joel-vg

joel-vg Updated 

When we analyze EUR USD on weekly chart , The Market structure is in a Long term Downtrend as shown below. The high is 1.258 & the Low is 0.95 Now , Let us analyze the move from 0.95 to 1.1 As you can see , the daily support is @ 1.05 & the resistance is @ 1.1 Now let us see the Four hourly chart 4 hour chart is range bound Now let us go to the Hourly...

joel-vg

The present up move was studied & it appears as a five wave up move which will end @ around 1800 followed by the the " b " down move.

joel-vg

Buy BHEL because of following levels 1) The present down-move volume is low. 2) MAC-D divergence present. 3) Elliott wave suggesting an upmove

joel-vg Updated 

based on dow theory

joel-vg Updated 

Please wait till August 31st till you take any decision on BHEL

joel-vg

The trade is based on elliott wave , which shows an irregular correction abc

joel-vg

While it’s not always clear why a time and price symmetry identified a market turn, such symmetries do indeed exist.Gann , considered the squaring of price and time his most important discovery . He called it Price & time squared.However, the proper application can be tricky. Markets are enigmas, and this attribute demands a great deal of flexibility when...

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Unless infosys gives a weekly close above 801 , Infy is in danger of going down Disclaimer - My view - My Infy view

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When there is a confluence of Trend line support & Horizontal support , I call it - THE AXIS OF EVIL

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Bhel will reach a level of high confluence at the level of 40. Definitely it is an area of Profit booking So see you there

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looks like an ending wave diagonal

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RSI trend line will break before the price trend line Its on the verge of it Let the market decide

joel-vg

Although i am more inclined to wave theory , i want to explain here one of the simple way to trade 1) Plot a weekly chart of any stock 2) Plot horizontal support and resistance line which has tested a minimum of three times 3) Look for a significant break in the support line ,(The word significant is important) 4) The support line now behaves like a resistance...

joel-vg

Why is 29th of May Important ? To calculate the Gann date - i started from the recent bottom which is on 24th March 2020. On the 3rd day itself , it gave a big upmove upto 76 From the Gann square of nine chart ( Google it) - you will find the following gann numbers being important (Diagonal) 3,7,13,21,31,43 Now calculate these numbers from the Preceding...

joel-vg

Why is 29th of May Important ? To calculate the Gann date - i started from the recent bottom which is on 13th March 2020. On the 1st day itself , it gave a big upmove upto 26.45 From the Gann square of nine chart (Google it) - you will find the following gann numbers being important (Diagonal) 1,9,17,25,37,49 Now calculate these numbers from the Preceding...

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POINT A - it took 14 days to reach the peak of 47 point B - it took 32 trading hours Point C - it took more than 100 trading hours to take out the peak of A This means that the whole ABC are corrective waves and sooner or later 35.5 will be breached and can go lower conclusion - Do not invest in FEDERAL bank Disclaimer - my view , my elliott view

joel-vg

As per me , BHEL is still in corrective wave , & so it is still in danger of falling upto 10 Disclaimer - Ma view , Ma ew view

joel-vg Updated 

While it’s not always clear why a time and price symmetry identified a market turn, such symmetries do indeed exist. Gann, considered the squaring of price and time his most important discovery . He called it range and time squared. However, the proper application can be tricky. Markets are enigmas, and this attribute demands a great deal of flexibility when...