Market Analysis With Megh Mody

Ethereum hourly chart In the above chart it's is clear that higher highs and higher lows are formed. It is also important how much it can retrace? I have hidden my wave counts but you can plot by your own after learning Elliott Wave and Neo wave concepts. A two day paid webinar cover different topics about price and time. Don't miss it. The fees will be 15000/-, call 9324174580 for registration.

MCX Crude Daily chart I am not going to disclose the wave counts here but as in my previous update I was so correct for MCX Crude, This time I am just showing you the chart and you can come with your own analysis. I know what is coming next for crude. If you guys want to learn how to forecast price, you can by registering for Elliott and Neo Wave analysis course which is a two day paid webinar. The run time for it is more than 15 hrs and the fees is 15000/-. I would reckon not to miss this opportunity as learning has no age. This will help you to start believing on your own analysis and you will not require people to follow blindly. For registering call 9324174580 or mail meghmody@gmail.com

Nifty gave a spectacular gains on Friday after the announcement from Indian Finance Minister but was it a surprise? Well 5 % intraday is huge but breaking 10600 was least likely.  Intraday players especially the ones who follow people blindly and don't think before doing trade that too without stoploss will make huge loss but Elliott Wave practitioner will not as they have objective approach towards price movement.  Learn Elliott- Neo Wave and stop follow people blindly and trade objectively. A two day paid webinar to help you understand the important concepts. The run time will be 15 hrs or more. The fees will be 15000/-, for registration contact 9324174580 or mail me meghmody@gmail.com. Nifty Video

Bitcoin hourly chart In the above hourly chart, a two converging trend lines are drawn in which prices are moving within, giving an indication that symmetrical triangle is forming. In a triangle pattern the requirement is, there needs to be two touch points on both the trend lines. In this case the requirement is fulfilled. From Waves perspective, a triangle needs to have five legs within (a-b-c-d-e). All the waves in the pattern is corrective in nature. In the above case wave d is completed and wave e has opened, this wave e is not may or may not touch the lower trend line. So I expect that prices should fall in a range of 9700-9600 levels where wave e will complete. After completing wave e lower which will also complete wave b on one higher degree. Prices are expected to start wave c higher which can be 61.8% or 100% of wave a of one higher degree. So prices can move till 13390 and or 15780 respectively.  The summation is, the bias for Bitcoin is firmly positive. Th

USDINR Short term view USDINR has bounced back from the lower levels and is likely to move higher near till its previous high placed at 72.6 levels. Technically speaking, prices are moving up in a higher highs and higher lows after marking a low of 70.96 levels. This recent upmove can halt and a sideways to negative action can be seen which can fill the gap at 71.7 levels. Thereafter, it can move to test the high of 72.6 levels. In terms of Wave theory this is a flat pattern where wave a after the high of 72.6 was a three wave structure (a-b-c) and wave b will be almost 100% of wave a. USDINR Medium to Long term view USDINR is possibly going to stay in a range of 72.6-70.9 levels over medium term but this will not be the range as the overall trend is firmly positive, prices are set to rise going ahead and can even cross 72.6 to test 74 levels. As mentioned above after completing wave b it can move down to test 70.9 levels in the form of wave c to complete wave ii/b.

Nikkei Daily chart Japan's index Nikkei is moving in a 3-3-5 pattern. This pattern is also called as Flat pattern. There are different versions of flat pattern where this is a regular flat pattern. In this regular flat pattern prices are moving in wave b which is a corrective pattern (a-b-c) in which wave c is ongoing and can move up till 24000. You can learn Elliott Wave and Neo wave analysis which I have applied on the above chart to forecast price action. This will be a two day webinar which is scheduled on 21st and 22nd Sept running by over 15 hrs and the cost for it will be 10000/-. For registration call 9324174580.

Technical Analysis Basic course is designed for amateurs or people who wants to learn and understand price action. Charts are the only tool for an analyst to look ,analyse and forecast price. This course will not only help you to learn but will help you to practice applying different tools and techniques like trend lines, channels, support and resistance, Fibonacci Retracement and projection. For details of the syllabus and course you can click on the below link: https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html