To understand our indian market ,First thing we must understand what the great S&P 500 is doing, to my knowledge it is BOW or a SPRING loaded 4 times(c1,c2,c3,c4). The 5 th chance is to KILL the BULLS. at last BEARS will win once in 5 times , lets check selvam b strategiest
ALTERNATIVE to my yesterday's post, after noting FII data in NSE
NIFTY completed its correction after 5 th wave(5/1 and 5/2). Now its time for bulls to fuel the index rocket to reach its target of 16895 . the current wave is 5/3 with lots of shorts as fuel enough to keep NIFTY on track. buy buy bye b.selvam option buyer
NIFTY came down as predicted last week, tomorrow(23/2/21) it will testify its worthyness for further bullishness. A very very simple ABC pattern of recovery wave labelling is marked in this chart. C wave divided into c1,c2.c3,c4,andc5 all are completed. and WAVE 'C'is more than WAVE'A'. Hence the C wave may extend. Now we want to see whether the on going...
After completing 'ABC' Recovery ,gold has started its downward journey to test its support at 1690 level on weekly clossing basis.last week it brokes the minor support line at1788, added more weakness next week too. Untill march 22nd the bearishness will continue in gold. Hence it is better buy gold after march end will be a good idea?
Nifty completed its ''B'' wave up in 3 wave ABC as a reaction to the corona fall(wave''A''of 4 th wave). In ABC, C wave extended more than A , hence chances of extending up to 1.618 times of A. Mean while a correction is required for NIFTY to test its capacity (profit booking). A WEEKLY engulfing pattern shows that a follow through correction is...
Continuation of 4th wave decline in NIFTY as per my previous post on 20th JAN. Price action reversal formation ongoing in NIFTY after tremendous recovery rally. Major SR line broken @ 13777.50 on friday indicates more pain is ahead. Retest of The same level is pending till 3.15pm on monday(1/2/21). short if NIFTY after confirming that and keeping strict...
This is in continuation with my prior post published on 1stJAN21, NIFTY is in 5th wave extention. wave 3 of 5 is going to complete @14770 on 22nd JAN .(b wave of 4 th wave correction). Since wave 2of 5 was FLAT...
Whatever you think, major correction, corona second wave ,will it go? NOTHING will happen.... Elliott wave theory will tell you the secret of FUTURE move in NIFTY . All stocks in the world will fire up this year too,. This is because we are in simply 5 th wave. It is easy to predict wave 5 after waves 1,2,3 and 4. Since wave 3 is not extended more than...
I already mentioned the WAVE count in SGX NIFTY is very easy to predict, since it respects all rules of ELLIOT wave principle. wave A and B completed in equal time ,now its time for WAVE''C''. You can use the levels for indian NIFTY too(approx),and trending directionfor appropriate PUT OPTIONS
I am posting this chart with labeling ABCDE which constitutes 5 abc corrective up move pattern.This is a DIAGONAL which always have 3-3-3-3-3. and with shallow corrections (less in time ). YES as for as RECOVERY WAVE for our MARCH CORRECTION(3 WAVES)I is now completed. The next wave is WAVE ''C'' Which could correct DOWN WARDS in 5 wave forms....
The irregular correction of GOLD futures in MCX will continue till this month end .wait for buying oppertunity,near 45443..
It is interesting to think opposite side (against the HERD),While making good trading strategies.Such a contrarian approach with more than 3 confirmative evidence will add support to our decisions. SGX nifty Futures are traded by the world's quality , knowledgeable and deciplined traders who will make money always before public. let us learn something from...
WAVE c5 of ''C'' is forming an expanding triangle pattern in BANK NIFTY. Before Supreme court verdict, all bank stocks are moving north BUT the fadded momentum,Divergent MACD warns something is wrong in BANK NIFTY. May be by tommorrow, with a gap up opening all bulls will be trapped . 30870 (C=1.618*A) should be breached for further upside, BUT the other...
MACD and RSI Divergence seen in NIFTY index , Today the price action seems to be higher and breaking of overhead trendline May become a 'BULL TRAP'. WATCH tomorrow's price action , breach of 13557 is not applicable as per ELLIOT WAVE extention rule(5=2.618*1), since wave 3 already extended(2.618*1=3). I strongly believe with more than 3 evidences ,our indices...
The final push of indices(wave'c' of Z) May be completed this month(17thDEC).and with this WXYXZ Correction completed in NIFTY. hence keep your long positions for a fortnight
The current WAVE 'C' Forming an expanding triangle (ABCDE OR 12345) pattern.Projecting for the final wave up will be 4044 within a fortnight. taking this as clue for our NIFTY ...... GO LONG ....GO LONG..Till 21st dec2020