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Economic Cycles

current count super cycle-3-cycle-1,primary-5 super cycle degree-white cycle impulse-yellow, cycle correction-red, primary impulse-blue currently we are in super cycle degree wave 3 which is supposed to be most powerful impulse,hence as an individual one should always look to buy this stock be it for intraday,swing or positional trading as higher degree will always have bigger impact on price movement. In coming days(this month end) if prices correct's and gives negative closing on monthly chart than we can assume that wave 1(cycle) of wave 3 (super cycle 3) has ended and wave 2(cycle) correction can take prices in the range of 89-70.Following wave 3-4-5 target's are as follow's assuming wave 2(cycle)ending @70. wave 3(cycle):70-280 wave 4(cycle):280-200 wave 5(cycle):200-460/480.longest among 1,3,5 as generally seen in commodities. Mind well this are just ideal projection as per text-book guidelines.Actual levels may differ.Whole idea behind this post is to share insight on current wave count on long term price action.
NSE:SAIL
by UNDERDOG-29
1
Andhra Sugar - Weekly Breakout. Looking good on WoW Basis#ANDHRSUGAR Perfect candidate to ride the Soft Commodity and Sugar Rally and hence my conviction here. Numbers listed are weekly considerations Entered at - 442 Stop Loss - 415 Target 1 – 486 ( Next coming days ) Target 2 – 592 ( 4 to 5 months ) Target 3 - 672 ( 8 to 10 months ) Some of you might not agree with the gap between SL and entry price but I am okay to let this play with my risk appetite for next coming days and next 4 to 5 months On Daily chart is it now retesting its breakout level. If stock sustains levels of 415 on weekly closing, then its expected to move into predicted trajectory as reflected above Volume spurt has also been noticed on WoW basis for last 4 weeks. Good sign of buyer interest in order to move towards predicted trajectory Disclaimer - - The view expressed here are my personal views. I am publishing this for my own records and what I see on charts. - If you're referring to this, please consider this ONLY FOR educational & research purposes. - Past performance is not a guarantee for future predictions - Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion. - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial advisor before investing. TIA!
NSE:ANDHRSUGARLong
by nerdywasabi
2
MARKEY CYCLES PSYCHOLOGY | EMOTIONS & COGNITIVE BIASES All markets go through cycles of expansion and contraction. 📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity. Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form. In such a scenario, many investors become irrational, losing sight of the actual value and buying an asset only because they believe the market will continue to rise. They get greedy and irrational by the impressive bullish movement, expecting to make huge profits. As the market gets heavily overbought, the local top is created. In general, this is considered to be the point of the highest risk. In some cases, the market will start a sideways movement while smart money steadily sells the asset. This is also called the distribution stage. However, some markets don't present a clear distribution stage, and the downtrend starts sharply after the top is reached. ➖➖➖➖➖➖➖➖➖ 📉 When the market starts reversing, the euphoric mood can quickly turn into complacency, as many traders refuse to admit that the uptrend came to an end. As prices continue to fall, the market sentiment quickly moves to the bearish side. It often includes feelings of anxiety, denial, and panic. In this context, by the anxiety we mean the moment when bullish biased market participants start to question why the price is falling, which soon leads to the denial stage. The denial period is marked by a sense of unacceptance. Many investors keep holding their losing positions, either because "it's too late to sell" or because they want still believe that "the market will come back soon." But as the prices drop even lower, the selling wave gets stronger. At this point, fear and panic often lead to what is called a market capitulation (when holders give up and sell their assets close to the local bottom). Eventually, the downtrend stops as the volatility decreases and the market stabilizes. Typically, the market experiences sideways movements before feelings of hope and optimism start arising again. Such a sideways period is called the accumulation stage. ❤️Please, support this idea with a like and comment!❤️ ⬇️Subscribe to my social networks!⬇️
OANDA:XAUUSDEducation
by VasilyTrader
2
Indus Towers - 5G Play, Long Term AccumulationAs per Dow Theory, Indus Towers has over the years formed a classic "Accumulation - Participation - Distribution" pattern which has since mid-2019 reset back into the Accumulation phase. On the fundamental side, 5G Technology is expected to be one of the big plays in the coming years. Indus Towers has also slowly but steadily been accumulating into forming a bullish pennant. It may take some positive news or event to push it towards a breakout, but sooner or later looks likely.
NSE:INDUSTOWERLong
by Wolf-AD7