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Showing posts from November, 2019

MCX Copper: Elliott Wave Slanting triangle

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MCX Copper 60 mins Dec chart


From Elliott Wave perspective, MCX Copper completed one bigger corrective wave (a-b-c). In wave wave five Waves are seen and it also terminated near to 161.8% of wave a to wave b. Wave b in the above chart formed a Slanting triangle which is unique and not seen often. 
Not so long ago, I had written an excerpt on MCX Copper in which I had mentioned that it will come down near till 420 levels which can be utilised to buy for the level of 470-475 levels. Check this link to view the excerpt.
https://www.marketanalysiswithmeghmody.com/2019/10/mcx-copper-all-set-to-soar.html
Learn Elliott-Neo Wave, a 4 days webinar/classroom training in which entire theory along with practical application will be explained. The fees will be RS 12500/-. For registration call +919324174580

New rates for the courses offered

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Hello guys!!            I am delighted to announce that the rates of the course offered is been slashed. Earlier the rates for Technical Analysis course which is over 3 months course and Advance Technical Analysis which is 4 days course can also be altered in to 2 days was RS.15000/-. 
Now for Technical Analysis course the fees have slashed down to 13500/- and for Advance Technical Analysis it is RS 12500/-. For registration call +919324174580

MCX Crude- Revisited

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MCX Crude Anticipated on 3rd November 2019


MCX Crude Happened 23rd November 2019


In my previous update dated 3rd November 2019, I had mentioned that Crude will soar till 4200-4300 based on Elliott Wave forecast. If you want to see the excerpt, check the link


https://www.marketanalysiswithmeghmody.com/2019/11/mcx-crude-to-surge-till-4200-4300.html

Now it has faced the resistance of 4200 but the real question is will it fade out or continue to surge, to to know the answer you can join in my classroom training of Elliott and Neo Wave which will for 4 days and the fees will be INR 12500/-. To register call +919324174580

MCX Nickel- Revisited

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MCX Nickel Daily chart Anticipated on 19th November 2019


MCX Nickel Daily chart Happened on 26th November 2019


From what I have anticipated on 19th November, prices have been moving precisely the same way as you can see from the above chart. Many base metals are under performing, Nickel is one of them. Now since the move is over or ongoing the coming forecast of prices is not shown. To see the link of 19th November for Nickel click on the link

https://www.marketanalysiswithmeghmody.com/2019/11/nickel-elliottwave-forecast.html
I will be discussing this chart in my coming classroom training session. Be a part of it of this 4 day course in which entire Elliott Wave and Neo wave theory along with practical applications will be explained. For registration call +919324174580


Elliott-Neo Wave Classroom training to start soon

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Check out this video



The fees for the 4 day course will be 12,500/- and for registration call on +919324174580

USDINR: Detailing with help of Elliott Wave

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USDINR Continuous contract Daily chart


I with help of Elliott Wave came with a conclusion that USDINR is on the way back to test its previous lows. This is my first scenario and will stay and will be my favorite among-st two.
The first scenario is-
The recent high of 72.30 was where wave b ended marked by a circle and so wave c on the downside is still pending which can tumble near to its previous lows. Many argue that the recent formation in this pair is a triangle and so need to mark (a-b-c). However, it can also be marked as (w-x-y-x-z) and so on to complete wave ii. This means that wave iii, wave iv and wave v is pending down.
I have marked wave b at 72.30 is because it has retraced 80% of the previous wave a. If I mark wave b at wave a shown in a square then it can not be valid. So wave wave b is marked by (a-b-c) and completed by showing circle.
The second scenario is-
Many practitioner is showing that wave iii has started but I doubt. If it has started then also it is still in…

Tata Steel Re-visited

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Tata Steel 60 mins chart


In my previous update on Tata Steel, I had mentioned that there is a pending leg up which can go near till the ed of wave iii and that is exactly what has happened. if you want to read my previous excerpt you can by clicking the below link
https://www.marketanalysiswithmeghmody.com/2019/11/tata-steel-elliottwave-neowave-forecast.html 
As per Wave theory, prices probably completed wave v up or it is still ongoing. I will not be giving a clear cut direction in this stock but you can as I have already anticipated the move which is either over or ongoing. You can learn Elliott Wave and Neo Wave with me which will be a 4 day course and the charges will be Rs. 12500/-. Grab this golden opportunity by registering on +919324174580.

