Market Analysis With Megh Mody

Nifty weekly chart After the Union Budget Nifty has corrected bit it was short lived as it quickly conquered 12000 one next few sessions. However not many could see that it was trading near the channel resistance, there was also a distribution pattern seen which just got completed. Let us see now what is next for Nifty with help of Elliott Wave theory. It completed ending diagonal pattern and it seems that wave 3 is over which opens wave 4 down. This wave 4 can retrace in-between 38.2-50% of wave 3 which can come to 8500-7350 respectively. Once this is over wave 5 on the upside will start.  So I am expecting Nifty to falter near till 8500 (long term forecast).

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I have anticipated the entire move, this prognostics can also be done by you, all you have to do is learn ElliottWave NeoWave with me in my 4 day course in Mumbai. Classroom training and or webinar are available for it. The course fee will be INR 10,500/-. For inquiry and registration call +919324174580.

MCX Gold Anticipated on 31st Dec 2019 MCX Gold Happened Mar 2020 In my previous update I had mentioned that, " 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."- Anticipated Happened Prices reached a high of 44960 yesterday, it was quoting at 39170 when I had written the article. Here is the link check it out. https://www.marketanalysiswithmeghmody.com/2019/12/mcx-gold-elliott-wave-forecast-and.html What is next in gold? well you can learn to find by yourself as Technical Analysis classes is going to start from 21st March 2020- classroom training in Mumbai, 4 month course. Contact +919324174580. If you want to learn Elliott and Neo Wave it will be 4 day course both classroom training and webinar available. Contact +91932417580

USDINR Anticipated on 24th January 2020 USDINR Happened on March 2020 In my previous updated dated 24th January 2020, I had been mentioning that prices are poised to go up which means INR will weaken against US Dollar. I was not bullish from the month of January infact I was from December 2019 itself. However, change in price patterns forced me to change the wave counts but not the view. Here is the two link which I am sharing in which I was mentioning for the level of 73-73.5. Click on it https://www.marketanalysiswithmeghmody.com/2019/12/usdinr-re-visited-and-elliott-wave.html https://www.marketanalysiswithmeghmody.com/2020/01/usdinr-change-in-wave-counts-but-not.html This is not magic but analysis which I am doing by combining advance technicals with other technical tools. You can learn with me in my 4 month course where I teach Technical Analysis. For inquiries contact +919324174580 Learn Elliott and Neo Wave analysis in my 4 day course classroom training an

I had made this video on 1st Feb 2020 where I had shown ending diagonal in Nifty. Last week Nifty witnessed correction which was worst in a decade. See the YouTube video on Nifty and learn Technical Analysis and/or ElliottWave NeoWave in my classroom training or webinar. Contact +919324174580

I had mentioned that DAX has a last leg up pending which can take prices in between 13800-14300 levels which was covered in my last update dated 10th January 2020. Here is the link of the update, click on it https://www.marketanalysiswithmeghmody.com/2020/01/dax-anticipated-happened-and-elliott.html DAX made a high of 13800 which was my last leg or wave five, once it was over what it has witnessed as a sharp selloff due to Corana Virus was also predicted before hand. The fall was made in a video which I want you all to see the date 31st January 2020. It is not so difficult to say that Elliott Wave has helped to to figure the crash on DAX before hand or before Corana Virus came into existence. You can learn Elliott Wave and Neo Wave with me for INR 10500/- or $155. It is a 4 day course and a classroom training if you reside in Mumbai, if in India or other country you can join in on webinar. Here is the video of the crash, do subscribe my YouTube channelfor such more intere