Historic correctionsHello all.!!
I hope you are in the house waiting for news of control of the NOVEL COVID-19, and also thinking why my portfolio is getting deteriorating.
As stock markets touching new 52-weeks lows everyday, Do you know that the highest fall in stock market was in 2008, which was 65% from it's peak. That was because of financial crisis: companies do not have money to pay to employees and banks gets bankrupt so entire financial system gets imbalanced.
As of now COVID-19 is doing the same, but at present money is not an issue. Let's look at the cycle.
1. Consumer stops consumption as they have lots of restrictions right now(not to travel, stay home)
2. Company stops or reduces manufacturing which leads to supply shortage(at present companies does not reducing it's staff but if in future it requires then they will do).
3. Due to supply shortage sellers are not getting enough material for supply and couldn't earn much (inspite of earning they have to bear the interests of loans they have taken, rent of the offices/house etc).
4. because of reduction in earnings they may start redemption of their savings and will keep buying stuffs as low as possible or as needed as possible.
5. Due to this companies will not get enough customer/consumers and sells will drop significantly. That may lead to step towards recession/economic crisis.
6. Because of less consumption government's GST collection will reduce, which will put government into another headaches. For that reason government may increase taxes.
But because of this all should we panic and sell all ours mutual funds/stocks?
It's really bullish idea to sell at this level , don't you think so? This is the time to add more gems in your portfolio which you were thinking it's too expensive(But let the market bottom out: means at least comes to discount of 50%). This is just my point of perception, other's perception might be different. Tell me in comments what you think about this, and like if it seems helpful.
I've plotted the historic stock market crash from 1991 to 2020, and it's good news that fall remains under 50 to 65% fall.
As on december nifty had mad high at 12430, 50% fall comes at value 6215 which might appear as short term support for nifty.
Disclaimer:
I am not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by me are from the personal research and experience. These are intended as educational material.
Search in ideas for "PLOT"
GOLD Support & ResistanceHi all !!
Good day!
It's blood in the streets. Overall markets are PANIC selling which is a BUY signal. Yet the market structure is not satisfactory to continue the BULL trend. Even after having a major drop in GOLD, there's some possibility that it may hit the resistance level plotted in the chart or it will continue to fall which is indecisive for now. But I'm expecting a major drop to the support levels drawn in the long-term.
Notable levels:
1. Current Resistance
2. Uptrend Continuation Level
3. Current Support
4. Expect bounce from this Level
5. Probable Bottom
For more updates, follow me here .
~RPS~
Legal disclaimer:
I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
BITCOIN BTC EXTENDED BEAR MARKET !!!Hi all !!
Good day!
I have been posting to warn the retail investors foreseeing the risks in the markets. Here is BITCOIN for you.
I have plotted how the BTC market could choose to behave over the period of time where no-one can predict.
But I believe the downside target is between 750 - 1150 USD. With this target, I have tried different patterns and waves.
And, the one in the chart perfectly fits my downside target.
Peak Price: 20,000
Current Price: 5,060
Price Fall Target: 750 - 1150
I wish this shouldn't happen. Yet, i can't deny the fact what i see in the chart.
For more updates, follow me here .
~RPS~
Legal disclaimer:
I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
Will nifty take support and pullback?Here's a question that stands out in everyone's mind :
Will nifty take support and pullback?
If the answer is "YES" , then how much pullback will on nifty?
The Supportline of the channel is already followed the 4 times.
Before the answer this Question we have analyzed deeply GAP theory.
Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps can be subdivided into four basic categories:
• Common gap
• Breakaway gap
• Runaway/ Continuation gap
• Exhaustion gap
In the nifty chart, Runaway GAP already has already created. THE current GAP is not clear.
There's only a 35% chance to pullback at 11200 over the nifty.
I will write here how little chance to recover before one big fall .
As per my experience and analysis, we are going to see till big fall before any pullback.
I am sure that, we are going to see more GAP in the coming days.
Here is analysis of DOW JONES 30 US:
USDINR:
BANKNIFTY: (Enjoyed)
NIFTY given for short selling:
Long term view was for nifty:
Gold (XAUUSD) sits at an interesting junctureThe interesting thing about the markets is that investors tend to shoot first and ask questions later. With Gold, it tends to lead this very basis. If you look at Gold and the S&P500 chart, you can see that equities reacted a bit later than gold. I think since late December, the markets were "expecting" something bad to happen. First it was the inverted yield curve, then the peak of china trade war and finally, the virus outbreak gave investors a reason to sell.
Gold is at an interesting juncture at this point in time. Here’s the context.
