Nifty - India (Buy & Hold)-C- Wave or Corona Wave - What Next ?

ที่อัปเดต:

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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Thanks for hearing out short audio from our beloved PM - Modi ji & his reasons why India could do well in years ahead.

In 2019, as Prime Minister Narendra Modi won the office for a second term, the Bharatiya Janata Party in power passed about 63 bills in the Parliament this year alone.

The government has taken several key decisions. These historical decisions include
Abrogation of Article 370 provisions,
Triple talaq,
Anti-terror terrorism,
Merger of banks.
PM Kisan Scheme for all farmers -pension yojana etc
The Motor Vehicles (Amendment) Bill
The Insolvency and Bankruptcy Code (Amendment) Bill & list goes on

In a recent summit, Modi ji said- this is just a "Sample- Actual Action Shall Begin Soon" gives a impression that how much confident he is about our country to do well in years ahead.

Well now check out what a wave analyst like me suggest that India is an amazing country & would really do well as expected by Modi ji.

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Longer Term Waves description & Target
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Wave 1 - 10005 to 11981 - Wave 2 ( Divided into 3 Waves "ABC" - Wave A -Down from 11981 to 10670 - Wave B - Upside Choppy from 10670 to 12430 - Wave C - C Wave or Corona Wave from 12430 to 11175

Expected Wave 3 Next
Proposed Long Term Count is valid till channel low @ 11080-11100 holds - going below channel key zone 10630-10670 should - finally critical level 10550-10600 should hold for Wave 3 targets proposed from channel low 11100 so far (which is yet to happen next) - 161.8% of Wave 1 Distance = Approx 14000- 14250 is expected

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Short Term Target
From the cluster zone of 11100- 11150 expect upside targets as mentioned below
Plan A - Targets
11325-11350
Above 11350 - 11525-11550
Above 11550 - 11625-11650
Above 11650 - 11750-11775

Plan B - Targets- (Once starts moving -trail your stops to entry price)
Sell in 11325-11350 - No selling above 11350 - Target : 11080-11100
Sell in 11525-11550 - No Selling above 11550 - Target : 11080-11100
Sell in 11625- 11650 - No selling above 11650 - Target : 11080-11100
Sell in 11750-11775 - No selling above 11775 - Target : 11080-11100
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Stellium Effect Video Idea (Click below)

Dow Jones - Reminds me of Niagara Falls 29500 to 24680

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TradingView Profile Page

in.tradingview.com/u/AbhishekHSinghCMT/

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Thanks for reading the idea - Stay Classy until next idea. Don't forget to plan your portfolio for longer term version - hopefully, let us meet at the other end.
Some of the portfolio stocks discussed
Tata Coffee
Tata Steel
National Aluminium (Nalco), etc

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10:51 Hrs / 2nd March 2020

Last Price @ 11354

Good Morning All,

Short Term Trading -------Repeated
Have suggested short term plans as well -------- Selling only in 11325 - 11350 ---- Strictly no selling if Index is above 11350

If you observe - Index opened gap up & came close to 11310 & 11325 so selling is to be avoided as 11325 - 11350 is the sell zone but Index not moving below 11325

If crosses 11350 then we look for 11450 / 11500 - next follow same ----- "Selling in 11525-11550 - No selling above 11550"

Thanks

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11:24 Hrs / 2nd March 2020

Last Price @ 11367

Also do not hurry up in trading in one direction - kindly take 11350 as the milestone to trade buy or sell
So zone sell below 11325 -11350 & & buy above 11325 - 11350 zone - enjoy between 11325-11350 that means sit idle (no trade) as sitting idle also is kind of enjoying the markets.

Take care & Have a nice day. Thanks

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12:17 Hrs / 2nd March 2020

Last price @ 11387

Intraday- Traders have to follow proper risk management so taking buy call above 11350 -one should now put profit stops above 11350 if they are looking for higher targets or happy with 40/50 points then one should book that profit. Thanks

There will be no follow up for Intraday movements. Thanks

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15:26 Hrs / 2nd March 2020

Last price @ 11132

Endings are always done in panic - look at the beauty - channel suggested got completed right at the bottom ----------11035

So any weakness or next sell is only suggested below 11000 psychological level.

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15:43 Hrs / 2nd March 2020

Last Price @ 11132 (Adjusted closing)

Bottoms exactly at 11035 as shown in the channel above & it was discussed over the video as well.

Today's Intraday Trading had important crux - what was that ? It was trailing your stops above 11350 in any long positions & Plan B - Ready & Done as index slipped quietly below 11325 - 11350 as suggested above - going below 11325 - It started moving fast & achieved our short term target of 11080-11100

Made panic bottom at 11035 which is lower edge of the channel & bounced to close at 11132

What Next ?

Winding the session on happy mood. Thanks & Stay Classy !

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04:35 Hrs / 3rd March 2020

Last Price @ 11132 (Adjusted closing)

U.S. Markets had amazing session for bulls -
S & P ------------+ 136 points

Dow Jones -------------- +1295 Points

Strategy for the day gets some footing -------- The channel bottom @ 11035 may remain intact & we look for following targets for the day @3rd March 2020

Target 1 - 11400-11425

Target 2 - 11525-11550

Target 3 - 11625-11650

Thanks & Enjoy the Markets.

