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USDINR: Headed to 75.5Wave A & B are done, wave C is overdue now. At the least C should be equal to A, providing for a ball park goal / target of 75.5. Rupee getting weaker has seldom coincided with Nifty keeping going higher. Most of the time Stockmarket goes down whenver the value of Rupee goes down. It happened during September-October '20 also within this madenning equity "rally" Caveat: Do never overstretch intermarket relationships. The Delta of change in the value of Nifty to Change in USDINR is not constant either. This is a broad relationship. Hear out the entire video recroding for further caveats and how am I using this chart. This chart prevents me to be an equities bull in abandon. Not yet short on equities, yet not willing to expand exposure on the long side on equities. Once the USDINR chart starts producing the C wave and the uptrend line on Nifty breaks thats when one will trade on the short side on equities.
Long
by SushilKedia
1
ridethepig | India marking a major highA flawless call in Nifty (Indian Equities) from the highs before Covid to the lows and back up in the opposing direction. We should all have made a killing on India, the pseudo-classical school always considers technical analysis as inferior, however this is not the case. As a main theme, INR buyers now choose to load for 68-66 which is the new base for 2021. The decade ahead looks positive for India and they will start playing a considerably louder position in geo-politics for the coming years. We are talking about a -8% devaluation from current levels. You can ask, what about pips? Well... pips are for pipsqueak's ... this is macro trading, rather than struggling daily this judgement carries strength in the MT and LT and ought to sound something like "watching paint dry". That is the real truth which my models have discovered about this leg lower in USDINR. You will find further considerations of the Indian macro picture in the end of year wrap up and the 2021 maps coming in the following weeks. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
4
Nifty 50 - Financial Astrology & Time Cycle December 2020 Gann Theory - Trends and Time Cycle:- Sun's Influence and Sun Cycle Sun's influence on Nifty with WD Gann Theory and Analysis by Falcon Trader 1 from FQZ Investments LLC Nifty 50 has been showing strong signs of clear inclination to Sun's aspect on objects: Node, Chiron, Lilith and the dates corresponding to these aspects have been shown in vertical lines in the chart. Moon's Influence & Moon Cycle Moon cycle and Fibonacci cycle as the strong date of 278 days from March 25th 2020, pointing again towards December 28th 2020, as a major trend change. If there is (0.5% or above) downside from December 11th, then there can be further downside from 28th December 2020. Elliott Wave Commentary: If this is Wave 3 of Nifty (sub Cycles) then there is likely correction for Wave 4, to be short as we saw in March and could retrace 38.2% to 12500 levels. Once corrected then it will again go to higher levels and touch 16000+ in near future, if you want to know more about this then you can comment below. Harmnics Pattern According to harmonics patterns based on WD Gann time cycles, if we take Jan 20, 2020, high and use that as a cyclic time for 122 days cycle, then we saw one pattern emerging around 15th Sep 2020 (start of wave 4) of sub-cycle. During this time Sun and Neptune had strong aspects and the same we saw around December 9, 2020. There is another strong harmonic pattern date around 12th Jan 2021 for Trend Change. If we use harmonics pattern dates, then there seem to be many changes around 9th, 11th December 2020. December 28th 2020 There are two main points here, Sun aspects two objects around December 26th and December 28th, now, December 26th is a holiday and therefore our focus will be December 28th, 2020, also as mentioned above there is a strong Moon Cycle change around 28th December 2020. We can expect a major down movement starting from December 11th, with further down movement on December 28th 2020 (more than 1%). But with Elliott wave already at the main pivot point of Wave 3 and also the current fundamental analysis, standard deviation and high price earning ratios, we are anticipating major correction as we saw around September 15th 2020 (300 points or more). If this does not hold true, then we go back to our Harmonics pattern and wait for Jan 12th 2021. Follow for more ideas like this - best use case can be Option Trade / or short term swings. If you would like to discuss Gann Square of 9, and other such concepts, comment below and follow.
NSE:NIFTYShort
by Falcon_Trader_1
Titan Biotech above Rs. 300++ My target for this beautiful and undervalued stock Rs. 300++ in next few months. Once Nifty corrects, this is the stock (monthly chart is good). And strength vs Nifty 50 is good too. If this sustains we can easily see the Elliott wave 3 ending at about Rs. 322. What are we talking about? Target Rs. 300++ That is 140% profit - are you with me? Elliott wave 3 (Monthly Chart) - can touch Rs. 300++ in next 3 months (may be earlier) Follow me for more ideas like this!
BSE:TITANBIOLong
by Falcon_Trader_1
IOC - can it stick to its character? - Target Rs. 90IOC has never completed Elliott Wave ever, every time it does, there is something happening. This time its covid19, and now a new wave started for it in September 2020. If we go through past charts and price points, I can clearly see it crossing Rs. 80 and touching even Rs. 90 - and all this in a short period of time. Who wants to make money on this stock? Comment for more observations. What are we discussing? IOC target price Rs. 90 (Possible?) - Can it break Rs. 84?? Don't wait for all 5 waves...
NSE:IOC
by Falcon_Trader_1
NIFTY 50 US ELECTION TRADE PLANHELLO EVERYONE! MY VIEW ON US ELECTION TRADE PLAN NIFTY50 RECENTLY BREAKED MAJOR SUPPORT ZONE AND ALSO WEEKLY TIME FRAME HIGH REJECTION AROUND 12000LEVELS WE CAN CONSIDER THESE RANGING LEVELS OF 11660 TO 12025 AS BOX FORMATION ON OVERALL HH'S AS PER TECHNICALS,IF BOX (RANGE)FORMATION FORMED ON HH"S MEANS IT WILL DEFINETELY BREAK DOWNWARDS IT PERFECTLY BREAKED DOWNWARDS AND MADE LL"S ON 4HR TF SO,PROBABLY THERE WILL BE A HUGE SELLOFF THIS WEEK IF NOT ENTERED BEFORE MEANS,SELL AT LH ON MONDAY ORELSE BELOW 11540 TARGET1-11270 TARGET2-11030 THANK YOU!
NSE:NIFTYShort
by GOKULAVARMA