• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post
financial crisis
• Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time
consuming pattern – taking this as primary or main view.
• Wedge or Diagonals are Time consuming patterns which can be a possibility once more...
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
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
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******** 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...
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
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Last ITC Idea - Sideways Push 197 to...
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...
Target achieved 2018 to 1900 as expected ( Recent Low - 1905) 🎯🎯🎯as per last idea
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Most Important Resistance ⚠️ 2022 ⚠️
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Trading Strategy
Plan A
Started from the bottoms close to 1900 on 7th /8th Jan2021- Most Important ⚠️Support Level⚠️- Look...
Head & Shoulder Pattern Formed --------------Key Level 31500 Holds & Index falls approx. 500 points just below 31500
Heading for Target 2 - 30500
Prior to that - Buy target was achieved from close to 31200 levels suggested on 1st Jan2021.
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Bank Nifty Last Idea - Buy...
Note- View shall be valid only below key level- 209.40
Expecting a fall below 209.40 for 164. Shall review later once we get more price updates moving forward.
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Last Idea on ITC (Fall Below 209.40 to 165)- Count Seven & Go to Heaven...
After the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$)
The target level should be the recent highs that is 138$ and post that level the triangular thrust...
This is short term view & holds valid till Nifty Index holds above 12625/12650 - You can expect impulsive move towards 12770/12850 - targets upside ( careful at tops) - if crosses 13K then structure has to be reviewed back. Thanks
You need to be careful as suggested in closing comment of Reliance Idea published last (mentioned...
(Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk)
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Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence...
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...
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...
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...
