Friday, November 9, 2018

2 Diwali picks up 5% already, act now before its late!


I published a special research report of 4 stocks that has potential to provide nearly 40% to 50% of upside. These stocks are selected exhibiting strong fundamental, good MF holdings and showing a strong technical pattern.
These stocks are in primary degree wave 3 and so they can hold wonders even when broader markets are in doldrums. It is best to buy it when the opportunity is ripe.
Two stocks are up by more than 5% already in just 3 hours of trading session.
There is still time as the targets are very big. So do not delay buying stocks in 3rd wave as they can be sharp and fast.
If you have existing access to our Multibagger research then get this research at 50% less value.
Get access now to the special 4 stocks research. Simply fill the form here
Did you register for the offer @50% which ends today for Intraday / Positional calls, Multibagger research report, Nifty / Bank Nifty calls? – Last day today if you still thinking – See here
Cheers,
Ashish Kyal, CMT
+91 9920422202

Tuesday, November 6, 2018

Which 4 stocks to pick up this Diwali that can give 40% returns?

Nifty had been all over the places over past few months but if you look at the closing on the previous Diwali period it was near 10146 and still prices are trading near 10500 levels. So over the entire year there had been a huge up move towards 11760 levels and low below 10000. In this volatile movement there have been only a few handful of stocks that managed to outperform.

Many ask me to give just one stock that will double in just over 2 to 3 months. I think it is more of gambling when you invest to double it that too on just 1 single stock that too over in 2 to 3 months. If you have a basket of 10 to 15 stocks systematically selected for the 3rd wave impulse rise I am not ruling out the possibility of a few turning out to be leading the race but expecting that in just a few months is too much to demand and in current market scenario the theme is going to be revolving around protecting the captital. But if you can identify the ones that can still give around 40% to 50% returns in over one to two years it will still be outperforming all the asset classes.

Let me run you through a few of the stocks that we have been bullish on. Not every stock worked out the way but only a few will be responsible to drive your portfolio higher. The others might give minor profits or some losses. But the big runners will payoff for the entire struggle. It is therefore very important to create a portfolio of stocks that consists of atleast a few stocks so that even if 50% of them becomes a multibagger it will payoff for all the hard work.
Now let us look at a few stocks that we recommended.

Reliance Multibagger stock with 77% returns in just over a year!
See yourself the chart of Reliance Industries which rose from the level of 700 to 1236
Reliance Industries Weekly chart: adjusted for split (anticipated in April, 2017)

Reliance Multibagger stock with 77% returns in just over a year!
Reliance Industries Weekly chart: Happened

L&T Infotech
See yourself below chart of L&T Infotech which helped us to be bullish at 1390 levels and the stock touched intraday high of nearly 1917 in today’s session. That is a whopping 38% return in just over 6 months
L&T Infotech daily chart: Anticipated on 8th March 2018

L&T Infotech daily chart: Happened as on 4th September 2018

To name a few other stocks that gave returns of nearly 70% to above 200% have been Sundaram Clayton, Bajaj Finserv, Pidilite.

However these stocks managed to give exorbitant returns as the overall market direction also supported the strong rise. However, I am going to tone down a bit given that the markets are going to be in roller coaster ride over next 1 year or so. During this period which stocks you can pick up that has potential to give returns of around 40% to 50%?

We are publishing a special report this Diwali which will provide 4 stocks that has potential to outperform the market. The targets are conservative given that the main index can be in doldrums but these stocks has the probability to outperform. Always remember there will be risks involved and so one should use strict risk management strategy before entering.

So which are these stocks that are probably exhibiting strong Elliott wave pattern and has potential to stand the test of time when the markets will come down. You can know more about the Diwali special research report here
For more details on this research report you can also call us / whats app on +91 9920422202 or write to us at helpdesk@wavesstrategy.com

Thursday, November 1, 2018

LT: Up move of 10% in just 3 days! What is next?

LT is moving up from past 3 sessions managing to close above previous day’s high. In today’s session this stock is up by 4%. Terminal pattern is formed in the last wave of correction pattern i.e in form of wave c. It indicates completion of previous trend.

Was it possible to capture this rise of 10% in just 3 days? Below is the chart showing detail analysis using Elliot wave technique, Channeling and Moving Averages.           

L&T 60 mins chart:( Anticipated as on 25th October, 2018)
                        
L&T 60 mins chart:( Happened as on 01st November, 2018)
 

(Below is the gist taken from our equity report published in our equity report on 25th of October, 2018)

Wave analysis:

L&T is one of the stocks which have managed to control its move with respect to the serious gyration that is witnessed in the Nifty Index from past few trading sessions. This does not mean that the stock has given positive returns but the fall has been lesser as compared to other stocks and in overlapping fashion since start of October.

As shown on daily chart, post breaking the channel an attempt to re-enter the channel was made but prices moved in favor of the bears and are now trading lower near 1218 levels. The fall has retraced nearly 50% of the rise which started from the lows of 871 and went on till the high of 1470 levels.

