Nifty Elliot Wave analysis 11-11-2020 Still Some Upmove pendigDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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Wave3
Nifty - Wonder Waves -Picking The Bottoms at 7700 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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Correction - Comex Gold
Instead of "adding" --------- you need to "subtract" 1.618 times (1705 -1450) = 1.618 * 250 = 1293/1295 $ which is minimum distance which "Comex Gold" should drop to confirm that it is wave - 3 downside move - in next couple of months
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Why I was excited on 24th March 2020 -
Reason is both "Comex Gold & USDINR was showing signs of topping out" ----that was the reason to put up status update to all the followers on 25th March 2020 & "expect 700-800 points move from 7650-770" - Hope most of you got this opportunity of buying close to 7700.
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Trading Strategy ( Short Term)
Holding or moving above 8300 - Target 1 - 8400-8425 / Target 2 - Above 8450 for 8650 / Target 3 - Above 8725 for 9000 /Target 4 - Above 9050 for 9200 / Target 5 - Above 9250 for 9400-9500 / If really holds & surpasses 9500 mark - be ready for another wonder waves above 9500 (strictly above 9500)
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Comex Gold
24th March 2020 - Comex Gold Snapshot
30th March 2020 - Comex Gold Snapshot
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USDINR
24th March 2020 - USDINR Snapshot at 76.35
30th March 2020 - USDINR Snapshot
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Note - Kindly read the disclaimer or consult financial advisor before trading into financial markets