Elliottwaveretracement
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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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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Thanks
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.
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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Previous Ideas can be checked from TradingView Profile Page
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Thanks for watching this video & Thanks for your precious time. Have a wonderful week ahead.
Elliott wave analysis on relianceAfter completion of B leg of Flat correction it seems reliance has resumed C leg. Two types of entries are possible in this scenario
1) We wait for retracement of wave 1 upto 61.8% levels and after confirmation intiate short position
2)We enter short after close below the end of wave 1
SL in both case will be invalidation point above which we will have to reassess our wave count.
Expected Target for wave 3 will be 161.8% of wave 1
Counts will be updated as the waves are unfolded untill that possible levels are plotted on the chart.
Trading is a game of probabilities. Always before initiating a trade wait for the position to reach levels and initiate position after entry criterias are met. This is an educational post. Trade on your own risks.
Nifty #Elliot 4th wave retracmentConsidering 1st wave at 8840 after sharp correction to 7600,
2nd wave corrected to fib 0.618 level to 8070 ,
3rd wave have raised sharply to 9300,
4th wave correction 0.236 level 8571 and possibility of 0.382 level 8360.
5th wave can be expected to raise 1.618 level of 9500 before correction for wave A.