Friday, January 12, 2018

How to trade Nifty ahead of Budget 2018? Elliott wave outlook!

Nifty has been touching new life time highs and has now arrived at the trendline resistance.
Will it break above from here? know Elliott wave research with charts at 
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I will be conducting two days training on Elliott wave, Neo wave, Time cycles. To register contact on +91 9920422202 or helpdesk@wavesstrategy.com

Wednesday, January 10, 2018

Nifty: How to determine price strength using Bar technique?

Nifty has been closing at life time high levels but have you seen a single candle giving a close of more than 100 points? Think again! Technical analysis methods do not always revolve around only looking at indicators like RSI, ROC or Moving averages. There is much more to it.
See below a very different way of looking at momentum.
Nifty daily chart: published today morning in daily research report

Bar technique - A very important observation is if you look at the close of Nifty since 7th of December 2017 there has been not a single day where prices closed with gain of more than 100 points. Also this was seen last only on 7th December which was reversing the earlier short term downtrend. Forget about the close, the difference between high and previous close has also been less than 100 points except that on 18th December which was Gujarat Election outcome day. On 18th as well prices closed mere 60 points higher than previous day. So, when everything is so euphoric Nifty has been simply lacking the required momentum even now.

Another important fact - over past 22 trading days on an average daily basis Nifty has gained mere 16 points. So, after completing wave …….. near the lows prices have simply failed to keep up with euphoria in wave ………. This is typical property during last legs that creates enough euphoria but prices only drift without strong bar formation. Nevertheless, we will see if Nifty manages to give a close of more than 100 points which will precursor for current rally extension as it approaches near important trendline resistance.

In short, move above ……… will keep short term tone positive which can drift prices ……………

The above research is picked up from “The Financial Waves short term update” our flagship product that covers detailed Elliott wave analysis with trade setup on Nifty, Bank Nifty, stocks using various different methods. Subscribe Now

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Friday, January 5, 2018

Thursday, January 4, 2018

Power of Impulse pattern – Gold, Silver, Crude & Copper!

The below charts show power of impulsive pattern across the commodities – Gold, Silver, Crude and Copper.Many are fixated upon movement of equity markets which has been subdued since the start of New Year whereas commodity has been providing ample opportunities on the long side.
We have seen strong trending moves in Base metalsEnergy pack and Precious metals as well. See the below charts of different commodities published in today’s morning research report – The Commodity Waves short term update.
See how easy it is to trade an impulsive trend if you are placed the right direction. You might refer our previous articles on Copper and other metals as well where we captured the entire up move and we turned bearish post wave v completion which helped to capitalize on the past few days of correction as well.
MCX Gold 60 minutes chart:

MCX Silver 60 minutes chart:

MCX Crudeoil 60 minutes chart:

MCX Copper 60 minutes chart:

So, once you have the Elliott wave structure or pattern you now know the address of the market. Using this co-ordinate you can formulate the trading strategy and use appropriate indicators.
So, if we expect a trending move then Moving averages will provide good support to prices, whereas during sideways action Bollinger Bands will do the magic!
Along with charts, it is important to see the support and resistance levels which we give along with the research daily morning.
Get access now to “The Commodity waves short term update” and trade the asset where the opportunity lies. I believe we should be flexible in switching the asset to the ones that are trending. Right now, it seems Commodity is the place to be in – Subscribe Now here

In case you do not have time to analyse and read the charts yourself subscribe to our Intraday / Positional Commodity Tips services where we monitor and shoot the calls based on opportunities. We have been able to capture amazing moves on Gold, Copper and other metal space over past few days. Subscribe for Commodity Tips and get research report free. Get access here

Tuesday, January 2, 2018

Why SBI struggling to give breakout? What is next?

SBI has been a major laggard within the Banking index. This stock has simply failed to participate in the entire rally of December and has been drifting lower.
Interestingly it is one of a very few stocks that is now reaching towards the spike low made on 18th December. So, why this stock has been failing?
Look at the below chart of SBI which was published today morning in our equity research report along with 60 minutes chart – The Financial Waves short term update
SBI weekly Chart:

Elliott Wave analysis:
We are showing weekly chart of SBI to see why there has been such a huge supply near the levels of 340 – 350. If you look at this chart, one can see that the high of 2010 after the financial crises was also at the same level of 340. So for an investor since 2010 this stock has not given any returns for almost 7 years now. Isn’t it interesting to see how a major PSU bank has simply failed when the economic reforms and growth has been the talk of the town.
As shown on hourly chart, (shown in actual research report)………….
Rise in SBI since the lows of 2016 has been in corrective fashion which suggests that the correction which started in 2010 is still not over and we have arrived at very important juncture.
I am sure many would have been bullish on PSU banking space but only to encounter minuscule returns compared to other outperforming stocks. We have refrained from recommending investments in this sector and it has paid out well.
So, how to form trading strategy on SBI? Please refer the morning equity research report – The Financial Waves short term update that covers Nifty, Bank Nifty and stocks research on charts using Technical analysis, Elliott wave, and crucial support &resistance levels. Subscribe annually and get flat 30% off on the product. What more get access to the Monthly research report free for 3 months which will cover indepth analysis on Bitcoin in the upcoming issue. Subscribe by visiting Pricing page and select period as 12 months, we will set you up for your 3 months of free copy of monthly research report along with it!