Wednesday, March 13, 2019

BEML: Captured 4% return in form of wave c!

We have been bullish on this stock when prices reversed post making a low near 520 levels and started making higher high higher low formation. We have been using Elliot wave theory coupled with Fibonacci extension to project where the possible high will be. This stock managed to make an intraday high near 980.65 levels.
Below is the chart showing detailed analysis published in our research report -“The Financial Waves Momentum Update.”
BEML Hourly chart:( Anticipated as on 13th March 2019)


BEML Hourly chart:( Happened as on 13th March 2019)



(Following research is taken from Momentum report published on 13th of March 2019)
Momentum stock recommendation: BEML

Buy Price – Buy above931
Time Horizon –Not Applicable
Investment – 5% of capital
Target price –………………..
Stop loss–860
Partial Profitlevels-969

*Trail stop to cost after booking partial profits to ensure capital protection*
Wave analysis:

BEML had a serious correction from 1950 to 550 levels. However, after forming an important low near 550 we are seeing a strong positive retracement and prices have managed to move back above the 23.6% of the fall. This indicates that medium term low might be in place and we can see retracement towards 38.2% level or higher.

As shown on hourly chart, the rise post completion of wave b looks to be impulsive in nature and looks to be in the form of wave c of Zig-Zag Correction pattern. Prices are expected to move towards 969 which its the partial profit level which comes near 61.8% projection of wave a followed by .. which is the target level and comes to 76.4% projection of wave.

One can keep a stop near 860 which is the low of wave (iv). Any move below this level will indicate that wave (iv) is not yet over and is still ongoing.

In a nutshell, BEML might provide good trading opportunity over short term and we can expect a move towards 969 (partial profit levels) followed by .. (target level). Use strict stop of 860 in case the broader market starts moving lower. Also it is advised to enter the stock above 931 which is the buy level above immediate resistance.

Happened :Price moved exactly as expected and showed a solid gain of 4.5% above the price of trade initiation within a day ! the stock made a high of 980.65 in the day and achieved out target of partial profit level at 969.

The above research clearly shows how one can capitalize the study of Elliott wave and ride the ongoing trend. To know more about our next pick and to ride the trend in outperforming stocks you can get access to our report named “The Financial Waves Momentum Update”- Get access now

Also learn the above techniques in my upcoming training to be conducted on 6th and 7th of April 2019 and equip yourself with the necessary tools that can give you the power of forecasting right from few minutes to long term investments. Register here

Friday, March 1, 2019

Nifty - Neowave, Get ready for BIG trend!

Nifty and Bank Nifty are again arrived near the important resistance level. How to trade from here?

You can see the detailed analysis on Nifty Neo wave pattern in this webinar – Get ready for Bigtrend!

Only 1 day to go for becoming one of the best traders – BMW (Become Market Wizard) seminar starts tomorrow in Mumbai. For more details, contact us at helpdesk@wavesstrategy.com or call us on +91 9920422202

Congratulations Himanshu Mehta for guessing Nifty close today at 10863! BANG ON! See all the guesses here in Trader’s Forum


Cheers,
Ashish Kyal, CMT
+91 9920422202

Thursday, February 28, 2019

How to trade using MACD, RSI, Candlestick and patterns?


There are classical trading methods available across technical analysis. A few widely used methods are like use of chart patterns and Candlestick methods.

Many combine indicators like RSI, MACD, ROC etc along with the patterns for confirmation. I use the following indicators but in a very different way:

  •  Bar and Candlestick methods / Patterns
  • Bollinger Bands
  • Relative Strength Index (RSI)
  • ATR (to gauge volatility)
  •  Elliott wave
For the first time I will be disclosing each of these methods in a very detailed fashion along with the exact trade setup that one has to take.

To learn more on the above methods you can Register here

It is only 10% of the traders who make money consistently in markets and so even if you are using these indicators or methods it has to be followed in a different way than how majority of them are using it.

I question each and everything and do not accept it at the face value. Any parameter decided for Moving average, RSI, ROC or anything has to be derived using simple techniques which will differentiate you from everyone else.

Trust me it is possible to make money with systematic risk in markets provided you follow the rules and required discipline.

You can now register for the Master of Technical Analysis (MOTA) module scheduled on 2nd – 3rd March and see the power of the methods yourself and you will be astonished. Register here

 


Cheers,
Ashish Kyal, CMT
+91 9920422202

Wednesday, February 27, 2019

MCX Silver: Application of Bollinger Bands(R)!

MCX Silver has been moving in overlapping fashion and has been protecting the low of 39900 on the downside moving in lackluster manner. Silver post making a high near 41100 levels witnessed a sharp selling making a low near 40000 and now prices are moving within range and are failing to show much momentum.

Below is the chart showing how to capture reversal areas using Bollinger bands along with channels and Elliott wave counts published in commodity report on 27th February 2019.

 Silver Mar 60 mins chart: 

(Following is the gist taken from research published on 27th February, 2019 in “The Commodity Waves Short Term Update”)

Wave analysis

As shown on the hourly chart, prices are moving in the form of wave x and are moving in lackluster manner breaking below the pivot low however are failing to sustain near the low. We are showing Bollinger Bands on the chart and prices have been moving precisely within the area of the band. Currently prices are near the lower area of the Band a decisive break below 39900 can take prices towards…. whereas on the upside a break above ……….

In short trend for Silver is range-bound. It is better to wait for the break of pivot levels to initiate fresh positions.

The above analysis clearly shows that just using this Bollinger bands technique coupled with channels one can guess key reversal areas along with enter and exit strategies

You can learn how to learn these techniques in depth in the upcoming training session which is to be conducted this weekend 2nd and 3rd of March, 2019. Register now for Master of Technical analysis (MOTA). Limited seats left.

Subscribe now to Intraday calls on commodity where we try to maintain more than 75% accuracy. Get access here.

Tuesday, February 26, 2019

Nifty: How to identify reversals using RSI?

Relative Strength Index (RSI) is a very important indicator which is widely followed by many traders. There are multiple ways in which this indicator can be used.
Majority simply rely on reading the usage of Indicator on Google and start applying the way it is given. However, 90% of the traders lose money and so there has to be different way in which these indicators like MACD, RSI, ROC should be used.
Look at the below chart of Nifty along with the highlighted areas on RSI.
Nifty 60 minutes chart:

Overbought and oversold zone is not based on standard values like 70 as overbought and 30 as oversold. Rather by looking at the past history we can derive the values that are overbought or oversold. In above chart we can see that 70 to 76 is the overbought zone whereas 30 – 24 is the oversold zone.
A trader should avoid creating fresh positions when RSI reading is in this zone and at the same time book partial profits on the existing positions. Even recently we can see that RSI reversed back from the 75 level and this coincided with Indian strike on Pakistan today early morning.
An expert trader is aware that such events can result into short term random movement and it is best to book out and wait for clear trend to emerge.
The above clearly shows how a simple indicator like RSI can help one understand when not to enter the fresh long positions as the reading was already in the overbought zone not based on any magical number of 70 but derived based on past history.
So, how to look at this indicator in much more depth? And how to apply ROC, MACD, ATR indicators in ways you never ever tried looking at it? How to be among the 10% of traders that make money consistently trading or investing in market?
Register for the Master of Technical analysis (MOTA) and Master of Waves (MOW) and position yourself among the 10% of the traders who follow strict rules and methods to make money in markets understanding the risk associated.  Limited seats left. Register today and avail the early bird offer. For more details visit here – Become Market Wizard (BMW)