Harmonic Patterns
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
What to trade tomorrow..!!(8-July)Asianpaints Target1 : 1760 Target 2: 1780
Escorts : Price action
Bajajfinance : Target 1: 3271 Target 2 : 3300+ (If nifty supports direction)
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
ITC - Bearish Gartley Final leg Pending 205-207 Target 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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Current Snapshot/ Photo @ 11:59 Hrs / 30th June 2020 – Expected Buying Close from 195
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TradingView Status Update at 11:55 Hrs / 30th June 2020
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11:55 Hrs / 30th June 2020 -ITC Stock Update- Buy ITC If Holds 194.70-195 Zone - (Don't Take The Trade if Goes Below 195) -Upside Target 200 -Above 200 -Look for 205-207. Publishing Video Idea on TradingView
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Trading Strategy
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Plan A ( Short Term Buy )
Buying Close From 195 for Target 1 - 200 / Above 200 Level- Target 2 – 205-207
Which will complete final leg in the Bearish Gartley upside
Plan B (Short Term Strategy- Sell Later)
Getting Resistance in 205-207 Zone once Plan A is targets achieved- Traders can plan for Sell later – Downside Targets
Target 1- 200
Target 2-195
Target 3- 190 & More on downside later to be reviewed next.
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Thanks for watching the video & Your precious time
Market Crashing ALERT !!!! SHORT NIFTY & DON'T INVESTHii
This is trader Kanishk
Today NIFTY ant the INDIAN ECONOMY
This is a crashing ahead. Watch full analysis and take it seriously please.
SHORT NIFTY
DON'T INVEST
This is not the right time to invest.
This is the time for traders
we can earn only by short selling.
Thank you.
Berger Paint Long positional BuyHiii this is trader kanishk
here we saw a prefect breakout of flag pattern of ASCENDING TRIANGLE Pattern
second. there is a retracement on lower time frame which we consider as an opportunity.
i've drawn an trendline . After breakout i am going to buy this.
i am not recommending you, i am just sharing my analysis here.
Nifty - Selling at 10K Repeats!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 -
Only Above 10000 or 10K - look for upside target 10170-10200 else Plan B is our favourite short term strategy
Plan B -
Continue your sell taken close to 10000 for 9800 / Below 9800 for 9700 / Below 9700 for 950-9600- Break of Yellow Channel Downside - It may drop to 9400 & lower targets as discussed.
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Last Nifty Idea -
Roller Coaster Ride 9700 -Done & Out
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Last Idea for Stock - ITC
Selling The Tops at 203
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Last Idea on Global Index - SP500
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To check older ideas use profile page & search box available on the profile page
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Thanks for watching this idea & your precious time. Have a wonderful week ahead
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ONGC - The Next Portfolio Stock Pick @ 60 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 (Short Term Trading) -
Selling Strictly Below 82-83 Zone for Downside Target - 75/72 / Below 70 for 60 levels
Plan B (Long term Trading) -
Portfolio Stock Pick if holds strictly between 55-60 zone/watch 72-75 zone also as picking zone for targets 200+ / 300 + in months & years ahead.
No Trading if falls below 55 levels ------------------------------The Danger Level-------------------------
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TradingView Profile Page to check previous ideas
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Thanks for your precious time & have a lovely Sunday & lovely week ahead.
SP500 Index- Nifty / Stock-ITC/Hindalco/Auropharma- Weekly CheckDisclaimer
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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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SP500 Index - A possible top close to 3200 levels - Reasons for Top or Halting close to 3200
Wave Y = 61.8% of Wave -W
Middle Line of Parallel Channel is close to 3200 levels
Support / Hero turning their roles into Resistance / Villain - Polarity Reversal Concept close to 3200 levels
Index- Nifty
Nifty May Halt with Double Top at 10175 / Below 10175 for 10050 / Below 10050 for 9950 / More below 9950
Stock -ITC
Sell Below below 200 (strictly) for 195-196 / Below 195 for 190 / Below 190 for 185-186
Stock - Hindalco
Selling below 150-151 (Strict Stops above 151) Target -148 / 145.50 / 143 / 138 / 130-132
Stock - Auropharma
Selling next below 721 for Target 700 & Below 700 for 650-660 zone
Nifty - H&S Pattern or Hide & Seek Sell Below 9450/9375Disclaimer
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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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Hide & Seek = In Hindi called "Luka Chipi" - This Video Starts with a lovely musical piece from Bollywood Movie - "Do Anjane" - "Luk Chip Jao Na" lead role played by Senior Bachchan- Bollywood Super Hero.
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Trading Strategy
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Plan A
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Sell Strictly below 9450 for 9375 / Continue Sell later only below 9375 for
Target 1 - 9175-9161
Target 2 - Below 9175 for 8980-9000
Target 3 - Below 8950 for 8800 & 8700
Plan B
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Selling The Alternate Bat Pattern in the zone 9650-9700 ( If Stops) with strict Stops above 9735 for
Target - 9450 / Below 9450 for 9375 / Below 9375 for 9175-9161
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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.
Tata Steel - WaveTalks - Can Tata "Steal" The Shine !!! 250-300+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
Tata Steel
Tata Steel is a portfolio stock -If I am correct & it holds above 250 (strictly) or later below 250 - we look for buying opportunity close 180-200 zone which another important support for Targets
300 / 520 / Above 520 for 650 & crossing 750 - Wonder Waves (Wave 3)- Waves to behold as written in books.
