Indigo- Channel has to be broken for downside move 1290Last Price- 1365 / 10:39 Hrs / 14th Oct2020
Trading Strategy
Plan A
Holding above the channel & above 1355 - stock can attempt upside of 1395/1400 levels but traders have be careful at the tops once upside target is reached
Plan B
Once channel is broken & stock falls below 1355- that will confirm that short term down move has started for 1290 & lower levels
Elliottwaveforecasts
AshokLeyland- The Big Move 40 to 83- My Next Portfolio StockDisclaimer
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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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Portfolio Picking Zone
Zone 1- Between 60 & 65 - If drops below 60 then plan your stock pick between Zone 2- Between 40 & 45 zone
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ONGC - Portfolio Stock Pick @ 60
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Thanks for watching the idea. Have a wonderful time ahead.
Auropharma- B-Wave Shift Can Cause Havoc- Part 2Short Term Trading Plan
Last Price- 819.40
Short Term Buy Above 820 (Strictly follow the levels) for 835-840
If crosses above 840 / 845 zone then extends upside to 855 / 870 -
Long Term Trading Plan
Careful at the tops as fall may start later for downside target 735 & even lower in Larger Degree -Wave C
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B-Wave Extended to 968 Highs & Drop Started
USDINR- Dollar Rupee Key Level- 73.00Key Zone - 72.50 / 73.00
Holding The Key Zone - Expect Upside - 74.00 / Strictly Above 74.00 for 75.00-75.20
Falling Below 72.50 / 73.00
Downside Key levels - 70.70 / Falling strictly below 70.70 for 68.00-68.30
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Last USDINR Idea - Jan2020- Next Path
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Nifty- Wave 4 Done at 11305 (62% retraced)- Careful !!!For Educational Purpose
Do not consider this a trading call. Consult a financial advisor before executing any trades. "Risk Management" is the most important lesson -a trader has to learn before taking any trades.
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Wave Analysis Key Points for Nifty Index Moves
Last Price- 11254 / 10:28 Hrs / 29th Sep 2020
• The fall 11618 to 10790 – an impulsive fall
• Nifty retraced 62% (current bounce) of the fall from 11618 to 10790 which is 11305
• 62% level which comes at 11305 is the most important resistance level
• Keeping in mind 11300 –trader’s should decide their next course of action
• Chart representation ( such as "red arrow" marked downside is for author’s reference)
• Kindly do the due diligence before taking any trades
• Have a wonderful session ahead
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Second Last Idea -Nifty crack from 11620 to 11085
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Last Idea - Nifty bounce expected "holding above 11085"
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