Debut Idea for Dollar Index Shown in oval shape was 1st leg of the triangle which topped out at 103.82 Published on 24th April 2016. Proposed triangle for wave-4 ( currently we are in final leg- expect rise holding above 89.20) & later "collapse" in wave-5 ( proposed ending diagonal) 24th April 2016 (Click the Idea)
• Safe Traders Sell Below 2050 – Target Downside – 2025 / below 2025 –Target -1980-1990/ Below 1980 Target- 1927 / Below 1925 Target – 1890-1900 / Below 1890 Target – 1830 / Once Double Bottom gets broken then stock may slip to 1650-1700 zone which I have suggested since Oct-Nov2020 • Risky Trader They can sell...
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
Target Upside 4760 4860 4900+ Note - Pattern not be traded if falls below 4650 Last Idea - Selling The Tops - 4900 - Just Missed Downside Target -4625
2nd Target missed by few pips as per last update. High was @ 74.91 & back to 72.50-73.00 zone USDINR is resting in the most important zone 72.50-73.00 - which is above triangular correction of early 2020 when stocks was about to crack due to fears of covid19. This zone of 72.50-73.00 is very important- if acts as support & dollar rupee starts moving above 73...
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!
Pattern Fails & Do not sell if Nifty crosses above 15200 - Sell only in 15180-15200 zone
Halting At Support Zone 215 -217 - Going Below 215 -It can extend to 197-200 zone -if falls below 197 then fall continues downside. Last Idea on ITC
• Mercury Retrograde - Don't forget as most of the time it will trick you - doing false breakouts / breakdowns as it did near 1835 lows shown in last idea where proposed X-wave got completed • Sell 2030-2035 for 1990-1995 or Sell 2055-2075 strictly • Buy 1980-1995 zone if fall halts or stops then expect back 2030-2035 & 2055-2075 target zone Update...
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
As per Last Idea - Suggested to Buy Only above 1585 - Stock gave close chance but failed to hold 1585 levels Buy Only above 1540 (Till the stock holds above 1540) -Good to trade for Targets - 1585 / 1650 / 1700 ------------------------------------------------------------------------ Last Idea - Bearish Butterfly (Buy & Sell Later)...
• Two Harmonic Patterns Overlap - Bearish Butterfly & Bearish Deep Crab • Buy Above 50000 • Sell Below 45000 & Be on cautious mode below 46000 • Range Bound Move in 46000 – 50000
Plan B - Selling close from 4900 as per last idea Last Idea- Taking Rest (Triangular Pill)
• 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...
• 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...
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