Let’s start with the monthly chart and work on the assumption that gold is in a very long term uptrend . The rally from 2006 March lows of 544 to September 11 highs of 1921 saw a gradual descent. With the Fibs, it is interesting to see how gold reversed bang near the 61.8% retracement level. There was a bit of resistance at the 38.2% Fib level. After struggling to break this since 2014, it finally happened in June 2019. The result was a powerful move to where prices are today.
The level of 1680 is marked in green because it is the measured move off the ascending triangle that formed at the resistance level of 1360.
A quick look at the Stochastics and you can see the very long term hidden bearish divergence. Now divergences are tricky, at best one can see price behaviour to the divergence only in hindsight.
So what is the monthly chart telling us? That perhaps the rally is overdone.
I’ve also plotted some median lines along the way. Watch how price reacted when it failed to reach the median or one of the outer channel lines. For the moment, the best bet is for price to continue to break above 1680 and rally towards 1800. But notice that no proper floor has formed between 1360 and the current price. Could we expect a price failure at the current median line?
Switching to the daily chart, the ascending wedge is in play. The thick lines of 1550 and 1450 (rounded) are the key support levels (which should be of interest)
The fib levels on the daily chart is the minimum measured move following the bullish flag formation (in blue).
So there is scope for gold to break past 1680 and maybe hit 1720. Divergences are also showing up strongly and multiple times here.
As such, the 1720 - 1700 level will be interesting to watch. I won’t advise what one should do here. But it looks like we are nearing the end of this prolonged rally since August 2018.
Lastly, seasonality also adds to the downside bias.
Safe havens like JPY and gold tend to rise into the Feb/March months before gradually descending lower.
Finally, it would be an additional validation if the “sell area” between 1720 - 1700 coincides with some fundamental news. The next two weeks should be interesting as far as gold is concerned, within the larger context.
So in conclusion, 1680 - 1720 is a level worth keeping an eye on for 1550 - 1450 region.
How easy it can be to read Price waves using indicators Well most of you dont know the Wave principle in properly and deep understanding manner , its so easy when you understand the concept
You can look the plotting in the chart , its not candle stick , its not line chart , its not having any Price chart at all , so what i am trying here ??
Its simple people i am using an indicator , Bill Williams indicator called Alligator , You can visually look how the waves have developed in the past and you can easily understand where you are at this instance in relation to trend ,
Well i would say i am in possible end of wave 4 in 30 Mints time frame , My knowledge is saying its about to end its wave 4 and it will make new high as wave 5
Questions ?? will it make reversal at the price i have mentioned ?? may be or might extend price by 1 % or half % but the momentum have lost in down ward side
What i have to do now ??
Wait for another correction to take place and look for strong close in price that indicates the change in the sentiment by price factor
will it make New high ?? well i have no idea , but what i know is when i enter my trade i will start trailing the stop and let it move until it becomes weak in price move
and exit using trailing stop method or volunteer method
can i make money in this ?? off course i can make money in this by trading cash , Futures , Options , every penny i invest i will earn at least 2X rewards in it
Then people what you need to do now ??
Well decide yourself where you want to be in the trend ? Money making ? or wait for some news to come ??
its your decision
Good luck people
Researched for U-Turn for nifty.Researched for U-Turn for nifty.
Intraday Resistance 12349
2nd channel Resistance 12386
Last and final main channel Resistance 12448
We have plotted GAP, channel layers (0) to (3), Initiated move and responsive move on the spot nifty chart.
As per channel layers, traders can make 3x to 5x money from trade setup by using Option Trade (PUT).
Weekly chart view:
This is perfect example of Triangle ITCFantastic real-time TRIANGLE pattern on ITC
This is NSE equity stock and all level are for equity.
This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout . Suppose to breakout, you will get new direction with a spike.
How to detect the direction side of SPIKE (means big and surge move)! Changing in volume will provide you hit for direction. I have plotted average volume when it break and crossover 2x or 3x in volume will guide the direction of SPIKE.
89 EMA Band89 EMA Band is plotted using the high and low of the 89 EMA. It is also called as Magic Band. Price above the band would be considered an uptrend and vice versa. Most of the times it would act as Resistance or support. It can be used as a reference but not for decision making. If you find price reverse from the band, correlate with other indicators to identify the targets.
HDFC BANK - Supply and Demand ZonesDear Traders,
I have plotted the supply and demand zones for HDFC bank , on Daily time frames, I will Sell once the Supply Zones reaches with a stop above 1265 , (Buying Put), and I will Buy a little once it reaches the Demand zone 1 , (Call option Buying), But it will b bullish once it breach the supply zone on closing basis. It has strong support at Demand zone 2 , once it reach there you carry huge position for jackpot trades.
