Seems like a trend reversal can happen from here. Nifty is in the last correction wave.
We should be looking for reversal signals around 17/03/2010 at 2448 levels. Lets see .We are already in the price territory of previous wave 4 of one lesser degree.
Debut Idea for Dollar Index Shown in oval shape was 1st leg of the triangle which topped out at 103.82 Published on 24th April 2016. Proposed triangle for wave-4 ( currently we are in final leg- expect rise holding above 89.20) & later "collapse" in wave-5 ( proposed ending diagonal) 24th April 2016 (Click the Idea)
2nd 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...
Halting At Support Zone 215 -217 - Going Below 215 -It can extend to 197-200 zone -if falls below 197 then fall continues downside. Last Idea on ITC
• 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...
After a triangle formation , idea is ready for the target zone of 18 with a sl of 18.5
Have suggested already -its all choppy & messy suggesting that fall in Reliance is pending -which can take stock back again to 1830 & once 1830 is taken out - fall can become more serious. Trade carefully. Thanks The Y- Wave Next for 1980-2000 Levels
• 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...
Short with SL of recent highs for target area of 1.1700 which is 38% retracement level or 1.1600 which is previous fourth.
Market 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- ...
Last Price- 1970 Hope you enjoyed the selling at the tops of 2100 Channel Support at 1950's could support the stock & If drops below 1920-1950 that will be next clue for the stock to do bigger damage. Happy Trading!!! Last Idea - Corrective 1st Leg Done at 2120
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...
Small 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...
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...
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...
Sel l on rise with SL of 1490 for target of 1420/1390/1360
Sell on cmp keeping SL of recent high for a target of a new recent low and 141.2 zone.