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Auropharma
Last Video Idea - Is it Ready for Explosive Journey !!!
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ITC
Bullish Bat from 157-158 Zone for 162/165/170/176
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Nifty Index
Selling The Channel Top With Harmonic Pattern at 9850
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Wonder Waves Part 1 - Picking The Bottoms at 7700
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Wonder Waves Part 2- Can Patterns Repeat at 8055
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Wonder Waves Part 3 - Traditional Patterns Target -9600
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Thanks for watching the video & your precious time.
Auropharma - WaveTalks-Is it Ready for Explosive Journey 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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Trading Strategy
Short Term
Plan A -
Look to Buy if 615-625 zone is holded as support & upside we can expect target of 680-685
Plan B -
Look to continue your Buy from Plan - A if crosses above 695-700 zone - Expect upside target as 795-810 zone
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Long Term
Plan C -
Look to Buy only above 840 for 890 / Above 900 for 1200 / 1400 /1600 + years ahead
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Plan D -
If stock faces resistance in 795-810 zone look to sell for downside target of 650 /545 with strict stops above 810
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First Idea 2016
Terminal Thrust Above 814
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Idea Published in April 2019
Will it repeat the fall of 2016
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Thanks for watching this video & your precious time.
Nifty - Selling at the Channel Top-9850 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
Bullish Butterfly Pattern Valid & Active - Once 9200 crosses & holds as support
Target 1 - 9400
Target 2 - Above 9400 for 9500
Target 3 - Above 9500 for 9600
Plan B
Reaching in the zone 9600- 9750 - Traders should be careful of Resistance zone formed for Island Reversal Pattern -The most important zone
Resistance in 9600- 9750 - Stops in that zone -preferably sell below 9600 or close to 9700 or 9750 levels (Note- No selling above 9700 & No selling above 9750)
Downside Targets
Target 1 - 9400
Target 2 - 9200
Target 3- Sell Only below 9125-9150 only for 8900 /8700
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Previous Ideas Video Link
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Wonder Waves Part 1 - Nifty - Wonder Waves -Picking The Bottoms at 7700
Wonder Waves Part 2 - Nifty -Wonder Waves Part 2-Can Patterns Repeat from Bottoms 8055
Wonder Waves Part 3 - Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600)
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Thanks for watching this video & your precious time - Have wonderful week ahead
ITC - Turned into STC - Will You Buy at 170-172?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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Targets Upside (Strictly Holding 170's)
176
179
180-182
Above 182-185 - No Trade Zone
If Stops in 180-182 ( Strict Stops above 183)-------------Target Downside 179 / 176 / 170 / Below 170 - 158-160
Thanks for watching this video.
Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600)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 once crosses & strictly holds above 9150 for 9350-9400 target zone
Plan B -
Buy once crosses & strictly holds above 9400 for 9600 - 9700 target zone
Plan C -
Sell If Strictly holds below 9700 for 9400 / Below 9350 for 9150 / Below 9125 for 8700 / Below 8675 for 8400 / Below 8350 for 8250 / Below 8250 for 8000-8050
Plan D -
Consider Selling -If Holds below 8050 - Target 7500-7550 & Below 7500 for 6900
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Snapshot - 26th April 2020
ITC - Selling Below 183 & Buying in 170-172 (Bullish Alt Bat)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 Always Requires Patience.
As suggested in my status update yesterday at 15:21 Hrs / 22nd April 2020
Status Update
15:21 Hrs / 22nd April 2020 - Be careful on benchmark Index @ 9200 / Stock - ITC @ 182.40 & few other stocks could make Index slip hard downside. ITC if holds below 183 (Strictly)-Expect 179/176/171 next on downside
Learn more about "Status Update" through Index Nifty Ideas - "Wonder Waves Part 1 & Part 2"
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Trading Strategy
Selling Below 183 ------Target -179 / 176 / 171 & Later If stock holds in 170-172 zone then we have classic bookish Alternate Bat Pattern - Holding Above 170 strictly -look for 176 / 179 / 183 copied back to back.
Alternate Bullish Bat Harmonic Pattern
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Note ---Not Available for Personal Messages or Chat - Apologies. Best way to connect is always comment section below the idea published.
Nifty - BankNifty - USDINR - DOWDOW
Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target
USD INR
Monthly has made a Bearish Harmonic AB=CD.
Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target
Daily has also made a Bearish Harmonic AB=CD. Ideally sustaining below 74.25 would trigger a decline
BANK NIFTY
Monthly Kijun 28100-27400 crucial for upside.
Weekly has made a Bullish Harmonic Reciprocal AB=CD also, if that fails to hold then 26500 would become a possible target.
Daily has made a Bullish Harmonic Bat at FRI low
NIFTY
Monthly 1st support at FRI low if breached again then 10550 resistance 11200
Weekly 10850 needs to be held on closing basis else it opens for 10550 and then 9800. It also has a Bullish Reciprocal AB=CD at 10800-10750.
Daily has made a Bullish Harmonic Bat at FRI low.
For it to start reversing and moving up it needs to get above the following resistance lines 11050 / 11200 / 11500