Hello Traders, during yesterday's session, PayPal has confirmed the buy-signal, latter week ago. It runs above the 120.- resistance and close at 121.18 (@Tradingview)! From trader's view, we face following opportunities. The high was a wave 1 of a new impulse or it. In this case, a corrective setback is in the cards for the next days, or it will run through new...
Hello Traders, NIFTY50 was moving in "sideways-range" the latter week. The prevailing volume was from 17329 to 17117, spikes remain unnoticed. Sideways moves are often resolved to the trend dominant side, so this in our view to the upside. A break of the 17340 range on a daily close basis opens the door to 17400 and above to 17520 range. A target "at the...
Hello Traders, today, I`d like to show you, an opportunity to trade a stock just with the tools of classical chart analysis. No Elliott waves, no Ichimokou, no nothing. Who didn't know PayPal, the company which processes payments via the Internet; founded by Elon Musk, among others!? The stock has fallen down to $92.25 within a „peak“, but closed above the...
Hello Traders, NIO, the Chinese E-car maker, has understood! The stock changed the route with a remarkable candle-stick pattern. At the 2-days chart, you will notice the „Island-reversal-pattern“; price have break to the downside with the „gap-down“ and reversed! This time to the upside. In sum, this pattern marks a „morning-star“! This new low wasn't sold again,...
Hello Traders, NIFTY50 is back! The low @ 15671 on March 08 was the start of a „V-reversal“, what is a rarely seen change of trend. Since that low, market has moved up to ~1200 points, without any corrective setbacks. Market seams a bit „overheated“! Notice the latter gap, left by trading on March 16-17. If this gap should be closed, a short-term pause of the...
Hello Traders, XIAOMI, the Chinese smartphone maker, is showing weakness since weeks. The stock has fallen down to 12,74 HK$, and it seems there is no „tomorrow“ for XIAOMI! But, is this the truth? Let's check the stock. Arguing that the rise from 8,28 to 35,90 HK$ was a complete impulsive move, the correction is a wave 2 of „intermediate degree“! That means, most...
Hello Traders, on August 29, 2021, I wrote my latter analysis for NIO! Update: NIO has lost most of it's gains since the huge start of the rallies! The stock is now at an important and interesting level. Here, the course will be set for the future! If the stock is strong enough to switch the route to the upside, it needs to be done within the next 1-2 weeks. A...
Hello Traders, NIFTY50 has bounced into my cited target-area, I called at my latter analysis. The reaction after showed, that buyers went back tot h floor and bought stocks. But was this low all oft he „crash“? From a „classic chart analysis“ wee can see a „bullish Engulfing“ the day after the low; this is a typicall rebound/reverse candle. The following two days...
Hello Traders, NIFTY50 closed the week @ 16245! Monday`s open start with as gap-down and bears toke control. What`s next for India stock market? The decline from 18604 stopped at 16410, a wave 2 low of lesser degree. The following rebound to 18350.95 was a wave (x) and the running decline i spart of wave c of (y)? For now, the lenght of waves c=a! But at 15852 the...
Hello Traders, NIFTY50 set a low on February 24 @ 16203; 25 points above my target-range and reversed sharply, by bulls who entered the stage! It gaped-up to 16525, which was the „major-move“ in terms of points for this day, Feb. 25! At 10:45 (Kolkata-time) it moved to 16748 and moved slightly lower, but sideways to 16658 closing price. Two options are valid for...
Hello Traders, the impact on finance markets of the Ukraine-Invasion“ was to expect! The slope of he decline may surprise one, but this is the consequence of a market, that is „over-valued“ since many weeks! We have tried to look for a bottom for India Stocks, and today's decline brought not more clearness to one or the other side. Someone might think, the...
Hello Traders, NIFTY50 is showing weakness and is in a corrective mode! The series of lower high's and lower low's are still intact. If the daily count works out, N50 is tumbling lower within a wave 3 of 3 (y) with targets at 16178 area the next days. This move, if so to come, will complete the strongest impulsive wave down. To finally accomplish this leg,...
Hello Traders, the various options I described in my latter analysis are still valid! If N50 is on track within a „triangle“, (what is in sum a „sideways-move), the next move will finish waves c of ((iv))! If N50 has done a wave (y) orange, at the weekly time frame, the next move should occur to the upside into 18300 levels! At the hourly chart we will notice the...
Hello Traders, NIFTY50 extended his countertrend move to 17794.60! Here it reversed and may finish a wave (b)! While more opportunities exist, I will show them in detail! First. It is possible that the correction is done, and has developed as a w-x-y! In this case, 16638 was wave „y“ and the move since is part of wave 1! So, the coming days will bring more gains...
Hello Traders, NIFTY50 touched the 16836 level and bounced to the upside! The move since is, to my view, a wave's a-b-c-flat! Recall; flat is a „catch-all-name. So, don't be surprised if new lows occur on Monday/Tuesday. The forecast per my outlook on January 24 is still valid! I copied it below: If the high at 18350 was a wave ((B)), the door is open to 16410 and...
Hello Traders, NIFTY50 has broke to the downside this morning; has cracked the support line (black) @17485 zone and was in a „free-fall“ since! So, what are the next areas to watch? Basically, I have recommended the sideline yesterday. This advice was true! And this is, what I recommend for the next days. Let the market „balance“/equalize at the next days. A...
Hello Traders, on January 17 NIFTY50 extend slightly higher to 18321 and let market participants know, „well new wave of „glory“ is underway! Instead, on January 18 it made it's high at 18350 and reversed sharply to the downside, as I mentioned in my latter analysis on January 16! Since that day, N50 has lost 865 points in just four trading days! That is a...
Hello Traders, NIFT50 has risen into my bullish price territory; it closed @ 18255.75 on Friday. So, it could be that the wave v (gray) of iii (green) was done, and a short setback is next. Short term, it is important to stay above the latter possible wave iv range from 177987-17655. Corrections often pull back into the range of a wave iv of one lesser degree! A...