Friday, April 20, 2018

Thursday, April 19, 2018

Dabur – How to use Time cycles for capturing a big swing?

Time cycles can be a very powerful method in identifying the major turning juncture. But it should not be applied alone. By combining it with techniques like Elliott wave you can get price projections more accurately.
Now look at the below chart of Dabur on which we have applied Hurst’s Time cycles. So what do you think should be the target?
Dabur Weekly Chart:

Wave analysis:
Dabur India Ltd is into FMCG sector with Market Capitalisation of over Rs 61,900 Crore. The major reason to pick up this stock is that it has been into a long bull trend since 2003. The overall structure of this stock is explained below.
Elliott wave perspective, Channeling technique are explained with targets in the actual research report.
??? weeks cycle: It is now time to look at the bigger cycle in order to understand the probable reversal areas from medium term perspective and we can observe that exactly at the cycle day important bottoms are formed. Following which prices have shown sharp rise and touched all-time high. As per 108 weeks cycle, stock has made a low at 316-levels which also happens to be the support level which was resistance earlier as shown in the figure. This shows that going forward, prices have high probability ………..
Channeling technique: Since 2012, prices are intact in upward moving blue channel and currently prices are taking support at the lower trendline at around ………. levels.
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Wednesday, April 18, 2018

BAJAJ Finserv: How to create wealth using technical analysis?

Bajaj Finserv is one of the outperformer within the finance sector. Many a time’s stock is fundamentally strong but has poor performance so it is important to identify outperforming stocks along with strong fundamentals for long term pick.

For understanding a particular stock performance technical analysis plays an important role, using techniques like Channels, Moving averages, Elliott wave counts etc.

Figure 1: Bajaj Finserv Ltd. weekly chart: (Anticipated on 5th June 2016)

Figure 2: Bajaj Finserv Ltd. weekly chart - Happened

Below is the research published on 5th June 2016:

Anticipated- As shown in the weekly chart, major bottom for this stock was formed in 2008 which was a black year for the Indian Equity markets. After such sharp fall this stock had the potential to fly and it rallied impulsively from there on. As per wave perspective intermediate wave [1] completed its course near the channel resistance and post that wave [2] completed its running complex correction W-X-Y near the channel support in year 2013. Post that prices bounced sharply suggesting that wave [3] is currently ongoing. The internal structure of the same suggests that recently minor wave II of the same has completed near the channel support and now minor wave III is into action. This rally should continue towards the resistance line near 5000. Now the outlook will remain positive for this stock as far as the channel support is intact and any dips towards the crucial support of 1800 - 2000 levels should be utilized as buying opportunity.

For Bajaj Finserv, in update dated 5th June 2016 we mentioned that, “cluster of evidences like Elliott wave counts, moving average, Channeling technique which is working brilliantly we can see much higher levels Bajaj Finserv. This rally should continue towards the resistance line near 5000. Now the outlook will remain positive for this stock as far as the channel support is intact and any dips towards the crucial support of 1800 - 2000 levels should be utilized as buying opportunity.”BANG ON!!

Happened: As mentioned in our previous update on this stock, prices exhibited a sharp move on upside and has moved above our previous mentioned target of 5000 levels. It is interesting to see that Bajaj Finserv has provided more than 150% return.

When we recommended this stock it was in the category of Midcap and now the stock is included in Largecap and also in Nifty 50. This only shows how one can capitalize on the stock that can become Largecap from Smallcap to Midcap.

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Tuesday, April 17, 2018

Nifty: Application of Volume at Price indicator for trade setup!

Volume at Price indicator provides very important support and resistance levels and helps in understanding the reversal areas. We applied this indicator on Nifty and it helped us to capture the recent down move. You can see the bounce back exactly from this indicator support levels.
Below is the research picked up from “The Financial Waves short term update” daily research report.
Nifty daily chart:

Following is a part of research mentioned in the daily report published on 16th April morning before markets opened:
In previous update we mentioned that “Nifty touched our next target of 10470 and it is prudent to book partial profits at current levels for longs initiated near 10250 – 10280 levels. For remaining positions one can continue to follow trailing stop method”
US attack on Syria might result into short term volatility in global markets especially commodity. It is therefore important to see how prices behave after the opening move. In addition to this Infosys results can also lead to pressure on IT stocks. However, we have observed that during such events there is handful of stocks which manages to balance out the index and the sharp decline is averted. In the past as well when IT companies corrected sharply after result announcement there were other stocks that kept index buoyant.
As shown on Nifty daily chart, prices have now touched the upper end of the Bollinger bands and formed a DOJI candle in previous trading session. There can be some consolidation in the zone of 10350 – 10550 levels.
We are also showing Volume at price indicator. This is an excellent indicator that measures how much volume has gone in that specific price range. The peak can be seen near 10300 – 10350 zone. So this level will now act as a very important support. This is also the pivot low seen during the recent up move. Any dips near to this level will result into an upward thrust. So we will stay bullish as long as the zone of 10350 – 10300 remains protected.
In short, expect range bound movement between 10400 – 10550 levels as long as 10350 remains protected on downside.
The above research clearly shows how one can use a simple indicator for deriving the important levels and trade setup can be formed around that. Based on above one can form a strategy of going long near 10400 levels with just 50 points of stop at 10350 and expecting a target near 10550.
Happened: Nifty touched the high of 10557 in today’s session itself!
Get access to “The Financial waves short term update” and see yourself power of various indicators like RSI, Volume at price, Channels, Moving averages applied along with Elliott wave counts. So what is next from here? Subscribe here

Friday, April 13, 2018

How to apply Fibonacci studies with technical indicators?

In this webinar you can see application of different technical indicators, Fibonacci retracement projections, applied on charts. Visit for detailed Elliott wave, Neo wave analysis on #stocks, #commodity, #forex markets