Tata Steel Elliot wave & WOLFE WAVE PATTERN

So as per our previous post onto Tata Steel it finally touched our tgt of 260 and made a high of 266,we recommended to initiate longs around 216-218 lvls as on post dated 14/11/2015.

Going forward we are having a formation of WOLFE WAVE PATTERN(these pattern are very strong pattern which are very common in Professional Trading Community) in Tata Steel if 266 lvl is not breached onto closing this Trade Setup Can Really hammer the stock down to lower lvl 245-240.

  

nifty elliot wave analysis

HEY FIRST OF ALL A VERY HAPPY NEW YEAR 2016 TO ALL.

As per our previous post Nifty(spot) managed to give us a closing above 7860 as of now market structure does not looks convincing for an quick up move the volumes are really shallow we are to have some kind of directional move after 4th jan 2016 onward till then it will be trading in range of say 150-200pts i.e 7800-8000 now if (spot) nifty makes a closing above 7985 then that will be the first indication of bulls overpowering the bears, so for all shorts stp is 7985.

Going forward we still maintain markets to face resistance 7928/7946/7970

shorts can be initiated with strict stp 7985

Nifty Elliot Wave & Gann Analysis

As mentioned onto the previous post we were looking for support for Nifty (spot) @ 7540/7470/7348 Nifty Made low of 7551 and gave a superb Rally of 300pts from there on.

Going Forward it seems like Nifty is developing an ED out of which wave 4 seems to be completed and if 7860 is not taken out we can have this down move upto 7500 lvl ,A minor support Exist around 7710-7700 lvl.  

Nifty Elliot Wave & Gann Analysis

Ahhh the Markets were Hammered Brutally by the Bears after our warning for Impending Trend Reversal in Nifty which has already fallen more than 350pts!!! with fierce down move,

Going Forward we have support @ 7540-7470-7348 for the completion of this down move and time cycle which can lend support begins from 18th Dec-22 Dec (+3days-3days) 

Tata Steel Elliot Wave Analysis

As per our last update for Tata Steel it was mentioned to go long & the stock outperformed the broader Markets, the stock is up 12% since our update, going forward we still maintain our 

Initial Tgt 260.

Gold Elliot Wave Analysis

As per repeated calls & mails for having scenario update towards Gold(mcx) this is my analysis towards the same,As of now it looks like WAVE C completed and we can have a rally towards 25850-26175 

If support @ 24880-24815 is held. 

Nifty Elliot Wave Analysis

As per the lvl mentioned onto our previous post Nifty struggling to close above 7960,

As per the Market Structure it looks like (leading Diagnol) we are going to have a Trend Reversal from the Resistance lvl.

Resistance Stands @7960-8015-8040

Nifty Elliot Wave Analysis

Wow Bingo we went long right at the bottom,as mentioned onto the previous post we were looking for support to emerge around 7710-7680 lvl for a min. tgt of 7960 which was achieved on 27/11/2015

Now going forward we have to watch if Nifty(spot)able to sustain itself above 7960 then we can have a rally on the cards 8015-8040lvl should make resistance for this upmove.

Nifty Elliot Wave Analysis

Nifty took our support lvl of 7840-7815 we suffered a loss of 55pts,But as of now Nifty appears to be at crucial juncture which Charts are suggesting that a bottom is likely to emerge between 

7723-7710-7675 keeping these lvl's in mind Long can be initiated stp @ 7675 (closing SPOT) 

This becomes the best part about Elliot Wave Principle since it acts like a torch in the dark and shows us the way forward which indeed becomes really helpful in gauging the Market Strength and Weakness,as of now it is suggesting to be bold enough to go and take positions on the long side rather being onto the short side of the Markets.

Tata Steel Technical Analysis

Tata Steel looks like forming a bottom we are looking for long opportunity for the tgt 260.

Stop Loss 210(closing basis)

Nifty Elliot Wave Analysis

As Mentioned in the last post 18/10/2015 we were looking for shorting opportunities around 8344-8378 Nifty made High at 8336 and fell sharply.

Now going forward we have a support approaching around 

7840-7815 for quick pull back.

Nifty Elliot Wave Analysis

As mentioned on the blog 06/10/2015 nifty respected our Resistance zone 

of 8210-8255 and gave 125 to 150pts last week.

Going Forward If Nifty(spot) surpasses 8255 on closing basis look out for 

Resistance Zone @ 8344-8378

Nifty Elliot Wave Analysis

As of now we have a very interesting Price Structure within Wave 4 we are about to complete Wave (c) and looking for shorting opportunities resistance comes @ 8210-8255 for quick gains on the downside of atleast 150-250pts.

