Elliottwavecorrection
TataSteel -Playing The Wedge(Holding Above 337 look for 343/348)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 -
Buy strictly above 336-337 ( Strict Stops Below 336) for Upside Target 343 & Above 343 for 348
Plan B-
Sell Later close from 348 Highs - Target Downside - Target 1- 328 / Target 2- 312 / Target 3- 300
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Last Tata Steel Wave Count on the Larger degree
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Thanks & Regards
ITC - Count Seven & Go To Heaven (Wave Analysis)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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Once Seven Waves are done on the upside- structure completes & Next larger degree wave could start soon for ITC which most probably points to the downside direction but as a trader, we have to put proper risk management to get a maximum advantage (check trading strategy mentioned below)
Importance of Number Seven
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Number 7 came from - Seven headed flying horse - "Uchchaihshravas" was obtained during churning of milk ocean (Samudra Manthan - as suggested Hindi)
Horses signify
Seven days in a week
Seven sages called Saptarishi
Seven colours of the rainbow
Seven Chakras of Yoga
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Last TradingView Status Update
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11:36 Hrs / 9th July 2020 - ITC Stock Update - Please check last idea-"Bearish Gartley" Suggested Buy above 195 for 200 & 205-207. We can repeat the same strategy again. Strictly Buy Above 195 for 200 & 205 upsides or Sell Below 194. Thanks
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TradingView Profile Page for Previous “ITC” stock ideas
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in.tradingview.com
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Trading Strategy
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Plan A
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Strictly holding above 195 – look for Target 1- 200 & Target 2 – 205/207 which is valid & open only if the stock crosses above 200 & holds – that means it should not slip or fall below 200 level
Plan B
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Strictly Selling below 194 for Target 1 – 190/191 & Target 2 – 185 open or valid if stock slips below 190
Plan C
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No trade zone or strictly avoid any trading between 194-195 zone & Execute Plan A or Plan B according to the price movement
Plan D ( Long Term Analysis)
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Scenario – Reaches close to 209 & fails to cross on the upside then sell or if crosses above 209.50 then sell later – Target 1 – 180 / Target 2 (Strictly Below 180) for 157-158 / Target 3 – (Strictly Below 157-158) – 135 which is final target downside
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Thanks for watching the idea. Take Good Care of Yourself & dear ones. Good Night
Nifty -Possible Leading Diagonal-Selling from the Tops @10550Disclaimer
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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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Leading Diagonal (Type 1 Diagonal) Question in Level 3 CMT Exam
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Real-Life Story - In 2015 - Got Question in The Final Level 3 -CMT Exam - What is Type 1 Diagonal which I got a logical solution just by connecting the pieces & thinking about Ending Diagonal (Type 2 Diagonal) which ends the structure whereas Leading Diagonal (Type 1 Diagonal) starts the structure- helped me to crack the question.
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Questions which we need to ask ourself in the current scenario - Is this a Big Leading Diagonal from 7512 to 10552 then also deep retracement is possible & holding 7700-8000 zone with minor supports 8800-9000 can open the extreme bullish scenario
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Trading Strategy
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Selling From 10540-10560 as suggested in the previous video ideas & status update or Sell Below 10300 for 10000 / Below 9950 for 9700-9725 / Below 9700 for 9550 -More on the downside if 9500 gets broken
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TradingView Profile Page
in.tradingview.com
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ITC-B-Point Magical Pull 194-195-Selling The Tops!(Nifty @10552)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
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Plan A
Selling The tops 194-195 as suggested last week from the Video Idea - Shark Bounce Expected 194-195. Expect 190-191 (Target 1) / Below 190 for 183.50-185 (Target 2)
Last Video Idea - ITC
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Plan B
Selling below 183.50 (Strictly) for 180 / Below 180 -More on downside----------------or-------------------Buying Above 183.50 if 183.50 is not pierced downside
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India Nifty Update
Selling The Tops 10540-10560 zone as suggested in the Reliance Last Video Idea
Nifty Snapshot Tops at 10552 Highs- 24th June 2020
Reliance Last Video Idea - Part 2- Careful Below 1600 Highs
Reliance-Wave Talks Part 2- Careful at 1600 Highs/Nifty/DowJonesDisclaimer
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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.
Saturn when about to enter Capricorn in Jan 2020 - Had resulted into Global Pandemic- Covid19 (Corona Virus) - Saturn Moved out of Capricorn in late March 2020 & resulted in Global Index bounce almost retracing 80% in Dow Jones & SP500 & price-wise it has done very similar activity as it did 90 years ago in the 1930s
Now, Saturn retrograde (reverse) (July-Dec 2020) -if planets are going to repeat the same path -it is very obvious that the same set of activities shall be repeated by all of us.
My dear followers, I would suggest only one thing to be cautious at every push upside. Don't trade using emotions -Let market show you the next way round - So, get ready for yet another exciting journey.
