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Old 13-08-2016, 11:23 PM
AbhishekHsingh AbhishekHsingh is offline
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Hi,

From the top 8730..I counted my 5 waves which seem to me --ending very close to trendline support as 3rd point & both combined gave me explosive rally of from 8540--8700 (my expectation)...I am an elliottician --so I always keep counting 1..2..1..2..3..4..5 & people laugh at me --saying -he has lost all his senses. Another, point-you have to be passionate & all cubes will fall in places.

Thanks & Regards,
Abhishek H.Singh,CMT (TradingView).
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Old 15-08-2016, 07:54 PM
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tangotaurian tangotaurian is offline
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Hi Abhishek!

I've tried plotting EW on Nifty Day and Hour chart. Mi feel the current pattern formed is still indicating bullish scenario and goin to hold higher levels for some more days/weeks.

Chart suggesting below conditions:
An impulse completed from 6826-7992 which could be wave A, decline 7992-7678 may be wave B and wave C is in progress from 7678. If A=C then Wave C projection coming at 8844.
However it seems inner waves are sub dividing...3, 4 done or again inner 5s are unfolding...m not clear on it.
If it is then C may get extended.

Day Chart:
http://prnt.sc/c5z061

Hour Chart:
http://prnt.sc/c5z0qi

Kindly look at it and share your thoughts...
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Old 16-08-2016, 11:02 AM
AbhishekHsingh AbhishekHsingh is offline
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Hi,

You could be correct but don't get stuck too much in counting waves...& sometimes use traditional analysis for execution of trades. yaa our key level as if now 8518-unless that gets broken we are not going down & likely to touch 8725--8750 zone.

Regards,
Abhishek
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Old 16-08-2016, 11:10 AM
AbhishekHsingh AbhishekHsingh is offline
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16th Aug2016

Tata Steel- Top is still missing(Look for 382.50--383.50)


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 Strategy- 2)Any Move Move above 384.50- One can look for the zone 389--390 & Above 390 ---target Zone shall be 398--400..

We shall now play for target zone 382.50--383.50...Wait for Market to give us signal for Trading Strategy-2




Regards,
Abhishek H.Singh,CMT
India Regional Manager
TradingView
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Old 16-08-2016, 04:56 PM
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15:22 Hrs-IST-16th Aug2016

Tata Steel- The Trump card



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
India Regional Manager
TradingView




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 Top from previous updates on Tata Steel. Kindly maintain stoploss below 373.

Going Above 384.50 -Kindly refer previous update.




Regards,
Abhishek H.Singh,CMT
India Regional Manager
TradingView

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Old 17-08-2016, 02:40 PM
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Tata Steel- Bang On above 384.50--Beautiful Bookish ElliottWave

Bang On. above 384.50 -Target 388-389 done as per previous update-"TataSteel- Top is still missing". from 24th June2016 low@296.30 - TataSteel has opened up in a beautiful bookish elliottwave. 3rd wave was 161.8% of 1st wave distance. 2nd wave retraced 61.8% of 1st wave. 4th wave retraced 23.6% of 3rd wave. 5th is currently running & I shall be looking for the zone 401-403 as the target zone where 5th wave will be equal in distance to 1st wave.

From previous updates- It was suggested that TataSteel going above 384.50 can be looked for target zone 388--389- Bang On.

Trading Strategy- Currently TS shall run into corrective pattern- our Invalidation level shall be 378. TS shall be looking for retracement in the zone 382-383 where it will complete 38.2% of the current rise before pushing one more time for the target zone 401-403.

Regards,
Abhishek H.Singh,CMT
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Old 17-08-2016, 04:45 PM
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17thAug 2016- 00:30 Hrs Midnight


Current Price- 2.615 - Global Natural Gas Price. Symbol- QG


Natural Gas staying Above 2.590 & Moving Above 20 period MA(shown by pink line) can take NG in the zone of 3.100 to 3.150 -previous swing high of XX -mark where it shall get resistance & if that level holds -then going back below 2.590. It shall start falling in an impulsive leg down.

Regards,
Abhishek H.Singh, CMT
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Old 18-08-2016, 01:42 PM
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18th AUg2016

12:40 Hrs-IST[/B]

[B]Tata Steel- H&S Pattern Activates ..Going Below 386


H&S Pattern gets activated once TS starts falling below 386... Giving us target of 379-380 as conservative target. Once Rising Trendline gets broken. Take Short only below 386- Key Level.

Regards,
Abhishek H.Singh,CMT
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Old 19-08-2016, 09:28 AM
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08:30 Hrs-IST-19thAug2016

Bank Nifty-Mini Top at 19370

There is a mini top in BN at 19367- Price was holding at that level. Any push above 19370 -Mini Top could take BN in the range of 19440-19450 -where next halt could be seen.

Regards,
Abhishek H.Singh,CMT
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Old 19-08-2016, 01:52 PM
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BankNifty- Bang On...Laxman Rekha Kissed@19450

12:50 Hrs-IST-19th Aug2016

Vow....Bank Nifty jumps 80 odd points from 19370 & Above to kiss our target zone 19440-19450 as per previous update-"Bank Nifty-Mini Top at 19370"

Regards,
Abhishek H.Singh, CMT
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