Market Analysis With Megh Mody

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DAX Anticipated on 14th December 2019 DAX Happened on 7th January 2020 In my previous update dated 14th Dec 2019, i had mentioned that DAX is all set to plunge near till 12900 levels from the highs of 13400. This fall was anticipated on 14th December 2019 and it made a low of 12950 on 7th January 2020 thus coming close to my mentioned level. Here is the link to see the previous article on DAX where I had anticipated. https://www.marketanalysiswithmeghmody.com/2019/12/german-dax-anticipated-happened-and.html Now let us understand what is going to happen next in German DAX. With use of Elliott Wave theory, I have come to a conclusion that the index is on the rink to cross 13400 levels and set to move beyond. The minimum target will be in-between 38.2-61.8% of wave iii-wave iv which comes to 13800-14300 levels for DAX. This will be wave v on one higher degree. Now this is not difficult to analyse, you can learn Elliott Wave and Neo Wave in Webinar/Classroom traini

Daily chart of Bitcoin Weekly chart of Ethereum Not so long ago I have prognosticated that Bitcoin will tumble down till 3500$. This forecast is still valid. Here I have come up with a short term forecast where I have mentioned that wave a after wave x will start soon or might have started.  This wave a can move down till 6500$ or even lower near till 6200$ where the channel support is placed. For Ethereum it is very clear that one more leg on downside is pending. In this case that is one higher degree it has already started. This leg down can go beyond 79$ in for of wave c or wave y. Learn Elliott-Neo Wave in my four day classroom training. The fees will be INR 10,000/- or $155. For inquiry and registration call +919324174580.

MCX Nat Gas weekly chart MCX Natural Gas is set to plunge near till 125-120 levels as cluster of supports are placed at this level. It is also to be seen that a classical triangle pattern is formed within which prices are moving.  As per wave theory, prices are moving in a corrective pattern in which last leg is triangle. In triangle prices are moving in last leg which is wave E. This can tumble prices near till 125-120 levels. Once it is over, prices are likely to reverse. Learn ElliottWave NeoWave analysis in my 4 day course where I will teach theory and practical application of all the advance technical analysis. The course fee is Rs. 10,000/-. For enquiry/registration call +919324174580

Nifty Midcap 100 weekly chart Nifty Midcap 100 is moving in a positive trend as none of it's previous lows have breached since 2008 crash. Also as far as continuation of higher highs and higher lows are intact the trend remains positive. From Wave perspective, prices are moving in wave 4 after completing wave 3 in five wave structure. In wave 4 it has completed wave A in a Diametric pattern and have started moving higher in form of wave B which can surge minimum 80% from the end of wave 3. This suggests that prices are positively poised. Learn Elliott-Neo Wave in my webinar/classroom training for 4 days. The course fees is RS. 10000/-. For enquiry/registration call +919324174580

Technical Analysis course is set to start in January 2020. This course will help you to understand free floating market movements and how it functions. The course will be for 4 months and it will be a classroom training in Mumbai. In the course the syllabus will start with basic and will end near to advance concepts of Technical Analysis. Don't miss this opportunity. For registration call +919324174580.