WaveTalks

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Parallel Channel Support + Important psychological level close @ 17000 - Can Bulls Come Back ? Holding above channel, Index can bounce to levels mentioned below Target 1 - 17300 Target 2 - 17450 Target 3 - 17620 Target 4 - 17690 Target 5 - 17800+ _______________________________________________________________ Last Idea - Ending Diagonal At 17795 - Fall...

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In old school method or traditional technical analysis pattern which rises & are messy in nature are called “wedge”. In Elliott Wave analysis we call it “Ending diagonal or Type-2 diagonal” which ends the current trend. Both terms imply the same thing – reversal ahead or next. Index has been in uptrend since key support 17260 which was suggested as Part -B...

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The leading diagonal or rising wedge or type-1 diagonal, is a narrowing price move composed of two converging trendlines. If bottom or lows of 16836 & 16866 holds then Index can push upside tomorrow on account of Budget 2022 ----------------------------------- Trading Strategy ----------------------------------- ----------------------------------- Part A -...

WaveTalks Updated 

Nifty Bounced 475 Points Approx. from the bottoms of 16840 & It was nice to capture few points in between as updated on last idea - Tata Steel / 26th Jan2022 - Markets Closed ---------------------------------- Trading Strategy --------------------------------- Pattern Invalidates above 17325 which is the stop loss Trigger comes below 17179 PRZ - Potential...

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Once Neckline is broken, H & S bookish target is the vertical distance from head top to the neckline & projected below. Thanks

05:43

WaveTalks Updated 

Short Term Video. Bullish Shark could be active in the zone 17575-17600 zone as per short term commentary done in the last idea. Upside - Index can retest 17650/17680 / 17750 / 17800-17835. If crosses above 17960 then Bulls will jump. Thanks

WaveTalks Updated 

Hello All, Index is doing all choppy moves between 18065 & 17800 zone ( which is ongoing or running). A possible assumption can be a falling wedge or ending diagonal. ---------------------------------------------------------- Markets don't work on assumptions ---------------------------------------------------------- As a trader, never assume any...

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Last Price - 17180 - 15:27 Hrs / 1st Dec2021 Sell Trade Invalidates Above 17215 ( Stop Loss - 17215) Downside Targets 1- 16935 2- 16800

WaveTalks Updated 

10:37 Hrs / 10th Nov.2021 Last @ 17947 Broke 18000-Psychological level. Short Term Trend is down. Next important Support zone -17875-17890 Harmonic PRZ (Potential Reversal Zone) -17875-17890 zone where bounce can be expected. Upside Channel Support - 17875-17890 zone Technically Trendline can be validated if Index drops to 17875-17890 zone & holds - if...

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Heading in the suggested direction & getting a close opportunity at 89.55 in April/May 2021 gave dollar bulls a better grip. Falling below 88-89 only will trigger the next downside move or it will touch the (a) - (c) trendline & finish (e) wave within the next higher degree wave-4. Thanks ...

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In the Harmonic pattern. The stock picked close to the '60s as per previous updates done in June-2020 & Dec-2020. Heading to key resistance -210 Next ------------------------------------------------------------------ Last Idea - Did you pick the stock at 60's ------------------------------------------------------------------

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Target done at 2900+ for Traditional Chart Patterns. The stock rallied 25% from the bottoms of 2400 since July 2021 in running Wave-5. What could be unfolding here in wave 5? Are you ready for the next move? ---------------------------------------------------------------------------------------------------- Last Idea - HDFC- WaveTalks- Pattern, Patience &...

WaveTalks Updated 

Hello All, Hope you all had a lovely festival last week. Index this morning had a small fall to 18015 levels which was close to prior resistance 18012. Our double bottom target of 18200 approx is pending from the last idea discussed on 1st Nov.2021 Trading Strategy- Intraday Index holding above 18010 can make an attempt for 18112 & Above 18200 + for upside...

WaveTalks Updated 

The index bounced from 17613 lows multiple times but the move not looking convincing so far on the upside. It has to cross above 17835 highs & hold above that key level for us to consider a bullish scenario else holding below 17800-17825 zone. The index may re-attempt 17613. If falls below 17613 then 17452 & only below 17452 - look for 17325 17325 - A - Wave...

WaveTalks Updated 

The fall from 18605 looks choppy & messy suggesting that the index could have finished a part of the corrective structure at 17799 lows @ 28th Oct2021 if holds above that level. Bulls & Bears will be locking their horns between 18605 high & 17799 low – a range of Approx of 800 points. --------------------------- Short Term Scenario -------------------------- ...

WaveTalks Updated 

--------------- Safe Traders --------------- Buy Above 39775 for Target - 40000 Sell Below 39515 for Target - 39340 / 39285 / 31100 ---------------- Risky Traders ---------------- Sell Close in 39650-39700 with strict stops above 37775 & Check Safe Traders Strategy Buy At Channel Bottom if Index stops at channel bottom considering the risk at your end. Thanks

WaveTalks

WaveTalks - Nifty: Channel Trading Strategy There are three (3) types of channels: 1. Ascending Channel (higher highs and higher lows) 2. Descending Channel (lower highs and lower lows) 3. Horizontal Channel (ranging) ------------------------- Ascending channel ------------------------- An Ascending channel is a pattern formed from two upward trendlines drawn...

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Bulls Yelling The Excitement- The Gap Strategy!!! When they come together, they are trying to tell you something. --------------------------------------------------------------------- 17950 – Critical Level: The Important Clue --------------------------------------------------------------------- From the last 2 ideas published at TradingView - Crossing above...