WaveTalks

WaveTalks Updated 

As per previous short term analysis...I guessed it again that we have running triangle...w hich will explode on upside-our conservative target of 8160 is reached. Let us be careful as this whole leg which started at 7717 can be retraced deep so be ready for the show. Going below 8125 & 8114 ....Bulls ...Please pack your bags..& go home & relax...its our turn...

WaveTalks

Exploded from 8120--8162 in few minutes....That is the power of the running triangle.....Reached very important resistance ...I guess if we move below 8125..bulls pack your bag....

WaveTalks Updated 

Rising Trendline from 8114 is key level....If Index touches 8120--8128 ...& crosses 8140...we should get super sonic wave upside ....strict stop below 8113 & one should execute only above 8140....Target could be 8150

WaveTalks Updated 

In longer term chart-we shall look for 1.9300 as a target with strong Support zone 1.8988--1.9000...Any close below that zone..all longs should be closed --If that zone is intact look for immediate target 1.9300 . Regards, Abhishek

WaveTalks

With Stop below 1.8988-- GBPCAD looks for a bounce from strong support 1.9000 --1.8980 zone.. There is a flag structure. If pair goes above pole high 1.9060..we shall have conservative target of 1.9095 ..Regards, Abhishek

WaveTalks Updated 

Rectangular Box can be used as prices shaping like a rectangle...Important lesson.. If RSI is above 70 which is overbought level ...that doesn't mean that you will take short...Momentum Indicators can remain in overbought zone & price will keep extending...India Nifty since 26th May opening has been moving into consolidation... copy the rectangle shape above its...

WaveTalks Updated 

Momentum Indicators are slowing down...we have finished extended 3rd wave in the zone 7860--7870...Avoid long positions or close all your longs....Whenever we have extended waves Index could crash.....

WaveTalks Updated 

Global Update The Dow Jones Industrial Average surged Tuesday as a rally in financial and technology shares underpinned a sharp, broad-based stock-market advance. The Dow Jones Industrial Average DJIA, +1.23% added 206 points, or 1.2%, to 17,698. All 30 of the blue-chip’s components traded higher, led by financial firms The S&P 500 index SPX, +1.32% climbed 25...

WaveTalks

The way pair is falling post wedge shaped pattern gives an impression that rally which started from 1.2460 can come to end at recent high@1.3188...Once pair starts moving below or overlaps 1.3015 this whole rally which I was thinking an upside move shall change into corrective rally ... Exit all longs & start planning to sell on rallies in coming days. Traders...

WaveTalks Updated 

India Nifty@24th May 2016- 7680 is key level for the market 7890 will be important resistance for the market & any break of falling channel & sustaining above the same shall open any bullish opportunity. Till the time falling channel is holding good we shall avoid taking long positions- having said that there could be short term bounce to the zone 7750—7775...

WaveTalks Updated 

Index opened gap up very close to 7800. We shall hold 7745—7750 as important support zone. Aggressive Traders Any push above 7790 shall take index close to 7840-7850 as our intraday target zone with strict stop loss below 7745. Safe Traders Once Index moves above 7813 which was resistance for triangle on 20th May 2016- shall give us same output as...

WaveTalks Updated 

India Nifty@23rd May 2016- Reaching close to 7680 – A key level If Index moves below 7745- it could get support in the range 7705-7715 & going below 7700- it can touch 7680-90 which is key level for the market. Once we breach 7680- Index will confirm that it has started downtrend move. I shall be looking for the zones mentioned above as support zones where a...

WaveTalks

[bAs expected thrust is done only with minor change that triangle turned into ascending triangle-which is usually bullish but I was very clear that we are bearish atleast till 7750--7755. This is a beautiful picture which goes in my diary....Kindly load the bars & check yourself as per update- India Nifty-Expect a thrust till 7750. We reached 7750 & extended as...

WaveTalks Updated 

11:00 Hrs Update There is a triangle forming in red wave iv- so taking time as it is consolidation ..we shall expect downside thrust & target 7750-7755 intraday with stop@7838. This will achieve equality with yellow wave -i. 7750 can work as support-in that case we will see bounce back. Current Price - 7795

WaveTalks Updated 

India Nifty- Spending lot of time in the zone 7800—7900 – Worry Factor Good Morning! 06:30 Hrs Update-19th May 2016 As per previous update, 7840 was crucial level & as soon as we moved above 7840- we went close to our Intraday Target zone 7890-7900 & made a high very close@7882 (As per aggressive trading strategy). Spending lot of time in the zone 7800-7900...

WaveTalks

USDCAD has been moving up & entered into 1.3000 zone. we shall now trail our stop to 1.2949. currently we are 250 pips up from the zone 1.2785--1.2810 as suggested in previous update-"Don't miss the pull back"

WaveTalks Updated 

Good Morning! 11:00 Hrs Update(18th May 2016) Nifty Index- 7770 shall be important swing low for the market Momentum Indicators slowing down at lower time frames & Index is yet again in the crucial zone 7800--7820. As per hourly chart, 7770 is key level for the market & has been important level for us since March-April 2016. Agressive Bulls Can take...

WaveTalks

Bang On....the zone mentioned 1.2785-1.2810 ...gave good support to the pair. It made a low@1.2771 & jumped exactly to 1.2882-first resistance. Agressive traders should book at current resistance & build new longs above 1.2880... This is first set 80-90 pips to those who took risk. take rest & join bull camp once pair starts moving above 1.2880 again.