Nifty Elliott wave with Time cycle – Path Ahead!

 Nifty is moving with high volatility and has failed to close above prior day’ high for 8 consecutive days in a row.

During such volatile moves it is best to combine techniques of advanced Elliott wave – Neo wave along with Time cycle and understand the probable path.

Nifty daily chart:
Nifty hourly chart:
Nifty daily chart shows that prices post completing the topping Head & Shoulder pattern moved down sharply and almost achieved the target near 23300 levels.

As per Neo wave the move on downside is in form of Diametric pattern that consists of 7 legs. In this pattern usually

• wave g ~ wave a
• wave f ~ wave b
• wave e ~ wave c

Prices are currently in wave e which looks to be subdividing. The sharp rise on upside on 19^th November with equally fast reversal indicates wave e is not complete and might still continue for few more days.

Even after 8 consecutive days there is no respite by way of closing above prior day’s high indicate inherent weakness in Indian equities market.

Break above 23800 is must for any positive confirmation that wave e is over and wave f on upside has started.

Overall tone for Nifty is still bearish unless we see close above prior day’s high. Low made during the cycle zone period of 55 days at 23350 is crucial. Any breach and close below this will increase the odds that prices have topped out for another 45 days until 22^nd January 2025.

In a nutshell, immediate support is at 23350 and major hurdle near 23780 levels. Below 23350 further downside targets will open in form of ongoing Diametric pattern and will turn daily time cycles on sell side!

Brahmastra on Timing the market (Mentorship) – Learn the science of trading using the science of Time along with Elliott wave, Neo wave, Options strategy and stock selection algos over 3 months of Mentorship, risk management, money management and Live trading sessions, Know more here

Sasken Bang On- Combining Rounding Bottom with Ichimoku Cloud!

 Basic price patterns and price indicators work in unison, leading to interesting results! Our recent analysis on Sasken, affirms this theory and makes one trade more confidently and with certainty! See below our prediction on Sasken, a momentum stock that has rallied by more than 10% in just 2 trading sessions despite major indices falling.

We published Sasken in "Vayu Momentum Report" on 13^th November 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

Sasken Daily chart Anticipated as on 18^th November 2024.
Wave Analysis:

SASKEN showed sharp rally in the previous session of more than 9% in a single trading day! The stock has formed a rounding bottom pattern. A close above 1950 can confirm breakout of the said pattern. On the daily chart, prices recently bounced back from the base line(red) of the Ichimoku cloud which is a positive signal.

Key Resistance: 2060

Key Support: 1870

Strategy: Use dips towards 1890-1900 as a buying opportunity for a move towards 2000-2060 levels as long as 1850 holds on the downside

Sasken Daily Happened Chart as on 18^th November, 2024. 
Happened – The stock has moved as we anticipated. The stock witnessed a dip and bounced on the upside around the given level of 1890 levels. The stock gained more than 10% and achieved both or targets in just 2 trading sessions, despite market volatility.

Want to know more about such stocks like Sasken is on the mark! subscribe to our Vayu Short-Term Update: Get a list of stocks with high growth potential: Check Here

Brahmastra (Mentorship) – Learn the science of trading with complete handholding and live trading sessions, along with stock selection algos and options trading combined with Neo wave strategy. Know more

Nifty Bang on using Time and FLD!

 Nifty has witnessed a sharp fall since the previous week. It is amazing to see how the advanced tools like FLD gave an indication of this reversal very precisely.

FLD – Future Line of Demarcation is an important Technical analysis tool that helps us to project price targets, support and resistance points and to understand the underlying trend.

Following is the Nifty daily chart showing how the application of FLD helps in determining crucial reversal areas and target points which we derived and published it in our article and in our Agni research report as on 8^th October, 2024.

Nifty Daily chart (As Anticipated as on 8^th October article)
Nifty Daily chart Happened as on 14^th November, 2024
First chart shows the path for Nifty and targets on the downside which is picked up from an article dated 8^th October, 2024 and we have covered it in our previous research report in which we derived targets by using an indicator called FLD (Future Line of Demarcation). As per this, our target was 23600 which was clearly achieved on 13^th November 2024.

We were able to capture this fall of more than 1300 points by using Neo wave and FLD.  It is amazing to see how these advanced methods get aligned together.

Want to know more about Time trading and to trade using FLD, Gann, Lunar cycles, 2 Stage confirmation, and Pring special k, Know more here

Brahmastra (Mentorship) – Learn the science of trading with complete handholding and live trading sessions, along with stock selection algos and options trading combined with Neo wave strategy. Know more

Nifty Crashed - resuming trend to Head & Shoulder Targets!

 Nifty crashed – down by more than 300 points again in a single day and resuming down trend.

Head & Shoulder topping pattern along with Neo wave was shown on 24^th October 2024 during a live webinar.

Nifty hourly chart: anticipated on 24^th October 2024
Nifty hourly chart happened as on 13^th November 2024
Elliott wave analysis – Nifty hourly chart shows the formation of the top near 26200 levels completed the entire rise and the fall was sharp and fast in form of wave a.

As per Neo wave two stage confirmation the entire rise got retraced in faster time indicating that the prior up move was complete and the down move has started.

Later on 4^th of November we had 55 Days time cycle which hinted towards the short term bounce back.

Prices after forming a low in form of wave c near 23800 showed upside pullback or retracement back towards 24537 levels which completed wave d of Diametric pattern and broke below the trendline near 23980 levels.

It was below 23980 when we again warned of possible downtrend to resume in form of wave e of Diametric pattern and prices fell by more than 300 points in single day.

The above charts clearly shows how prices are moving in lock step fashion as per the Neo wave whereas Time cycles are helping to identify the area of pullback.

Time cycles have turned negative for another 40 days as long as prices do not close above 24200 levels and target of 23300 is also derived using FLD of Time cycle not just Head & Shoulder pattern.

Is it Possible to identify early reversals using 15 Minutes Time cycle in NIFTY?

 It is fascinating to see how accurately Time cycles can predict early reversals on Nifty, in the same way as stocks. Look, how we were able to predict a reversal and Nifty gained more than 500 points in just 2 trading sessions.

Is it possible to Time the Index? Can we use methods to predict when Index prices will reverse with the exact date and time?

Nifty 15 Min Time cycle anticipated as 1^st November
Nifty 15 Min Time cycle Happened as on 11^th November, 2024.

Time cycle works well to catch early reversals even on Index. For, Nifty, 15 Min Time Cycle works extremely well for capturing short-term reversals. As we anticipated, we successfully captured reversal in Nifty, capturing more than 500 points in just 2 trading sessions.

As of 11^th November, the 15-minute time cycle was due at 12:15 PM. A break above 24340 can confirm that price and time are in sync.

In nutshell, by combining this science of Time trading one need not worry about missing out the trend as if time is in favour, then one can predict moves well in advance.

Want to know more about Time trading and to trade using FLD, Gann, Lunar cycles, 2 Stage confirmation, and Pring special k, Know more here