TODAY MARKETS
MCX Gold Will Show 2000 Points Movement Soon
The 3-impulsive Wave was considered extended with 316% of the 1-Wave included numbers of gaps. A, B, C, and D is a parallel channel of the 4-wave. The price was traveled to appro. 38.2 retraced from 3-wave.
The 5-wave minor crossed of 3-wave on the account of extended move seen 3rd wave.
We then came down to the level marked wave 4, but I have put a question mark there. This is because there is a small chance that we are in the middle of a complex correction and so wave 4 might have finished at the point where I have tentatively placed the number (A) to the right. As far as the investor is concerned, he should have gotten out of this stock at the point marked wave 5 top because that was as high as one could ride his luck in an extended fifth wave. In the not too distant future, we should expect Gold to be dumped and for it to reach the low 41000 levels.
Attention: it can surge for 49000 to 50000 after a breakout of wave fifth top.
Check the previous chart (27 April 2020) to know more.
Link: MCX Gold vs. Crude oil – Tips & Update
…and also refers to the 11 May 2020 article: MCX Gold Long-Term Trend Analysis & Tips (As mentioned, the gold made the final rally and hit 48000. What else you want?)
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USDINR Offers A Great Opportunity
Paid Attention to rhythm of the wave, AUROPHARMA….!!!!
Elliott’s wave theory
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won’t expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.
MCX Gold Long-Term Trend Analysis & Tips
As per this chart, gold will start rallying soon. Final rally! Afterward, what will happen?
Check the previous chart (27 April 2020) to know more.
Link: MCX Gold vs. Crude oil – Tips & Update
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Footmark of HINDUNILVR with (Speculative, Waves, Channel etc)…
- Buying in pull-back 2001 nearby.
- Put the alert in your trade-terminal.
- Expected more than 200 points move in next.
————————WEEKLY CHART——————————–
Last week has reversal pin-bar and next week expected move 222 point
from 7-Days AT from the closing.
The price follows to lower bound & upper bound of Parallel Channel.
————————DAILY CHART——————————–
Start looking from left to right, Impulsive & Corrective Waves.
Impulse legs in 1 to 5 and Correct legs has A,B and C waves. Presently, we are going up wave.
Cotton, Coriander, & Soybean Trading Tips & Charts
Coriander Price Setting Up For A Upside Price Rotation
Soybean – Moon Rising
NCDEX Soybean futures price is moving higher. As per the current situation and fundamental view, its demand is increasing. It could jump for 4000 – 4160 levels.
Technically, 4200 is a hurdle.
Red zone: 3700 – 4200
MCX Cotton near to Resistance: the Upcoming Move
As per the following chart, the cotton price may hit 15460 – 15200 – 15000 below soon.
Don’t forget to keep your eyes on the resistance line.
To read all reports from 2009 to 2020 years
PEOPLES LIKES & COMMENTS
Mr.DevCotton has touched all targets.
- Alisha Macwan
When cotton will touch 15000?
- Ramesh Srinivasan
What about gold, silver Sir?
- Mr.Dev
Yes, 100%! Note down it's for long-term investment purposes.
- NAVEEN KUMAR
can I buy it at cmp?
- Mr.Dev
2000 to 1800.
- Shantanu Gope
what's the bottom level or strongest support as per the current move of the market?
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