This is for positional and short term trading opportunities, for getting better reward like multi bagger we will apply MA concept in addition to this.
Regards,
Deepak
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For further clarification please feel free to contact me.
Short sell on riseThis pattern is one of the possible pattern , I am looking an another upside move before it gives a sell set up
One can look for set up and take the entry and look to book near forecast
It also has tendency of retesting its peak so i have plotted forecast in red if price reversed for one more internal correction look to book on trailing stop and then re-enter
again based on short sell set up
Infosys - Supply and Demand zoneDear Trades,
We are expecting a huge negative impact on infosys because of allegations against CEO second tie in the history, So the stock will react to this news negatively. I here by plotted the Demand Zone levels for the same, we will buy this area to cover the loss for short term uptrend once it should reach the defined area. Overall market is bearish on Infosys. Sell on rally is the current scenario.
Bank Nifty 30-9-2019 - Long for another 120 PTS minimumAs Today banknifty drifted towards 38.2% retracement level (Plotted 50% and 61.8%) of the last momentum move around 3800 points. So it formed the flag pattern and as well as it has travelled in a channel also , So from here onwards, it will give a up side of minimum 100-120 pts close to the chahnnel upper level of resistance. I'm looking bullish once the channel has been breakout for the upside target 30200 zone. Note: only the upside breakout of the flag pattern.
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Tatamotors _ Neutral to PositiveDear Friends,
This is my first video of Live analysis of the stock, in general I'll be plotting the trend lines and done my home work and start explain, now I'd like to post a live analysis, many people laging on tha, It will be helpful for new people who are get enter to the stock market.
Please leave your comments, give your support for more analysis part.
Thank You,
Deepak
Nifty Multi Dimensional ViewMy teacher once told me, Gap ups or down must be taken seriously. Imagine the nifty as a particle and in the price path it went missing, giving no clue how it reached there or how it was about to reach there. At that particular price levels we don’t know how many buyers-sellers and who all are stuck. May be they will not accept the loss so easily when they were not given any chance to recognize the trend early and wind up their position. They will definitely react.
I see Gap ups or Downs are like Black Hole, which you use as a gateway to enter a completely new world and come back, but the particle in-order to survive or pass through must have a good velocity (NIFTY – PREFERABLY ABOVE 0.13%) at the event horizon or else it will leave the gap unfilled and retry to fill it again.
We can see a gap down of almost 65 points at 11030 level and Nifty trading near to that but while approaching even the second time it lacked the velocity. Surprisingly at 10849 levels there is a gap up of 30 points creating an assuring conditional probability for Nifty to reach there before going for an upward voyage. Almost everyone is bearish on 5 to 15 Minutes Chart but believe me you need to wait till TOM 9:40 A.M before being too sure about the movement or taking position.
Time retracements of the previous low to low have already indicated the reversal at 15:10 P.M (Friday). And the low to high indicates a reversal at 9:40 A.M (Monday). And if this works out right then the low is expected to be created on the next day, which would be reversal point as well. And this fall would determine when would be the next move for the upward gap. A gap down would make the assumptions more accurate.
If the market open with a gap up above 10965 then the computation would be quite less as we can go for short at a first reversal sign with the high of previous candle as stop-loss.
Time plots are in different colour for better understanding. Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers are predicted referring a particular wave.
NIFTY MULTI DIMENSIONAL VIEW 12/9/2019The day is expected to be a bit volatile. As nifty was in WW one should not be surprised if Nifty tries to touch the level of 10980-10940 level(Refer my previous chart of NIFTY MULTI DIMENSIONAL VIEW to see the reversal timing assurance, it is pinned in this chart, it will show you the prediction of the past 2 days). The velocity of the Nifty has decreased a lot in the last 3 days. One should avoid taking any decision for any long term position in either long side or short. On 12/9/2019 the Nifty's reversal point stands to be at nearly around 11:30. In daily Chart there is still space left for 80 points which would be of-course a point for make or break because on daily chart the reversal zone are nearly around 12th & 13th September So please sit tight and avoid speculating. Basically one possibility could be Nifty can show a bearish sign in the opening and around 11:30 it could show a upward reversal, but the velocity remains an important factor.
Time plots are in different colour for better understanding. Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers(2,3,5,8,13) are predicted(system generated) referring a particular wave.
Consolidation phase ( One of the Possible)Now the Auto Segment have come to an pause on daily time frame basis
its been Quite a move towards down ward , One can look for an consolidations phase in the Auto segment
You will observe they might enter in side way pattern or , partially range bond moves
Try to trade with in the range bond move in Future trading ,
I have plotted one of the best suitable pattern where market has always repeated it self ,
Look forward to trade in individual scrips