TangoTrader22

PRO
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Markets Allocation
69 % stocks 25 % indices 6 % commodities
Top Mentioned Symbols
AXISBANK 12% | 2 BANKNIFTY 12% | 2 HDFCBANK 12% | 2 CNXPSUBANK 6% | 1
TangoTrader22 TangoTrader22 PRO VEDL, 60, Short ,
VEDL: Short on Rallies
175 0 7
VEDL, 60 Short
Short on Rallies

VEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.

TangoTrader22 TangoTrader22 PRO AXISBANK, 60, Long ,
AXISBANK: Long for target above 500
108 0 5
AXISBANK, 60 Long
Long for target above 500

Axis Bank Completed 5 wave decline with an ED around 425 levels. This will be most likely followed by a simple abc correction (a and b of which are already done). Wave c should take us well beyond 500 in very quick time.

TangoTrader22 TangoTrader22 PRO AXISBANK, 60, Long ,
AXISBANK: Long for target above 460
57 0 3
AXISBANK, 60 Long
Long for target above 460

Axis might be forming ED of the impulse started in late august;could be bought at CMP wil 4-5 points SL

TangoTrader22 TangoTrader22 PRO CL1!, D, Short ,
CL1!: Short with SL 55.5 Target below 45
164 0 6
CL1!, D Short
Short with SL 55.5 Target below 45

This is bit of a contra call since fundamental news points to oil moving higher in near term. EW count is self explanatory; also note the RSI divergence. Crude is moving in an expanding wedge and has lacked upside momentum despite positive news flows. If the EW count is correct Crude could move to new lows in 2017 . SL should be breakout from the expanding ...

TangoTrader22 TangoTrader22 PRO HEXAWARE, D, Long ,
HEXAWARE: Long for target above 225, SL just below 199
49 0 1
HEXAWARE, D Long
Long for target above 225, SL just below 199

Hexaware is trading inside a declining channel. the recent bounce is from the channel support as well as long term trend line support. Current price give a long trade with a very healthy risk/reward https://www.tradingview.com/x/wu14tBGu/

TangoTrader22 TangoTrader22 PRO CNXIT, D, Long ,
CNXIT: Long for ATH above 13000
72 0 2
CNXIT, D Long
Long for ATH above 13000

Nifty IT is following the textbook EW pattern. We are at the beginning of a fresh impulse of the last cycle wave 5. This wave should take us to all time highs. On smaller time frame we have already finished wave 1 of 5; obviously the next impulse (w3) would be much sharper. https://www.tradingview.com/x/5GaIE6l5/ Index is susceptible to political news from US, ...

TangoTrader22 TangoTrader22 PRO CNXPSUBANK, 15, Short ,
CNXPSUBANK: Breakdown from rectangle
33 0 2
CNXPSUBANK, 15 Short
Breakdown from rectangle

Nifty PSU bank has broken down from a rectangle pattern; futher fall likely

TangoTrader22 TangoTrader22 PRO BANKNIFTY, D, Short ,
BANKNIFTY: Short for target 17200
77 0 5
BANKNIFTY, D Short
Short for target 17200

I am not putting a EW count, since I am not very confident of counts on BN. However, given the downward momentum in recent weeks, we could break the strong support at 18000 and 200 dma to fall to around 17200 levels. A big reason for this belief is that the EW counts of major banks suggest a fairly sharp fall in coming days (see link to related ideas)

TangoTrader22 TangoTrader22 PRO HDFCBANK, D, Short ,
HDFCBANK: Short for target 1120
49 0 5
HDFCBANK, D Short
Short for target 1120

Expect downward momentum to accelerate fast

TangoTrader22 TangoTrader22 PRO INDUSINDBK, D, Short ,
INDUSINDBK: Short for a target below 1000
27 0 3
INDUSINDBK, D Short
Short for a target below 1000

Indusind has strong momentum on down side; expect sub 1000 levels in December itself

TangoTrader22 TangoTrader22 PRO SBIN, 60, Short ,
SBIN: Short for target below 230
43 0 3
SBIN, 60 Short
Short for target below 230

SBIN has probably completed the initial impulse from feb lows. The correction that started early november should pick up pace soon.

TangoTrader22 TangoTrader22 PRO TATAMOTORS, D, Long ,
TATAMOTORS: Long for Final impulse up
64 0 4
TATAMOTORS, D Long
Long for Final impulse up

NSE:TATAMOTORS

TangoTrader22 TangoTrader22 PRO HDIL, D, Long ,
HDIL: Potential Multibagger
341 1 4
HDIL, D Long
Potential Multibagger

NSE:HDIL Buy on Dips between 75-90. Expect a minimum 200+ by early next year. Hope the wave count is self explanatory

TangoTrader22 TangoTrader22 PRO BANKNIFTY, W, Short ,
BANKNIFTY: Bank Nifty: Struggling at long term resistance
64 1 1
BANKNIFTY, W Short
Bank Nifty: Struggling at long term resistance

NSE:BANKNIFTY Bank nifty is facing strong resistance at the midline of long term channel. Also, most private banks are close to completing their long term tops. Read here:https://www.tradingview.com/chart/HDFCBANK/IozqHcfE-HDFC-Bank-Approaching-Long-term-top/ We might see some retracement towards 18900 levels early next week, which should be a good level for ...

TangoTrader22 TangoTrader22 PRO HDFCBANK, 15, Short ,
HDFCBANK: HDFC Bank: Approaching Long term top
83 1 2
HDFCBANK, 15 Short
HDFC Bank: Approaching Long term top

NSE:HDFCBANK The impulse that started in early February is nearing completion. https://www.tradingview.com/x/rrgqeUjZ/ We are already seeing signs of RSI divergence on daily charts. https://www.tradingview.com/x/YUiVBBVg/ More importantly, it is also completing 5 wave cycle, as seen on this weekly chart. Most likely scenario is that we will see a final spike ...

TangoTrader22 TangoTrader22 PRO ICICIBANK, D, Long ,
ICICIBANK: ICICI Bank could hit 290
117 1 1
ICICIBANK, D Long
ICICI Bank could hit 290

NSE:ICICIBANK

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