Market Analysis With Megh Mody

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 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, differ

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 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 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 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 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.