Elliottwaveforecasts
Auropharma - Cracks Again Part 2 (Reached close to 800)Disclaimer
-----------------------------
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.
-------------------------------------------------------------------------------------------------------------------------------
Last Price- 784 / 12:48 Hrs / 5th Nov2020
Suggested in last idea- Stock reached close to 800 & started downside move. Hope you took the advantage of selling at tops close to 800
Risk was 5-10 points
Downside is open for 750/738 & even lower
Move has already started - If missed then risk becomes bigger & I won't advise to take sell as stops were above 800 -key level
------------------------------------------
Last Idea - Auropharma
-------------------------------------------
Nifty- Leading Diagonal Fall from 11920Last Price - 11860 / 10:37 Hrs -4th Nov2020
This view is not valid if Nifty crosses above 11930
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Already suggested in last video idea - US Markets are doing retracement for the last week's fall & 3550 is the key level so any upside move is just bounce back rally
You just need to identify the key levels to take sell / short position according to your own risk involved in trading
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
• Leading Diagonal's are the structure which normally gets retraced 80/90 %
• Structure started at 11969
• Today's high - 11920
• If the pattern is correct- all the gains shall be wiped out & Index falls to 11600/11500 (keep in mind- view not valid above 11930)
----------------------------
Last Idea
----------------------------
Nifty - Don't forget your levels - Can It Crack! (11825)Disclaimer
-----------------------------
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.
-----------------------------------------------------------------------------------------------------------------------------
Last Price- 11815 / 12:43 Hrs - 3rd Nov2020
Quick Recap of U.S. Index - SP500/US500
As mentioned in last Nifty update- key levels to watch
11790
11825
11870-11880
---------------------------------
Last SP500 / US500 Idea
--------------------------------
---------------------------------
Last Nifty Idea
---------------------------------
Nifty - Heavyweight Reliance Cracks 7% - Will Nifty Crack Next?Last - 11635/b]
Heavyweight Reliance Cracks 7% (2065 to 1897) on disappointing results as discussed in overnight idea @ 1st Nov2020 & the personality confirms that stock could be in wave-3 or wave-C which was warned earlier that below 2000 - stock can have trouble.
------------------------------------------------------------------------------------------------------------------------------
Most of the stocks discussed has witnessed good intraday fall
-------------------------------------------------------------------------------------------
Tata steel - Fall from 411/413 zone to 400
Auropharma - running close to 750's
ITC - Falling in desired direction of 157 with key support 165-167 zone
USDINR- Halting close to 74.50 key level
-----------------------------------------------------------------------------------------------------------------------------
Idea Published @ 1stNov2020
----------------------------------------------------------------------------------------------------------------------------
Will Nifty Crack Next ?
---------------------------------------------
Moves are choppy & possible new upside can be expected only above 11700 & later should cross 11745/11750 key levels. Failing to cross key levels, index can slip to 11550 / 11380-11420 zone
Target 1- 11550
Target 2 - 11380-11420
Parallel channel drawn from lows of 7511 connecting 10790 (discussed in last night video idea) -extended upside can offer support in 11380-11420 with minor support close to 11550 level.
Thanks
Nifty- History May Repeat Again! Disclaimer
-----------------------------
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.
-------------------------------------------------------------------------------------------------------------------------------
For Educational Purpose
------------------------------------------------------------------------------------------------------------------------------
History May Repeat Again – Ask this question to yourself & get the answer. Thanks
In This Video Idea – We do quick recap for stocks
• Reliance
• Auropharma
• Tatasteel
• USDINR
• ITC
• Nifty Index to close the video
Nifty Outlook- Ascending Triangle (Trading Plan) (22nd Oct2020)Traditional Chart Pattern- Ascending Triangle Discussed along with trading strategies in Hindi & English both. Thanks for watching the video
Active Currently - Plan A - Sell Below 11955 for 11790-11810 target zone (Stops- 11960)
Plan B- Buy in 11790-11810 with stops below 11750/11760 for target zone 11980-12000
Plan C- Sell Below (Strictly Stops above 12025) for target zone 11870-11880
Plan D- Buy in 11850-11875 with stops below 11790 target 12025 / 12250 +
Tata steel- Careful at the tops @393-395View is valid only below 395 levels- Do not sell if stock not falling below or holding above this level.
Looks all mess upside & choppy moves. Possibly finishing Wave-x (circled) within Wave-Y. Only if Index Nifty moves above 12025 - I will avoid selling else -I am looking for steel to fall in final wave -Y
Targets - 385-387 / Below 385- Target -370 / Below 370 Only- Target -360/ Below 360 (Strictly follow the levels) -343 & Final Target - 300 in next few weeks & months ahead.
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
AshokLeyland- The Big Move 40 to 83- My Next Portfolio StockDisclaimer
-----------------------------
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.
-----------------------------
Portfolio Picking Zone
Zone 1- Between 60 & 65 - If drops below 60 then plan your stock pick between Zone 2- Between 40 & 45 zone
--------------------------------------------------------------------------------------------------------------------------
ONGC - Portfolio Stock Pick @ 60
-------------------------------------------------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
Last USDINR Idea - Jan2020- Next Path
--------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------






















