Tuesday, July 2, 2024

Multibagger Stock – 4,700% rally in 3 years!

 The data from Lloyds Metals & Energy shows that stock from the BSE 500 universe has surged up to 4700% in three years.

Lloyds Metals & Energy: This iron and steel manufacturing company is the biggest gainer in the BSE 500 index. Lloyds Metals & Energy's share price has surged 4775% in the three-year period to Rs. 716.65 on April 29, 2024, from Rs. 14.7 on April 29, 2021. It has a current market capitalization (m-cap) of Rs. 36,209 crore. This stock jumped 122% in the last one year.

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

Lloyds Metals & Energy daily chartLloyds Metals & Energy Earnings & PE chart:

Lloyds Metals and Energy chart shows sharp rise in stock prices from below 10 to now near 738 levels. This has given an exorbitant move of more than 4700% in 3 years and more than 122% in last 1 years.

Stock is still managing to protect its 50 and 200 days Moving average. 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 the rising momentum in earnings over past 3 years. The PE ratio has continued to stay around 27 despite of sharp jump in stock prices. This indicates the earnings momentum is still good in the stock.

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.

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 20th – 21st July 2024. Early bird ends soon, Limited seats only, Know more

Brahmastra (Mentorship) on Timing the market – 3 months of trading with me know more

Bank Nifty Target using Neo wave and Time cycle

 Neo wave along with a simple price indicator helps to form powerful setups with a good accuracy. In the previous monthly report dated on 14th June 2024 we anticipated possible rally in Bank Nifty. Bank Nifty moved precisely as expected!

Bank Nifty Weekly chart anticipated as on 14th June 2024

Bank Nifty Daily chart anticipated as on 14th June 2024

Wave analysis anticipated as on 14th June 2024

In the month of May 2024, Bank Nifty witnessed minor profit booking at the start of the month and later moved up and made fresh highs. However, due to Lok Sabha Election outcome which is a big event for Indian Markets, we have seen higher volatility since the start June month. On the event day, prices showed a sharp correction of 4900 points and later within next two days prices showed a sharp recovery of nearly 8-9% from the lows of 46077.

As shown on the 1st daily chart, we can see the entire rise from the lows of Covid 2020. Momentum was strong in the earlier legs of the Diametric pattern but now the momentum has been slowing. The ongoing primary wave G is looking like a wedge-shaped formation with lack of momentum. Nifty has managed to touch lifetime highs but participation from Bank Nifty is still awaited.

This is also in sync with the ongoing interest rate cycle. Since we are at high interest rates scenario the financial sector usually underperforms other sector. As mentioned earlier as well it is better to stay with defensive sector that can outperform banking stocks.

Nevertheless, overall trend for Bank Nifty is positive as there is no negative reversal yet.

On the next daily chart figure 6, we have shown Bollinger Bands. Wherein, prices are gradually moving towards the upper bands which is near 50800 levels. As per wave perspective, the fall that we saw on the Election Day was in form of wave f and now prices are moving up in form of wave g which is a last leg of a Diametric pattern. This leg has retraced more than 76.4% of prior leg which was wave f.

In a nutshell, overall outlook for Bank Nifty is positive for move back to 50660 followed by 50800 levels with support on downside at 48800 levels. Any breach below this support will indicate a triangle pattern possibility. As long as support holds use dips to buy but momentum can remain a concern.

Bank Nifty Daily chart happened as on 1st July 2024

Happened:

In our monthly report we mentioned about possible more up move towards 50800 levels and gave hints above possible fresh highs in index! Bank Nifty moved precisely and achieved our target in just 2 days of span! Later Bank Nifty showed a classic rally and made a fresh high near 53180 which is more than 6% in short span of time.

For now, one should avoid catching tops and can use buy on dips method to ride the trend by keeping as long as 51900 level holds on the downside.

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 20th – 21st July 2024. Early bird ends soon, Limited seats only, Know more

Brahmastra (Mentorship) on Timing the market – 3 months of trading with me know more

Nifty at 24000, What are Targets from Here?

 Nifty has touched lifetime highs and crossed above 24000 levels. Elliott wave with Time cycles provide forecasting ability.

We turned bullish on markets on 5th June 2024, very next day of election result and mentioned about lifetime high levels.

Below is the chart where we combine Hurst’s Time cycles along with Neo wave that helped to take the bullish stand.

Nifty daily chart:

Nifty hourly chart
 

Elliott wave analysis – As shown on daily chart of Nifty prices have been moving in form of Diametric pattern. The entire rise is in 7 legged structure and the fall on 4th of June 2024 was only wave (f).

