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Elliottwavecorrection

USDINR- Back to Pavilion - 72.50-73.002nd Target missed by few pips as per last update. High was @ 74.91 & back to 72.50-73.00 zone USDINR is resting in the most important zone 72.50-73.00 - which is above triangular correction of early 2020 when stocks was about to crack due to fears of covid19. This zone of 72.50-73.00 is very important- if acts as support & dollar rupee starts moving above 73 mark then it can move to 74.90 / 76.35 + Note- View not valid below 72.40 Let the markets make first move.
Long
by WaveTalks
10
Reliance -Short Term Moves (Sell First & Buy Later)• Mercury Retrograde - Don't forget as most of the time it will trick you - doing false breakouts / breakdowns as it did near 1835 lows shown in last idea where proposed X-wave got completed • Sell 2030-2035 for 1990-1995 or Sell 2055-2075 strictly • Buy 1980-1995 zone if fall halts or stops then expect back 2030-2035 & 2055-2075 target zone Update suggested on last idea @ 13:48 Hrs / 11th Feb2021 Last Idea - Careful At the Tops -The Wave-Y
NSE:RELIANCE
by WaveTalks
9
HDFC- 2777 Will it Stop!!! • Multiple Tops on lower degree have halted stock close in 2750-2777 zone • Push Above 2780 – can take stock to new highs 2850/2950 • Careful at the Tops later as current geocosmic signs at the moment may trick you. Always be cautious & false breakouts & breakdowns are common phenomenon in this period • Risk Management is most important so traders should know first how to use stops before even they start trading & use trailing method to protect your profits --------------------------------- • Trading Strategy --------------------------------- Plan A – Buy Above 2780 for 2850 & 2950 Plan B – Crosses above 2780 & fails to reach the targets as mentioned in Plan A or only partial target is done at 2850 & drops back below 2780 – Become cautious on long or buy positions-That is also a plan Plan C- Sell below 2600 for Target – 2365 & Below 2365 to 2200 which will be 200 DEMA support
H
by WaveTalks
14
Reliance- Important Support Zone 1890-1900 (Catching The BottomsMarket Commentary As suggested over the last idea - comment this morning @ 09:51 Hrs / 27th Jan2021 - 1890-1900 is the important zone - If it holds then another upside push is open & it can travel to 1975/2000/2020 --------------------------------------------------------------------------------------------------------------------------- ******** Note- Falling below 1890 which is critical level-it may retest 1835 & new low expected ************ --------------------------------------------------------------------------------------------------------------------------- Once it crosses above 2020 - upside extension can be seen to 2050-2075 where traders have to be careful Last Idea- What a top @ 2120
NSE:RELIANCE
by WaveTalks
17
Trent-The Trap-False Breakout Above 805 (Wave Analysis)This stock has limited trading opportunity in current scenario. Possible Trading Strategies mentioned below • Sell below 625 for downside target -540 which is 61% retracement of upside last wave (365 to 809) • Buy above 725 (strictly hold your buy positions till it holds above 725 as false breakouts can happen above 725 as they are extremely choppy moves) • Sell below 540 • Buy Above 810 Long Term Scenario - Positive once 810- critical level gets broken upside to be reviewed later.
NSE:TRENT
by WaveTalks
27
Reliance-Last Impulse 5th Wave Ended in Truncation-Wave AnalysisSmall Modification - Possibly Last Impulse ended in truncation at the lows @ 1855 Why Traders Have to be Careful- Channel Resistance Corrective in next higher degree possibly close to end -------------------------------------------------------------------------------------------------------------------------- Recap from last idea -------------------------------- 2022- Most Important Level & fulcrum level so sell below & buy above was suggested as per previous ideas- Hope you enjoyed selling two times close to 2022 with minimum target of 1900 downside --------------------------------------------------------------------------------------------------------------------------- ---------------------- What Next ? ---------------------- Short Term Next Most Important levels - 2100 / 2050 /2020 - which can be used as intraday levels for short term trades - Sell Below or Buy Above plans can be executed with proper risk management. Long Term Outlook Long Term Outlook remains unchanged which is still bearish as suggested for last few ideas with key level @ 2095-2100 as the most important zone -------------- Note -------------- Any sustained move above 2100 has to be reviewed again
NSE:RELIANCEShort
by WaveTalks
10
Reliance- Wave-e -is it done! ( What A Top @ 1975)Last @ 1930 / 13:51 Hrs / 13th Jan2021 Re cap from last idea As suggested last- expected last leg in the triangle close above 1900- it went below 1900 & made low @ 1892 & once it started pushing upside above 1900 It touched 1950 & 1975 both the targets as suggested over last idea Plan- B - Suggested to be careful at the tops & Plan-C- Sell close in 1970-1985 but strictly consider selling only below 1985 ------------------------------------------------------------------------------- Last Reliance Idea- Triangle Extended ( Look for Wave-E Upside) -------------------------------------------------------------------------------
NSE:RELIANCEShort
by WaveTalks
2
ITC -What A Push Above 200 to 213( Proposed Triangle)-What Next?Re-cap from last idea Triangle Proposed & Expected Trading Plan A - Buy as close as possible to 198 to 200. Low was @ 201 Approx Plan A - Target achieved at day high @ 213 Plan B - Selling Started as per last idea- Target 1 achieved 209.50 ----------------------------------------------------------------------- Last ITC Idea - Sideways Push 197 to 213- completed -----------------------------------------------------------------------
NSE:ITCShort
by WaveTalks
9
Reliance -Triangle Extended- ( Fall Done- 2018 to 1905)Target achieved 2018 to 1900 as expected ( Recent Low - 1905) 🎯🎯🎯as per last idea ----------------------------------------------------- Most Important Resistance ⚠️ 2022 ⚠️ ---------------------------------------------------- Trading Strategy Plan A Started from the bottoms close to 1900 on 7th /8th Jan2021- Most Important ⚠️Support Level⚠️- Look for 1950 (Target 1) / 1975/1980 (Target 2) Plan B Once it reaches close in 1950 & Above in 1975-1985 - Traders have to be careful as very much possible -Plan C Plan C Selling only below 1985 strictly & best only between 1970-1985 for Target 1 - 1900-1910 Zone / Target 2 - 1835-1850 / Target 3 - 1750-1775 (Below 1835)
NSE:RELIANCE
by WaveTalks
7
Bank Nifty-Cracks 31490 to 31000 in H&S Pattern(Target Achieved)Head & Shoulder Pattern Formed --------------Key Level 31500 Holds & Index falls approx. 500 points just below 31500 Heading for Target 2 - 30500 Prior to that - Buy target was achieved from close to 31200 levels suggested on 1st Jan2021. ---------------------------------------------------------------------------------------- Bank Nifty Last Idea - Buy Above 31200 & Sell Below 31500 ----------------------------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
5
Banknifty Deep Zig Zag correction in Wave (4)DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:BANKNIFTYShort
by Niftydirection