Vedanta: Elliott Wave Forecast

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Vedanta 60 mins chart


As per Elliott Wave perspective, prices recently completed wave ii/b near to 140 levels and now it has opened wave iii/c higher. This wave which is going to move above its previous highs as shown in the chart can move till 100% of wave a to wave b. This means it can reach till 180 levels which is the minimum criteria, it can further extend as well.
The above analysis is difficult but you can learn this theory which is Elliott and Neo Wave with me from 7th Dec 2019. This course will be for four day and I will be teaching not only the theory but also practical application. Don't follow the crowd blindly, think objectively and then trade.The fees for it will be INR 12500/-. For registration call +919324174580

EURINR ElliottWave Forecast

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EURINR Daily chart


In the above 60 mins chart of EURINR fut contract I have placed my Elliott Wave count in which I am expecting wave c to move down which will either complete wave a or it may start moving in a complex correction.
Learn Elliott-Neo Wave analysis with me in my 4 day course which is set to start from 7th Dec. In this course the entire theory along with practical application on any asset class will be explained. The fees is 15000/- INR but if you register before 1st Dec you will avail 10% discount. In dollar terms it will cost $211 and with discount it will be $190. For registration call +919324174580.

Elliott-Neo webinar to start from 7th Dec 2019

Greetings!!          This is to inform you that Elliott-Neo Wave webinar is set to start from 7th Dec 2019. This course will be of four days and will be teaching important concepts of time, price, patterns and more importantly it's practical applications.
If you are situated in Mumbai and want to have a classroom training then it can also be done with minimum seats of 10. The fees for it will be 15000/- INR. You can avail 10% discount if you register on or before 1st Dec 2019. For registration call+919324174580.
Don't follow the crowd blindly, instead learn first and then earn.

Nickel: ElliottWave Forecast

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MCX Nickel Daily chart


As per wave perspective, prices are moving in wave c in which it is moving in wave iii. There are high chances for it to test 161.8% of wave a to wave b. The Fibonacci projection of 161.8% is where wave c will end and then next leg will start.
Find out how to use Fibonacci projections and retracements in my Elliott Wave and Neo Wave webinar, which is a 4 day webinar and the cost for the same is 15000/-. For the first 5 seats the discount of 10% is available. The next batch is on 7th December. The last date to avail discount is on 1st Dec 2019. For registration call +919324174580.

Tata Steel: ElliottWave NeoWave forecast

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Tata Steel 60 mins chart


I have placed my wave counts in the above chart of Tata Steel hourly chart. You can also place wave counts by first learning from me. Elliott-Neo Wave webinar/classroom training is going to start from 23rd November, this will be a four day course and will be explaining not only the theory but also it's practical applications on various asset classes. The fees will be 15000/- but for the first 5 seats there will be 10% discount.  This offer will expire on 20th November. For registration call 9324174580.
In the above chart wave v has started, this wave can be a failure as well as the reason is due to over extension of wave iii. I will be monitoring closely this last leg which can reach till ....

USDINR: ElliottWave NeoWave

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Elliott-Neo Wave lecture to start from 23rd November 2019. This will be a 4 day course and will be teaching you all the important concepts, patterns and much more on this theory. The fees will be 15000/- INR or $211. Minimum 10 students in a batch. The course can be taken on webinar or classroom training. Avail 10% discount for first 5 seats. Hurry offer valid till 20th November. For registration call +919324174580

Technical Analysis course will start from 24th November 2019. The batch will have minimum 10 students in which first 5 students will get 10% discount on or before 20th November. Hurry before the offer ends register yourself with me for the 3+ month course set on every Sunday over 3-4 hours. The fees will be 15000/- INR or $211. For registration call +919324174580

ElliottWave and NeoWave Lecture starting from 23rd November 2019

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Elliott-Neo Wave lecture to start from 23rd November 2019. This will be a 4 day course and will be teaching you all the important concepts, patterns and much more on this theory. The fees will be 15000/- INR or $211. Minimum 10 students in a batch. The course can be taken on webinar or classroom training. Avail 10% discount for first 5 seats. Hurry offer valid till 20th November. For registration call +919324174580.

