Elliotwavecount
TataSteel -Playing The Wedge(Holding Above 337 look for 343/348)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 -
Buy strictly above 336-337 ( Strict Stops Below 336) for Upside Target 343 & Above 343 for 348
Plan B-
Sell Later close from 348 Highs - Target Downside - Target 1- 328 / Target 2- 312 / Target 3- 300
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Last Tata Steel Wave Count on the Larger degree
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Thanks & Regards
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
Auropharma - B- Wave Shift Can Cause Havoc 790-810 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 ( Long Term Analysis)
As suggested several times 790-810 is the danger zone so you better be careful as any small indication of the fall below 810 can take this stock deep down which will be reviewed later
Strictly - No Selling if crosses above 810 levels
Plan B (Short term)
Any move above 810 - You can expect upside push to 830/840 zone but strictly above 810 levels only
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Nifty for 19th June 2020
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Review of 18th June 2020
Intraday Push of 100 points above 10000. Hope you enjoyed.
What Next - 19th June 2020
Have Bearish Gartley Structure at 10100 Levels Exact
Plan A
Selling Strictly below 10100 levels for 9950 -Target 1 & Dropping below 9950 -Expect more on downside
Plan B
Moving Above 10100 - This harmonic pattern -Throw away & expect 10170-10200 as suggested earlier -strictly above 10100 levels
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Profile Page for checking older ideas - Use search box for any particular stock
in.tradingview.com
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Thanks for watching the video & your precious time
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.
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.
Bullish Raymond ? Raymond was mentioned in the NSE Website as Price band hitter on 8th November, 2019, with reporting huge volume on 8th November, 2019.
It's worth noticing the stock has moved over 200 points in the last 4 working days. The trend seems to be bullish. Please check out the NSE Website for the volumes and OI in Raymond before carrying out any positions in the stock. If, there is a considerable change in OI or volume, you can consider the stock.
Nifty: A Deeper EW CountIn my previous post on Nifty I observed that we are in a possible wave iii of the larger 5th. See below...
We have been correcting from the 'double up' level mentioned in that post and a casual look at the chart has been yelling the beginning of wave iv.
But a deeper EW count has been telling something else to me. I know that there could be many conflicting counts on this chart but this one is the most preferred by me.
This analysis is for a sub-wave which starts from 10033. According to this count we are in wave (iv) of this sub-wave. I have drawn a Potential Reversal Zone (10430-10605) which may offer a nice buying opportunity. If this count is correct, we 'll reverse from this zone and resume the uptrend of wave iii of 5th (see previous post for clarity on wave iii and 5th).
Remember that this count would fail below 10405, so this can be taken as stop-loss level.
Trade Safe
Keep liking for better ideas.
Regards
Bravo