5th wave shall be confirmed once auropharma starts moving above 814...
Either one has to wait for the pullback to participate in the Z-Wave or Crossing the resistance zone 278-280 should looked to add more cement.
3 Black crows & Tweezer Top at resistance area - should be looked upon as bearish opportunity. Risk is going above the resistance line.
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.
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.
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...
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
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
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
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...
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
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
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...
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
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
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
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$. Regards, Abhishek H.Singh,CMT
Current Price-1350$ 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