Wavozen

Wavozen Updated 

Complete sell off from 16680. Reason for short a) global negative sentiments. b) wave 3 mission confirmed for downside ... downside may be rapid. (usually down side should be slow technically, as covid fall is rapid, this geopolitical tension should be slow and steady fall). But it looks fall may be rapid. Anything can happen in this market. c) volume pressure as...

Wavozen

Reason for short side a) global geopolitical tensions and may continue until nifty touches the weekly 200 day ema for reversal. (14700 level crucial reversal pattern) b) M formation in weekly time frame indicates the reversal pattern ( There is another possibility of formation triple top, in-order to remove weaker retail traders). c)weekly harmonic pattern...

Wavozen Updated 

Reason for trading range. a) opening is between yesterday mid point and low. Hence there is a possibility of trading range with consolidation bias b) Big round number attraction of 16000 possible only, if nifty breaks yesterdays low c) 16500 is going to form a resistance, if it breaks high possibility of closing the gap. Daily time frame, nifty broken 5 month low...

Wavozen Updated 

Reason for long a) Bamm pattern for long b) fast move from 723 to 759 as it is bamm pattern and supported by volume c) RSI above 52; good support for long

Wavozen Updated 

Reason for long a) trendline support for long b) harmonic patter formation for reversal c) Short cover possibility Risky long as it is reversal play

Wavozen Updated 

Reason for long a) channel play b) risky penny stock. c)pin bar at lower tl d) volume burst

Wavozen

Reason for long a) channel breakout play b) pull back long c) volume play d) vwap price breakout

Wavozen Updated 

Reason for long a) first few hr possibility of sell off in order to close the gap. Nifty is opening gap up. b) Long possibility as it is opening above CPR c) long at the cpr with below cpr as SL.

Wavozen

Reason for long a) pin bar play b) volume spurt c) 2 bar reversal d) fundas good

Wavozen Updated 

Triangle breakout (TBO) long for reason a) TBO itself b) near to all time high breakout c) big bull candle and then doji type candle is powerful signal for long d)RSI strength is above 60

Wavozen

Reason for long a) 4 month consolidation breakout play b) wave 3 possibility or may consolidate another 3 months. Hence SL compulsory c) volume burst

Wavozen

Reason for long a) false low and pin bar formation b) volume support c) horizontal support play

Wavozen

Reason for long a) false high ... hence long b) support for long c) volume burst

Wavozen

Expiry day trade Time Premium value of Nifty 2X probability 2.00PM 20 40 2.30PM 15 30 2.50PM 5 10 3.00PM complete square off, irrespective of profit and loss Range pts 50 If range pts is 50, then ce, pe 50 points apart has 10 scenarios (S) of probability; considering the example of 17300 ce and 17400 pe (of long...

Wavozen Updated 

Reason for long a) channel breakout b) vmap breakout c) price may reverse little bit to shake out week hands (17300 touching possibility may not be ruled out); and then move towards 18000 d)duration month end

Wavozen Updated 

Reason for long a) today and friday .. movement expected to be in side ways with 250 pts (1.2% up and down) b) Cup and handle pattern .. need to wait for breakout and then pull back for long c) volume need to be observed carefully.

Wavozen

Reason for long a) flag breakout play b) vwap support for long c) mini wave 5 completion and so long d)

Wavozen

Reason for long a) Bull volume accumulation across the consolidation at higher level b) triangle breakout and pull back zone for long c) Near to all time high breakout