Divergensity

Divergensity

Nasdaq is going to probably make a move down retesting the recent lows and then it could move up. This current 60 min up move may not be the breakout yet and I think we are still in a complex correction. I expect a move down in the 60 and then a move up to go beyond the recent 240 highs.

Divergensity

The Index seems to have finished the B wave of the 3 wave ABC corrective pattern. It is highly likely that the index will now make a C wave, going down to retest the levels close to A. Once this correction is done, it could continue to move up. In the short term, I am looking at the index making one move down from the current levels.

Divergensity

EURINR is probably in a complex corrective structure and looking at the pattern,there is a high probability of an Up move to happen somewhere from these levels taking the pair back to 80 levels. It could straight away breakout and move or make a lower low on the 1 hour before the move. The risk reward too seems to be in favor of Buys. Confirmation awaited.

Divergensity

Bank Nifty is at its highs and there's a possible sell setup forming there. The risk reward seems to be in favor of short positions than for long positions. My view is a downside- either for a deeper pull back or for a major correction to the downside. Either ways, I am looking more at the market going down than inching up.

Divergensity

Looks like Litecoin is now consolidating after a breakout. Its likely to finish the consolidation by making one down move first and then move Up. The near term trend is still Up side, however buying it when it comes down to the most recent low seems to be prudent.

Divergensity

Looking at the Daily time frame, it is highly probable that Vedanta is now entering the B wave of the ABC pattern. It is expected to ultimately test the recent high's of the A wave. Since this is a B wave, I expect to see a lot of consolidation along the way, it could be a slow and stretched move to the top. I would advise caution if selling coz the downward...

Divergensity

Nikkei is now continuing what seems to be the second half of the possible wave C. I am assuming that Nikkei is in a weekly 'Running Flat' pattern, where the C has already started. The last few days was the consolidation for the continuation to the down side. It looks highly likely that Nikkei will go down and make a lower low on the daily . Would it have an...

Divergensity

I have noticed an alternative pattern in ONGC. This could play out if the previous major patter was an ending diagonal. In the current pattern it is possible that ONGC has finished the B wave of the ABC and is now due for a C wave which should complete @ 150 kinda levels. A breakout to the lower side would confirm the continuation of the C wave and this seems to...

Divergensity

Raymond could possibly head higher to retest the previous highs once it finishes the consolidation pattern that it is in currently. A lower entry, close the recent low could be a great entry for a good risk/ reward. As always, Wait till confirmation, patiently.

Divergensity

NMDC could retest its weekly lows before any upward moves. The recent move has been fast and long so there's a high probability that this will see a pull back/ correction. If we get that pullback, the risk reward could be favorable for a shorting opportunity. There is also a possibility that the price will shoot down to retest the weekly lows without a correction...

Divergensity

Silver is most likely in the B wave of the ABC Flat pattern. It looks like there's a bit of down side left to complete the B wave before it makes the up move. Selling at this point could be avoided coz there's not much reward given the risk and I think its prudent to let silver finish the down move first and then start looking for buying opportunities.

Divergensity

NIIT has completed the Flat pattern ABC. The recent up move seems to be in a consolidation phase. Once the consolidation to the downside is finished, the next move could continue to be up wards and it will most likely make a higher high. I wont suggest buying yet nor shorting it either but I would definitely like to wait patiently till the consolidation is...

Divergensity

Havells seems to be in a complex correction. The wave B is most likely finished which leaves us with the 'pending wave' C to finish. There is divergence too, which means that it could head lower first before any major up moves. A series of lower lows and lower highs is possible till it completes the Running/ Regular Flat pattern. This could be a corrective down...

Divergensity

GBPINR seems to have finished the corrective structure now and is on its way down. There is a possibility that the pair will consolidate towards the upside before the continuation of the down move. Waiting for a consolidation now...

Divergensity

The pair seems to be in a 60 min consolidation. Once this consolidation is done and the pattern is completed, it could move Upwards to retest the previous highs. I wouldn't go short at this point but I wouldn't buy either- before the consolidation is done.

Divergensity Updated 

USOIL seems to have finished a corrective structure to go higher. This is a common pattern that is formed in most of the corrections - a corrective up move. So short term could be up from here...

Divergensity

Airtel has an interesting pattern. There is a 5 wave complete pattern which is either an Ending diagonal or a Triangle. Depending on which one it is, the next move could be very swift - either up (in case of a triangle) or a down(in case of an ED). Need to wait for a clear confirmation for continuation.

Divergensity

An Interesting Development- Eicher is in a very interesting formation which could be either a Leading/ Ending Diagonal or a triangle. This means there could be a sharp move up after retesting the previous Low. If selling, caution is advised.