Market Analysis With Megh Mody

Nifty daily chart Nifty Elliott wave wave s are very much confusing at current juncture but I just came out with one of the probabilities that showcases something very astonishing. Technically speaking, Nifty is not showing any signs of weakness as it continues to make new lifetime high. Also to be noticed that the index is protecting it's previous low, all suggesting that upside is not capped. As per wave theory, I believe that wave iv was in a inverse descending triangle which implies that currently Nifty is in wave v and is all set to move till 61.8% of wave i, iii to iv  Let us learn all these concepts of Elliott-Neo wave in my four day course which will give  you objective approach to forecast price direction. This theory can be used in all markets and helps you identify proper reversal points and catch the rally. The fees for the same is INR 10,000/-. C for registration call +919324174580 classroom  training available. 

Learn Technical Analysis from the start in a classroom for 4 months and become a Technical Analyst. This will be a certified course and will be explaining all the Eastern and Western indicators in detail along with other important concepts like inter market analysis, PNF charting etc.  Don't waste time and follow crowd blindly, learn it and become a objective trader and investor. The classes are going to start from 5th Jan 2020. For registration call +919324174580.

MCX Nickel Daily chart MCX Nickel is moving in a higher highs and higher low formation after a dynamic move down from 1300 to 960. However, it seems that the trend is now changing. As per ElliottWave, I think either wave I/ a is formed followed by wave ii/b lower 1009 and now what it is witnessing is wave iii/c. If it is wave c I am expecting it to go till 1084 and if it is wave iii it can go till 1129 which is 161.8% of wave i to wave ii. In short the bias is purely positive for Nickel as it can move till 1085 to 1129 in near term.

Elliott-Neo Wave lecture to start from 21st December 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 10000/- INR or $155. Minimum 10 students in a batch. The course can be taken on webinar or classroom training. For registration call +919324174580.

Japan Nikkei anticipated on 17th September 2019 Japan Nikkei Happened on 13th December 2019 Learn Elliott Wave and Neo Wave in my four day webinar or classroom training which will give you a indepth understanding of price reversal and capturing the trend. Stay ahead of the crowd. The fees for the same is INR 10,000/- for registration call +919324174580. Here is the link for when the ndex was anticipated in September 2019 check out https://www.marketanalysiswithmeghmody.com/2019/09/japan-nikkei-3-3-5.html

German DAX 60 mins chart In my earlier article on German DAX written on 3rd December, I had mentioned that wave 5 or v is pending on the upside which can surge price near to 13400. The index on 13th Dec opened with a gap up and made a high of 13423 and quickly filled the gap which can also termed as an exhaustion gap- Anticipated Happened. Here is the link for German DAX written on 3rd Dec https://www.marketanalysiswithmeghmody.com/2019/12/german-dax-elliottwave-5th-wave.html After wave 5 or wave v there is a high possibility for prices to correct, here by using Elliott Wave counts I have come to a conclusion that the index can test 12900 in near term.This fall will be corrective in nature and will find support near wave iv or wave 4. After exhaustion gap there are hgh chances that the current rally is on the brink to fade. This entire analysis is easy to understand but difficult in practice, but you can practice with me by learning Elliott-Neo Wave analysis which i

USDINR 60 mins chart In my previous article on USDINR I had mentioned that prices are not here to move up from current levels but will reverse and move down till 71-70.9. My wave counts were slightly change but my view was very much the same. I had a doubt and had mentioned that something else will be in making which exactly happened. Here is the link https://www.marketanalysiswithmeghmody.com/2019/11/usdinr-detailing-with-help-of-elliott.html From wave perspective my view was down and was confident in reaching till 71-70.9, prices made a low of 70.6. It came close to its previous low and is now showing signs of reversal. The entire wave ii was completed in complex correction (w-x-y) and it seems that wave iii will now start and can reach till 73-73.5 odd levels by next quarter. My view now is firmly bullish for this pair. Learn Elliott and Neo Wave with me in my four day webinar or classroom training and understand the theory along with practical applications. The