Market Analysis With Megh Mody

 Nifty Bank hourly chart anticipated on 9th July 2021 Nifty Bank hourly chart happened on 29th July 2021 In my previous update dated on 9th July 2021, I had mentioned for Nifty Bank, " Nifty Bank is negatively poised for short term and can test 34000 in couple of trading sessions. " First of all it did not reach the level of 34000 but made a low of 34129 on 29th July 2021. Also it did not falter in couple of sessions as wave B took more time to form than anticipated. The best part is it did fall near to my mentioned level by forming a flat pattern - Anticipated  Happened Here is the link of my previous article on Nifty Bank, click on it  https://www.marketanalysiswithmeghmody.com/2021/07/nifty-bank-elliott-wave-analysis.html Currently prices are moving in a impulsive fahion, which means it is moving in (i-ii-iii-iv-v) waves. As of now it has completed wave iv and has stated wave v which can reach till 36350-36400 levels over short term. The CMP is at 36100  The summation is N

 Doge Coin hourly chart From the above chart, Doge coin is moving in a sideways to negative direction except from past 2 trading days. The crypto is forming double bottom formation and also a rounding bottom pattern both are bullish reversal patterns.  For bullish possibilities to open it is imperative for prices to breach the level of $0.30 level, this will surge price towards its next resistance placed at $0.45 level. At present, prices are placed at $0.26 more 4 cents will open the door towards $0.45. The summation is, further positive possibilities will only open once price move above $0.30, which will soar price till $0.45 levels.

 Bitcoin daily chart anticipated on 11th July 2021 Bitcoin daily chart happened on 8th August 2021 In my previous update I had mentioned for Bitcoin, " P rices can test the level of $30000 over short term followed by $44500-$44700 levels over medium term." I was anticipating the fall for Bitcoin near till $30000 and then a rise near to the immediate resistance placed at $44500-$44700, both the fall and the rise is been captured- Anticipated Happened Here is the link of the previous article which I had written on  Bitcoin, click on it https://www.marketanalysiswithmeghmody.com/2021/07/bitcoin-elliott-wave-and-neo-wave.html As per Neo Wave prices completed the diametric pattern where it fell below $30000 and then came up in an impulsive fashion to start fresh leg higher. Sustainable move above $44500-$44700 will soar prices towards its next resistance area of $51000 followed by $59500 levels. The summation is Bitcoin needs to sustain above $44500 so that it can achieve the leve

 MCX Nat Gas daily continuous chart anticipated on 6th June  2021 MCX Nat Gas daily continuous chart happened on 26th July 2021 In my previous article on Nat Gas, I had mentioned that, " P rices can test 200 levels over short term which can drag prices lower, buying opportunity can be expected at these levels which can soar prices towards  300 to 315 levels over medium term." I initially thought that prices are moving in a triangle pattern and so wave e of the triangle can test 200 levels which I was wrong in the short term. However, I was correct in anticipating the medium term as it can test 300-315 levels which is achieved- Anticipated Happened Here is the link of my previous article on NAT GAS https://www.marketanalysiswithmeghmody.com/2021/06/mcx-nat-gas-reversal-pattern-and.html Prices have completed wave b in a flat pattern and following that an impulse structure can be seen which is undoubtedly wave c. Now a correction either in the form of wave x or a deeper correcti

 EURINR daily continuous chart anticipated on 5th July 2021 EURINR daily continuous chart happened on 19th July 2021 In my previous update dated 5th July 2021, I had mentioned that, "  EURINR is hovering near resistance and can sink near to 87.6-87.5 levels over short term." EURINR made a low of 87.33 on 19th July 2021, thereby achieving my mentioned level of 87.6-87.5 levels- Anticipated Happened The chart shown on 5th July or 19th July or when the article is written depicts Neo Wave diametric pattern, a seven leg pattern which has lot of variations. You can see the previous article of EURINR by clicking on the link https://www.marketanalysiswithmeghmody.com/2021/07/eurinr-neo-wave-diametric-pattern.html After completing diametric pattern there are high chances for the pair to bounce or can change the trend from negative to positive. This can be the end of wave ii or wave a of wave ii, once completed wave iii on the upside will start.

 ICICI Bank daily chart anticipated on 4th July 2021 ICICI Bank daily chart happened on 26th July 2021 In my previous update on ICICI Bank I had mentioned that, " ICICI Bank is firmly positive and can move higher from current levels close to 680-685 levels as far as 615 is intact on the downside." The banking stock move up and achieved the level of 680-685 levels by forming an expanding diagonal pattern - Anticipated Happened As per Elliott Wave, prices which were expected to move up in the form of wave c, has converted into expanding diagonal pattern, once completed there wil be a correction either in the form of wave x or bigger correction.

 MCX Copper hourly continuous chart anticipated on 6th July 2021 MCX Copper hourly continuous chart happened on 26th July 2021 In my previous update I had mentioned for MCX Copper, "  MCX Copper can achieve levels of 760-765 over short to medium term with support at 712." The red metal moved sideways and marked a low of 711.4 but did not closed below 712 and continued to move higher thereby achieving my level of 760-765 levels - Anticipated happened. MCX Copper has rallied over 30-35 INR from July 6, thereby gaining 4.80% . The bias over medium term will continue to be positive and can move up from here as well. Here is the link of my previous article on MCX Copper, this will show how I had predicted the rise, click on the link https://www.marketanalysiswithmeghmody.com/2021/07/mcx-copper-inverse-cup-and-handle-and.html Now If I am correct in anticipating the rise and the wave counts I had placed then MCX Copper is least likely to fall back till 725 levels. If it does then we