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Elliottwaveideas

Reliance-Wave Talks Part 2- Careful at 1600 Highs/Nifty/DowJonesDisclaimer ----------------------------- 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. -------------------------------------------------------------------------------------------------------------------------------- Trading Strategy -------------------- 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 ---------------------------------------------------------------------------------------------------------------------------- TradingView Profile Page to check older ideas in.tradingview.com --------------------------------------------------------------------------------------------------------------------------- Thanks for watching this video & your precious time.
NSE:RELIANCE
by WaveTalks
46
Nifty - Roller Coaster Ride 9700- Done & Out!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. ------------------------------------------------------------------------------------------------------------------------------ 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. ---------------------------------------------------------------------------------------------------------------------------- Last Stock Idea - ITC Selling The Tops at 203 Highs ---------------------------------------------------------------------------------------------------------------------------- Last Idea on S&P500 Index --------------------------------------------------------------------------------------------------------------------------- TradingView Profile Page- To check older ideas in.tradingview.com -------------------------------------------------------------------------------------------------------------------------- Thanks for watching this idea & your precious time. Have a wonderful week ahead
NSE:NIFTY
by WaveTalks
39
Elliott wave analysis on relianceAfter completion of B leg of Flat correction it seems reliance has resumed C leg. Two types of entries are possible in this scenario 1) We wait for retracement of wave 1 upto 61.8% levels and after confirmation intiate short position 2)We enter short after close below the end of wave 1 SL in both case will be invalidation point above which we will have to reassess our wave count. Expected Target for wave 3 will be 161.8% of wave 1 Counts will be updated as the waves are unfolded untill that possible levels are plotted on the chart. Trading is a game of probabilities. Always before initiating a trade wait for the position to reach levels and initiate position after entry criterias are met. This is an educational post. Trade on your own risks.
NSE:RELIANCE
by AmPe_stockanalytics
2