Ripple : INVESTMENT OpportunityOn a very important juncture ! Its like make or break condition for this crypto . BUY XRP : INR 25 SL is 16. Targets: 3X & 5X
Elliottwaveanalyis
EURCHF: Is it the starting of Stormy 3rd wave ?In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF .
One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
ITC: Exam time , Pass or FailTrading strategy :
Key level is 210
1. Go long above 210 keeping a mino Stop loss of 203 , for the target area of 240 & later 280.
2. Go short below 210 if it starts rejecting from the zone of 210-220 for the target of 190/175.
3. If it starts taking support near the zone of 175-180 again go long with that recent low as SL & ride till 210 & above 210 follow plan 1.
Nifty Elliott wave analysis of 15min chart as on 2Nov 2020In this 15 min chart 11649-11720 is an immediate resistance range. Nifty needs to break above 11720 for upside momentum.
Tata steel- Careful at the tops @393-395View is valid only below 395 levels- Do not sell if stock not falling below or holding above this level.
Looks all mess upside & choppy moves. Possibly finishing Wave-x (circled) within Wave-Y. Only if Index Nifty moves above 12025 - I will avoid selling else -I am looking for steel to fall in final wave -Y
Targets - 385-387 / Below 385- Target -370 / Below 370 Only- Target -360/ Below 360 (Strictly follow the levels) -343 & Final Target - 300 in next few weeks & months ahead.
BankNifty- Final Leg (Triangle) & Fall Later 22660-21400Plan A (Buy Scenario)
A Possible Triangle Scenario - Expect Upside Push--------"strictly crossing above 22300 & holding above 22300"-----------for target 22550-22600
No Buying if cannot cross & hold above 22300 levels
Plan B (Sell Scenario)
Strictly Sell Valid --------After completing Plan A (Buy Scenario) mentioned above------Once reaches 22550-22600 target upside & fails to cross above 22660 then traders can plan the sell keeping stops above 22660 & target downside as 21400 as mentioned in the last idea mentioned below
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As per the last idea ---------resistance of 22700 approx was held - High was 22757 (shown as "Wave-a" & we got the fall to 22757 to 22035 level
Last Idea
TATA COFFEE : HAVE SOME COFFEE TATA COFFEE : The stock is travelling in a impulsive channel & currently the wave 3 is unfolding. As per the internal structure we can clearly see that, the wave 3 is being extended & look like it has completed its 4th of third wave. So we can expect an upside move in the stock to complete its 3rd wave. One should look buying opportunity if the prices sustain above 114 levels & look for the higher target zone as shown in the chart.
Nifty - Roller Coaster Ride 9700- Done & Out!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.
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Trading Strategy
Plan A -
Global Markets Positive as of current session -16th June 2020. Tomorrow, Nifty can open gap up above 9900 - Holding above 9900 levels - Targets can be 10000 / 10170-10200 zone
Plan B -
If stops at channel top in 10170-10200 zone or close by levels then get ready if Index starts falling first & you join them later for downside target from the tops of 10170-10200 to 9900 / Below 9900 -9800 / Below 9800 -9700 / Below 9700 for 9550-9600 (Yellow Channel Support)
Plan C -
Breaking of Yellow Channel Shown on downside & below 9550-9600 key zone -Expect Targets 9375-9400 / Below 9375 for 9175-9200 / Below 9150 for 9000 / Below 8950 for 8700 & lower targets.
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Last Stock Idea - ITC
Selling The Tops at 203 Highs
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Last Idea on S&P500 Index
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TradingView Profile Page- To check older ideas
in.tradingview.com
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Thanks for watching this idea & your precious time. Have a wonderful week ahead
Nifty /Gold / USDINR - The Important Juncture Thanks from Bottom of my heart to "Sir John Murphy" for giving us such a wonderful book on Intermarket Analysis - "Profiting from Global Market Relationships"
Special thanks to my friend & follower who wrote - Think beyond Red & Green Colours. I would love to have your comment once again here in this idea as well.
Wish You all a Happy & Colorful Holi
This video idea talks about long term outlook on various asset classes such as
Gold
USDINR
Nifty
& get some clue for these asset classes.
Starting with last stock update - Indusind Bank which was published in Jan 2020 & suggested the fall from 1565 to 1050 - all targets were done & stock touched the channel bottom at 913 lows. Kindly check the idea below
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Indusind Bank - Never miss channel bottoms
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USDINR Ideas
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24th March 2019 Idea - USDINR - The Box Match at 69
10th Jan 2020 Idea - USDINR - The Next Path (Holding 70.35 - Expect 72.25 & 74.50
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Gold Futures
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17th Sep 2018 Idea - Plausible 1350-1375 Zone
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India Nifty
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29th Feb 2020 Idea - Nifty (India -Buy & Hold) - C-Wave or Corona Wave - What Next ?
12th Jan 2020 Idea - Nifty - Stellium Effect - How I cracked the top at 12295
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Thanks for checking the idea. Wishing you all once again a happy holi -
Indusind Bank -Never Miss Channel Bottoms !!! (Fall 1565 to 900)Note -
This is not a suggestion to buy or sell the stock. Kindly consider the risk involved & consult your financial advisor
Disclaimer
-----------------------------
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.
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Yes, it is risky but trading such channels can be highly lucrative & why not - if you did the selling from the tops of 1565 for 1050 - all targets done.
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14th Jan 2020 - Channel Tops at 1595
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6th March 2020 - Channel Bottoms at 913
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Last Video Idea (Click the link below to watch the video)
