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$- Gold will face more downside pressure. Regards, Abhishek H.Singh,CMT
As per previous update..."Gold-How it can fool."- 08:45 Hrs Update on 13th Aug 2016 - It was updated that I am taking my primary count as blue waves as shown 1-2. We are expecting a bounce in the zone 1345-1350$. Recent Bounce was 1349$. Currently Trading at 1347$. We shall look for this bounce as selling opportunity with a stop above 1365$. Trading Strategy -...
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
14:35 Hrs-IST-16th Aug2016 Current Price- 377 As per morning update - "Tata Steel-still top is not in place" Yet to complete minor d? leg --can take Tata steel Above 378.50 to 383-384--In an unfolding triangle at one degree larger. Trading Strategy- Above 378.50 -TS could complete its internal leg in the zone 383-384 slightly below 384.50- The Killer...
The price movement in Tata Steel is indicating at present moment that top is still missing as price has not gone below 360 in recent fall-which I was keen. Trading Strategy- 1) Any Move Above 378.50...we should look TS to travel in the range of 382.50--383.50. Trading Startegy- 2) Any Move Move above 384.50- One can look for the zone 389--390 & Above 390...
Since 15th Jan 2016-- Copper QC moved impulsively & made a top@2.3200..Since then it retraced & has been moving sideways- almost completing an H& S pattern. so once we move above 2.2400 -it the first clue & above 2.2900.. Copper QC contract shall move strongly upside in the zone 2.5500 to 2.5700 which is the target zone of Head & Shoulder...
Tata Steel Kissed the Target Zone 360-362 as per previous update- TataSteel- Trading With Channel. Awesome Regards, Abhishek H.Singh,CMT
As per the previous update---"Nifty--Trading with Amar..Akbar...Anthony."............We are running with 120+ points in Nifty since morning..........Strategy -2...Bang ON....Bounced from 8575 to 8600....Then Fall from 8600 to 8540..... Stratgey-1--- Bang ON.....Bounced from 8540 to 8595 (Currently Running)......... Regards, Abhishek H.Singh, CMT
As per the previous update--- "Nifty--Trading With Amar ..Akbar..Anthony"............Nifty first bounced from 8575 to 8600 as expected & Then Fall expected below 8590....Nifty...Slips...Slips...Slips.....to 8540......Vow...... So, Yeh Dil Mange More.......... Regards, Abhishek H.Singh,CMT
Alternate Call-- - How Gold can fool market partcipants & start jumping above 1365$........As an elliottician -I learnt this long back that why you should keep alternate count ready -if market fails to move as per your expectation... Now ..for Instance let us assume from bottom 1335$--Gold has moved impulsively-wave -i (orange) & shall correct in wave-ii...
Monthly Chart State bank of India has completed triangle on a larger degree...bounce from 145--148 zone was the sweet spot for buying the equities. In traditional analysis, C & E-Wave formed Double bottom....So, once D-Wave top@335 is taken out...SBIN will take 3rd Gear....A possible Thrust could be expected ....Up...Up..& Away.... On shorter version, it could...