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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Thanks for watching this idea & your precious time. Have a wonderful week ahead
Elliottwaveprojection
ITC - Selling The Tops at 203 - Did You? 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 -
Sell Below 184-185 for 180 - channel support target downside as discussed over the video
Plan B -
Break of the channel "strictly below 180" - Expect 176-177 target zone. Selling only below 175 for 170 & below 170 for 165/160 target.
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Note -
To get status updates- follow your author & make necessary settings changes in ideas stream tab in the vertical panel.
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Nifty Last Idea - Careful at 10 K
Got 1st Fall 10000 to 9500-9600 zone. As per status update @14th June 2020 - Another selling was seen yesterday. Careful at 10000 for 9500-9600 zone / only holding above 10000 -upside extension to 10150-10160 zone possible.
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Reliance Industries - Wave Talks- Careful at 1600 HighsDisclaimer
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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
Safe Traders
Sell below 1390 for 870
Risky Traders
Sell Close to 1600 for 870
-------------------- Do not hold any positions if moves above 1600 ------------------------------------
Thanks for watching this video & your precious time.
SP500 Index- Nifty / Stock-ITC/Hindalco/Auropharma- Weekly CheckDisclaimer
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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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SP500 Index - A possible top close to 3200 levels - Reasons for Top or Halting close to 3200
Wave Y = 61.8% of Wave -W
Middle Line of Parallel Channel is close to 3200 levels
Support / Hero turning their roles into Resistance / Villain - Polarity Reversal Concept close to 3200 levels
Index- Nifty
Nifty May Halt with Double Top at 10175 / Below 10175 for 10050 / Below 10050 for 9950 / More below 9950
Stock -ITC
Sell Below below 200 (strictly) for 195-196 / Below 195 for 190 / Below 190 for 185-186
Stock - Hindalco
Selling below 150-151 (Strict Stops above 151) Target -148 / 145.50 / 143 / 138 / 130-132
Stock - Auropharma
Selling next below 721 for Target 700 & Below 700 for 650-660 zone
Nifty Elliott wave UpdateCurrently Nifty trading pattern is like expanding triangle. Nifty wave (c) -(yellow) is continuing in zigzag pattern and currently price is in second phase of zigzag. There are maximum 3 phase in wave theory. Current price is in wave "c" of (c). Wave "c" should be equal in length of wave "a". So Price near 10320 will be Important to watch either price reverse for bigger degree down trend or take minor correction for 3rd phase of zigzag.
Any break below 9900 will indicate that wave (c) is going to finish with second phase of zigzag and next bigger degree downtrend has been started towards 9400.
At the level of 9400 then will be important for new formation of 7 leg diametric pattern or price fall sharply below 9400 to Complete larger wave
Hindalco - WaveTalks- Proposed Triangle (D-Wave Upside)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
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Break of the Rising Channel Upside - Look for Targets 115-120 zone. Remember, if you can't hold your trades then you should book partial profits in between
Plan B
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Portfolio Stock - Best Buying can be seen in the 115-120 zone for below-mentioned targets later
Target 1 - 145
Target 2 - 175
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Plan C-
In case of stock crosses 175 & 220 highs then it goes beyond 300+ in months & years ahead.
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Short term EW analysis on JUBILANT FOODWORKSC leg of the correction seems to have been started.
Wave 2 is in completion zone so if wave 2 is completed then the price pattern should respect the trendline which is drawn on the chart. If wave 2 is not completed the we will have to revise the trendline.
If W2 is completed and trendline is not breached then SL can be nearest swing high and one can ride the trend.
Note: Pattern gets violated only if price breaches the invalidation point.
L & T elliott wave Chart pattern and trading level.L & T price moving between perfect channel and price is in its corrective wave (b). Wave (b) forming internal double standard of correction in zigzag manner. Price took U turn from 885 level where upper channel was placed. Now price is near lower channel line. Tomorrow If price touch lower channel near 784 may be good buy zone. 784 level is also gann support level.
As per wave perspective price is in a wave of (b) wave and after completion I expect price will touch upper channel line once again.
Auropharma - Live Market Video - Case of Ending Diagonal / WedgeDisclaimer
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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 ( Safe Traders - No Buying below 658 on a closing basis)
Holding 658-660 zone - we are open for an upside push towards Target 1 - 685 / Target 2- Above 685 for 695-700 / Target 3 - Above 700 for 730 to 740
Plan B
This is the selling plan when the pattern gets completed which can be done in 695-700 zone if fails to move above 700 or can complete in 730-740 zone
Selling below 700 (strictly) or Selling close to 730-740 zone for downside Targets mentioned below
Target 1 - 685
Target 2 - 665
Target 3- 625
Target 4- 600
Target 5- Only below 600 (Strictly) for 565 -----which takes the support of weekly channel upper end
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Hope this video helped to learn wave pattern which can be highly rewarding if you can manage your risk properly.
Thanks for your precious time.
Nifty - India (Buy & Hold)-C- Wave or Corona Wave - 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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Thanks for hearing out short audio from our beloved PM - Modi ji & his reasons why India could do well in years ahead.
In 2019, as Prime Minister Narendra Modi won the office for a second term, the Bharatiya Janata Party in power passed about 63 bills in the Parliament this year alone.
The government has taken several key decisions. These historical decisions include
Abrogation of Article 370 provisions,
Triple talaq,
Anti-terror terrorism,
Merger of banks.
PM Kisan Scheme for all farmers -pension yojana etc
The Motor Vehicles (Amendment) Bill
The Insolvency and Bankruptcy Code (Amendment) Bill & list goes on
In a recent summit, Modi ji said- this is just a "Sample- Actual Action Shall Begin Soon" gives a impression that how much confident he is about our country to do well in years ahead.
Well now check out what a wave analyst like me suggest that India is an amazing country & would really do well as expected by Modi ji.
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Longer Term Waves description & Target
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Wave 1 - 10005 to 11981 - Wave 2 ( Divided into 3 Waves "ABC" - Wave A -Down from 11981 to 10670 - Wave B - Upside Choppy from 10670 to 12430 - Wave C - C Wave or Corona Wave from 12430 to 11175
Expected Wave 3 Next
Proposed Long Term Count is valid till channel low @ 11080-11100 holds - going below channel key zone 10630-10670 should - finally critical level 10550-10600 should hold for Wave 3 targets proposed from channel low 11100 so far (which is yet to happen next) - 161.8% of Wave 1 Distance = Approx 14000- 14250 is expected
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Short Term Target
From the cluster zone of 11100- 11150 expect upside targets as mentioned below
Plan A - Targets
11325-11350
Above 11350 - 11525-11550
Above 11550 - 11625-11650
Above 11650 - 11750-11775
Plan B - Targets- (Once starts moving -trail your stops to entry price)
Sell in 11325-11350 - No selling above 11350 - Target : 11080-11100
Sell in 11525-11550 - No Selling above 11550 - Target : 11080-11100
Sell in 11625- 11650 - No selling above 11650 - Target : 11080-11100
Sell in 11750-11775 - No selling above 11775 - Target : 11080-11100
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Stellium Effect Video Idea (Click below)
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Dollar Rupee Video Idea - Next Path holding 70.35 -Expect 72.25 & More on upside
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DowJones Last Idea - Reminds me of Niagara Falls 29500 to 24680
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Thanks for reading the idea - Stay Classy until next idea. Don't forget to plan your portfolio for longer term version - hopefully, let us meet at the other end.
Some of the portfolio stocks discussed
Tata Coffee
Tata Steel
National Aluminium (Nalco), etc