As shown on hourly chart, prices in the previous session broke the important ii-iv trendline but until we see 1240 breaking on the upside, it’s best to be with the trend and wait for price confirmation to turn the bias to positive. 

In short, move above 1240 followed by 1260 will result into positive reversal in this stock………….

Happened: Prices have behaved, as expected, taking out the resistance of 1240 followed by 1260 levels indicating an important low is now in place. LT has witnessed a terminal pattern in form of wave c. The sub- wave of this pattern, are corrective in nature consisting three waves each. Post pattern implication of terminal pattern is that prices retrace mostly 100% of wave c move. Currently, prices have retraced more than 76.4% making an intraday high near 1384 levels.

To know details about other stocks and also know if Nifty low is in subscribe to our daily equity report The Financial Waves Short Term Update”.

Get access to our services which include Multibagger stocks, research reports and advisory tips across equity commodity and currency calls; which are now upto 50% less rate on Diwali offer here.

Also understand the concepts of Elliott and Neo wave and much more. Learn how to apply the same in my latest training seminar to be conducted in Ahmedabad on 24th - 25th November 2018. Know more here

Tuesday, October 30, 2018

Nifty and Bank Nifty Is a low in place? Will positive divergence work?

Nifty has been moving in volatile environment but even when Nifty broke below the earlier lows it did not produce downside momentum. On the contrary many have been extremely bearish by simply looking at US or global markets.
We can see series of positive divergences both on daily as well as hourly charts on Nifty and along with that Bank Nifty has still managed to protect its lows of 8th October 2018 even when Nifty broke to fresh lows. This is a classical intramarket divergence. See the series of divergences below:
Nifty and Bank Nifty hourly chart:

Following was mentioned on 26th October morning equity research report –
As shown on hourly chart, prices are currently near the resistance trendline and are hovering around it. After many weeks we are seeing the fall is getting smaller and smaller and the intensity looks to be reducing. Now break above the resistance level will suggest sudden reversal on upside. The chances of Extracting Triangle pattern will be high unless we see strong momentum building on the downside. As per this pattern post completion of wave (c) on downside we should see wave (d) which will be bigger than wave (b) rally. We will focus on wave (d) rally once there is confirmation by break above …. levels…. I think we should complete wave (c) on downside very soon but it is better to wait for resistance break for confirmation of a positive trend when majority will be caught by surprise.  chart: a classical intramarket divergence. See the series of divergences below:
ong with that ve been extremely
Happened: We have been warning our subscribers that the downside speed is reducing and it is better to stay alert in case of sudden reversal. On 29th October, Nifty rallied by more than 200 points in single day. This clearly shows it is so very important to identify the pattern as per Elliott wave.
Series of positive divergences - With the rally we got series of positive divergences on index. You can see from the above chart where Nifty made fresh lows but RSI on hourly scale made a higher low. Also when Nifty touched 10004 levels, Bank Nifty managed to protect its earlier lows thereby giving classical intramarket positive divergence.
With the momentum reducing on downside despite of weak global markets and extreme pessimism is it time to take a contrarian stand and bet on upside?
So, which levels to expect on upside and what should be the stop. Know all this in the daily equity research report – “The Financial short term update”. We are on cusp of strong reversal provided the resistances are taken out decisively. But expect a good trade setup as Time cycles are also nearing the lows!
You can subscribe under the ongoing Diwali offer with upto 50% off – Visit here
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Thursday, October 25, 2018

CEAT Tyre: Is a major low in near vicinity? Fibonacci application

Fibonacci series are used to predict the potential areas of resistance and support. It helps the investors to determine multiple price targets. It needs to be combined with other technical analysis to improve its accuracy and it goes well when applied with Elliot Wave theory.

Ceat tyre has been moving towards lower levels making 52 weeks low near 998 levels with no attempt of positive reversal. We have been bearish on this stock when it lost its substantial value after quoting it’s all time high and started making lower high lower low pattern.

Below is the daily chart of CEAT Tyre showing detail analysis using Neo Wave, Moving Averages and Fibonacci technique taken from our daily equity research report published under the name of “ The Financial Waves Short Term Update.”

CEAT daily chart:( Anticipated as on 28th September, 2018) 


CEAT daily chart:( Happened as on 24th October, 2018)
 

(Below is the gist taken from equity report published on 28th of September, 2018)

Anticipated:
Tyre companies like MRF Ltd, Apollo tyre, Ceat ltd; have been under pressure from past few trading sessions. Even in last trading session Ceat stock prices cracked by 5%, making 52 weeks low near 1168 levels.

Fibonacci series: This is a common method in technical analysis which is use to drive support and resistance areas. On daily chart of Ceat, prices are forming Diametric pattern and are currently in last leg in form of wave g. As per the guideline, wave g of Diametric pattern tends towards 61.8% followed by equality with wave a. Considering this we can expect prices to move towards 1120. Break below 1120 levels can further infuse selling pressure taking the prices southward towards ……...

As shown on hourly chart, wave g is forming Complex Correction pattern. Currently wave c is ongoing on downside. On upside an important resistance is placed near 1250 levels as long as this is intact on upside move towards …………. can be expected.

