Nifty 55 Days Time cycle with Head & Shoulder pattern!

Nifty turned up sharply in anticipation of victory in US Election by Trump.

We can see rally across the crypto currency as well that usually likes Trump being in power.

Now is it just a coincidence that the date of 5^th November 2024 discussed more than a month back for Nifty as per 55 days time cycle happens to be on the day when US Election results are declared?

Yes, it is, but Indian markets corrected sharply until the time cycle day and started rallying again after the cycle turned on upside.

It would have been better to combine the political outlook along with charts and Time cycle to convert that into an actionable outcome.

Let us look at the below Nifty chart with 55 Days time cycle and Elliott wave pattern!

Nifty daily chart:

Nifty hourly chart:

Elliott wave analysis - We have been bearish all the way from 25900 to the lows of 25000 levels and later when 24900 was breached we again turned super bearish. The fall was sharp and violent post that resulting a crash of more than 1000 points lower to 23816. Low formed on 55 days cycle post which we reversed back on upside.

Is it a temporary upside pullback? – Yes, prices are forming Diametric pattern and probably completed wave c at the lows and the rise now is in form of wave d. This can take a few days and push prices back towards Gann levels of 24723 or little higher before we reverse back on downside.

A bigger degree Time cycle helped us to change our stand from bearish to being bullish exactly at the right time which was on 5^th November 2024 just when the upside move started. Prices confirmed by breaking above 24080  and from there we are already 400 points higher.

As a trader it is very important to change stand from bearish to bullish as soon as time and price gets in sync.

In a nutshell, the up move is in form of wave d which will take a few days to complete and can retrace prices to 24723 levels before the down move can again resume.

Head & Shoulder pattern – The bigger H&S pattern target of 23300 still remains intact unless we close back above 25k on upside. Prices are now going to retest the neckline of breakout post which expecting distribution and then the down move to resume.

In a nutshell, both Neo wave and Time cycle acts as a GPS to market and provides clear trading opportunity if only one reads the chart correctly.

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Deepak Fertilisers Bang On- Two powerful indicators you cannot miss!

Simple Elliott wave and Ichimoku cloud creates wonder if one combines it together! See for yourself how we were able to capture such a significant move in Deepak Fertilisers, take a look at how we chose Deepak Fertilisers, a momentum stock that has rallied by more than 17% in just 3 trading sessions.

We published Deepak Fertilisers in "Vayu Momentum report" on 25^th October 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

DEEPAKFERT Daily chart anticipated as on 25^th October 2024

Wave analysis anticipated as on 25^th October 2024

In the previous session, Deepak Fertilisers closed on appositive not with a marginal gain of 0.60%. On the daily chart, prices are trading in rectangular pattern since the past 2 months indicating a phase of accumulation in the stock. A daily close above 1130 can suggest breakout of the said pattern which can result into fresh rise in this stock.

Stock faced support from the Supertrend line and a sharp bounce of more than 18% was seen in just 2 trading sessions. As per wave perspective, wave iv got completed on the downside and fresh leg has started unfolding on the upside in form of wave v.

Key Resistance: 1200

Key Support: 1090

Strategy: long positions can be created above 1130 with the stoploss of 1090 and target of 1210. (One can book part profit near 1160-1165 and trail stoploss to cost)

DEEPAKFERT Daily chart Happened as on 30^th October 2024

Happened:

The stock moved as we had anticipated. Deepak Fertilisers gave a breakout out of a consolidation with huge volume and achieved our target within 3 trading sessions and showed rally of more than 17%. Stock made life time high near 1335.95.

This entire moved we captured successfully by combining Elliott wave with simple price pattern.

Want to know more about such stocks like Deepak Fertilisers 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 

DYCL Bang On- Combing Rounding Bottom with Ichimoku Cloud

When we combine price patterns with key indicators, one can see remarkable results. In fact, this approach enabled us to capture a significant move in DYCL. Take a closer look at how we choose DYCL, a momentum stock that surged more than 19% from its lows in just two days. 

We published DYCL in "Vayu Momentum report" on 28th October 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published. 

DYCL Daily chart Anticipated as on 28^th October 2024. 

