BhavirThakkar

BhavirThakkar

Details on chart. But wave 5 of long term wave C is over with classic bearish news flow.

BhavirThakkar

International GOLD has signaled a bull market as per classic dow theory. www.dowtheoryinvestment.com With currency wars on going globally, about time USDINR starts inching up too. Given the above; goldbees gives investors a very good R:R setup to enter around 2450-2480 area

BhavirThakkar

Polaris is falling in a 3 wave structure and is currently trading in a good support zone; coincides with bullish gartley completion pattern. Look long.

BhavirThakkar

I was looking USDINR to bounce from .886 BAT level .. but notice how the RSI was not oversold at that point. RSI is now oversold and USDINR has bounced from an alternate BAT level retracement 1.13 ... I would buy pull backs for 62.8 first

BhavirThakkar

Bullish Cypher forming on ITC. Look to buy at previous support between 315 and 325 Bullish cypher target and AB=CD target between above levels. Note how RSI will bottom out in the zone tactically.

BhavirThakkar

RCOM has likely finished the down move looking at diverging RSI on daily; targeting 140+ However if one more leg of selling happens then 60-65 may be good support zone Correction: End of the dark blue line (projecting equidistant fall from 120 comes to 71.5 in % terms (shown to end just below 60 on this chart is incorrect)

BhavirThakkar

340-360 good support zone for TATSTEEL - just around 62% ret. of the up move Note how ABC correction may also end within wave 3 of prior up move.

BhavirThakkar

A bearish butterfly in the making. A Bat visible on the medium term chart if markets were to correct the MODI rally. Note that the bat coordinates will change if butterfly target 400 is achieved (point C will move higher)

BhavirThakkar

Cross above and close above recent highs. Forming higher highs and higher lows with RSI showing momentum

BhavirThakkar

Both possibilities open for India equity index - NIFTY. Bearish butterfly targetting 8700+ (need to cross 8500 sooner than later) while bullish butterfly can target 7500- on downside. (needs to break 8000)

BhavirThakkar

290 targetting bullish bat completion .. watchout

BhavirThakkar

Looks like a bullish bat on reliance bouncing off .886 at 831

BhavirThakkar

Bullish bat forming on USDINR. Looking to buy at 61.85 zone with 61.7 as Stop