Hello Traders, NIFTY50 is moving sideways, within a range from 17992 to 17166. The count seams to be less clear as possible. Either, we are moving within a wave b/x with waves c/y to come to the downside. Or waves c of iv was done @17166, and N50 is on the edge to new ATH`s in the coming days and weeks ahead! To play the idea of a new ATH, N50 must extend higher...
Hello Traders, BYD is on path with my forecast. The stock has declined to new lows, and this down-sequence isn't done yet! On Friday, wave ((3)) has finished @ HK$ 224.60, and wave ((4)) should start. A target area for this scenario is at or around the HK$ 250 levels. If Friday's low was not the end of waves((3)), (may a wave 3 of one lower degree has ended),...
Hello Traders, NIFTY50 is on a wild ride! Traders (Futures and Options) are pushing the index to both sides; up and down. Fired by a flash of all kinds of news. But what is to expect for N50 at the coming week? Let me try to evaluate! The high @17995 was as per my bullish count a wave (iii). The correction, since underway, is part of an (A)-(B)-(C) or it should...
Hello Traders, caused by today’s holiday, the Future is again at focus! Yesterday, I wrote markets have risen too far, too fast! Today, the consequence was visible. Market declined sharply, as I wrote before. The decline just stopped exactly at the 0.618 Retracement and bounced to the upside. A perfect long setup? To become waves c=a price need to correct down...
Hello Traders, as per my latter analysis, NIFTY50 gaped down on Monday's opening. A huge gap did occurs @17204, day's low @ 17166! As per my idea, it should be wave 3 of ((c)) of (iv)! But traders action after the opening and day's low tell another story. It is possible, that the low was all of waves ((c)) of (iv) and the advance after is a new impulse to new...
Hello Traders, NIFTY50 tumbled down after hours, caused by the speech of Jerome Powell, the FED chairman. His words have shown dramatic impacts to markets all over the globe. In consequence, N50, DOW, NDX; FDAX and others extend their declines, You, as my valued subscibers, have been prepared for this phase of the market! The Future tumbled down to 17444 on a...
Hello Traders, NIFTY50 formed a top @17992 on August 22, and start a correction after. The drop to 17345 was a wave (A), the move up completes a waves (B) @17726 yesterday. Today, waves i of (C) has start down! My price target for this scenario ranges from 17089-16946-16671, depending on if and how strong waves (C) will extend! Following the bullish count (shown...
Hello Traders, since my latter analysis, BYD has made no progress. Instead, it was declining to 260 area, where the bullish count would be negated for the moment. I have revised the count. As a result, I count BYD correcting within a waves c of (y) of ((ii))! Today, waves (3) (Micro degree) could have end!? If so, the next move will be to the upside, developing...
Hello Traders, after days of warning that the trend is showing exhausting tendencies, the correction has started! You have been prepared for that scenario. On the rally, that started on June 17 @ 15183 NIFTY50 has risen to17992. This is within my extended price target range (17786-18114-18350), and N50 has touched the down slopping trend line (black) connecting...
Hello Traders, NIFTY50 has risen nearly 2500 points without any larger correction since the low @ 15183 points! My alternate price target has been achieved, and there is left one more target area, ranging from 17786-18114-18350! Since my possible wave iii high (@16752, purple arrow) volume is cooling down and trend could be exhausted short term. The bulls have...
Hello Traders, NIFTY50 set today's high @ 1790.40! This could be a waves v of (iii). In this case, the next move is to the downside to at minimum 17038 area; with today's low at 17161.25 as wave's a of (iv)! More bearish potential exist! If N50 is extending his gains and the waves are extending too, the next price area to touch will be at or around 17590-17788...
Hello Traders, NIFTY50 extend my alternate price target to 17407.50 today. This is shy above the lower range, which I have determined at my later analysis! So, one open target has been left; 17500 area. Today, I show you the bullish count. I am not sure right now, the way I count waves ((w))-((x))-((y)) of ii, because it lacks „the right look“!? Anyway! If...
Hello Traders, NIFTY50 extend his gains to 17157 today, extend my alternate price target well! Following my count, this high could be a waves ((5)) of c of y! So, in this case, the next move is a massive decline to at minimum, 16400 area! Why this level? Waves, following the Elliott waves theories, always „come“ back to the wave „iv“ level of one lower degree....
Hello Traders, NIFTY50 gaped to the downside and set a low @ 16564.25. After, the index reverse to the upside, retracing to the 0.618 Fibo of the decline. The following scenarios are thinkable. 1. Today's low was a wave (A) of a ZigZag-pattern, and the pullback finished waves (B) @ 16684. The next move should be to the downside to complete the ZigZag-pattern @ or...
Hello Traders, BYD bounced off the level @ 261 HK$, as I mentioned per my later analysis! In consequence, it ran to 302.-! This could be waves (i) or a wave a of (b) of ((ii))! In the corrective case, at 325.80, waves c=a of (b), and the next move should be down to 245.80 HK$! This would complete waves (c) of ((ii))! If the weakness to 261 HKD was all of the...
Hello Traders, NIFTY50 has achieved my target range @ 16752.25 (peak)! This level could be waves ((3)). If so, the next moves will have a „corrective“ character and should retrace close to a 0.382 Fibo of waves ((3))! An appropriate target area is at or around 16404.90-16383.55! From these levels, a wave ((v)) should start, that develop into waves ...
Hello Traders, NIFTY59 extend my target range from 16218-16248! It runs to 16588 (intraday peak), and closed @ 16495! This wave could be a waves iii of (iii)! In this case, the target zone for the final waves v of (iii) is from 16662-16759, More bullish potential exist! On the other hand! If today's high was a wave's c, the door is open to close the gap, left by...
Hello Traders, yesterday, BYD dropped nearly 10 % at Exchange in Hong Kong. It was a bit misty what was the cause. So, 225 Million stocks of BYD were listed at the clearing book in Hong Kong. This number is exactly the size, of which Buffet bought in 2008! So, the rumors ran around, that he is likely to sell BYD stocks! But, what reason Buffet should have to sell...