the zone 50-55- In traditional analysis we call it double bottom which was activated once 72.50 was taken out & Tata Power started moving upside. The first leg from bottom zone 50-55 is done in the zone 77-78. currently in sideways & time consuming pattern. Trading below 75 & later penetrating 73 as well shall give confidence that TataPower...
Above 200 EMA- HindCopper will set up the stage & going beyond 125- Double bottom is in place- giving us a target equal to 125-42 = 83 - Above 125 mark- so ideally it should go in the zone 200-210 above 125.
In terms of price Renuka Sugar has done nothing since Aug 2015 bottom at 7.10- Its seems that a leading diagonal is forming in sugar- we shall for a small rally to complete the diagonal & then a fall close to 8-10 (retracing almost 80-90%) not below the low@7.10- shall set the stage for fire.
From the top of 1522- ABB is in corrective structure. This structure could complete in the zone 845-865 to finish 2?-yellow wave which will retrace 61.8%- an ideal retracements for 2nd Wave & can confluence with equality distance of Y-Wave. Trading Strategy-1: With Strict Stoploss above 1325. One can look to sell for target zone 920-935 zone first- shall...
Bearish Bat sitting on Biocon's Head - can trouble & give us target 825-827 once goes below 840..below 820 it could be..bigger downmove. so let us wait & watch. Regards, Abhishek H.Singh, CMT
As per previous update- "Tata Steel- A Closer Look in the Wedge"--Price Slipped to take support of the rising trendline..Can we get the bounce now.
Let us trade the box..going 19$. Someone wants to hit the Silver. In that case we shall look for a target zone 16$ to 16.50$.
A possible expanding ending diagonal could be in formation & shall give us more confidence once it overlaps 1st wave at 270..eitherways there is a resistance line running at the head. Price has to stay above resistance incase it wants to go up.
Rising Trendline can Ambuja Cement break & start the downward move..as desired in other updates of Ambuja Cement
Let the price touch a-c trendline for future bounce back.. currently its moving in channel so let us not disturb.
Nifty -3 levels are very Important.. Did I say 3 levels ..No one more level as per my previous update- "Nifty- Trading with Amar..Akbar..Anthony". These 3 levels will decide the fate of Nifty- 8690-8700(as per previous update-going above that level-look for 8740-8750 as target zone)---8600(going below that level- one can take short till next support at...
Are you part of this...Awesome..Aptech is running in 3rd wave-if aren't a part of this, then you are missing something. 3rd wave should complete at 170-175 zone where it will finish 161.8 of the 1st wave starting from 40.25 low- which completed C-Wave since 2007 fall from 440's.
Bollinger Band -20 Period Moving Average-once crossed by Natural Gas ..We will become sure that its heaading for its last leg in the C-Wave.
Looking for last leg in Natural gas to complete & face resistance at the polarity zone & XX -previous swing.
Expecting a 5th wave in the range of 1.3280--1.3300..
As per previous update..Gold- The Yellow metal was struggling..look it leaked as expected.
Look from Wheat is bouncing back right from from the polarity reversal zone. can wheat become gold. I will buy & store some wheat.
Its the monthly candles low at 540..Going below that level it will give us the clue that 5th wave is done.