Traders have to be careful as stock touched close to 2900 which was suggested on last idea.
Expected Move done
Trading Strategy
Strictly Valid only below 2900-2950 - Once stock starts downside move -
1st Target 2735-2750
Sell below 2735 for 2nd Target - 2620
Later Sell Below 2600 for 2365 & lower targets
Last Idea- HDFC ...
Have suggested already -its all choppy & messy suggesting that fall in Reliance is pending -which can take stock back again to 1830 & once 1830 is taken out - fall can become more serious. Trade carefully. Thanks
The Y- Wave Next for 1980-2000 Levels
• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post
financial crisis
• Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time
consuming pattern – taking this as primary or main view.
• Wedge or Diagonals are Time consuming patterns which can be a possibility once more...
Idea Valid Only & Strictly in 2050-2060 Zone (Traders can consider selling only in this zone else avoid) - Target Downside - 2025 (1st Target) & 1990-2000 ( 2nd Target Zone) which is important support zone
Last Idea on Reliance
Plan A
Strictly Buy Above 55 - Target 60/61
Plan B
Sell At the Tops in PRZ (Potential Reversal Zone) & Channel Top
Sell only if stock halts in 60-62 zone post achieving upside target from plan -A
Thanks & Good Night!
• Multiple Tops on lower degree have halted stock close in 2750-2777 zone
• Push Above 2780 – can take stock to new highs 2850/2950
• Careful at the Tops later as current geocosmic signs at the moment may trick you. Always be
cautious & false breakouts & breakdowns are common phenomenon in this period
• Risk Management is most important so traders...
Proposed Triangle - Wave 3 was a shocking wave for the financial community & could be the bottom for months & years to come ahead & can we have truncated Wave 5 ?
Not a trading advise. Please consult a financial adviser before taking any trades
200 was the key level identified. Hope you all enjoyed the wave. Above channel it becomes more bullish or take care if channel halts or stops the move.
Last Idea on ITC
Note -
Harmonic Chart Pattern suggested is not valid if stock falls below 1600 & Halting in the zone 1600-1625 can be seen as PRZ ( Potential Reversal Zone) for a potential upside move later
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Trading Strategies
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Plan A -
Sell Below 1700 for 1650 / 1600-1625 Target zone
Plan B -
Buy once...
Next impulse may have started downside - if correct. Stock can fall to 1325 from where thrust started upside on 11th Nov2020
Holding below 1745 - Expect 1325 (Target 1)
Thanks
Last Price - 11860 / 10:37 Hrs -4th Nov2020
This view is not valid if Nifty crosses above 11930
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Already suggested in last video idea - US Markets are doing retracement for...
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...
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...
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...