Risk/Reward 1:3  

Nifty Elliot Wave Analysis

We Nailed the top once again its just outstanding,as it was mentioned on the 20 Sep post Nifty did not manage to give us closing above the 8000lvl and collapsed thereon almost 300pts!!!

This kind of precision is only possible by Reading the Markets with the help of Elliot Wave Principle

Once you put in the effort to read and apply the rules of the principle, 

YOU BECOME ABSOLUTELY IN SYNC WITH THE MARKETS 

the rewards are humongous and the desire of 

"BEING RIGHT with MAKING MONEY" 

becomes A self-fulfilling prophecy.

I mean you catch the minutest of the moves in the market by putting in the time and once the principle is learned then it can be APPLIED EFFORTLESSLY. 

As per now we have support for the markets @ 7355-7382 if held we can have a bounce back or if we break the lvl's then we are headed for 7100

TIME WISE WE HAVE A CYCLE APPROACHING BETWEEN 25th-30th SEP
AND THE SECOND TIME CYCLE AT 2nd-10th NOV

Nifty Elliot Wave Analysis

As mentioned onto the previous post nifty did achieve our both tgt 

On friday it traded above 8000 lvl but could not close above the same 

As of now Wave 4 is looking completed and down move should start.

If closing above 8000(nifty spot) Exit Shorts

will look for shorting opportunities around 8080/8200

Nifty Elliot Wave Analysis

Nifty rewarded us with swift recovery which was mentioned on the previous post

WE achived our frst tgt 7856 now 2nd tgt 7911 should be achived this week

Now for the comming week we have STIFF RESISTANCE AT 7950-7982

CAN Create Shorts around the same level for 150-200pts profit

Stp 8000 nifty spot (closing)

Elliot wave Analysis Nifty WE NAILED THE TOP!!!

WE NAILED THE TOP AS IT WAS MENTIONED ONTO THE PREVIOUS POST ON THE BLOG NIFTY FELL ALMOST 450PTS FROM THE PROJECTED TOP.

With the help of elliot wave analysis moves like these becomes clear.

FOR THE COMMING WEEK

As per the current structure we are very close onto completion of wave (v)3 downside with this structure getting completed we will be completing our wave 3 and wave 4 upside to start soon enough.

The support stands at 7555/7510 and tgt 7856/7911 

ELLIOT WAVE ANALYSIS NICKLE WAVE 1-5 COMPLETED BRACE FOR UPMOVE!!!

Nickle has completed wave 1-5 pattern on downside we are looking for longs to be initiated with strict stp 620 tgt 740/782

Nifty Elliot Wave Analysis

As it was already mentioned onto the previous post we had a fantastic run-up

From the lows of 25/08/2015 from 7667 to 8091.Now that's 400pts Rally Right Bang on !!!

As per chart pattern now it suggest the wave iv will most probably Fizzzle out MAXX by Monday 31/08/2015

After which we will have retest of the lows.

Shorts Can Be Initiated Strict Stp loss 8110 (Nifty Spot)

Nifty Elliot Wave

Its Market Mayhem nowhere to hide,CASH IS KING so open your Purse and go shopping when the time arrives as of my last post on 23/08/2015 i mentioned 8060 for nifty support since it was taken like a piece of CAKE!!!We Still have the road map moving forward right now markets are in tandem with international markets & lot of gung hoo with blame games for china pulling the 

trigger and bla bla...etc 

With the help of Elliot Wave Theory we can make the odds in our favour moving forward we are having termination of BIG WAVE C also hopefully end of WAVE 4 tgt/cluster zones

The Cluster Zones are :-

1st 7525-7470

2nd 7233-7144

Time Cycle giving a sharp short term reversal on 25-28th august

 I would like to take the opportunity here with all of you i am expecting a 

BIG RALLY AFTER THE DUST SETTLES DOWN for WAVE 5th UP,

And I am very sure the Markets wont disappoint me even this TIME as like in past.

In times like these we have to be patient enough for being in the right side of the Markets

Nifty Elliot Wave Analysis

As it was mentioned in the previous post that Nifty Would face stiff Resistance at 8565-8565 lvl it did face a lot of selling pressure as it tried to crawl upwards our all 3 tgt of 8280-8250-8228 were met with in 2 days as of now nifty has meaningful support at 8060 lvl from where a bounce can be expected,otherwise more fall likely if 8060 is not held onto closing basis.

