NIFTY : ZIGZAG CORRECTION AHEADAfter a recent high of 11800 , nifty has given a fall to the level of 11185 with a pattern called a LEADING DIAGONAL.
Leading Diagonal is formed when a new trend is going to start or at the starting of a ZIGZAG CORRECTION for the prior move.
As per the current structure , we can assume it is going to have a zigzag correction.
Trading Strategy:
Sell in the range of 11600-11700 keeping stop loss of 11810 for the target zone of 11200/11090/10900
Elliottwaveforecasts
Hindalco Wave Review (Recent High @ 203) - Final Wave E-ExpectedVideo Idea Shall Have Quick Review
Hindalco
BankNifty
Nifty
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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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Note
For Educational Purpose- not to be considered a buy or sell idea.
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USDCAD- case of Ending diagonalVery soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take place. Important levels are 1.30800 as the last & Above: 1.32400 reversal confirmation.
RELIANCE: READY TRIANGULAR THRUSTCurrent price structure suggest that the triangular wave structure has been completed already as we have got he final setback as wave-e. One should go long with SL of wave-c for the targets which are mentioned on the charts. The price breakout & sustainability above the level of wave-d will bolster this idea.
ICICI Bank - Target Upside 380 & Above 380 for 410Disclaimer
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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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Plan A - Buy with strict stops below 345 for Target- 380 / Above 380 for 410-420 (Not Valid Below -345)
Plan B - Sell ----------If Stops bet 410-420 zone upside Target 380 / 347 /338 / 325 /287
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-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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Auropharma - B- Wave Shift Can Cause Havoc 790-810 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 ( Long Term Analysis)
As suggested several times 790-810 is the danger zone so you better be careful as any small indication of the fall below 810 can take this stock deep down which will be reviewed later
Strictly - No Selling if crosses above 810 levels
Plan B (Short term)
Any move above 810 - You can expect upside push to 830/840 zone but strictly above 810 levels only
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Nifty for 19th June 2020
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Review of 18th June 2020
Intraday Push of 100 points above 10000. Hope you enjoyed.
What Next - 19th June 2020
Have Bearish Gartley Structure at 10100 Levels Exact
Plan A
Selling Strictly below 10100 levels for 9950 -Target 1 & Dropping below 9950 -Expect more on downside
Plan B
Moving Above 10100 - This harmonic pattern -Throw away & expect 10170-10200 as suggested earlier -strictly above 10100 levels
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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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