Many of the technical indicators like PCR ratio, Channeling
technique, TRIN indicator, faltering market leaders like Yes bank all warned of
impending reversal!
Majority of the traders are now trying to figure out logical
reason for such a huge selloff in Global markets and it is interesting to see
there is none. Given the selling pressure in US markets majority are now going
to talk about FED cautious stand.
But is there a way to identify such impending correction?
Absolutely YES! Look at the following research published to
our paid subscribers over past week and also we shared a part of it on our
website for all our readers. Here is the link of that article that clearly
mentioned risk of going long is way too high given the deterioration in
majority of indicators: Nifty-channeling-trin-pcr-ad-line-faltering-market-leaders-all-sending-warning-signs_1_21627
Now look at the below charts and think yourself if this is
just the beginning or we are near the end of correction?
Nifty daily chart published on website on 9th
September 2016 when Nifty was trading at 8900 levels around 2.30 p.m.
Happened as of now: Scroll
below there is more to it…
At times it is important to understand the risk of going long
rather than thinking about missing the trend. Majority of the indicators
aligned together after a long time that suggested an upcoming downtrend.
Following is the research published to our paid subscribers in research report “The Financial Waves short term update”
over past week -
Published on 12th
September morning: Trend for Nifty
is negative and sustainable Gap if not filled throughout the day will be
bearish. We have received first stage of negative confirmation as the 0-b
trendline is now broken. Further selling below 8760 in faster time will
indicate that the trend that started from 8540 is over and bigger degree
downtrend has started. …. Time to be alert and not complacent like majority!!!
Published on 11th
September morning: TRIN indicator
that measures the amount of money flowing into the stocks is now again reaching
extreme overbought levels. Such readings are signal to be alert. PCR ratio has
now crossed above 1.40 which is not very often. Also prices are close to the
upper end of the channel resistance. Slowly and steadily the indicators are
getting aligned….
Published on 10th September
morning: Prices and daily RSI both has arrived near important levels from
where we have seen reversal on previous instances.
The above simply
highlights the fact that we have been warning our clients all of the past week
and markets have behaved exactly as expected.
Selling pressure
seen in today’s session was across the board after many months and get ready to
be surprised with high volatility! News or events will follow once the
selling pressure continues from here on but that will be only after the move
has happened.
Subscribe NOW “The
Financial Waves short term update” and see yourself detailed analysis with
Elliott wave counts, Indicators and many other techniques applied together on
charts of Nifty and stocks. It is not very often to see such alignment of
indicators with strong confirmation from price and there is still much more
room to cover. It indeed looks like a beginning which will be against the
majority’s expectations and we have our written justification for the stand
taken! For Sample copy of
your research Contact US
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