Crude Oil Elliot Wave Analysis

As per my last post it was advised to go long in Crude only if trades above 2995 as suggested you all know it hit high of 2989 and was again back on the journey down 

http://tradingwithabi.blogspot.in/2015/08/crude-looks-like-have-taken-many-of-us.html

As of this writing i am seeing the downward momentum in Crude Oil diminishing and we again have the very good trade setup according to the Elliot Wave(Price Pattern) As Wave 1 to 5 pattern is coming to an end with wave 5th being E.D(ending diagnol) & Gann(Time Cycle) which is indicating the potential Reversal is Imminent the low(2732) might me place for medium term uptrend OR 

Else we have a cluster of 

Massive Support Zone around 2730-2670 on the charts.

A Trade Can Be initiated on the long side above 2802 Keeping Tight Stop of 2670 closing basis 

TGT 3040/3180/3228

Nifty Elliot Wave Analysis

As per my previous analysis nifty couldn't give us closing above 8590 and it rewarded us Handsomely Markets did respected our lvl and gave us down moves of 300/250 pts Twice.
You can refer back to my post for the same 

As Per Elliot Wave analysis of Intraday (hourly) Market Chart we are all set for the fall for 
WAVE 3 to emerge upto 8280-8250-8228 
The stiff resistance lays @ 8555-8565 
So trade can be initiated for small stop of 35pts and have tgt atleast 100-150pts
Risk/Reward 1:3

Now we are at a very CRUCIAL JUNCTURE in Nifty & Again need the Road-Map for future Direction with the help of Elliot Wave Analysis we can full-fill it most of the time.

IF Nifty Manages to close above 8600lvl (alternate count scenerio)

As Per My Latest Analysis of Price Action:-

After today's move 14/08/2015 a very high probability has come to the picture that we ended with

(e wave)in B(Triangle)  now ON-Starting with Wave C for which we can Travel upto 8870-8970

This analysis will hold true if NIFTY manages to hold ABOVE 8600.

In Times like these one has to be patient enough for the outcome we should be waiting before pulling the trigger will watch the PRICE ACTION FOR THE COMING WEEK WHICH WILL DEFINITELY GIVE US MORE CLARITY & LOOK FOR BREAKOUT FROM THE TRIANGLE, LEVEL TO WATCH OUT IS 8600 ONTO CLOSING BASIS FOR NIFTY SPOT IF HAVING A CLOSING ABOVE THIS IN NEXT WEEK WE ARE HEADING FOR ABOVE MENTIONED LEVELS.

CRUDE LOOKS LIKE HAVE TAKEN MANY OF US BY SURPRISE!!!STOP LOSS CUT

But according to my knowledge of the financial markets once something like this pattern appears on the chart embrace yourself to take the trade again onto the sides which is of LEAST RESISTANCE.

Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct.

 In other words, don’t be an impatient trader(JESSE LIVERMORE)

THE DAILY ACTION PERFECT 

CANDLESTICK REVERSAL PATTERN (MORNING STAR)TAKEN OUT !!!

BUT ELLIOT WAVE PATTERN SUGGESTING A DIFFERENT BALL GAME ALTOGETHER

I AM DEFINITELY LOOKING FOR A REVERSAL ON CRUDE JUST WAITING FOR THE RIGHT MOMENT TO SEIZE THE OPPORTUNITY(when knowledge meets chance) 

For u all folks once it trade above 2995 

get back in with keeping low of day as stop loss point.

Nifty Ripe For correction elliot wave pattern suggest will REACH 8228 !!!

Nifty(spot) has stiff resistance around 8530-8590 area 

Also we had a breakout from the classical wedge chart pattern

Elliot wave Pattern also suggest the correction can be ferocious moving forward from here.

Shorts are advised with S.L being 8590(spot)closing basis.

Risk/Reward 1:3

Tgt 8228

CRUDE NEAR VERY GOOD SUPPORT LVL

CRUDE OIL BOTTOM SHOULD BE IN PLACE WITHIN NEXT 2-3 DAYS AS OF POSTING ONTO THE BLOG CAN GO LONG FOR TGT 3440/3510

WE ARE EXPECTING A REVERSAL FROM HERE

Its Fantastic Be ready for Wave C Fiery Down!!!

