Market Analysis With Megh Mody

I had made this video on 1st Feb 2020 where I had shown ending diagonal in Nifty. Last week Nifty witnessed correction which was worst in a decade. See the YouTube video on Nifty and learn Technical Analysis and/or ElliottWave NeoWave in my classroom training or webinar. Contact +919324174580

I had mentioned that DAX has a last leg up pending which can take prices in between 13800-14300 levels which was covered in my last update dated 10th January 2020. Here is the link of the update, click on it https://www.marketanalysiswithmeghmody.com/2020/01/dax-anticipated-happened-and-elliott.html DAX made a high of 13800 which was my last leg or wave five, once it was over what it has witnessed as a sharp selloff due to Corana Virus was also predicted before hand. The fall was made in a video which I want you all to see the date 31st January 2020. It is not so difficult to say that Elliott Wave has helped to to figure the crash on DAX before hand or before Corana Virus came into existence. You can learn Elliott Wave and Neo Wave with me for INR 10500/- or $155. It is a 4 day course and a classroom training if you reside in Mumbai, if in India or other country you can join in on webinar. Here is the video of the crash, do subscribe my YouTube channelfor such more intere...

DJIA video click and view

Russian Rouble daily chart anticipated on 11th Feb 2020 Russian Rouble daily chart happened on 28th Feb 2020 I had anticipated the rise for this currency pair on 11th Feb 2020 and I had also mentioned that it will rise near till 66 levels- Anticipated Happened. Click on the link to read the article on 11th Feb 2020 on Russian Rouble https://www.marketanalysiswithmeghmody.com/2020/02/russian-rouble-elliottwave-forecast.html Now it has moved above the falling channel which opens positive possibilities. So I have marked wave 1 up followed by wave 2 down and wave 3 will cross it's previous high now. Learn ElliottWave and Neo Wave with me in classroom training (Mumbai) or webinar for 4 days. The course fee will be INR 10500/- or $155. It will be 20 hours session. Learn Technical Analysis for 4 months and the fees for that will be INR 12000/- For registration call +919324174580.

Daily chart From daily chart of Fed Bank, prices are all poised to fall down from current levels, it is important that the fall will not be dynamic but more of a corrective in nature. The first fall was a corrective fall (a-b-c-x-a-b-c) which competed wave w followed by wave x which was counter wave and what we are witnessing is wave y in which wave a and wave b is over now wave c has started which can go till 67 levels.

Daily chart of EURINR Classic bearish head and shoulder pattern is seen in the above chart after giving a break in the month of March 2019, after that prices re-tested the neckline twice. Twice it failed to move above the neckline and finally shedding the gains it managed to maintain.  As per wave theory, I am putting a zigzag pattern when the head was formed. A zigzag is a three wave structure in which it has already completed wave a and wave b which means wave c is pending down. As per zigzag theory wave c can retrace 61.8%  of wave a to wave b so it can tumble till 73.1. This theory is difficult to implement on various charts but you can learn from me in my 4 day course, classroom training and webinar available. The cost for the same is RS, 10,500/- contact +919324174580

MCX Nat Gas on 3rd Jan 2020 Anticipated MCX Natural Gas on 11th Feb 2020 In my previous update on Nat Gas I had been mentioning that prices will move down till 125-120 levels when it was quoting at 153-155 levels. Check out the article in te given link below https://www.marketanalysiswithmeghmody.com/2020/01/mcx-nat-gas-symmetrical-triangle-and.html Nat Gas made a low of 125.7 on 11th Feb 2020 from 153-155 from where I had anticipated that fall by using the below given theory which is Elliott Wave. I was anticipating a symmetrical triangle pattern which in this case was perfect, since last leg which is wave e was pending I anticipated that it will tumble till 125-120 levels. I now feel that the downside is over and prices are now poised to reverse from current levels which can take back near till its previous high of 200. Learn Technical Analysis with me in my 4 month course covering all the important concepts of the market along with its practical applications....