Market Analysis With Megh Mody

EURINR Daily chart It is to be seen that that wave c has started in which wave iii of impulse on the upside is on the way which can move till 82.60 or even higher, then wave iv on the downside can also be seen followed by wave v which can move till 84.30 levels. The level of 84.30 is 80% of previous wave a.  Learn Elliott-Neo wave in my four day classroom training/ webinar. The course fee is INR 10,000/- for registration call +919324174580.

MCX Crude Oil Daily chart Elliott-Neo Wave webinar/ Classroom training is set in January 2020 for 4 days in which you will learn the theory as well as practical applications. The course fee will be INR 10000/- For registration call +919324174580 A symmetrical triangle can be seen in the above chart. Prices are near the resistance of the upper trend line. This is the last leg of triangle pattern which is wave e of wave b. Once this wave is complete Crude oil prices will slip down till 4150 followed by 3800. 

US 10 year treasury yield daily chart Learn Elliott-Neo wave webinar/ classroom training for 4 days with me which will cost you RS. 10,000/- and will make you learn the theory and practical application of time and price. Don't follow the crowd blindly, think objectively before entering a trade. For registration call 9324174580. The above chart is the 10 year yield of US and it is suggesting that wave iv in a Slanting triangle is on the brink to complete after an extended third wave. After wave iv, wave v will move down which can drag prices lower below the end of wave iii.  If this holds true the 10 year bond which is quoting at 128 can move up till 132 in near term.

MCX Gold Daily chart Learn ElliottWave Neo Wave analysis with me in my four day course webinar/classroom training which will provide an insight about how market behaves, where it will reverse and how to catch a rally which I showed in the above chart of gold. The fees for the same is INR 10,000/- Now let us understand what is going to happen in MCX Gold. Prices have recently given a breakout and it is in wave 3 which is extension within extension as seen in the above chart. This means that wave 4 down and wave 5 higher both are pending. If everything is in place in next year Gold can test 44000-45000 

Hang Seng (Hong Kong) Daily chart Hang Seng is Hong Kong benchmark index, which is been moving mostly in a range of 30,000- 25000. I think as far as price persists in this range no clear direction can be seen. This range can become narrow going ahead as triangle can be formed in a corrective wave. As per wave theory, wave a was in a impulse fashion. As of now from the level of 24500 to 30000 is wave a of wave b followed by wave b of wave b lower at 25000 and currently it is in wave c which has already progressed till 61.8% of wave a of wave b. There are chances for it to go till 80% too. I think 29200 is the capping for the current wave up which will start wave d down followed by wave e up which will terminate below 30100 levels. This forecasting is difficult to do but you can learn and become a ElliottWave forecaster/Practitioner in my 4 day course where I will teach you all the aspects of time and price along with entire theory with practical applications. The course f

GBPINR weekly contract From wave perspective only a flat pattern can fit into the above chart where in wave wave c of wave b is pending higher which can move up till 102 levels minimum, if regular flat is then converted to irregular flat there are high chances for prices to move till 109 or even higher. Learn Elliott and Neo Wave analysis which will be a four day course. Classroom training is available and fees for it will be INR 10,000/-. Don't follow the crowd blindly think objectively and trade with the help of trade setups. For registration call +919324174580.

MCX Silver Fut Daily contract MCX Silver is showing resilience from the lower levels. many thought that the trend was changed but if you compare the hart of MCX Gold with MCX Silver, Gold is at all time high but silver has not crossed its previous high. It is difficult to say if it will cross its previous high or not but it is easy to forecast that its previous high will be crossed. From Wave perspective I have used combination of Elliott and Neo wave and came to a conclusion that prices are moving in a (a-b-c) pattern. In which at present prices are moving in wave c. In wave c which is an impulse wave prices have completed wave iv and is now set to move up in the form of wave v. This wave v can terminate near till 53000-53100 levels which is 61.8 of wave i-wave iii-wave iv. Learn Elliott Wave and Neo wave analysis in my four day course, classroom training available. For registration contact +919324174580. the course fees is Rs. 10,000/-. Technical Analysis course o