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Polarity

Nifty - Roller Coaster Ride 9700- Done & Out!Disclaimer ----------------------------- 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. ------------------------------------------------------------------------------------------------------------------------------ Trading Strategy Plan A - Global Markets Positive as of current session -16th June 2020. Tomorrow, Nifty can open gap up above 9900 - Holding above 9900 levels - Targets can be 10000 / 10170-10200 zone Plan B - If stops at channel top in 10170-10200 zone or close by levels then get ready if Index starts falling first & you join them later for downside target from the tops of 10170-10200 to 9900 / Below 9900 -9800 / Below 9800 -9700 / Below 9700 for 9550-9600 (Yellow Channel Support) Plan C - Breaking of Yellow Channel Shown on downside & below 9550-9600 key zone -Expect Targets 9375-9400 / Below 9375 for 9175-9200 / Below 9150 for 9000 / Below 8950 for 8700 & lower targets. ---------------------------------------------------------------------------------------------------------------------------- Last Stock Idea - ITC Selling The Tops at 203 Highs ---------------------------------------------------------------------------------------------------------------------------- Last Idea on S&P500 Index --------------------------------------------------------------------------------------------------------------------------- TradingView Profile Page- To check older ideas in.tradingview.com -------------------------------------------------------------------------------------------------------------------------- Thanks for watching this idea & your precious time. Have a wonderful week ahead
NSE:NIFTY
by WaveTalks
39
SP500 Index- Nifty / Stock-ITC/Hindalco/Auropharma- Weekly CheckDisclaimer ----------------------------- 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. ----------------------------- 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
OANDA:SPX500USD
by WaveTalks
42
Indusind Bank: Tops The Stops -Misses Street Estimate High-1585Idea getting time to upload so status update was put --------------------------------------------------------------------------------------------------------------------------------------------- Status Update as of 08:54 Hrs / 15th Jan 2020 08:54 Hrs / 15th Jan 2020 - Happy Makar Sankranti - Indusind Idea getting uploaded. Depends on uploading time. Risky Traders - looks to fall below 1580-1600 zone so stops above 1600 / safe traders sell below 1440/1395 for lower targets. Thanks --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Risky Traders Sell on open with strict stops above 1600 or wait to sell on bounce but avoid selling if crosses 1585 - later put stops above 1600 Target 1 - 1350 Target 2 - 1250 Target 3 - 1185 Target 4 - 1035 Safe Traders Sell only below 1440 & later continue sell if falls below 1385 else avoid selling & book partial profits - have a look at risky traders strategy. Targets are same as mentioned for Risky Traders above. Wish You All A HAppy Makar Sankranti !!!
NSE:INDUSINDBKShort
by WaveTalks
15
Auropharma – 831 to 750 - A crack!Auropharma – 831 to 750 What a crack! Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018. If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true scenario for an analyst. Flashback Overnight (As of 4 - 6th Dec 2018) , Auro was moving within rising wedge –a common term used by traditional analyst until I came to know about wave analysis where the same structure was termed as “ending diagonal” – a overlapping structure which indicated that the upward structure could be ending soon. Rising Wedge When a financial instrument (which could be stocks, forex, commodities, bonds etc,) price has been rising over time, trendlines drawn above and below the price chart pattern can converge to show a potential reversal point at a peak. This reversal point can indicate a bearish price point signal in which the security’s price is subsequently expected to reverse lower. In our case the peak was 831 High and we got excellent selling opportunity close to the peak at 825-826 zone – High was 826.70/826.80- rest is the history Target achieved – 794 as suggested over the video with small pause and breaks at 815 -810 zone. This pattern is used by traditional analyst and wave analyst Books – Technical Analysis -Edwards and Magee ,Wave Analysis - Frost and Prechter Polarity Reversal = History Repeats What happens is that history essentially repeats itself, but the role of price at that level changes from resistance to support and vice versa. Polarity Reversal concept explained in my favorite book which was the first one I referred for the journey of technical analysis written by – Edwards and Magee. Important Polarity Reversal zones in last week 790-792 777-775 Candlestick Analysis Evening Star – 3 candlestick pattern as suggested in the book – Candlestick Analysis by Steve Nison Steve Nison – Father of Candlestick Analysis. Book – Candlestick Analysis by Steve Nison Harmonic Analysis Bearish Crab - Excellent Harmonic Structure occurring at 831 was an amazing clue Book - Harmonic Analysis by Scott Carney Trendline / Channels Book – Technical Analysis by Edwards and Magee is the reference book. Financial Astrology Term used by financial astrologer- “Retrograde” was also updated in previous video idea of the Nifty Index – “Mercury, Markets and Mayhem below 10800” – Mercury retrograde runs till 6th Dec 2018 – if you haven’t gone crazy – don’t worry market will make you crazy. Note- As updated/suggested on 29th / 30th Nov 2018 in last Nifty Video Idea comment section –we expected to be cautious from 10950-11000 zone which was danger zone What type of analyst are you? You just had to pick and execute –rest you were bound to enjoy the markets. Finally, It was kaka’s blessing directly from Bollywood (Kaka – Late Rajesh Khanna) – stands out to be real tribute to this Bollywood actor in the creative way (audio clip) as updated in last video idea. Thanks.
NSE:AUROPHARMAEducation
by WaveTalks
27