Market Analysis With Megh Mody

Learn Technical Analysis from me in my 3+ month course schedule every Sunday for more then 3+ hours. Advance Technical Analysis like ElliottWave and NeoWave is done in my two day course for over 12-15 hours. The fees for Technical Analysis is 15000/- INR and Elliott Wave is 15000/- INR. For registration call 9324174580

Learn Technical Analysis Course for over 3 months every Sunday for more then 3 hours and become an expert in Equity, Commodity,Forex market. The fees for the above course will be INTR 15000/-  Advance Technical Analysis like Elliott and Neo Wave webinar is scheduled on 16th and 17th November. The fees for it is INR 15000/- which will run over 12-15 hrs. Here is the video

From daily chart, Nifty is moving up by not breaking its previous lows and it is taking support of the upward sloping trend line where it has taken support twice (marked by rectangle). However, new highs are not be made by the index. The falling trend line from the previous top is not allowing the index move above it. So it is imperative for prices to move above 11700 decisively for further positive possibilities to open.  Any move above 11700 will give a confirmation that the trend is positive as it will make higher highs and higher lows. Also there is a bullish crossover of two short term moving averages and now prices are taking support of 20 EMA (red). MACD is above the center line and is also above the trigger line. As per daily waves, prices are moving in wave iii/c. However, price confirmation is still needed which will be obtained after it crosses 11700, failure to do so can change the wave count as it can then make triangle pattern too.  Learn Technical Ana

MCX Crude Weekly chart From the above weekly chart of MCX Crude, prices are moving in a range of 3700-4700 levels. As far as prices persist in this above range, no trending move is expected. Also a keen observation, moving average of 50 SMA is been whipsawed many times giving an indication that there is no clear trend.   From weekly waves perspective, prices are probably moving in a triangle pattern in which last leg which is wave e is on its way. Now wave e may or may not test the upper trend line of the triangle pattern or a-c line. Once wave e is over prices will dip in wave c down which will be a trending move.  Weekly RSI is above the center line, giving an indication that prices are positively poised and can move up going ahead. Learn Elliott Wave and Neo Wave Analysis in my two day paid webinar/Classroom training, running for over 15 hours and the charges for two days will be RS.15000/-. For registration call 9324174580 or mail meghmody@gmail.com

Learn Elliott Wave and Neo Wave Analysis for two days paid webinar running for over 15hours. The fees for the same will be RS. 15000/-. For registration contact 9324174580.

Using Technical Analysis and Advance Technical analysis I have forecasted three asset class and its direction for this series and next.  You can learn technical analysis for 3 months. A course designed for you all to learn and practice for sufficient time with me. Elliott wave and Neo wave analysis is for two days. For registration call 9324174580.

GBPINR 15 mins chart From wave perspective, GBPINR is expected to reverse as it is on the brink to complete wave a after wave x near the support of the channel. There is still some downside left but a quick recovery will follow.  The entire correction is a complex correction (a-b-c-x-a-b-c). Here in this case it completed wave a of the second correction and so now it will open wave b up which can go till 91.3-91.5 levels. You can learn Elliott and Neo Wave in my two day paid webinar/ classroom training. The running hours will be 12-15 and the fees will be 15000/- rupees per person. For registration call 9324174580.