Vedanta: Revisited

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Vedanta Anticipated on 11th Nov 60 mins chart


Vedanta Happened on 14th Nov 60 mins chart


Like I had mentioned in my earlier excerpt that Vedanta is expected to plunge in one leg down to complete the pattern as mentioned here, check out the link...
https://www.marketanalysiswithmeghmody.com/2019/11/vedanta-elliott-wave-forecast.html
It went down as expected near to it's previous lows. You can also learn ElliottWave and Neo Wave concepts with me.
The webinar/classroom training is going to start from tomorrow. It will be a 4 day course and will be explaining all the concepts of the theory with practical application. The fees for the same is 15000/- INR or $211. Avail 10% discount for first 5 seats till EOD. Remember class starts from tomorrow. For registration call +919324174580.

Nifty: Elliott Wave Forecast

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Nifty 60 mins chart


Nifty crossed 12000 mark, but could not sustain above it as a result selling intensified which dragged prices lower below 11900 levels. Earlier it was moving in a rising channel, now it has broken its previous support and started moving in a small falling channel.
From Wave perspective, prices are moving in a corrective mode down after probably completing wave iii/c up at near to 161.8% of wave ii/b. The near support for the benchmark will be at 11700 which was earlier acting as a resistance, now will act as a support (polarity reversal). 
Nifty is poised to tumble in near term with crucial support at 11700. View my Nifty article which was written on 3rd November 2019. Here is the link...I had mentioned that Nifty will reverse soon. Check it out.

https://www.marketanalysiswithmeghmody.com/2019/11/nifty-whats-next.html

Learn Technical Analysis to understand price movement, how to identify support and resistance, retracement, patterns, gaps, different types to chart …

Nifty Bank: ElliottWave forecast

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Nifty Bank 60 mins chart


Nifty Bank was a laggard as compared to other benchmark but it quickly surpassed it's previous high, but today it closed below it's previous day low after four trading days i.e on the daily chart. On hourly chart wedge was taken out giving an indication that prices will fail to move higher. 
From wave perspective, Nifty bank will move in negative direction but how much it will retrace? Learn Elliott-Neo Wave theory in a classroom training or webinar a 4 day course. The fees will be 15000/- Avail 10% discount for first 5 seats on or before 15th November. The course starts from 16th November. For registration call +919324174580.

DOWJONES and NASDAQ: Riding the Wave

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DOWJONES Weekly chart


NASDAQ Weekly chart


Understand how Elliott-Neo Wave works, how to place wave counts manually, what are the rules of plotting a particular wave. All this will be taught in my Webinar which is starting from 16th November 2019. This will be 4 day webinar and the fees will be 15000/-. Avail 10% discount on or before 15th November for first 5 seats. Hurry!! For registration call +919324174580.

DLF: Diametric, Expanding Diagonal

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DLF Daily chart


DLF has rallied 60-70 Rs from the bottom and it is showing strength now. However it is near to it's resistance zone and it is better not to jump in at current juncture.
From waves perspective, prices corrected from the top where Y is placed in Neo wave diametric pattern followed by wave b in one lower degree and wave c in expanding diagonal pattern. Now it is moving in wave c as this entire pattern is Flat.
The course of Elliott Wave is going to start from 16th November. The course will explain all the concepts of the theory and it's practical application. Avail 10% discount for first 5 seats. Hurry the offer ends on 15th November. For registration call 9324174580.

Hindalco: Elliott Wave Forecast

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Hindalco Daily chart


Hindalco is moving in a falling channel and has shown resilience from the lower end of the channel. Now it is imperative for prices to move above the falling channel for positive possibilities to open.
As far as prices persist in this channel, lower highs and lower lows will continue. I think there are high chances for prices to move up above the resistance of the channel.
From wave perspective, prices have completed complex correction pattern (w-x-y-x-z). After that impulse wave has started in which it has completed wave I and wave ii is ongoing. Once that is complete wave iii will start.
Learn Elliott Wave n Neo wave starting from 16th November. Avail 10%discount on first 5 seats. The offer ends on 15th November. For registration call 9324174580.

