Talkswave
Reliance- Cracks 3% - Has Wave 4 started? Downside (Top-2093)Not A Trading Call. Just for Educational Purpose
Last Price-2010 / 11:46 Hrs / 11th Nov2020
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Recap
Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall from 2310 to 1835 lows.
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Present Day @ 11th Nov2020
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From 2370 Highs - It can be counted as 1-2-3rd wave done at 1835 lows - wave 4 possibly done today @2095 & falling in wave 5 next
Current upside move from 1835 to 2095 retraced close to 50 % can be possible wave-4 done at the tops (not confirmed yet)
Next Support (Don't forget) -1990-2000
Question to ask - Was that Wave 4 done at the tops today or a part of corrective sequence
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Early Snapshot
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Nifty- Leading Diagonal Fall from 11920Last 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 the last week's fall & 3550 is the key level so any upside move is just bounce back rally
You just need to identify the key levels to take sell / short position according to your own risk involved in trading
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• Leading Diagonal's are the structure which normally gets retraced 80/90 %
• Structure started at 11969
• Today's high - 11920
• If the pattern is correct- all the gains shall be wiped out & Index falls to 11600/11500 (keep in mind- view not valid above 11930)
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Last Idea
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Nifty- History May Repeat Again! 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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For Educational Purpose
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History May Repeat Again – Ask this question to yourself & get the answer. Thanks
In This Video Idea – We do quick recap for stocks
• Reliance
• Auropharma
• Tatasteel
• USDINR
• ITC
• Nifty Index to close the video
Reliance - (Wave Analysis) Catching The Tops @ 2375 - What 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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As per last idea published @ 10th Sep2020 - Reliance was suggested that it could top out above 2300 or the wave after triangle shall be the last wave upside.
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16th Sep2020 - Reliance topped at 2375
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What Next?
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Impulsive move from the tops @2375 Highs
Stock made low @ 1990
Strong Support Zone- 1990-2000
Shall look for bounce back & relief rally
Stock crossing above 2030 can move to 2060 / strictly above 2060 for 2095 or buy as close as possible to 2000 level. No buying if stock falls below 2000- next key level where stock can have trouble
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Don't Miss The Last Few Ideas
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Last Reliance Idea @ 10th Sep2020
Quick Follow up done for Reliance in last video idea of Auropharma
Nifty Outlook- Ascending Triangle (Trading Plan) (22nd Oct2020)Traditional Chart Pattern- Ascending Triangle Discussed along with trading strategies in Hindi & English both. Thanks for watching the video
Active Currently - Plan A - Sell Below 11955 for 11790-11810 target zone (Stops- 11960)
Plan B- Buy in 11790-11810 with stops below 11750/11760 for target zone 11980-12000
Plan C- Sell Below (Strictly Stops above 12025) for target zone 11870-11880
Plan D- Buy in 11850-11875 with stops below 11790 target 12025 / 12250 +
AshokLeyland- The Big Move 40 to 83- My Next Portfolio StockDisclaimer
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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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Portfolio Picking Zone
Zone 1- Between 60 & 65 - If drops below 60 then plan your stock pick between Zone 2- Between 40 & 45 zone
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ONGC - Portfolio Stock Pick @ 60
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Thanks for watching the idea. Have a wonderful time ahead.
Auropharma - Cracking The Code for Rs 40000 - Will it Give More?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.
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Trading Strategy
Sell is valid only below 805 or close to 810 - No Trading if goes above 805 or 810
Target - 790 /775 / 760 & More on downside
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Connect with me on my Social Tools mentioned on my TradingView profile page for more actions
in.tradingview.com
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Last Idea on TradingView
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