In short, Ceat trend remains negative. Move towards ………can be expected. This will be the preferred scenario as long as 50-periods EMA is intact on upside.

Happened:  Bears have completely gripped their position on Ceat.  Prices have moved as expected falling more than 76.4% of wave a move and made 52 weeks low near 998.50 levels.

The stock has achieved our targets and is now nearing a major reversal zone as per Fibonacci projection, Elliott wave pattern and indicators. Is it time to start looking for bottom fishing? Are stocks going to hit a major low and reverse back sharply?

To know details about other stocks and how far the index will fall subscribe to our daily equity report “The Financial Waves Short Term Update”.

Get access to our services which includes Multibagger stocks, research reports and advisory tips across equity commodity and currency calls; which are now upto 50% less rate on Diwali offer here.

Also understand the concepts of Fibonacci series along with Elliott and Neo wave and much more. Learn how to apply the same in my latest training seminar to be conducted in Ahmedabad on 24th - 25th November 2018. Know more here

Wednesday, October 24, 2018

Nifty: Time cycles when will it reverse back on upside?

Just like economy has its recession and booming cycle, similarly each stock and indices has its own cycle of topping and bottoming. Time Cycles are used to predict the turning points when used with other aspects of Technical analysis. Cycle lows are normally used to gauge the time period of cycle and accordingly helps in estimating when the next low will be formed. We have been using Time Cycle along with Elliott wave technique to tap the turning points of Nifty 50 and other stocks.

Below are the charts with detail analysis on Nifty showing why we turn bullish or bearish based on Elliott wave counts and Time cycles!

Nifty daily chart - Time cycles applied

In the previous monthly update published in early September 2018 we mentioned that “the overall trend looks matured and we have started seeing the volatility. The indicators have entered into extreme levels but it has been more than 22 weeks since we saw lower high and lower low on weekly charts. This week we closed below 11595 which is negative close below prior week in nearly 22 weeks. So it is time to be cautious for sure and post this short term up move is over the downtrend should resume. This is another way of following the trend. To avoid the confusion and put it simply the trend looks matured and next few days are crucial for confirmation. Fresh longs should be created with caution. A decisive move below this week’s low of 11393 is important which will be first sign of concern that the trending move is over and the Price and / or Time correction is starting! The ongoing mania is going to culminate equally fast and one should be quick to change the stand as and when it happens.” BANG ON! 
 
Following was published in monthly update on 8th October 2018: 
Nifty moved precisely as expected and prices started the BIG correction. We can clearly see that the ongoing mania on upside culminated equally fast and now the optimism has turned into pessimism. The severity of selloff seen across the board was earlier witnessed only in 2008.
If you look at the entire rise in the form of wave g has been now taken out in less than half the time than wave g took to form. This strongly confirms that the top has been in place and the same should remain protected for months to come. The entire tide has turned and now the buy on dips market has turned into a sell on rallies. It is best to avoid catching a falling knife even though short term pullback from oversold state is not completely ruled out.

Monthly chart: We are showing important tops formed as per Figure 1.(shown in actual monthly research report published to subscribers) 2008, 2010, 2015 and now in 2018. All of these tops have resulted into a down move of atleast ……….. months and the maximum of ………. months. If we take the average of this then the current fall can extend to the extent of ……… months. Also in terms of price the fall has been anywhere between ………… points. Taking the averages of all the fall then we can expect a correction of approximately ………. points in over ………. months. The reason for expecting the average to be maintained is that prices are moving precisely within the channel and has been reversing from the upper resistance trendline. So there is a tendency to retest the lower trendline of the channel which is also coming near 9??? mark. So we can expect the ongoing medium term trend to come down towards this level. As the indicators are in oversold state short term pullback cannot be ruled out but that is only going to be temporary. There is also negative divergence on monthly charts.

Neo wave pattern: As shown in figure 2, prices might have completed the primary wave (1) on upside and now have started wave (2). As the entire rise was corrective in nature there is high possibility that this rise was first leg of a Terminal pattern (Ending Diagonal). The only impulse pattern in which waves 1, 3 and 5 are corrective is Ending Diagonal. Also in this pattern there is tendency for wave 2 to retrace nearly 61.8% to 76.4% of the rise which gives the downside zone as ……….. thereby giving the average bottoming area as 9???. So the levels derived using different methods are giving the similar outcome.

Short term pattern: …..
Time cycles: The cycle top was formed early and now the bottom is only by 1st or 2nd week of November. Volatility is going to be high and one has to be quick in booking partial profits and trailing remaining to make the most out of the ongoing trend.
The next cycle low will be in November and before that we should start seeing reduction in volatility and some base formation. So, are we starting this bottom pattern formation? I think we might soon provided the important support levels remain intact for a few days. Its time to get ready again when majority might be caught offguard. But again, only if the important support level remains protected and we see faster retracement above the last falling segment which is still awaited.
The above analysis clearly shows how well the cycle theory works. To know what are the different cycles that can be applied, on stocks as well as major indices and other various techniques. Get access to monthly research report along with short term equity research report - The Financial Waves short term update.

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