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
Elliottwaveretracement
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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ITC - Count Seven & Go To Heaven (Wave Analysis)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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Once Seven Waves are done on the upside- structure completes & Next larger degree wave could start soon for ITC which most probably points to the downside direction but as a trader, we have to put proper risk management to get a maximum advantage (check trading strategy mentioned below)
Importance of Number Seven
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Number 7 came from - Seven headed flying horse - "Uchchaihshravas" was obtained during churning of milk ocean (Samudra Manthan - as suggested Hindi)
Horses signify
Seven days in a week
Seven sages called Saptarishi
Seven colours of the rainbow
Seven Chakras of Yoga
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Last TradingView Status Update
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11:36 Hrs / 9th July 2020 - ITC Stock Update - Please check last idea-"Bearish Gartley" Suggested Buy above 195 for 200 & 205-207. We can repeat the same strategy again. Strictly Buy Above 195 for 200 & 205 upsides or Sell Below 194. Thanks
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TradingView Profile Page for Previous “ITC” stock ideas
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in.tradingview.com
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Trading Strategy
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Plan A
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Strictly holding above 195 – look for Target 1- 200 & Target 2 – 205/207 which is valid & open only if the stock crosses above 200 & holds – that means it should not slip or fall below 200 level
Plan B
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Strictly Selling below 194 for Target 1 – 190/191 & Target 2 – 185 open or valid if stock slips below 190
Plan C
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No trade zone or strictly avoid any trading between 194-195 zone & Execute Plan A or Plan B according to the price movement
Plan D ( Long Term Analysis)
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Scenario – Reaches close to 209 & fails to cross on the upside then sell or if crosses above 209.50 then sell later – Target 1 – 180 / Target 2 (Strictly Below 180) for 157-158 / Target 3 – (Strictly Below 157-158) – 135 which is final target downside
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Thanks for watching the idea. Take Good Care of Yourself & dear ones. Good Night
Nifty -Possible Leading Diagonal-Selling from the Tops @10550Disclaimer
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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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Leading Diagonal (Type 1 Diagonal) Question in Level 3 CMT Exam
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Real-Life Story - In 2015 - Got Question in The Final Level 3 -CMT Exam - What is Type 1 Diagonal which I got a logical solution just by connecting the pieces & thinking about Ending Diagonal (Type 2 Diagonal) which ends the structure whereas Leading Diagonal (Type 1 Diagonal) starts the structure- helped me to crack the question.
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Questions which we need to ask ourself in the current scenario - Is this a Big Leading Diagonal from 7512 to 10552 then also deep retracement is possible & holding 7700-8000 zone with minor supports 8800-9000 can open the extreme bullish scenario
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Trading Strategy
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Selling From 10540-10560 as suggested in the previous video ideas & status update or Sell Below 10300 for 10000 / Below 9950 for 9700-9725 / Below 9700 for 9550 -More on the downside if 9500 gets broken
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TradingView Profile Page
in.tradingview.com
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ITC-B-Point Magical Pull 194-195-Selling The Tops!(Nifty @10552)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
Selling The tops 194-195 as suggested last week from the Video Idea - Shark Bounce Expected 194-195. Expect 190-191 (Target 1) / Below 190 for 183.50-185 (Target 2)
Last Video Idea - ITC
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Plan B
Selling below 183.50 (Strictly) for 180 / Below 180 -More on downside----------------or-------------------Buying Above 183.50 if 183.50 is not pierced downside
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India Nifty Update
Selling The Tops 10540-10560 zone as suggested in the Reliance Last Video Idea
Nifty Snapshot Tops at 10552 Highs- 24th June 2020
Reliance Last Video Idea - Part 2- Careful Below 1600 Highs
ITC - Shark Bounce Expected Above 185 to 194-195 & Sell LaterDisclaimer
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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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Stock - ITC
As per the
last update in Nifty Idea - Moving above 186 Expect Upside 194-195
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Stock - Auropharma
Got Small Fall from 792-795 to 785 - Expect Upside Push Back if crosses above 785 & holds
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Nifty
Plan A - The Alternate Plan as suggested in last video idea to Buy Above 10000 for 10170/10200 was suggested once it crossed above 10000 levels & above
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Last Idea - Nifty - Selling at 10K Repeats!
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