BhavirThakkar

BhavirThakkar

running on its own with currency

BhavirThakkar

Another clean downtrend.

BhavirThakkar

Still weak with possibility of breakout failure and buying support below 100 - back to channel highs.

BhavirThakkar

Description on the chart .. one of the cleanest trends in 2016. Check out daily for more clues.

BhavirThakkar

Price action encouraging for an up move. Dollar - one of the strongest currency against any pair at the moment (except JPY) .. or shall I say the least weak of all weakening currencies? As for the price action, there is room up to the previous resistance @ 100

BhavirThakkar

Consolidation continues in crude above 200SMA However be mindful of descending triangle too (formed in June)

BhavirThakkar

Monitor BOF or BPB setup

BhavirThakkar

Monitor at resistance zone, will it break this time?

BhavirThakkar Updated 

Buyers @ 150?

BhavirThakkar Updated 

5 waves down followed by 1 or A wave ... look for its correction to ride 2 or B up again

BhavirThakkar

Breakout pull back Long - stop recent swing low

BhavirThakkar

Description on chart. Awaiting retracement of last 4 months of upmove

BhavirThakkar Updated 

Wave (3) targets described in chart as per fibonacci ratios of wave (3) internals .. Look for a healthy rally in wave (4)

BhavirThakkar

Out of consolidation and ready for next move up

BhavirThakkar

ABC on weekly?

BhavirThakkar

If this count plays out then A=C would target previous resistance area @ 1150 which should act as support. Of course short term oversold conditions can lead to a bounce.

BhavirThakkar

Price structure is clearly week and making new lows. This pattern should NOT be viewed as a down side target for Nifty .. but if price reaches point D, then it would be good risk reward setup for Longs. Price point D is also particularly attractive as it marks post election result June 2014 high and a cluster of prior resistances in that zone. For short term...

BhavirThakkar

Sub waves of wave 5 of wave C .. ending with strong Bullish Engulfing on back of poor results! Do NOT neglect price action here! Risk:Reward doesn't get better than this, does it? :)