Nifty Volume profile with Elliott wave Post Budget

Post Budget announcement Nifty showed sharp swing on either direction but the volatility reduced as the event is behind us.

Simple price action using Volume analysis along with advanced Elliott wave – Neo wave provides clear guidance for trading this index over short to medium term.

Nifty Volume profile chart:

Nifty hourly Neo wave chart

Volume profile indicates big players activity and same can be applied prudently even for Options Trading.

Options Trading requires understanding of momentum, trend, time to expiry and range.

Majority focus only on Open interest but by combining change of Open interest along with Volumes on stocks, indices the overall perception can sharply increase.

Nifty hourly chart shows that there is big volume buildup at 24320 (fut) levels. This can be seen from right hand side volume area. Prices are managing to sustain above this levels after all the volatility. This provides important price action support area.

Neo wave counts – As shown on Nifty hourly chart we can see that currently prices are in wave g formation of Diametric pattern. Within this wave g we can clearly see ongoing Zigzag pattern with prices currently moving higher in form of wave c of g. There is high likelihood that we can again break above 24500 levels and move back to 24728 Gann levels on upside.

Neo wave counts are also in sync with our Volume profile support and both of these technique can form powerful trading combination that suggests the overall trend still remains buy on dips as long as the support near 24320 is intact on closing basis.

In a nutshell, Nifty trend remains positive unless we see close below the support area for a move back to 24728 followed by 24850 as long as 24320 is protected.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more

Multibagger Stock – 1100% rally in 2 years!

IRFC (Indian Railway Finance Corporation) shows that stock from the BSE 500 universe has surged up to 1100% in two years.

Elliott wave helps to understand the overall maturity of the trend and if the rise is sustainable or not.

Below is the chart of the stock along with the earnings –

IRFC Daily chart with Elliott wave

IRFC Earnings & PE chart:

IRFC chart shows sharp rise in stock prices from below 20 to now near 205 levels. This has given an exorbitant move of more than 1100% in 2 years and more than 600% in last 1 year.

Stock is completing its 5^th wave on the upside as per Elliott wave and also showing negative divergence with KST momentum indicator.

It is important to also see of this rise in stock price is associated with rise in earnings or not. Price to Earnings ratio measures the how expensive is the stock compared to the current price.

Above EPS and PE chart shows earnings have not changed much over past 1 year. The PE ratio has continued to rise from 6 to now above 40. This indicates the earnings has not improved whereas stock prices have risen sharply.

There is high possibility that if the level 188 is broken we might see sharp reversal on downside in this stock to 130 or lower levels.

In a nutshell, by combining technical analysis like Elliott wave along with earnings momentum one can form strong combination of fusion analysis for identifying such multibagger stocks when up move is starting and also exit strategy when the stock looks matured as per Elliott wave and about to reverse on downside.

Brahmastra (Mentorship) on Timing the market – Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more

Conquering Khiladi No. 1 Again: 29 Wins and Counting!

I am incredibly excited to share that I've won Khiladi No. 1 on CNBC Awaaz for the 29th time! Even more amazing, this is my fourth consecutive win. This achievement shows that the techniques I use, like Elliott Wave and Time Cycle analysis, really work.

My Journey So Far

Winning Khiladi No. 1 is challenging. It requires a deep understanding of the market and the ability to predict its movements. Over the years, I've developed strategies that consistently bring positive results. Each win strengthens my belief in the methods I use and their potential to help traders and investors.

The Power of Elliott Wave and Time Cycle Analysis

Elliott Wave analysis is a method that helps predict market trends by studying patterns in investor behavior and price movements. Time Cycle analysis focuses on the timing of these trends and market reversals. Together, they create a powerful tool for making smart trading decisions.

Why Elliott Wave?

1. Predicting Future Moves: It helps forecast future price movements by understanding market sentiment and patterns.
2. Spotting Trends: It identifies long-term and short-term trends, aiding in strategic decision-making.
3. Managing Risk: By understanding wave patterns, traders can set better stop-loss orders to minimize potential losses.

Why Time Cycle?

1. Timing the Market: It helps determine the best times to enter and exit the market.
2. Learning from History: By studying past market cycles, traders can better anticipate future movements.
3. Better Predictions: When combined with Elliott Wave, it enhances the accuracy of market forecasts.

Thank you for your support! Each win inspires me to improve my market analysis and strategies. I'm committed to helping traders navigate the market's challenges. With the right tools and knowledge, anyone can succeed in trading. Here's to more successes and continued excellence in trading!

Kaal Chakra – Learn to trade the time cycles that can be applied on any index, stocks right from 5 minutes to 15 minutes, daily and weekly time frame for trading using concepts of Hursts Time cycles, Centred Bollinger Bands, price forecast using FLD, Pring Special K indicator, Gann and Lunar cycle scheduled on 20^th – 21^st July 2024. Early bird ends soon, Limited seats only, Know more

Feel free to share your thoughts and experiences with Elliott Wave and Time Cycle analysis in the comments below. Let's continue to learn and grow together!, Fill out the below form to learn more about Elliott Wave and Mentorship

Gold, A True Rally? – Time Cycles Cannot be More Accurate!

Time Cycles is a very important Technical Analysis study and is surprising that such basic concepts are rarely focused by traders.

It is simply amazing to see how easy Trading becomes if one is aware about such reversal time areas with exact date to the very minute.

MCX Gold Daily 51 Days Time Cycle:

We used the concepts of Hurst’s Time Cycles and found actual cycles working on Gold prices. It is amazing to see it can be applied simply across Daily, Hourly, 15 minutes time frame and all working extremely well.

We can see that all the major lows formed on Gold is near 51 days cycle including the recent one formed at the start of July 2024 near 71685 and a rally of more than 4% from there has already been seen, we can expect prices to continue moving upwards as long as the cycle low which is near 71685 remains protected on the downside. We have given hints about possible reversal on the upside in our short term commodity report. The next cycle is due in September 2024, till then we are expecting the cycle low to remain protected.

To summarize, once the trend is clear on bigger time frame a trader can then drill down to smaller time frame charts in order to time the exact entry using simple methods of Time and Candlesticks. Many traders complicate it by combining various indicators but it is not required as we can easily trade keeping things simple.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more

Intraday Trading Using GANN Square of 9 on Nifty

 

D. Gann methods for market forecasting is very unique and provides a different dimension to see the stock market.

Nifty has been touching lifetime high levels every other day. Prices have been moving from one Gann level to the next level.

Below chart of Nifty was shown on 29^th June when prices were near 24010 levels.

Nifty Gann square of 9 daily chart – Anticipated on 29^th June 2024

Happened: Nifty daily chartNifty Gann square of 9 requires to find out the angle which is providing support or resistance to prices.

We have researched 180 degree angle as an important parameter that has been providing resistance and support to prices on most of the occasions.

As shown on the daily chart when prices were near 23486 it was forecasted that we can approach to 24103 levels and probably above it to 24728.

Happened: prices showed sharp rise and crossed above 24103 and is now headed towards 24728 next Gann levels. There has been a move of more than 1000 points already from 23486.

By combining Time cycles with Gann it is possible to form powerful trade setup of price time reversal technique.

In a nutshell, Nifty has been following Gann square of 9 levels accurately and this is the simplest way of looking at price action and can time is along with Time cycle methods.

Brahmastra - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more