Vedanta: Elliott Wave Forecast

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Vedanta 60 mins chart


Vedanta from the above chart is moving in a sideways pattern particularly in a range of 167-140 levels. Recently it moved near to it's upper extreme and is showing signs of reversal.
The metal stock is moving in a .... pattern in which it has completed wave b and now wave c is on going. There is one more concept of ... which makes price fail to move lower. I am not going to mention here, but you can learn from me in my Elliott Wave webinar/classroom training. It is going to start from 16th November. Avail 10% discount for first 5 seats which will end on 15th November. Hurry! For registration call +919324174580.

Nifty P&F

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Nifty Daily P&F


Point and Figure chart is unique technique to trade, but it is lost as few know how to trade with this chart. The calculation is tedious but once it is done then the analysis part is much easy. Learn all the techniques, patterns, its trend lines and all its concepts to understand and trade with help of this chart.
The entire Point and Figure chart is explained in my Technical Analysis course, a 3 + month course which offers major concepts and patterns along with Oscillators and much more. Don't wait, register yourself for this course and become an Technical Analyst. the fees is 15000/- INR or 211 USD$. The new course starts from 17th November. Get 10% discount for first 5 seats. Hurry offer ends on 15th November 2019. To register call +91-9324174580 or mail meghmody@gmail.com

EURINR: Is it consolidating near resistance?

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EURINR Daily chart


I have placed my manual wave counts in the above chart. However, I have hidden the recent one. It is difficult to place wave counts but learning can help you to practice and forecast prices of any asset class.

In the above case either wave b/ii is over or still ongoing. I am aware how much time left for the current wave to end. Learn from me Wave theory, a two paid course which is going to start from 16th and end on 17th November. The course can run by over 12-15 hours. The fees is 15000/- INR or 211 USD$. Get 10% discount on first five seats. The discount ends on 15th November. For registration contact +919324174580.

USDINR: What is going on?

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USDINR Daily chart


From the above chart, I have been saying that prices are moving precisely in a falling channel (black). Last week I had published an article: USDINR: How an impulse wave looks like. Here is the link...
https://www.marketanalysiswithmeghmody.com/2019/11/usdinr-how-impulse-wave-looks-like.html
In which is stated that, it had broken its previous low by making 70.70 but it is not a sell signal. I had also mentioned that monitor its direction. The pair advance by over 70 paise from the low of 70.70 where my bias was a BUY.
I have hidden the wave counts, but you can learn Wave theory from me, which is a two day paid webinar/ Classroom training. It is scheduled on 16th &17th November. The fees is 15000/-INR or 211 USD $. Avail 10% discount on first 5 seats. Hurry offer ends on 15th November. For registration call +919324174580.

SBI: Wave C in Ending diagonal weekly chart

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SBI Weekly chart


SBI has moved in an ending diagonal pattern in last 5 years making it count as wave C in one higher degree. From June 2019 it started correcting and broke the lower trend line of the pattern. As of now it is trading in the pattern but it won't sustain and as a result it will falter below it's previous low of 244 levels. 
The fall looks to be zigzag. It has completed wave a in impulse. Now it is in wave b in which it has not crossed 61.8% of wave a. A minor leg is pending, once completed wave c on the downside will start.
Summation, I am expecting SBI to move down in the price range of 244-222 levels over medium term.
Learn Technical Analysis course,a 3+ month course to give u an understanding of price movements, it's different patterns, it's pattern targets and so on. Elliott-Neo wave is set to start on 16-17th November. Don't miss this opportunity. For registration contact 9324174580

Nifty Pharma: Elliott Wave counts

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Nifty Pharma Weekly chart

Elliott-Neo wave webinar or classroom training is provided. A two day paid course giving you in-depth knowledge of the theory and it's Practical applications on chart. For registration call 9324174580.
As per wave theory on the above chart, prices are moving in double come correction. Here after completing second correction of wave a, prices are moving higher in wave b which can progress till 9000 or near to it. Then the index will move down in wave c breaking it's previous low which is end of wave a.

GBPINR, NiftyRealty,Nifty commodity explained in a Video

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Learn Technical Analysis course for more then 3 months and become a certified Analyst. A course designed to learn and apply all the concepts from the start till the end. The cost is 15000/- INR
ElliottWave theory applied on various charts, learn it in my two day classroom training or webinar. The cost is 15000/- INR
Discount of 10% is applicable for first 10 seats. It will end on 13th November. The fresh batch starts from 16th November. Hurry!

