Auropharma - 800 - Darna Jaroor -Selling the Top Once Again !Good Morning All,
Feel Excited to share the photo from future assignment of the Auro fall right at the top from my sessions. As suggested last in the update mentioned below, moving and holding above 780 - we expected targets of 785 -790 and 798
Let us check in order
Last Idea Review
Last update on the post as of 15th Nov 2018
Previous Idea
Photo session before we leave
Next Trading Strategy
Last Idea Review
Targets above 780 was achieved twice. 1st attempt -785- 792 -later closing the buy position close to 792 levels & in next attempt above 780 - 785-790 & 798 all achieved once again before it turns back from 800 levels again - Darna Jaroor
---------------------------------------------------------------------------------------------------------------------------------
Last update on the post as of 15th Nov 2018
Trade active: 23:20 Hrs 15th Nov 2018
Last Price@780
Any move above 780 & holding 780 - Auro can have short term push upside to 785 -790 -798 levels
Fall can and should continue only if Auro stays below 780 levels.
Thanks and Good Night.
----------------------------------------------------------------------------------------------------------------------------------------
Previous Idea
It's the time to disco - five turns to 785
------------------------------------------------------------------------------------------------------------------------------------------
Photo session before we leave
"Say Cheese" at the lunch session - Falling from 800 - 19th Nov 2018
12:26 Hrs IST
---------------------------------------------------------------------------------------------------------------------------------------
Trading Strategy
Break of Trendline - we shall look at 775 - below 773 next shall be 765 - 760 & below 760 -745 - in case of severe fall we can expect 730-735 zone
Thanks
Waves
Nifty - Mercury, Markets and Mayhem - Below 10800 -10400 -10000 Happier Time Post Mercury Retrograde Period - Happy New Year 2019
Mercury retrogrades for the final time in the year 2018 which has started on 17th Nov to 6th Dec 2018 - Next 3 weeks so we need to be little cautious as more chances of larger price swings and volatile sessions on account of frequent to and fro move in decisions related to communications, media, travel and technology.
Mercury Retrograde Possible Results
Volatile sessions
Larger Price Swings
Travel Plans changed / dropped
Media / Technology glitches - common occurrence.
Avoid any and all kind of heated arguments.
Frequent change of decisions in related fields suggested above. State Elections - Can also get painted because of retrograde period.
So, don't make your decisions in hurry. Think twice , thrice & several times before coming up with final decision.
Retrograde = Backward Movement
Indian Markets Token to Lovely Venus (Oct 2018) - Have you forgotten
USDINR moves from 72.50 to 74.50
Global Markets Token to Lovely Venus
Crude Oil Falling from 75$ to 60$ & more on downside
Bitcoin Falling hard
Global Equities taking a hit
----------------------------------------------------------------------------------------------------------
Trading Strategy
Risky Traders
Selling Close to 10800 - preferably below 10800 -no selling trades above 10800 if sustains
Safe Traders
Selling below 10600 -10550 levels - later should hold below 10600 for lower targets of 10400 -10200 -10000 & 9300-9500 zone.
Alternate Strategy
Bullish Above 10925 -if holds above 10900 later - No Buying Trades if fails to hold " Demand & Destiny Zone - 10900-10925
Waves long trade setup $wavesWaves have massive targets in long term but for now you can take this short term trade.
Buy Waves For 7-10% ProfitBuy Waves
Target 3250-3300
#shortterm trades
Good For Holding It Can Easily Pump Upto 36-3900 sat
Biocon : Waves can con us ?This is not trade setup itself, its just an idea shared here on Biocon on potential scenario of shorts. I'm not sure about end of wave 4, as I don't have patience for sub-waves & there is no bearish reversal as of now. So either you can do subwaves & predict wave 4 end, if you don't know elliott's don't worry, just apply whatever strategy you use over Biocon & check whether that indicates bearish move ahead.
Happy Trades !
MindTree : Will the Tree Grow ?!The candles forming up in near future will decide fate of Mindtree as we are closer to trendline, if it fiddles with the line & turnsback, we are out of luck. I hope all other things explained in chart, if any other specific queries, feel free to drop a line...
ARE FIVE MOTIVE WAVES COMPLETED ? THE ANSWER IS YESWhen I said the target for NIFTY(9400) about two months ago nobody(including myself) benefited by keeping long position.
No wonder that is human psyc.
NOW see the chart for 5 completed motive waves,the WAVE 5 is struggling to pass 9375 which is 0.618 times of wave 1
next week we have a definite answer. the MAGIC number is 9220.
if 9220 supported we have another upmove 5=1
but DOW is matured for correction
let's celebrate BEARS.....GO SHORT....BELOW 9220
HAPPY TRADING
TorrentPower : Channels, Breakouts & Trades !!!Today;'s close will determine the moves potential.
Its just with simple elliot counts & its not foolproof
Check at your end before taking the trade and I'm not sure about whether the correction will pan out same way or variations will happen but its Daily candles so you need patience, its not like My Nifty & Banknifty posts which happens within a day or two !
Happy Trading !
RPOWER - STARTING A NEW WAVE It is been observed that the price action is consolidating in a sideway correction and now, it has formed a bullish candlestick pattern indicating a bullish move ahead. It shall be a starting of another new wave or rally to upside.
Short Term:
Target: 44.50
Stoploss: 42.50
Mid-term:
Target: 50
Stoploss: 42
Regards