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Elliott Wave Vision on MCX Silver

Posted: 10 Nov 2020 06:42 AM PST

Silver made a bullish Elliott wave . The fifth wave is including a diagonal. After the fifth wave, there is an ABC correction. Silver can move upside to 62840 – 63560 levels.

Expected C range: 60565 – 59200 – 57045

The correction will over at 63560 to change the current trend. And upside rally will resume for the levels of 65000 – 66000 – 68000+.

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AB=CD at 12798 for NIFTY.

Posted: 10 Nov 2020 01:18 AM PST

This call was given to our subscribers

BUY NIFTYNOVFUT 12050

Stop-loss 12014, ONLY 36 point stop-loss

BOOKED PROFIT at 12550

500 POINTS PROFIT TAKEN, 500*75= 37,500 PROFIT

This defined the 12798 area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test. Although the BC projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure was the defining limit. The chart of the price action in the PRZ shows the near-perfect reversal just the PRZ at 12798 nearby expecting…

I outlined that important level is at 12798 and Terminal Bar will decide for reversal confirmation.

I have mixed use Breakdown + Elliott Modied Basic Rules…

The post AB=CD at 12798 for NIFTY. appeared first on Moneymunch.

Will MCX Crude Palm Oil touch the 900?

Posted: 09 Nov 2020 04:37 AM PST

Currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX , we can say that the trend will rise because ADX is greater than 25 (ADX>25), and +DI is above the -DI.
Let’s have a look at the volume . Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 – 920 – 960+.

Right now, the trend is crossing the parallel channel.
If it is excess, then Crude Palm Oil will start to fall to the following targets 836 – 810. It can be said by following the parallel channel.

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The post Will MCX Crude Palm Oil touch the 900? appeared first on Moneymunch.