NiftyMagician : Study Charts by Omkaar

Please post all your studies here so other ppl can be benefited

Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Sun Sep 27, 2015 1:50 am

TATA STEEL: (LONG TERM ONLY)

Above posted is a daily chart of TataSteel on which I have tried to label EW waves.

As clearly visible, there are 2 major moves appearing on daily chart:
Up Move : 197 to 580
Down Move : 580 to 200

This downmove has retraced to almost 99% of the previous upmove and failed to break the low of Wave 1.
[Rule for Wave 2: Wave 2 can never retrace more than 100% of wave 1.]

Now , please be aware that we still have multiple possibilities:

Possibility 1:
Previous Upmove was Wave 1 and this downmove is Wave 2 i.e. retracement of the previous upmove.
So, if the previous low which was near 197 is not breached, we can see a good upmove in this counter as it can enter in Wave-3.
Target: 161.8% of previous upmove which means there are good chances of hitting 8xx in long term.

Possibility 2:
Previous Upmove was Wave A and this downmove is Wave B. So, if the previous low which was near 197 is not breached, we can see a good upmove in this counter as it can enter in Wave-C.
Target: Atleast 61.8% of previous upmove(i.e. 430). But, this wave can also hit 100% or 161.8% of previous upmove. Remember, Partial profit booking never hurts anyone. :P

Possibility 3:
PREVIOUS LOW IS BROKEN. SL HIT - STRICTLY EXIT
If previous low is broken, I would suggest to exit the counter as then we loose the chances of Wave-3.
Irregular A-B-C still possible, but I would advice its better to exit and put you money in some other trade instead of hoping and praying.


PS: This study is NOT for intraday players.
Trade/Invest wisely. Using multiple techniques to support the study and get more high probability of winning trade would be an added advantage.
Feel free to share your views.
All sort of feedback/correction/Contra views are welcome.

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby aishwarya » Sat Oct 03, 2015 6:06 pm

great article omkarji. in all probability the ist or second option will happen since tata steel is a major co of tata group

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Mon Oct 05, 2015 10:15 am

Crude - 5 min

Image

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Mon Oct 05, 2015 10:19 am

Above chart was created before market open..
Now with MCX open... Crude has opened with Gap Up and is near the sell zone...

Image

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Mon Oct 05, 2015 10:27 am

Nickel... can show 715, 745... SL 658

Image

PS: This view and chart is of Nickel Mini

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Wed Oct 14, 2015 11:21 am

Gold Hourly Chart - WW

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Wed Oct 14, 2015 11:51 am

Silver Hourly Chart - Flag BreakOut

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby jesica1 » Thu Oct 15, 2015 5:26 pm

Such a nice piece of info you have posted. thanku :D

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Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Wed Nov 11, 2015 1:12 am

Maruti

5th Point pending... for -WW to be active
Let's see how it proceeds.
Would update once it is active.


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Re: NiftyMagician : Study Charts by Omkaar

Unread postby Omkaar » Thu Nov 12, 2015 3:04 pm

Diwali Picks by Bhavinbhai:
111 Nov 15, 05:59 PM bhavin: DIWALI MUHURAT PICKS 2015-16 :
BUY INDIGO T 1400 SL 700;
GODFREY PHLIPS T 1500 SL 686;
TORRENT POWER T 400 SL 150;
HARITA SEATING T 1000 SL 299;
MAZDA LTD T 650 SL 220;
KSL T 225 SL 120;
SANDESH T 1300 SL 600;
ALL CARGO T 650 SL 255;
FCEL T 40 SL 14;
TRIDENT T 90 SL 31;
DREDGECORP T 700 SL 293;
TNPL T 350 SL 179;
GEOMETRIC T 235 SL 122.1

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