Crude Cypher

Crude in a formation of Cypher pattern

If 3725 not broken than we can see 3555 below levels soon

Maruti Again

Maruti looks like completing wave B from its lows of 4760

A move past 5350 will need recalculate the whole

But if honoured than we may see sub 4700 soon

Nifty 5-0 Bearish

After completion of a Shark pattern Nifty rises nearly 150++.

 But there it again forming a Crucial 5-0 bearish pattern, which is a normal 50% retracement of Shark pattern.

But its a trend continuation pattern & if this works than we can visit Nifty sub 7900 levels again

Ceat

Ceat has completed a Ending diagonal pattern at today low.

If 1050 holds now than we can witness a swift upmove in near future in this script

1285 immidiate target above  which it can move till 1370+++ too.

Nifty Cypher Pattern

Nifty today completed the Cypher pattern

Now immidiate upside capped at 8056

above it closing nxt big move coming near 8370

Let Nifty holds first todays low

Bank Nifty Wolf wave

Bankex formed a wolf wave in smaller time frame

Any move above 17925 can bring a good short covering rally till 18200 around

Nifty future

Nifty future forming a Cypher pattern

Sell on rise for the pattern D leg.

VEDL

Have posted Vedl pattern few days back which is failed above 235

Now today posting another pattern as per fresh counts

Vedl has forming a Cypher pattern

This will invalid above 250

Downside remain same at 175 around level.

Posting for learning purpose only

Nifty update

Nifty looks like completing a 5 wave upmove.

8262-8318 is the completion zone of this upmove.

VEDL

VEDL another script which completes its Wave-5

Now a ABC correction under going which can move this beast towards 177 levels.

A Gartley pattern in Formation which can take it down trend

Above 235 this pattern invalid

Hindalco

Hindalco forming a Cypher pattern

If 186 not broken than may visit sub 150 levels again.

Based on irregular correction at Top

Nifty Update

Nifty may be forming this ending diagonal

Chart is mine but counts idea are of friend Alex

Posting for Learning purpose only

This invalid above 8257

 

Nifty ABCD pattern

Nifty completed a ABCD pattern at 7915 level

now if 7860 holds than we may witness a good rebound.

Copper

Copper forming multiple wolf waves

immediate target 375 around

Sell on rise

Nifty Pattern

Nifty after a massive fall recovery & again down in impulse way.

After such Zigzag updown Nifty is under making a Bearish Gartley pattern.

Till now wave C down is running & if  last low of 8002 holds than we can visit 8700 again.

Nifty Update

Nifty after a dip till 8000 yesterday hit a high at 8599

today again due to internal monetary problems fall till 8392

Now here coming for wave counts

Nifty completed yesterday wave-3 at 8599 from the lows of 8502 which is 1.23% only

As per EW rules it is short in nature

Considering this down move as wave-4 till 8333 holds for the fast & furious last upmove which may bring Nifty till 8690-8800 range

These are rough calculations only & will keep 8333 Strict sl for all longs holding at present.

Sun Pharma

Sun pharma yesterday strong bounce back with Volumes.

Sun pharma forming a wolf wave in which wave 5 done at yesterday low

A move above 695 will active this Wolf for 810+++ level.

But strong congestion in 688-735 zone

if this zone crossed with volumes & sustained than a clear uptrend for the above levels

Nifty update

Nifty looks like in wave-4

Resisted at last support of 8540 twice

Any move below 8480 invites good sell off in Index.


Bankex too looks in wave-4

If 19600 fut not broken than a move below recent low possible

No chart today as all are manual calculations

Nifty Update

After decent fall last week Nifty now attempting a rise,

next resistance coming at 8592 around

Keep long till 8430 holds on down side....

Bank Nifty

Bank Nifty on Hourly chart forming a Gartley Pattern.

Its a pattern in Formation so not 100% sure of its success.

