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...
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...