New traders and investors will be butchered. Watch out!
Anant Acharya describes himself as a ‘Gann Master’, ‘Time Factor trading coach’ & an ‘Elliott Wave stocks trader’.
He conducts workshops on “timing financial markets”.
In February 2019, when the Bull markets were in strong flow, he had predicted that a “major change on a large cycle” was happening and that a “devastating sell-off” was oncoming.
“History says such action has always been disastrous!,” he added.
He also warned that new traders and investors would get “butchered”.
He predicted that by April 2019, the Nifty would see a level of 9200.
The prediction was late by a few months.
But it did indeed happen.
Investors and traders have indeed got butchered.
Dow and Nifty cycles synchronize once again tomorrow after Jan 26 2018. Watch out! We are likely to see devastating sell off from tomorrow afternoon. Repeat of Jan 2018 and September 2018, and only more pronounced will be seen. Nifty target for April 5 2019 is 9200
— Anant Acharya (@TheAnantAcharya) February 21, 2019
When was the last time Nifty oscillated 14 times around the 200 DEMA in 4 months? Never! Not since 1996. What does it mean? A major change on a Large cycle. Beware! History says such action has always been disastrous!
— Anant Acharya (@TheAnantAcharya) March 6, 2019
Whatever the larger public view, there is a major action coming! Expect a large roller coaster ride before April 5, 2019. New traders and investors of last 5 to 8 years with little experience will be butchered. Watch out!
— Anant Acharya (@TheAnantAcharya) March 8, 2019
Market posts the biggest one-day fall in absolute terms. Nifty ends at 32-month low, slides 868 points to 9,590 & Sensex plummets to 2-year low, down 2,919 points at 32,778. @latha_venkatesh & @blitzkreigm with an update https://t.co/YAwmJatNSy
— CNBC-TV18 News (@CNBCTV18News) March 12, 2020
Maruti at 3400, Titan at 770, HDFC Bank at …..
Anant Acharya has made several other grim predictions, some of which have thankfully not come true yet.
He has predicted that it is “Game Over” for several large-cap blue-chip stocks like Maruti, Titan, HDFC Bank, ITC etc and they are headed for levels that are beyond contemplation and that investors will be “slaughtered mercilessly“.
— Anant Acharya (@TheAnantAcharya) March 9, 2020
— Anant Acharya (@TheAnantAcharya) February 19, 2020
As of Today, I am calling a Top on Titan, It has topped out and now the target is 770 ? https://t.co/AbTNtHIKRw
— Anant Acharya (@TheAnantAcharya) June 17, 2019
HDFC Bank Game Over! Watch out. These will be slaughtered mercilessly. They are the biggest holdings ??? among FII and large institutions. https://t.co/K48zA5Ip03
— Anant Acharya (@TheAnantAcharya) July 22, 2019
(1/2) Stocks that are yet to give up gains!! Asianpaint, axisbank bajajfinserv, bajfinance hcltech, hdfc hdfcbank hindunilvr, icicibank IndusInd infy itc kotakbank LT reliance sbin tcs titan ultratech upl wipro… all major frontline index scripts…. contd,,,
— Anant Acharya (@TheAnantAcharya) July 24, 2019
below 7160 1st tgt 6800 n then 6500 pic.twitter.com/M0HXVAkr49
— KAUNfused CRAFTSman (@Amit_Gulecha) January 21, 2019
Markets are still NOT oversold. Next Nifty target is 8780
Obviously, at this stage, we have no option but to obediently listen to Anant Acharya’s predictions.
According to him, despite the carnage, the markets cannot be described as being “deeply oversold”.
We should not look at the daily or weekly charts for guidance. Instead, we have to look at monthly charts to determine whether the markets have really bottomed out.
He has also predicted that the Nifty is headed to an all-time low of 8780.
Many claiming now markets are deeply oversold. ?♂️ This is not time to look at daily and weekly charts. The cycle is much bigger & time to look at monthly charts for true direction. This is far more serious. I have been screaming for a year! But alas! The bulls were deaf!
— Anant Acharya (@TheAnantAcharya) March 11, 2020
With 9900 gone.. the next true target for Nifty is at 8780. ?
— Anant Acharya (@TheAnantAcharya) March 12, 2020
Nifty has violated a parabolic advance and may plunge to 6,000 or even lower
Peter Brandt, a veteran trader, is regarded as an authority on technical analysis.
His reading is that the Nifty has breached a major congestion zone and has violated a parabolic advance.
If this congestion zone proves to be a top, the Nifty could effortlessly plunge to 9,000, then 6,000 and then even lower.
As part of a major congestion zone, the Nifty $Nifty #Nifty50 has violated a parabolic advance. If this congestion zone proves to be a top, the targets become 9,000, then 6,000, then lower. pic.twitter.com/H3iVZmumEn
— Peter Brandt (@PeterLBrandt) March 9, 2020
Only the paranoid survive
According to Nassim Taleb, the author of a best seller book titled “The Black Swan: The Impact of the Highly Improbable“, it is better to be paranoid and wrong than to be non-paranoid and right.
In the former case, we survive even if wrong, while in the latter, we get crushed if we are wrong.
When paranoid, you can be wrong 1000 times & you will survive.
If non-paranoid; wrong once, and you, your genes, & the rest of your group are done.
It's a yuuuge mystery that academics who deal w/risk, "rationality", subforecasting & superforecasting fail to get it.
— Nassim Nicholas Taleb (@nntaleb) February 24, 2020
Some investors sensibly took his advice and dumped their stocks as soon as the news of the CoronaVirus epidemic began making its rounds.
They have been spared from the carnage.
Was extremely stressed and sold all my stocks 6 weeks ago, my friends thought i was strange for sending them alarmist messages.
Now i'm prepped and relatively relaxed.
— αlpha-Minus (@AlphaMinus2) March 9, 2020
Retail should not be a hero to go bottom fishing….these are testing times….globally countries are under lockdown….travel banned…..commerce down to nothing….no mass meetings….no one knows the outcome or how long it will last
— Darshan Mehta (@darshanvmehta1) March 12, 2020
Obviously, in the light of the opinion of experts with regard to the frightening levels of the Nifty, it is better if we also lie low at the moment and not be daredevils. We can evaluate our options after the storm has blown and calm has returned to the stock markets!