Nifty IT: Impulse 4th wave correction

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Nifty IT Daily chart


The IT sector is facing tremendous pressure after whistleblowing event which happened in Infosys. Now the question arises is is it really whistleblowers who are dragging the IT sector down?
Technically speaking, prices of IT index was near to the resistance of the rising channel. From there it has started moving down in a lower high and lower low fashion. 
Elliott wave indicates that, the current up move is in impulse in which it has completed wave v of wave 3 in a extension, this opening wave 4 lower. This wave 4 will drag prices way lower till 13500-13000 levels where channel support is placed.
Learn ElliottWave Neo Wave in my two day paid webinar, which will run for over 12-15 hours. Classroom training also provided. The fees for the same is 15000/- INR. For registration call 9324174580.

GBPINR: Elliott Wave Forecast

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GBPINR Daily Chart


From the above chart it is very clear that prices are moving in a rising channel formation which is a positive sign. As of now it is facing the resistance of the channel, it is likely that it will move down and test the support of the channel. This retracement will also be ....% from the recent up move. This fall which will start in this week will be short lived and prices will be back above 90 levels and test its previous high which is placed at .... levels.
Wave theory say that, GBPINR is moving in a flat pattern where it completed the first correction in a three wave pattern, and now it is moving in wave b which is also corrective in nature in which it has completed wave a and wave b of wave b is set to start. Once that is completed near to .... levels prices will resume the major trend and can move back up till .... levels which is ....% of previous fall. I have hidden the Wave counts and also not mentioned any correction levels and final targets but you can le…

USDINR: How an impulse wave looks like

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USDINR 15 mins chart


USDINR is moving down by forming lower tops and lower bottoms. Today in the opening itself it broke it's previous bottom which is a sell signal. 
Advance Technical Analysis gives an indication that it is not a sell esp after breaking it's previous bottom. I have applied wave counts manually check it and monitor this pair and it's direction.
Learn Elliott-Neo Wave in my two day paid webinar/Classroom training for over 12-15 hours. The fees will be 15000/- INR. For registration call 9324174580. For first five seats 10% discount is available. It ends on 15th November. The course is schedule on 16th and 17th November.

Nifty: what's next?

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From daily chart, Nifty crosses its previous cluster of resistance placed at 11700 and from there it made a high of 11945 which was closer to my mentioned level of 12000 mark. As of now prices are moving in a rising channel (shaded).However, this won’t last as Nifty is forming small candles from past two days giving an indication that Nifty will relieve from current levels.
On Friday prices broke its previous low but closed in a positive terrain. Now any move below 11845 will open negative possibilities which can drag prices lower till 117 00 levels which was earlier a resistance will now act as a support (polarity reversal).
As per daily waves, prices either have completed wave c or iii at 11945 or it is still moving in that wave. Once it is completed near to 12000 mark, a new leg on the downside will start.
Learn Technical Analysis course, training that can help you grow as a trader/investor. A 3+ months course, scheduled every Sunday. For registration call 9324174580.
Training on …

MCX Crude: To surge till 4200-4300

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As shown in the daily chart, prices continue to protect its previous low. As far as previous lows are protected, higher highs and higher lows are on its way. The bias as of now is positive and it is set to cross its previous high of 4030 levels. 
Before crossing 4042 prices need to protect the level of 3822, any break below this level will open negative possibilities which can drag prices lower.
 Daily Waves suggest, minor waves wave a and wave b of wave e which is a three wave structure is completed which means wave c of wave e is pending up which may or may not test its trend line resistance. The immediate resistance will be at 4200-4300 levels.
Learn Technical Analysis for over 3+ months and analyse stocks, indexes, Commodities, currencies by your own without relying on others. For registration call 9324274580.
Elliott and Neo Wave webinar/Classroom training is provided for two days. For registration call 9324174580.

All INR Pairs

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All INR Pairs in Daily chart








In the above INR pairs I have hidden the recent Wave counts and patterns, but you can learn Elliott Wave and Neo Wave in my two day paid webinar/classroom training schedule on 16th-17th November for over 12-15 hours. The fees for the same will be INR 15000/-. For registration call 9324174580.
If you all want to learn Technical Analysis from the start, the course is schedule for over 3+ months and the lecture will be on every Sunday for 3-4 hours. Total 80 hours of training will be provided. The Fees will be INR 15000/-.Don't miss this golden opportunity. For registration call 9324174580.