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09:56 Hrs / 3rd March 2020

Last Price @ 11282

Kindly trail your profits stops if you are in long positions as markets are volatile. Risk Management is important part for a successful trader. Thanks

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10:40 Hrs / 3rd March 2020

Last Price @ 11195

Minor Support Zone - 11180-11200 - Next Intraday Trading Strategy- Buy Above 11200 if holds above the zone for 11350 / 11450 +

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13:21 Hrs / 3rd March 2020

Last price @ 11198

Index is struggling in 11170-11250 doing sideways move so we are still open for 11350 / 11450 on upside

This move gets invalidated if Index drops below 11150 / 11100 on downside.

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14:46 Hrs / 3rd March 2020

Last Price @ 11335

Day High -11342

Target 1 almost done close to 11350 as suggested at 13:21 Hrs above. Thanks & Have a good day.

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08:011 Hrs / 4th March 2020

Last Price @ 11303 (Adjusted Closing)

Yesterday we booked profits close to 11350 levels which was our modified target.

Strategy for the day - Zone of 11180-11200 again is important support zone -If this zone holds then we look for upside target again as 11325-11350 & moving above 11350 -target gets extended upside for 11450+

Going below 11180 - we look for 11150 as minor support which is another buying opportunity but careful below 11150- as support comes close to 11035 - which is most important from Intraday point of view.

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09:45 Hrs / 4th March 2020

Last price @ 11303

New Update
Intraday Traders 11300 is also key level if it crosses & holds above that level - keep a watch it might push sharp upside for 11350/11450+ next as suggested for the push upside from 11180-11200 zone earlier in the morning.

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11:11 Hrs / 4th March 2020

Last Price @ 11248

Went below 11300 for a drop to 11230 but structure is not suggesting a big sell so these drops either to 11180-11200 or close to 11200 has to be used for creating long or buy positions rather than sell & we are again open for higher targets - 11350 / 11450+

Selling is advisable only below 11180-11200 which is trigger zone - So, Sell below & Buy above is what we plan next.

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14:07 Hrs / 4th March 2020

Last price @ 11106

Do not miss buying opportunity which is close to bottoms of 11035 as that is extremely important level.
Every time it comes close -you would get minimum bounce to 11350 & above later.
So, Next big selling can happen if 11035 is broken down & psychological level of 11000 is also pierced & Index moves down. That means no trading between 11000 -11035 zone. Thanks & Take care

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09:22 Hrs / 5th March 2020

Last Price @ 11312

Expected Target reached from the bottoms of 11100 to 11350 - Day High so far - 11338

Book Your Profits & Wait for Index to drop to 11235-11250 - we will check for support & next buying again for 11350 later in the day. Thanks

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10:22 Hrs / 5th March 2020

Last Price @ 11270

Wow !!! Nifty dropped exact at 11250 & trading at 11268 - So, has it taken support & we look for 11350 - 11400 next upside.

It's almost 300 points - 11100 to 11300+ & Selling at day high for 11235- 11250 - reached 11250 exact

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10:53 Hrs / 5th March 2020

Last Price @ 11345

Crossed 11350 --------------- 400 points running bulls !!!- picking bottom today at 11250 was amazing & magical.

Hope your enjoyed.

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11:11 Hrs / 5th March 2020

Last Price @ 11343

11360-11370 some profit bookings can come & Index can retest close to 11300 downside & look for next support for 11400 / 11450 moves next upside later.

That means Index buying opprtunity is from 11300- 11320 & 11250-11275 zone next for 11400 / 11450. Thanks

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11:34 Hrs / 5th March 2020

Last Price @ 11365

11380-11400 would be minor resistance & going above 11400 next only we are open higher ups or we look for some lower levels retest such 11335 / 11300 / 11275

Holding 11250 downside we shall be open for next leg upside later post some retest. Thanks

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12:45 Hrs / 5th March 2020

Last Price @ 11355

Tested 11335 as suggested earlier - retests level of 11335 - Recent low @ 11337-

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12:53 Hrs / 5th March 2020

Last Price @ 11367

Next Selling only below 11335 else look for 11380-11400 & Above 11400 for 11450. Thanks & Follow proper risk management.

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14:05 Hrs / 5th March 2020

Last Price @ 11311

Slipping below 11335 - It went in hurry downside to 11291 very close to our next support level - 11275

Now next selling to be taken only below 11250 - which is the trigger & we might get possible bounce to 11400 / 11450 ---------"if Nifty Index holds above 11300 levels" or Buying close from 11250 levels next for 11400 / 11450 levels upside.

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14:52 Hrs / 5th March 2020

Last Price @ 11310

"Buying close from 11250 -------------current or recent low - 11265 - crossing 11300 -will it touch 11380-11400 & above 11400 - 11450 - Only Time knows

What we know is to manage our risk which was next selling only below 11250 as suggested @ 14:05 Hrs earlier .

Thanks & Take Care

บันทึกช่วยจำ

08:05 Hrs / 6th March 2020

Please comment below who is ok with live stream today between 7-9 pm or 9-10 pm & I shall invite them.

Say - "Yes for live stream" below

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

Telegram Handle
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