Current rate-1352$ 21:05 Hrs--10th Aug 2016 Gold had an impulsive fall from 1364 $ recent swing high...we shall look for a bounce in the zone 1355--1360 $ Zone...Do not Hurry ...let it first come in that zone & any hint of slipping down shall be the step to take short in gold with recent high as stop. recent session low -1348$ --fall from top 1364$... ...
Tata Steel ---if breaks the channel...downside ...there is leakage ...so don't go long ....going longs will be advisable only above previous swing high@382.50....or if channels get broken downside then 360--362 can be the target zone... Go long if it starts moving above 382.50....but be careful...it could go till 384.50 --make double & fall....think with...
01:00 Hrs--IST--10th Aug 2016- --Gold Currently trading at 1346$--very close to 38.2% retracement of the fall from 1371.5 to 1335 $--Wave -1..........(20 $--Trade) Wave 2--Bounce was expected from 1335$ to 1348--1352$ --which is also done (10-15$ --Trade) This Wave 2- could be partial wave --I mean to say --I will take this as Wave-W....so........ Trading...
From Previous Update---"Tata Steel-Killer Top@34.50" ----Tata Steel...slips from 382--383...as expected ....to lose only 2 Rs as Risk with stop above 384.50--Our Killer Top.... It Indeed is favouring the idea of Killer Top.... Currently Runnning at 375...Current Low-374.30.....7 Rs Down....Bang On... Now Look Left & Trade Right....There is previous resistance...
Bang On...As per previous update---"Gold Futures--Looking to Melt...first push & Fall below 1355$".....in comment section...18:00 Hrs IST--8th Aug 2016----Gold Makes a low 1335$...we were looking for a bounce ---We got it....Gold Made a new session since yesterday at 1348.50$....which 38.2% retracement of the current fall...Once It starts going below 1340$---we...
Vow....Gold ....Below the channel break & 1355$ ...Look...Gold ...started melting....1335$ is the current rate & we got a fall of 20$.... Regards, Abhishek H.Singh, CMT
TS once starts going below the rising trendline & sustains below 376--377....It will confirm that It wants to go down...well ....There is a risky call as well but someone who can take the loss of amount equal to current high--384.50 & Above ---which is our killer top--they can take short between ...382--383...losing 2 Rs or gaining big...below 377--376 zone.... ...
Once GU crosses ...1.3091....Tiny Double Top...will confirm that GU....wants to move UP....till previous swing highs...1.3180--1.3200.... Regards, Abhishek H.Singh, CMT
L-S ( Long First Above 1.3091...Short Later Post 1.3020.....or in the zone 1.3180--1.3200.) GU made a low 1.3021--A fresh Low...I am looking for a corrective recovery in the zone 1.3182-0--1.3200... Trading Strategy-1: Going Above 1.3091...Longs could be taken for the target zone 1.3180--1.3200...Which will give us 90--100 pips.... Trading Strategy-2: ...
Well Time will let us know --whether it is killer top or double top.... Regards, Abhishek H.Singh, CMT
Just missed 390's...From the previous update--"Tata Steel--My Baby --Looking for 390's above 375"....As soon as it crossed 375...TS headed in the direction of 390's but fell short & made a top@384.50--which is similar top as on 6th May 2015-- "The Killer Top" The move from 199.70 -Sep 2015 low's to current highs till 384.50 was decent trending move--If at all TS...
Channel in EURUSD....exactly at 2nd Wave Top@1.1233........ Regards, Abhishek H.Singh, CMT
(L-S---Long First & Later Short) 1377.5 is the key level--from that top I have counted wave -1 & we are moving back to same level (current price-1367 $)... Currently, there is sideways movement..if recent swing high@1371.5$ is taken out - Gold will travel close to key level 1377$ - but make sure it should not go above 1377.5$ -otherwise its a violation of...
Tata Steel --is my baby..started my 1st report with this stock... L-S (Long First Above 375--Short Later in the zone 395--400) Tata Steel- when I picked this stock in Dec 2014..it was trading@435..As per my 1st report -I visualised that Tatasteel(TS) was forming a triangle since 2008 Fall- An elliotticians charm...4th Waves Triangle are wonders..I took short in...
GST--is one of the biggest reforms in this decade which India has witnessed as per Industry Veterans. GST- will it be a thumbs Up for comman man( with so many "comman" in GST--comman challans...comman accounting codes,etc) -where he will get rid of various taxes as compared to GST(Goods & Services Tax) as the only tax--I don't know -time only will let us know as...
(L-S....Long First & Short Later).....Bank Nifty could be a good example for polarity reversal. Bank Nifty could bounce from 18500-18525 zone if holds in that area for some time on 4th Aug 2016 session... two yellow arrows shown on left hand side could form hurdle in Bank Nifty's bounce --if it starts bouncing... Polarity Reversal---Support turns into resistance &...
The fall from 1.3364 recent swing high quiet impulsive....as per previous update"GBPUSD...Fall..Fall..Fall)--break of 1.3150 was our short call which has been activated....currently cable is doing sideways & should carry down once current low@1.3110 gets broken... It should carry atleast till the zone 1.3050--1.3060 -where it will face next hurdle in its larger...
Month Chart...Tata Steel....Go Baby Go for 400 above 375.... Regards, Abhishek H.Singh, CMT