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...
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