Reliance-Wave Talks Part 2- Careful at 1600 Highs/Nifty/DowJones

Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Saturn when about to enter Capricorn in Jan 2020 - Had resulted into Global Pandemic- Covid19 (Corona Virus) - Saturn Moved out of Capricorn in late March 2020 & resulted in Global Index bounce almost retracing 80% in Dow Jones & SP500 & price-wise it has done very similar activity as it did 90 years ago in the 1930s

Now, Saturn retrograde (reverse) (July-Dec 2020) -if planets are going to repeat the same path -it is very obvious that the same set of activities shall be repeated by all of us.

My dear followers, I would suggest only one thing to be cautious at every push upside. Don't trade using emotions -Let market show you the next way round - So, get ready for yet another exciting journey.

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Trading Strategy
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Plan A ( Long Term Analysis)

Selling From The Tops for 1395 / Below 1395 for 870

Plan B (Short Term Strategy- Sell)

Holding Below 1800 Levels Strictly - Short Term Sell for 1750 (Target 1) / 1700 (Target 2)

Plan C (Short Term Strategy - Buy)

Buying if holds 1700 & close by levels for new all-time high 1800 (Target 1) / 1850 (Target 2) ---Follow Plan A (Long Term Strategy) once tops form

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TradingView Profile Page to check older ideas

in.tradingview.com/u/AbhishekHSinghCMT/

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Thanks for watching this video & your precious time.

Trade active:

18:13 Hrs / 22nd June 2020

Last Price @ 1752

Plan B Active - Selling if holds below 1800 Level ----------Day High 1803/1805

Photo at 09:44 Hrs / 22nd June 2020

Review of 22nd June 2020

Started well right from the top - How many of you enjoyed the fall below 1800 to 1750 & later to 1735

Photo at 18:12 Hrs / 22nd June 2020

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Plan for 23rd June 2020
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Strictly if crosses above 1755 & should hold above 1755- 1760 zone then Plan -C may start as suggested in the Trading Strategy Above in the main idea. Please refer it.
or if fails to cross 1755-1760 zone in morning session then wait for another dip close in 1700-1720 zone & execute plan-C as suggested for 1800 (Target 1) & Above 1805 for Target 2-1850

Strictly -----------Consider Plan -C only if holds above 1700 levels.-----------Strictly

Thanks & Have a wonderful session tomorrow. Take Care.

Trade active:

10:24 Hrs / 23rd June 2020

Last Price @ 1739

1730-1740 - can be the possible support zone - so crossing 1740 & above -keep a watch as small fall could be done below 1755-1760 zone

If crosses above 1740 & holds above that level then expect 1800 (Target 1) & Above 1805 - Expect 1850 (Target 2)

Don't forget to trail your stops as you keep moving upside as it is final leg -a dramatic fall could be expected post the final leg upside.

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Stock - Auropharma

Idea Published - BWave Shift Can Cause Havoc

10:24 Hrs / 23rd June 2020

Last Price- 812

Day High - 817

Reached channel top at 817 Highs -------------------So be careful at the tops- Let market show us the way downside if stops at channel tops.

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Thanks & Manage your risk properly

Trade active:

12:01 Hrs / 23rd June 2020

Last Price @ 1730

Oh-----------It almost touched 1720 levels & turning upside - Keep a close watch as we eagerly wait for next round of wave for 1800 & above 1805 as 1850. Thanks

Trade active:

08:08 Hrs / 24th June 2020

Last price @ 1720

Strategy for 24th June 2020

Post Falling from 1800 Tops - Plan B is almost looking completed but as a trader you need to have patience & wait for next wave to start upside once it crosses above 21 periods Moving Average which is to sustain a move above 1730 post crossing for 1800/Above 1805 for 1850

Trade active:

09:11 Hrs / 24th June 2020

Positive Bias Till we get fall below 10390 as confirmation for the downside wave next

--------------------------------Update - Nifty Index----------------------------------

Traders should wait for Nifty to fall below 10390 for the next wave to start downside or look for 10540-10560 resistance zone where next upside halt can come & meantime #Reliance will finish its upside leg

Trade active:

13:09 Hrs / 24th June 2020

Last Price @ 1755

Started Moving Upside As expected from close by levels of 1700. Day Low @ 1712

Trade active:

13:51 Hrs / 24th June 2020

Last Price @ 1734

It Jumped to 1770's & had a fall back close below 1730. The Story Repeats Again - "Holding Above 1730 - You may expect once again close to 1800 levels. Manage Your Risk Upside as Index Nifty is halting in 10540-10560 zone

Trade active:

10:28 Hrs / 25th June 2020

Last Price @ 1735

We are still expecting 1800 & Above 1805 for 1850 Upside Targets as per mentioned Plan-C till the time stock is holding above 1700 levels

Going below 1700 would indicate to remain cautious & avoid or close all long positions.

Hope to safe journey towards 1800 & above. Best of Luck. Thanks