selvamB

selvamB Updated 

The end of correction is evident by today's price action. Engulfing entire 'C' wave. Today smart money bought slowly and steadily reached above 19452 . 5 wave downward push is completed and it is visible on EOD chart. buy at 19300 pull back next week for handsome profits

selvamB Updated 

As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today since the recovery wave ABC extended nearly 76.8% of previous wave expect a soft bear market cycle for 8 months from now. trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too Do not hold your short positions for more days , as...

selvamB Updated 

Final leg of selling is pending in all world indices. NIFTY may fall free up to 18870 if it breaks 19250. lets wait and watch

selvamB

ABC ZIGZAG correction is due on this week, A=C-19690 future bullishness may be possible if this level breached by next week

selvamB

Trading is a fight between bulls and bears. In a Bull market, correction is inevitable, but it has a disciplined price limits. the above chart discuss the psychology of traders in a 5 wave price action you can apply it on any indices

selvamB

B wave is fuelled for its final upside, Novice investors missed the bus as Media's propaganda of recession, interest rate fear made them to not participate in this rally But smart traders bet on otherside as institutions piled up with huge hedge positions target of 4630 is achievable before july 17th as the current earnings may fuel further

selvamB

The under going C wave of ABC zigzag correction may push the price of GOLD to drastic down Falling crude price, rising stocks, are the main reason India is started its sowing process which is also a diminishing factor The Fibonacci targets are shown

selvamB Updated 

5th wave climax action may push the index near 18680

selvamB Updated 

profit booking in GOLD is inevitable as inflation fear eases

selvamB Updated 

After 5 wave decline in a limited downside triangle ,the trend reversed @ 3491 on 10th Oct'23 the reversal is a Zigzag 3 wave up move, where wave B is completed today after a BO rally and retest of upper trend line of Exp Triangle. its time to start next wave 'C' from today 10th march. buying is a good opportunity for a month or more having a target of...

selvamB Updated 

Gold is undergoing Elliot wave's 4 th wave consolidation This will take equal time of 13 years of Mega 3rd wave rally. GOLD may not shine during Stagflation Economy Cycle. Smart investment in gold may be after it reaches $1045 again

selvamB

Current price action definitely on bear's side, No wonder their short positions would fetch bountiful returns on this monthly expiry day The running wave , Also third leg of expanded flat may took its 62% support@16600 Hope that all odds are over by this month, and any breach below 16600 is worst for NIFTY

selvamB

NEOWAVE ANALYSIS on BTC Exp flat correction completed on Dec'22 Reaction is ABC zigzag , tgt 44000, time Jan'24 Action...... Pump

selvamB Updated 

'C' Wave started violently from 24th Jan'23 .it formed as 3 wave pattern An open statement of short position and news may panic investors to offload nifty constituents it is easy to find out targets for c3,c4,c5 and tgt time also

selvamB

No doubt, When Nations struggling with all sorts of crisis, our INDIAN-NIFTY roaring to leap. The only source of investment . Chart clearly explains that no more significant downside, as the 4th wave retraced closer to 18200. coming weeks are just to accumulate valuable stocks, Hence until Feb'23 17800 will be a good support level. the final wave of 5 has 5...

selvamB Updated 

Neo wave analysis shows me a different picture of S&P500 index movement. please refer the weekly chart of COMEX GOLD FUTURES, you can see the similar pattern Thus, limit your shorts until 3800 for 4 weeks upto 24th Feb'23 new wave will begin from 27th Feb

selvamB Updated 

The most expected C wave correction started in SPX and All world indices. As 2022 may be ended with sell off candle pattern from 4818 to 3756, New year may follow through ,continuing C wave in a classic Elliott wave pattern

selvamB

we have a bear market signal on 12th Jan23 After 5 waves we are in MEASURED MOVE recovery which will end on 19/01/23 50% is the common limit for any bear market recovery we won't see this level for an year at least long term Puts will be a good idea, when 18324 kicked down