Granuels India - Final Waves Unfolding from 2008/2009 Bottoms• 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 price details
are available
• Alternate Scenario / view-
If Stock moves vertical above 600-700 zone that could be early signal that it has potential for
bigger moves later but failing to cross the suggested zone will also call markets participants to be
cautious at the new highs
• Short Term Trading
Buy in 300-325 zone with stops below 280 for Target 1- 375/380 & Above 380 for Target 2-
450/500+ or Buy Above 380 if fails to drop in 300-325 zone.
• Long Term Trading
Once stock has new highs possibly in 600-700 zone & fails to move further or consuming lot of
time then participants have to be careful & review would be required at later stage.
*** Avoid Taking Long Positions if stock falls below 280 levels ***
Thanks & Best Wishes
Elliottwaveideas
Reliance- Important Support Zone 1890-1900 (Catching The BottomsMarket 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- Falling below 1890 which is critical level-it may retest 1835 & new low expected ************
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Once it crosses above 2020 - upside extension can be seen to 2050-2075 where traders have to be careful
Last Idea- What a top @ 2120
Reliance - (Wave Analysis) Cracks 4% - What A Top at 2120!!!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
Reliance- Wave-e -is it done! ( What A Top @ 1975)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 1970-1985 but strictly consider selling only below 1985
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Last Reliance Idea- Triangle Extended ( Look for Wave-E Upside)
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ITC -What A Push Above 200 to 213( Proposed Triangle)-What Next?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 213- completed
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Reliance -Triangle Extended- ( Fall Done- 2018 to 1905)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 for 1950 (Target 1) / 1975/1980 (Target 2)
Plan B
Once it reaches close in 1950 & Above in 1975-1985 - Traders have to be careful as very much possible -Plan C
Plan C
Selling only below 1985 strictly & best only between 1970-1985 for Target 1 - 1900-1910 Zone /
Target 2 - 1835-1850 / Target 3 - 1750-1775 (Below 1835)
ITC - Careful Below 209.40 (Wave Analysis)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
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Bank Nifty-Cracks 31490 to 31000 in H&S Pattern(Target Achieved)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 Above 31200 & Sell Below 31500
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APPLE : READY for TRIANGULAR THRUSTAfter 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 measurement which is the region of 144$.
Don't forget to go through the previous examples of triangular thrust. Below are the links available.
If you like the ideas and learned something, then please do support through likes & tell us your views into the comment section.
Bank Nifty - Emotional Trap Above 26K+ (Butterfly Can Trouble) (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 (if crosses 12025 highs)
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Bank Nifty
• Butterfly above 26K+ can trouble
• Is this the Emotional Trap?
• Post Leading Diagonal which finished at 25232 Highs- Index looks to be running into irregular
correction which at times can deceive traders by its look & appearance- make you believe that it
was an impulse move
• Butterfly can stretch 127 to 162% anywhere in between & has reached minimum criteria of 127% -
which is the lower levels for butterfly harmonic pattern
• Manage your risk & trade accordingly.
Thanks for reading & have an exciting week ahead.
Regards,
Abhishek
Auropharma - Cracks Again Part 2 (Reached close to 800)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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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
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Last Idea - Auropharma
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Nifty - Don't forget your levels - Can It Crack! (11825)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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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
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Last SP500 / US500 Idea
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Last Nifty Idea
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Reliance - (Wave Analysis) Catching The Tops @ 2375 - What Next?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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As per last idea published @ 10th Sep2020 - Reliance was suggested that it could top out above 2300 or the wave after triangle shall be the last wave upside.
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16th Sep2020 - Reliance topped at 2375
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What Next?
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Impulsive move from the tops @2375 Highs
Stock made low @ 1990
Strong Support Zone- 1990-2000
Shall look for bounce back & relief rally
Stock crossing above 2030 can move to 2060 / strictly above 2060 for 2095 or buy as close as possible to 2000 level. No buying if stock falls below 2000- next key level where stock can have trouble
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Don't Miss The Last Few Ideas
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Last Reliance Idea @ 10th Sep2020
Quick Follow up done for Reliance in last video idea of Auropharma
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.
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.
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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.
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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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.
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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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TradingView Profile Page to check older ideas
in.tradingview.com
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Thanks for watching this video & your precious time.
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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TradingView Profile Page- To check older ideas
in.tradingview.com
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Thanks for watching this idea & your precious time. Have a wonderful week ahead