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Elliottwaveprojection

Nifty - India (Buy & Hold)-C- Wave or Corona Wave - What Next ?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. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Longer Term Waves description & Target -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Stellium Effect Video Idea (Click below) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Dollar Rupee Video Idea - Next Path holding 70.35 -Expect 72.25 & More on upside ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- DowJones Last Idea - Reminds me of Niagara Falls 29500 to 24680 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TradingView Profile Page in.tradingview.com -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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
NSE:NIFTY
by WaveTalks
221
A tale for Bulls.Traders and some people are still biased bullish after we broke the long term support trend line , the market is trying to say something follow the trend MA's are curling down price is out of the weekly Ichimoku cloud my next confirmation of a longer term bear market will be if we have a monthly MACD cross ,3 day CMF going negative , weekly RSI going below 40 , Volume is drying up and it only picks up on the sell side, on the flip side people are misleading others to buy the dip if you are a pro you can buy the dip and get out but if you are a retail investor wait for the right moment let the scales tip, Next misleading fact institutions are buying lets be realistic here they are not stupid they have fund managers and TA analysts with vast years of experience and they wont buy in unless there are clear signs of reversal. I am neither a Pera bull or a Perma bear , I just follow what the trend says. Now as I am doing this full time I'll keep on updating this chart every Sunday as the timing of this correction might change or a particular wave gets invalidated. Shorted my positions at 15500 and 13000.
BITSTAMP:BTCUSDShort
by Cryptoburnt
Nifty weekly chart analysis Elliot wave from 1990 till 2019Here is a chart of weekly Nifty. Some observation from 1990 till 2019. So here I think we saw the highest level of Nifty @ 12103 which let us assume as completion of Wave 5(Elliot wave). Now we have entered the bearish zone which is going to be volatile as seen in the year 2k and 2008... 2019 can be the third phase of correction for the Nifty index. Now if you see the charts please also see that whenever the bearish wave C is complete it bottoms out somewhere near wave 4 low approx. So, if we assume that this is actually a slowdown and we may see a crash, our lows are placed somewhere near 6825 which is low of wave 4. This is just a probability of how the market could crash in the next 6 to 12 months. Right now we don't have any such events happening in our country that we may see 12k plus nifty so soon. The global economy is slowing down guys!!! Red thin lines near the CMP are the immediate supports. A selling is seen for the last 9 weeks which may result in a pullback. So, everytime we pull up, its just sell on rise. Do not invest every penny now. If nifty is seen at half levels from here everything will be at cheap levels. Be wise and rise in the market.
NSE:NIFTY
by abhijitgujarathi15