As it was already updated onto the blog way back on july 1st the cluster zone of 8650-8680 for completion of 1-5 elliot wave pattern nifty exactly did the very same the exact high was 

8654 BINGO TOP.

now we again have the roadmap for the next move to come up the mid term trend is down

and support exist as follows 8215-8040-7920 

Nifty Almost on the verge of completing 1-5 wave!!!DOWNMOVE TO START

GET READY FOR THE DOWNMOVE AS WE ARE APPROACHING RESISTANCE CLUSTER ZONE OF 8495-8530.

CAN GO SHORT WITH SL 8530 ON CLOSING BASIS 

THE NEXT CLUSTER ZONE WILL BE 8650-8680

Zinc completed 1-5 on downside Looks Like will ZOOM to Kiss 138/142 very soon

zinc has completed 1-5 pattern on the downside a dead cat bounce is on the cards upto 138/142

do go short there for tgt of 122/115

NATURAL GAS ACHIEVED 1ST TGT NATURALLYYYY!!!

NATURAL GAS ON FIREEE!!!1ST TGT TAKEN IN MATTER OF 3 DAYS NOW WAIT FOR TGT2 OF 198 VERY SOON TO BE ACHIEVED!!!

Copper Looks Good For Longs !!!

Copper is Compelling Buy with Sl 380.5 tgt 395/402 also need to remember this is WAVE B up and it becomes BEST TRADE TO GO SHORT @ 400 ODD LEVELS FOR FIRCE WAVE C AND MAKE 100 PTS ON THE WAY DOWN TGT 300 ON THE CARDS.

Natural Gas LOOKING promising for upside

If 164 is held firmly will move upside to touch 185/198/210 in a very short span of time

Nifty upside capped @ 8512-8630 then free fall !!

nifty upside potential is minimum in june series maxx @ 8515-8630 then freefall of 1000pts to begin which would take nifty to 7500lvl 

CLEAN ABC EMERGING IN ZINC

CAN GO SHORT WITH KEEPING STP OF 148.20 TGT 136-133

8550 should hold for nifty and big upmove comming

Nifty should hold 8550 upmove is likely tgt 8925

CRUDE Looking Fiery!!! Correction completed BIG UPMOVE ON THE CARDS IF 2600 HELD

go long with crude sl 2595 tgt 3119/3235/3376

THE UPMOVE WILL BE FIREYYY!!!

BANK NIFTYY OHH MY GOD BULLSS R @ DOOOR !!! SHARP UPTREND IF BREAKOUT SUSTAINSSSS

BULLS ARE AT THE DOOR!!!

 GO LONG BANKNIFTY SL 18715 TGT 20700

Natural GAS LOOKS GOOD FOR LONGS!!!

NATURAL GAS LOOKS COMPLETED WAVE B NOW READY FOR WAVE C UPMOVE 

SL 165 TGT 196/215/225

Nifty at Crucial Juncture!!!

POINTS TO BE NOTED:-

1.WAVE 4 CAN BE FLAT OR TRIANGLE

2.WAVE 5 TGT CAPPED 9220-9350

3.LONGS CAN BE INITIATED STP 8485

NIFTY SPOT HAVING HEAVY SUPPORT @ 8700-8725

ACCORDING TO THE PATTERN WE ARE DEVELOPING E.D AND I AM EXPECTING A MAJOR TREND REVERSAL AFTER COMPLETION OF THE PATTERN AND AS OF NOW IF 

SUPPORT AREA OF 8700-8725 IS HELD BY BULLS THEN LAST RALLY IS ON THE WAY 

DO NOT GET SWAYED AWAY WITH THE MOVE ON THE UPSIDE ONCE THE TOP OF 9119 GETS BROKEN SELL EVERYTHING POSSIBLE I AM EXPECTING A FALL OF 1500PTS!!!

IF LOWER LVLS ARE HELD 8820-8800 THEN REVERSAL OF 200PTS ON THE CARDS

LOOKING GOOD TO GO LONG STRICT STP BELOW 8780 TGT 9000

silver good support @ 35000-34500

looks like we will have short term bottom in place @ 34500 lvl for quick reversal upto 37000

HOPE YOU ENJOYED THE CRASH IN BANKNIFTY SINGLE DAY 1000PTS

NOW ITS TIME TO ANALYZE NIFTY I THINK IT HAS GOOD POTENTIAL TO TAKE THE HIGH @ 9119 BUT WILL LIKE TO ADVISE EVERYBODY BE VERY CAUTIOUS THIS TIME AS THIS WILL BE THE LAST OPPORTUNITY TO SELL YOUR ALL LONGS & PROFESSIONAL'S TO GO SHORT IN NIFTY FOR A MAJOR REVERSAL IN TREND.