But still a Good & nice pattern in making

If recent lows of 18900 saved than we can expect 20000+++ again in Bankex

Larsen

L & T

A wolf wave in making...

On daily chart its in consolidation mode for more upside,

but it needs to come down first,

Trading a Wolf wave in formation.

Wave-4 already done at 1521 looks like & wave-5 may bring it down till 1400 below levels.

keeping a sl above recent high of 1521 on Hourly closing basis.

A good risk reward trade setup.

Maruti another chart

Posting one more chart of MARUTI.

A fall can be near by soon.

A gartley in RSI which is the biggest reversal pattern.

all details on char.

Maruti

Maruti

Yesterday posted good results but Price fells after result.

Maruti completed a ABCD pattern at 5950 around

Now looks like a short term top done in this giant.

Till 6050 saved can say a move below yesterday low is possible

IDEA

Idea

looks like ready to move up

Posting 2 Charts

1. 4 hourly which shows script ready to fly with support from RSI too.

2. Hourly chart which indicates a Gartley pattern can confirm a spurt in this.

Long here & add nxt near 74 with a SL below recent low.

Nifty & Banknifty update

Posted charts of both index few days back with trade plan on it.

Now posting updated charts of both as some levels are voilated in both index.

Still view is bearish

Spot Chart now

Tata Steel
A Wolf wave completed in it

Shorting opportunity below 422 along with RSI confirmation yields good trade setup.

Holding period may be 1.5-2 months for 355 around level

Once triggered than hold with recent high.

For entry a bar opening below trendline is essential

Nifty & Bank Nifty Charts & Trades

After a good run up from bottom both index now at resistance zone

So attempting a Low risk high reward trades here.

Levels are posted in Charts itself along with reason to enter a trade.

All fut rates & charts

Nifty & Bank Nifty Charts & Trades

After a good run up from bottom both index now at resistance zone

So attempting a Low risk high reward trades here.

Levels are posted in Charts itself along with reason to enter a trade.

All fut rates & charts

Nifty Update

Nifty till now 8505

Trading in same diagonal since last posted.

Today gap up & now at 8590

Now wave counts showing 2 pictures

Nifty might be in ABC waves in which we are in wave C which minimum expectation coming at 8470 which is still pending.

Another one is Nifty down in 5 waves from 8806 which is Beginning of WaveC
 Till now yesterday move looks like wave iii completed at 8505 & wave iv running of a complex correction which must not break 8625 in any case to get the counts right.

Projection of wave v coming at 8479-8443 which might hit by Thursday or Nxt Monday..

TechM a nice setup formed

A  bullish ABCD pattern completed on Daily time frame

Now 417 must hold for upside

immediate resistance at 450 now

All future rates

Auro Pharma

Chart showing completion of wave-3 done at 882

Wave-4 running which can touch trendline support at 800 around

Wave-4 in ABC form in which wave-A done 882 to 785

Wave-B completed in a irregular correction pattern at 899

Wave-C running since which must break below 785 sooner or later

Bank Nifty 

 

Bankex falling in a diagonal shape in 5 waves since its recent Top from 20575.

Expecting 18877/18622 to completes its last wave-5

Unless otherwise it not crossing 19813 

All are spot levels

Nifty showing a new pattern

A down move in Diagonal shape

I cant say its a Flag but more similarities with Diagonal pattern

It may be a Broadening wedge or Gramophone pattern

What I am getting is a 5 wave down move with wave-4 completed at 8806

And Projection of Wave-5 coming at 8480-8393 range

Here waves are overlapping which is nature of Diagonal pattern

About Blog

This Blog is for my trading journal

Here I will share Charts & Trade setups for learning purpose.

There will be detailed description of each & every trade under taken on what basis

My trades mostly based on Harmonics & Classic chart patterns along with Gann levels & wave patterns.

Hope few of traders will like this initiative of mine

Lead
A Inverted Head & Shoulder in Formation

If 133 saved than can go for 127.7-123 on down side

A Very Good Risk to Reward ratio