Understanding the pattern is very important for trading or investing. We expected prices to move up from 22398 levels on 4th of June 2024 to lifetime high levels of 24120. This is based on the equality of wave (g) to that of wave (a) on percentage scale.

Prices already made a high of 24036 on 27th June 2024 which is very near to the expected target levels.

A move of more than 1600 points already on the index in less than a month’s time.

Also, as shown in above chart Hursts’ Time cycle of 55 days has been in the buy zone and this was also in sync with our Neo wave counts.

Short term chart – Nifty hourly chart shows the entire rise in form of a-b-c pattern and currently prices are in wave c. As long as the support of 23600 is intact the overall tone will remain bullish for move to 24120 levels.

In a nutshell, by knowing the science of Elliott wave along with Hurst’s Time cycle it is possible to form strong trading strategy right from short term intraday to positional investments.

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 20th – 21st July 2024. Early bird ends soon, Limited seats only, Know more

Brahmastra (Mentorship) on Timing the market – 3 months of trading with me know more

Nifty Lifetime Highs as per Time! BANG ON!

 Nifty touched lifetime high levels and the movement has been precisely as per Time cycles.

It is very much possible to time the market but only a few traders are aware about this advanced concept of Time trading.

On 5th June 2024, very next day of Election result we mentioned that prices should touch lifetime high levels when the index was near 22398. Nifty has rallied by more than 1400 points already from there.

Nifty anticipated using Time cycle and Neo wave on 5th June 2024

Nifty Tweet on 24th June 2024



Nifty 15 minutes chart – Time cycles

Nifty has been moving precisely as per Time cycles.

Above tweets and charts clearly shows application of time trading concept right from daily chart to 15 minutes time frame.

On daily time frame, prices follow 55 Days time cycle and we clearly mentioned on 5th June when the index was near 22398 that prices should touch lifetime high levels.

Happened: Nifty moved precisely from there rallying by more than 1400 points and already crossed above 23800 levels.

Nifty 15 minutes time cycle – Basis of short term cycle we mentioned in our daily research and also tweeted about prices should rally to 23750 levels when the index was near 23560. Nifty moved up on 25th June 2024 and touched the high of 23755 on same day itself.

Later on 26th June 2024 morning tweet we again mentioned that prices should move up to 23820 levels after minor dip and index rallied again by more than 120 points.

Nifty 43 period Time cycle – Hurst’s Time cycle is scientific approach to trading time cycle. It helps to understand the possible reversal areas. Every 43 period there is tendency of prices to reverse back on upside. By combining price action along with this time cycle one can trade right from scalping, intraday to positional.

As can be seen in above chart, prices have rallied on upside from most of the lows including the ones formed on 5th June. Also on 24th and 26th June prices rallied sharply upside from the cycle period.

In a nutshell, by combining time cycle in trading along with simple price action method can provide not only time but price forecasting ability as well. This can be the missing element in your trading that can sharply increase your accuracy.

Kaal Chakra – Master of Cycle: 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 20th – 21st July 2024. Early bird ends soon, Limited seats only, Know more

Brahmastra (Mentorship) on Timing the market – 3 months of trading with me. know more

Monday, June 24, 2024

Momentum Stock – SKF India Head & Shoulder with Elliott wave

 Momentum stocks trading requires understanding of technical analysis patterns like Head & Shoulder. This combined along with Elliott wave can provide strong breakout opportunity.

Below stock of SKF India was discussed during the live Brahmastra (Mentorship) session when it was trading near 6300 levels for target of 7200 on upside.

SKF Hourly chart - Anticipated

SKF Hourly chart - Anticipated

SKF India hourly chart: Happened

SKF India momentum stock was identified during the live trading session of Brahmastra – Mentorship when the stock was trading near the levels of 6300.

The upside target using Head & Shoulder pattern along with Elliott wave was derived at 7200.

Elliott wave suggested that wave 4 was complete and the stock was ready to move up in form of wave iii of 5. Wave iii are most powerful legs that can cover maximum distance in minimal possible time.

Also the stock selection was done using Algo created during mentorship session.

The stock gave a breakout on upside as expected and rose by 12% after two days of the identification. It rose another 4% on next trading day thereby achieving the target of 7200 levels.

The above clearly suggest the process of stock identification using algo and then trading on basis of Elliott wave pattern.

In a nutshell, trading requires edge over others. Elliott wave and Time cycle provides the necessary edge required to trade with high accuracy, low risk high reward setup.

Brahmastra (Mentorship) on trading – Traders are not born and can be created. Learn the science of Trading using Elliott wave, Neo wave, Time cycles, Algo creation, Multibagger & Momentum stock identification and complete handholding over the period of 3 months with lifelong access to private telegram group. Early bird ends soon. Know more