SunnyPawar

SunnyPawar

usdinr uptrend is really a correction on weekly timeframe.

SunnyPawar

usdinr is in long term downtrend but will have short term pull back in downtrend

SunnyPawar

Value of US dollar to rise...it could be corrective a-b-c or impulse wave 5 on downside, but in both the cases, bias would be up.

SunnyPawar

USOIL coming closer to resistance

SunnyPawar Updated 

Bullish engulfing formed on 2 hr time frame and possibly 3rd wave ended, might form double bottom @5th wave on hourly chart if 5th wave is not very strong and demand continues to come in...

SunnyPawar Updated 

Don't get to biased. Trade what you SEE not what you THINK. As John Maynard Keynes said, “The market can stay irrational longer than you can stay solvent.”

SunnyPawar

The previous high nifty made was @ 10137 on 2nd August 2017. Now it is about to test the same high again. There will be strong resistance between 10137 to 10150 (being round number). If it closes above 10137 - 10150 on daily chart it should be a buy with stop-loss at 10128 (...giving cushion to avoid whipsaws). If it tests 10137 it may retrace to support @...

SunnyPawar

Nifty intraday Long

SunnyPawar

Crude oil

SunnyPawar Updated 

USDJPY: updating previous idea

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Nifty Harmonic Pattern Analysis

SunnyPawar Updated 

Go long at the break of upper trend line for 200 pips after it takes close to 1.16244 and upper trend line break.

SunnyPawar Updated 

Seems like A-B-C correction is still not over. Day traders can still bet on the upside.

SunnyPawar Updated 

EURUSD has been in a downtrend / correction from year 2008 and has fallen about -35.02% since then. I believe EURUSD is in a short covering mode and will resume it's downtrend after it meets the key supply zone at 1.23040 to 1.20422 which is the trend line on the upside as well as the horizontal resistance line or both (confluence). The RSI easily confirms the...

SunnyPawar Updated 

According to my Elliott Wave count of USDINR, if I am correct ( being skeptical as EW count can be subjective, although all rules have been followed ) we are in minor wave A - of the Intermediate wave (3) - of the Primary wave 3 - of the Cycle wave V. A Bulling engulfing formed on a Weekly chart suggests we have completed minor wave A , which is also a Fibonacci...

SunnyPawar Updated 

Wave Count From beginning till Now

SunnyPawar

Technically, Nifty is expected to bounce from support of 9685; and if it successfully does so then the next target would be 10128 for the 5th subwave of the 3rd. My only concern is the bearish global market sentiment due to geopolitical tensions between US - N.Korea and India-China Doklam standoff heating up. If the Nifty trades below 9685, I would consider it...

SunnyPawar

Amidst geopolitical tensions Nifty 50 ended with a doji indicating supply was drying up. And Nifty landed on a support amidst heavy selloff due to geopolitical tensions like N korea -U.S, India-China border standoff and also 11 Aug 2017 Friday, being the last day of the week. Technically, Nifty ended with a 4th wave on a support and might resume on upside after...