Nifty- Buy Above 12625/12625 for 12770/12850This 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 below)
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Last Reliance Idea
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Elliottwaveretracement
Reliance- Cracks 3% - Has Wave 4 started? Downside (Top-2093)Not A Trading Call. Just for Educational Purpose
Last Price-2010 / 11:46 Hrs / 11th Nov2020
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Recap
Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall from 2310 to 1835 lows.
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Present Day @ 11th Nov2020
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From 2370 Highs - It can be counted as 1-2-3rd wave done at 1835 lows - wave 4 possibly done today @2095 & falling in wave 5 next
Current upside move from 1835 to 2095 retraced close to 50 % can be possible wave-4 done at the tops (not confirmed yet)
Next Support (Don't forget) -1990-2000
Question to ask - Was that Wave 4 done at the tops today or a part of corrective sequence
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Early Snapshot
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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- Leading Diagonal Fall from 11920Last Price - 11860 / 10:37 Hrs -4th Nov2020
This view is not valid if Nifty crosses above 11930
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Already suggested in last video idea - US Markets are doing retracement for the last week's fall & 3550 is the key level so any upside move is just bounce back rally
You just need to identify the key levels to take sell / short position according to your own risk involved in trading
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• Leading Diagonal's are the structure which normally gets retraced 80/90 %
• Structure started at 11969
• Today's high - 11920
• If the pattern is correct- all the gains shall be wiped out & Index falls to 11600/11500 (keep in mind- view not valid above 11930)
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Last Idea
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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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Nifty - Heavyweight Reliance Cracks 7% - Will Nifty Crack Next?Last - 11635/b]
Heavyweight Reliance Cracks 7% (2065 to 1897) on disappointing results as discussed in overnight idea @ 1st Nov2020 & the personality confirms that stock could be in wave-3 or wave-C which was warned earlier that below 2000 - stock can have trouble.
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Most of the stocks discussed has witnessed good intraday fall
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Tata steel - Fall from 411/413 zone to 400
Auropharma - running close to 750's
ITC - Falling in desired direction of 157 with key support 165-167 zone
USDINR- Halting close to 74.50 key level
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Idea Published @ 1stNov2020
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Will Nifty Crack Next ?
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Moves are choppy & possible new upside can be expected only above 11700 & later should cross 11745/11750 key levels. Failing to cross key levels, index can slip to 11550 / 11380-11420 zone
Target 1- 11550
Target 2 - 11380-11420
Parallel channel drawn from lows of 7511 connecting 10790 (discussed in last night video idea) -extended upside can offer support in 11380-11420 with minor support close to 11550 level.
Thanks
Nifty- History May Repeat Again! 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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For Educational Purpose
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History May Repeat Again – Ask this question to yourself & get the answer. Thanks
In This Video Idea – We do quick recap for stocks
• Reliance
• Auropharma
• Tatasteel
• USDINR
• ITC
• Nifty Index to close the video
IOC Impulse Elliot Wave SequenceDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE & Donate Coins to support my analysis)))))-------
Indian Oil is under-performed its other peers post covid fall.
From all time high stock is in stiff downtrend and in parallel channel.
It has formed bottom at start of wave i and retraced nearly 80% of wave i.
Stock may create leading diagonal and should move higher.
With SL 71.6 Long for 110-116 which is wave iii taget 1.618 Fibonacci level
In year or it should touch upper channel line near 125.
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
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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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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.
Auropharma- B-Wave Shift Can Cause Havoc- Part 2Short Term Trading Plan
Last Price- 819.40
Short Term Buy Above 820 (Strictly follow the levels) for 835-840
If crosses above 840 / 845 zone then extends upside to 855 / 870 -
Long Term Trading Plan
Careful at the tops as fall may start later for downside target 735 & even lower in Larger Degree -Wave C
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B-Wave Extended to 968 Highs & Drop Started
USDINR- Dollar Rupee Key Level- 73.00Key Zone - 72.50 / 73.00
Holding The Key Zone - Expect Upside - 74.00 / Strictly Above 74.00 for 75.00-75.20
Falling Below 72.50 / 73.00
Downside Key levels - 70.70 / Falling strictly below 70.70 for 68.00-68.30
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Last USDINR Idea - Jan2020- Next Path
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Tata steel- Wave Counts- Will it Fall to 300 ?Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.
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Wave Analysis
Flat Correction (W X Y) - from the highs of 442 can be completed with one more downside leg or fall close to 300 levels.
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Last Wave Idea on Tata steel - 29th July 2020
Bank Nifty - 22365 (Don't Forget The Level) - Bearish GartleyLast Fall from 22365 & fails to hold 22300 levels mentioned over the idea. Got the fall 22300 to 21400
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Bearish Gartley From Same Level ------- 22365 ( Very Close) --- If BNF holds "below 22365 / 22300 " then we can expect a drop to 21600 -target & going below 21600 - we can expect more fall
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This idea is not valid above ----------- 22365 highs ***
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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