Analysis as on 28^th October 2024

Wave Analysis:

DYCL closed on a positive note with a gain of 1%. The stock has formed a rounding bottom pattern. If Price managed to give a close above 680 it will confirm breakout of the Rounding bottom pattern! On the daily chart, price is trading above the Ichimoku cloud which indicates that the short-term bias is bullish.

When majority indices are falling, this stock has managed to hold its gain and continued to move up day by day!

Key Resistance: 710

Key Support: 635

Strategy: A break above 665 can lift price higher towards 700-710 as long as 635 holds on the downside.

DYCL Daily Happened chart as on 29^th October 2024 

Happened – The stock moved as we anticipated. DYCL gave a breakout out of a rounding bottom formation with huge volume which was a bullish sign. Prices moved as we expected and achieved targets of 710 and made a fresh high near 795 which is more than 19% in just two trading sessions.  

For now, one should use buy on dips approach to ride the trend as long as 740 remains protected on the downside.

Want to know more about such stocks like DYCL 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 

Diwali Multibagger Stock Up by more than 60%

Diwali festival is known not only as festival of lights but also by investors to invest in stocks in expectations of giving good returns

We have published 4 stocks in last year Diwali namely Auropharma, Tata Consumer Products, CDSL, Birlasoft. As shown in the below chart, we can see that Auropharma and CDSL achieved the targets levels and given a return of 63%, 68% respectively. Even Tata Consumer and Birlasoft have shown a maximum return of more than 40% each in just less than a year. Below is one of the stocks.

Auropharma Weekly chart Happened as on 28^th October 2024

Investment and trading involve risk and there are no guarantees. If you can take a systematic risk there can be rewards accordingly.

I use Neo wave which is an advanced concept of Elliott wave, Hurst’s Time cycles to identify the turning areas, overall long-term trends, sectors, and much more to identify such stocks.

Diwali Muhurat Trading is an auspicious day and many investors or traders search for stocks that can be potential Multibagger. Two of our stocks Auropharma and CDSL rallied by more than 60% each and achieved the targets in just a year.

So, which will be top picks for the coming year and 4 stocks that can strongly outperform the potential of giving 60%-70% returns, Get access now

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Hero MotoCorp Bang On- 2 Best Indicators You Cannot Miss!

Simple Elliott wave and Ichimoku cloud creates wonder if one combines it together! See yourself how we identified such a sharp fall in Hero MotoCorp. Check out how we accurately predicted on the possible correction in Hero MotoCorp which has shown fall of nearly 4% and achieved our targets in just 1 trading session.

We published about Hero MotoCorp in "Vayu Short Term Update" on 25^th October 2024 which our subscribers receive pre-market. Check out below the detailed research report that we published.

Hero MotoCorp Daily chart anticipated on 25^th October 2024

Wave analysis as on 25^th October 2024

Hero MotoCorp lost -0.62% in the previous session. On the daily chart, we can see that not a single candle has given a close above previous day's high since 14th October which keeps overall trend on the negative side as long as we do not see a close above previous day's high. Also, currently stock is trading near the crucial support area which is at 5085 levels. A breach below it can intensify further selling in this stock.

As per wave perspective, primary wave (3) got completed at the top and the entire fall is in form of wave (4). Also, prices gave breakdown of the trendline

In nutshell, trend for Hero MotoCorp is bearish. A decisive breach below 5085 can result into further correction.

Trade set up for Positional Futures – short position can be created below 5095 with the stoploss of 5176 and target of 4975. (One can book part profit near 5055-5060 and trail stoploss to cost)

Trade set up for Options: Nifty 31^st October 5300 PE buy above 230 with the stoploss of 194 and target of 280. (One can book part profit near 243-245 and trail stoploss to cost)

Hero MotoCorp Daily chart Happened as on 25^th October 2024

Happened – As we expected, the stock has shown a correction. After breaking through the key support level of 5085, prices showed a fall more than 4%. All the targets were achieved in Future and options precisely.

So, with the use of the Ichimoku cloud and a basic Elliott wave, we were able to capture a fall of over 4% in a single trading session.

Want to know more about such stocks like Hero MotoCorp 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