Get started

Bearish Bat

SP500 Index- Nifty / Stock-ITC/Hindalco/Auropharma- Weekly CheckDisclaimer ----------------------------- 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. ----------------------------- SP500 Index - A possible top close to 3200 levels - Reasons for Top or Halting close to 3200 Wave Y = 61.8% of Wave -W Middle Line of Parallel Channel is close to 3200 levels Support / Hero turning their roles into Resistance / Villain - Polarity Reversal Concept close to 3200 levels Index- Nifty Nifty May Halt with Double Top at 10175 / Below 10175 for 10050 / Below 10050 for 9950 / More below 9950 Stock -ITC Sell Below below 200 (strictly) for 195-196 / Below 195 for 190 / Below 190 for 185-186 Stock - Hindalco Selling below 150-151 (Strict Stops above 151) Target -148 / 145.50 / 143 / 138 / 130-132 Stock - Auropharma Selling next below 721 for Target 700 & Below 700 for 650-660 zone
OANDA:SPX500USD
by WaveTalks
42
Nifty-Elliottwaves-Let us make some wedgesAnalysis Done on Spot / Cash Data ----------------------------------------------------------------------------------------------- Status Update at 09:13 Hrs / 9th April 2019 Last Price@11598 Buy Close to 11550 – 11560 zone ( No Buying below 11550) ----------------------------------------------------------------------------------------------- Key / Critical Support & Resistance Levels 11550 (Critical support level Next) 11760 (Critical Resistance Level Next) Trading Strategy Plan A Buy Above 11600 for 11690-11700 Plan B Buy Above 11700 for 11750-11760 ( No Buying Below 11700 levels) Plan C Buy Above 11760 for 11825-11850 zone upside (New Highs for India Nifty) – Giving us 3rd leg in the wedge structure which is our assumption. Plan D Selling somewhere close to 11825-11850 once you get some resistance (be careful as it non chartered area) for downside target 11715-11730 Plan E Later Buying holding above 11700 for 11900-12000 Plan F Selling Later on New All Time Highs for Downside Target –close to voting day in Mumbai which happens on 29th April 2019 for downside target of 11310-11325 zone as suggested over the video. Plan G Buying in 11310-11325 support zone for upside target 11425-11475 Plan H Selling Also below 11300 for 11120-11150 & below 11050 for 10730-10785 ( Nation Strike’s Back Zone) --------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------- “Say Cheese” Moment for me in last few days 5th April 2019 RBI cuts repo rate again by 25 bps as it did last time in Feb 2019 & we were sellers close to 11117 Idea as published earlier – “History has the answer - Careful above 11050”- Result was fall to 10585 (Double Bottoms) 7th April 2019 Got the push to 11690-11700 zone & Selling was suggested below 11700 for 11610-11620 zone which got extended to 11550 (Critical support level Next) 8th April 2019 Fall Started with gap open & making 11710 new highs for the day- yesterday – 11550 is critical support level next. Thanks for watching the video & Your support. Enjoy The Markets.
NSE:NIFTYLong
by WaveTalks
6
Auropharma-You don't Know-Fall@792 Wish you Happy Holi & May this festival bring lots of colors in your life!!! Education & Trading Idea Wedge Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down. When the pattern completes, and the price breaks out of wedge, it is usually in the opposite direction the wedge was pointed. This is why it is called a reversal pattern. Books on Harmonics Harmonic Trading Volume 1 & Volume 2 - Scott Carney --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy ( All Analysis Done on Spot/cash data - Kindly Adjust Futures Data Accordingly) Plan A - Holding 770 lows - Traders can look to buy with strict stops below 770's. Can Expect Upside Push to 793-797 zone as upside target Plan B - Selling Later from 793-797 zone with strict stops above 805 (800 is key reversal level - 805 is critical reversal level) ------------------------------------------------------------------------------------------------------------------------------------------- Note - Safe Trader - Don't Take Sell as per plan B if it moves above 800 level Risky Trader - Can remain in Sell as per plan B as critical level is 805 This Idea gets invalidated once price moves above 805 level Thanks for watching the video.
NSE:AUROPHARMA
by WaveTalks
22