Market Analysis With Megh Mody

Nifty hourly chart From hourly analysis, there is no discontinuation of higher highs and higher lows and so it is difficult to say that the trend is negative, but a move below ... which is the black horizontal line can open negative possibilities. As per wave theory, the index has completed wave a in a complex correction and now it is moving in wave b which can falter till ....% of wave a of one higher degree which comes to .... levels. The summation is, it is imperative to remain cautiously positive for the index, any move below... can drag it till .... levels in near to medium term. Learn Elliott Wave and Neo wave in my 1 month course which will be a paid webinar scheduled twice a week, the fees for the same will be Rs. 10,500/-. Call +919324174580 for registration and enquiry.

SBIN hourly chart From the above chart, I have drawn Neo Wave diametric pattern to complete wave b at one higher degree. After that wave c is still ongoing in which wave iii was extended and as of now wave iv of wave c is in making, now this can eventually turn into symmetrical triangle as shown in the above chart. The other possibility is wave iv is completed in a complex correction (w-x-y) and it is now on the brink to start wave v of wave c lower, as soon as the level of ... is broken prices will start wave v which can falter till ... which is ...% of wave .... Find out which level it is that will complete wave iv and moreover Learn Elliott and Neo Wave with me in my paid webinar of one month, schedule twice a week covering theory and practical applications in Rs 10,500/- for registration call +919324174580

The above video is on MCX Zinc Mini where I had taken chart and manually counted Wave counts, the video shows how accurate I was in calculating. The below link is how I had taken the 10th March chart which became a fact after almost 2 months. https://www.marketanalysiswithmeghmody.com/2020/03/mcx-zinc-mini-elliott-wave-forecast.html Learn Elliott-Neo Wave in my 1 month course for twice a week to understand all the concepts of time and price and all the patterns of the above mentioned analysis. This can be done in my webinar so don't miss the opportunity of the ongoing lockdown, learn something valuable. The fees for the same is RS. 10,500/- contact +919324174580 for registration and enquiry.

MCX Zinc Mini daily continuous contract Anticipated on 20th April 2020 MCX Zinc Mini daily continuous contract happened on 22nd April 2020 In my previous update dated on 20th April 2020, I had mentioned , " Zinc Mini has a hurdle at 155, as of now cautiously positive for this metal is advisable. Any move below 149 will infuse selling pressure dragging prices lower till 142." Today in the opening session it made a low of 142 after breaking 149 yesterday- Anticipated Happened Check out my previous article on Zinc Mini by clicking the below mentioned link. https://www.marketanalysiswithmeghmody.com/2020/04/mcx-zinc-mini-anticipated-happened-and.html Currently I think wave iv is over as it failed to cross 155 and tumbled, this means that wave v which is also the last leg or last wave of an impulse has started. The ongoing wave can falter till 127-125 levels in near to medium term. This analysis is not easy as lot of practice is required for the b

MCX Copper daily continuous chart Anticipated on 4th April 2020 MCX Copper daily continuous chart happened on 20th April 2020 In my previous update dated on 4th April 2020, I had mentioned, "T he bias for Copper is positive for short term as it can move near till 387-390 price range with support at 375 levels." Prices went above 400, thus achieving my mentioned level. Check the link of my previous article on MCX Copper by clicking here https://www.marketanalysiswithmeghmody.com/2020/04/mcx-copper-elliott-wave-forecast.html As expected prices have completed wave iv which has reversed from the supply zone and it is all set to start or have started wave v lower. This wave v can move below wave iii but has the tendency to truncate as well so will just give a range in between ..... levels over short to medium term. Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will be conducted every once in a week

MCX Zinc Mini Fut Daily Continuous contract MCX Zinc Mini Fut hourly continuous chart In my earlier update dated 29 th March 2020, I had mentioned in Zinc mini that, “ prices are expected to take a breather which can soar it near till 146-149 levels as far as level of 139 is intact on the downside .” The metal moved up above 150 levels, thus achieving both my levels of 146 followed by 149- Anticipated Happened Check the previous article by clicking on the below mentioned link https://www.marketanalysiswithmeghmody.com/2020/03/zinc-mini-elliottwave-forecast.html As shown in the daily chart of Zinc Mini, prices are still moving higher with small candles each day, indicating that prices are on the brink to lose the positive momentum. However, there is no reversal as such in prices that can relate to my view and so it is advisable for price confirmation to obtain. From hourly chart, the upward sloping black trend line is providing support which is als

Bank Nifty Daily chart Bank Nifty hourly chart In the above daily chart, prices are moving in a sideways direction and inching close to move above its previous high which will form a higher highs and higher lows. For this it is imperative for the index to move above 21350 levels. Currently the index is trading at 20740 levels. Daily RSI is still below the center line which makes the index less lucrative. From hourly analysis, the index persists in a rising channel formation and the resistance for the index comes to 23100 levels. Before this hurdle there is another threshold which is at 22300 levels. However, RSI in hourly chart is also near to the overbought terrain. As per wave theory, prices are moving in wave c of wave a as of now, which means it can move till 100% of wave a of wave a which comes to 22300 levels. This can extend further as well till 161.8% of wave a of wave a. The summation is, Bank Nifty can move till 22300 levels in near term with