Hello Traders, NIFTY50 is moving higher, making a new ATH @11620.70 and creating the first part of a possible „Shooting Star“ at the Top on Weekly basis! At lower timeframes the move-up does not look done, even more as a wave 3 of 5 of 5 of lesser degree, which need some more down-up sequences to complete. At August 13, N50 made a low at 11340.30 and at 11355.75...
Hello Traders, personal note: I hope and pray for the people of the Kerala region who suffer the consequences of the heavy monsoon and wish them all health, a good recovery and a return to their daily lives! NIFTY50 is running it`s way and making a new Intradayhigh @ 11565.30, on a closing basis is at 11551.75! The a/d-Ratio is at 1.7, which is bullish and got...
Hello Traders, a quick look to the SPX. Something interesting occured at the Oepningbell at August 07! A Gap up to 2855.92 was created by traders behavior and a topp was set @ 2863.43 that day. Even a Gap down is to observe on August 10 to 2839.64 and this one remains open so far. This can be set as a „Island-Reversal-pattern“ and may is the Entrence for a fresh...
Hello Traders, back from a one week holiyday, lets check the NIFTY50! Some interesting Fibo-Ratio have occured and technical conditions as well. The new ATH on Aug 09 @ 11495.20 was accompied by a neutral a/d-Ratio shy above 1, meaning every new high was accompied by a weaker Ratio (internal structure of wave i-v )! This behavior indicate decreasing momentum as...
Hello Traders, N50 is still advancing higher, possibly at forefront to a new high again! At 11392.15 wave (iii) exceed the 1.764 RT of wave (i). The pulback from that level to 1111234.95 was shy above the 0.382 RT @ 11212.27! An acceptable retracement, but still not for sure that the correction is done in a wave (iv)! Any advance above the high at 11390.55 opens...
Hello Traders, N50 stretched it`s advance this week to a new high, today at 11390.55 on a intraday basis, on a closing basis it was @ 11356.50 yesterday. Todays a/d-Ratio was @1.08, while it was at 2.55 at the high of July 27. This suggest a higher confidance of traders into rising prices at a lower high. Overwhelming optimism is often an indicator for the end of...
Hello Traders, one headline was to tead this week at CNBC.com: www.cnbc.com This headline was attended by obviously high inflow of cash into the „ISHARES S&P INDIA NIFTY50 INDEX FUND“! This Fund shows now a clear 5-move pattern, which suggest that a first advance is at or close to end within the coming days and a correction on lower degree is next to look...
Hello Traders, NIFTY50 did it! A new ATH on a closing basis occured on Monday 24 at 11134.30 and today a new ATH on a Intraday basis followed at 11185.85 and on closing baisis at 11167.30 too! Note that the a/d-Ratio at the new ATH was weaker (@ 1.08) as ist was on January 29 (@ 1.29). It was also weaker as of July 12 (at 1.27)! This means traders have been even...
Hello Traders, last week market action was really unspectecular. By closing the week there was a net loss of 8.75 points, creating a „Doji-candle“ for N50! From the high at 11171.55 to the corrective low @9951.90 there is a much more than 0.88 FibRT to measure, which is the minimum expectation for a flat-correction. As long as N50 is trading below it`s ATH...
Hello Traders, today I like to explain my view to the Advanced/Decline Ratio! How to calculate the Ratio--> --> No of advancing Stocks/No of declining Stocks divided No of adv Volume/No of decl. Volume =TRIN --> No of advancing Stocks divided No of declining Stocks= a/d-Ratio Normally you expect a rising No of Stocks anticipating a...
Hello Traders, N50 broke out above the 10929.20 from May 15 with a solid volume and traded by closing week @ 11018.90, the highest close since Feb.01! While the move is not clear a „five-up“ we have to analyse it on lower timeframes. Here is what the 2 hour Chart: Observing the move from 10557.70 on June 28 the pattern looks impulsive and it is able to draw two...
Hello Traders, since N50 topped on Jan,25 11171.55 and declined to a .382 RT of the advance (7893.80-11171.55) the Index is trading in a sideways range and it isn`t done at all. Looking for the alternation Rule at EW-Guideline, the decline in the wave ((ii)) was just at the 0.5 RT of the advance of wave ((i))! The running correction in a possible wave ((iv))...
Hello Traders, N50 bottemed at 10557.70 on June 28! The advance that started at this point seems to be impulsiv, at least accompied by an a/d-Ratio of 4 last Friday (EoD)! The slope of this look even impulsiv too and @10732.55 we see more evidence that the correction is done. If this is the case N50 is able to rally to new highs within the coming Weeks! By...
Hello Traders, lets look to N50 and his behavior since the Marked topped @ 11171.55 on Jan 29th! For this analyse it is not important to check the wave labels, it is more important to check the Marked Breadth and Volume of the Index. At Jan 29 N50 topped with a A/D-Ratio of 1.27, which is solid. The following Days and Weeks the Index declined to at least 9951.90...
Hello Traders, not really much new to add! N50 is trading in a close sideways range, between 10892.85 and 10701.20. The first down leg was clear a „three“ which make it corrective, the countertrend also and make it possible to labbel it as a not complete pattern, maybe an a-b-c (to follow) or an w-x-y in progress. A/D-ratio was solid @ 1.17 and TRIN (10-day SMA)...
Hello Traders, I have align my Wave count and put the alternate look with an a-b-c Flat correction as a probability with a high degree of objective at chart. At 10893.25 N50 is showing weakness at the 2 hourly Chart, showing choppy, overlapping waves. While a/d-Ratio is also weak as of the last Days the direction of the move is not as clear as it look like, but...
Hello Traders, N50 is in critical territory! The chart remains open to different interpretations. The important levels are @10929.20 (May 15 high), and 10417.80, the May 23 low! Other Major Indices at NIFTY Exchanges are also in corrective pattern, only NIFTY IT is working it`s way to the upside and lead a eventually breakout to India stocks and Indexes. As you...
Hello Traders, N50 has decided to follow the bullish version as of my last analyse! Today @10856.55 (.11 pips) above my targetarea the high was set. He also exceed to the upper KC-Line, which is strong rising and A/D-Ratio is really strong as of the last sessions, indicating a wave 3 has started! Bullish outlook: A possible shortterm correction is every time what...