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Trading Strategy
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Plan A ( Long Term Analysis)
Selling From The Tops for 1395 / Below 1395 for 870
Plan B (Short Term Strategy- Sell)
Holding Below 1800 Levels Strictly - Short Term Sell for 1750 (Target 1) / 1700 (Target 2)
Plan C (Short Term Strategy - Buy)
Buying if holds 1700 & close by levels for new all-time high 1800 (Target 1) / 1850 (Target 2) ---Follow Plan A (Long Term Strategy) once tops form
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TradingView Profile Page to check older ideas
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Thanks for watching this video & your precious time.
ITC - Shark Bounce Expected Above 185 to 194-195 & Sell LaterDisclaimer
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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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Stock - ITC
As per the
last update in Nifty Idea - Moving above 186 Expect Upside 194-195
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Stock - Auropharma
Got Small Fall from 792-795 to 785 - Expect Upside Push Back if crosses above 785 & holds
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Nifty
Plan A - The Alternate Plan as suggested in last video idea to Buy Above 10000 for 10170/10200 was suggested once it crossed above 10000 levels & above
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Last Idea - Nifty - Selling at 10K Repeats!
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Thanks
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
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Thanks for watching this idea & your precious time. Have a wonderful week ahead
Reliance Industries - Wave Talks- Careful at 1600 HighsDisclaimer
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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
Safe Traders
Sell below 1390 for 870
Risky Traders
Sell Close to 1600 for 870
-------------------- Do not hold any positions if moves above 1600 ------------------------------------
Thanks for watching this video & your precious time.
Hindalco - WaveTalks- Proposed Triangle (D-Wave Upside)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
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Plan A
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Break of the Rising Channel Upside - Look for Targets 115-120 zone. Remember, if you can't hold your trades then you should book partial profits in between
Plan B
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Portfolio Stock - Best Buying can be seen in the 115-120 zone for below-mentioned targets later
Target 1 - 145
Target 2 - 175
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Plan C-
In case of stock crosses 175 & 220 highs then it goes beyond 300+ in months & years ahead.
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Previous Ideas can be checked from TradingView Profile Page
in.tradingview.com
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Thanks for watching this video & Thanks for your precious time. Have a wonderful week ahead.
Bank Nifty : Elliott Strucutre It seems on a daily we have completed Wave 4, the internal structure of which we have tried to analyse here in 60 mins chart. We can see clear ABC structure which was Zigzag (5-3-5). On completion of Wave 4 on a daily or ABC on 60 mins chart it seems we have completed Wave 1 of the 5th on a daily. Also the current retracement is around 0.786 where we can see the double bottom type formation also. '
So looks we may bounce towards Wave (4) of current impulse.
Tata Steel -X-Wave Top @520 -Plan B Sell:Ready to Buy in 280-320Turn the Plan B - You get the biggest sell close from 520 Highs
I have already Put Question Mark for Incompleted Wave -Y that means I was still expecting this fall as suggested when the last idea on Tata Steel was published because I was waiting for Index to crash when it started moving in explosive manner on 20th Sep 2019 on account of Corporate Rate Tax Cut.
Tata's Connection which made me even stronger that Nifty rally which started from 10670 is another corrective & choppy wave as Steel is most likely to finish it's last leg in 280-320 zone.
Tata Steel Last Video Idea - Searching for Bottoms in 280/320
Wave 2 - Larger Degree Range 280-320 -
Ready to Buy the Steel which can shine like Gold as it would cross Dec 2007 High of 902 in months & years to come & travel into uncharted territory. Let time show us the shine.
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Last Time - The Bottom was picked at 190-200 : This is another stock which has emotional connection with me. Thanks
Nifty- 29th April 2019 - How will you sell ? - X -Wave MissionWe are now in Plan F as mentioned in the video idea published on 9th April 2019
9th April 2019 - Elliottwaves - Let us make some wedges
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Trading Strategy
Once Head & Shoulder Pattern gets activated as explained over the video look for below mentioned targets
Activates below 11550
Target - 11300-11325
Target - 11125-11150
Risky Traders Selling below 11850 for targets
11665
11550-11575 & continue with head & shoulder strategy as mentioned above.
Safe Traders Selling below 11800 for targets
11665
11550-11575 & continue with head & shoulder strategy as mentioned above.
Elliot Wave Correction In Nifty Wid Head & Shoulders ConfirmatinNifty is in Elliot's wave since 2016, This is the last wave of correction. (Weekly Charts)
The best part is, a Head n Shoulder at the End, Which mostly occurs in Elliot Wave (if no harmonic chart patterns are found).
On a larger scale also, NIfty is in Elliot's wave on Monthly charts. (Haven't covered here)
Nifty after touching 11,200-300 can shoot around 9000-9400.
Hence the stocks in Indian Stock Markets will follow.