Nifty Gann Time analysis using square of nine!

The below research highlights on basic but important technique of Gann Square of nine to understand key reversal areas.

W. D. Gann developed many methods and cycles to look at the markets from a very different perspective. We are showing one aspect of his methods i.e. using Square of nine to forecast the key reversal areas. The figures shown in below chart are of calendar days and not trading days.

You can get more detailed explanation about this in video update – Timing the market with Gann

Nifty Gann Time chart:

In square of nine there are various angles that act as important support and resistance to prices. Similarly if we use those angles to derive the days it helps in timing the market. The above number of days shown on the chart is based on 90 degree angle. This angle has managed to provide important values on which Nifty has shown alternative tops and bottoms and also at times major tops and major bottoms. 

The article is not intended to explain Gann Square of nine in detail but to understand a research which is so independent to prices have been able to capture short and medium term reversals accurately. 

We took a step forward to combine Elliott wave theory and understanding if the studies can be synchronized to time the market to precision. In previous week video update I highlighted about wave b to start which was confirmed by Gann time of 34 and 139 days. Nifty has so far managed to protect the high made on Friday and has been drifting sideways probably in the form of wave b. Post its completion wave c should start on upside after few days of sideways or downside correction. It is amazing to see how two different methods can be synchronized to produce similar outcome that provides very high conviction. I will discuss more in detail about Gann Square of nine in subsequent articles. So stay Tuned!

Training - Power of combining Gann Time analysis with Neo wave - Learn yourself how these various powerful tools of technical analysis can be combined together to produce high probabilistic scenarios. For first time ever you will see how Gann Time analysis can be combined with Neo wave and other Time cycle methods. The training is scheduled on 18^th and 19^th March 2017. To enroll or for more information simply Contact US or call us at +91 9920422202 or write to us at helpdesk@wavesstrategy.com

 

Nifty Analysis - using Neo Wave Plot!

Bottom Line: Nifty had a strong up move after closing above the previous high of 8460 levels. Trend will remain positive unless we see close below previous day low.

Nifty daily chart: Neo wave plot

Nifty 60 mins chart:

Wave analysis:

In previous update we mentioned that "trend for Nifty is positive as prices managed to take out 8445 followed by 8460 levels. The next resistance zone is near 8550 and we are closely observing if Bank Nifty can manage to follow Nifty this time by taking out its earlier pivot highs"

Nifty had a positive opening in the previous session near 8500 levels and prices continued to show strong momentum throughout the day. Buying pressure intensified during final hour of expiry day with the pivot high of 8600 also taken out by closing. It is not very often to see such frenzy buying that too from stocks that normally are not top gainers - Kotak Bank, Bosch, BPCL, Adani Ports, ZEEL, HDFC. All of these stocks were the top gainers in Nifty that helped it cross above 8600 levels. It seems buying is now spreading to different variety of stocks. With the Budget scheduled on 1st of February volatility is going to be norm over next few weeks.

At times it is important to look at the chart using the precise Neo wave plot that highlights each wave movement very clearly. The daily chart shows the movement in the form of each mono wave that connects together to form poly waves. The entire rise from the lows of 7900 has been in the form of Diametric pattern that played out exactly as expected. Post that the correction was only in the form of wave x. We were expecting a deeper move given the Time cycles but it seems that only resulted in sideways action that protected 8320 level break of which was required for negative confirmation. The Gap area of 8280 - 8320 also remained protected that helped index to form wave x. We are showing the modified 0-x line which is the most important trend line now. Complex corrections are normally channelized and prices are approaching towards the upper end of this channel.

8670 - 8680  is now important channel resistance on upside and if Nifty has to move beyond this in a day or two then we have to see a near vertical rise with broader participation. Interestingly on Wednesday there were only 54% advancing stocks. Let us see if more broad based rally can pick up from here or Nifty after a Gap up opening start showing exhaustion signs near the channel resistance.

For now trend will remain positive as long as we do not see close below previous day's low. Ongoing leg is wave a after wave x and post its completion we will see few days of sideways or negative action in form of wave b. Important support is now near 8425 levels which is the channel support.

In short, trend will remain positive as long as 8425 level is intact. It will be important to see if Nifty can sustain the Gap up opening above the channel resistance shown on daily chart which is near 8680 levels.

The Nifty Analysis is published daily in our Research Report, "The Finacial Waves Trading Update" before market opens. For subscription options, simply visit the Pricing page and select “Equity research report” and Period as 12 months to avail this offer which is INR 24000 /- worth of FREE research report. We will take it from there! Get prepared for a roller coaster ride!!! For more details Contact US or write to us at helpdesk@wavesstrategy.com

Most Advanced Technical analysis Training on Elliott wave, Neo wave and Hurst's Time cycles- Identifying trading opportunities with various indicators

Elliott Wave, Neo Wave and Time Cycles are one of the most advanced concepts of technical analysis.

Equity markets have continued to move in complex patterns. 2016 was a year of consolidation as Nifty settled in December 2016 where it started the year. However, during this period there were plenty of opportunities as prices moved all the way from 6825 to the highs of 8970 and back towards 7900 in December 2016. So there were huge swings that one could have capitalized provided he or she had the right tools to understand the market movement.

Trust me trading involves combination of skills across Technical analysis, Risk Management, Money management and Mental strength - Psychology. I will be sharing across my personal experiences involving pitfalls a trader should be aware of and belief in the methods or techniques that helped me to be against the crowd at important turning junctures which was responsible to pay off for all the hard work and efforts.

Many believe that keeping it simple is the key to trading success but only if markets were moving in a strong Bull or Bear trend where buying on dips or selling on rallies is the brilliant strategy. 

However, when we are witnessing huge swings but hardly any progress in either direction on net basis learning advanced methods is utmost important. It is during such phases I built up my expertise on Elliott wave, Neo wave and later timing the trade with the help of Hurst’s Time cycles.

Time is the essence for everything. It is applicable not only to our day to day life but for freely traded markets as well. A good trade setup if not timed properly can still result into a serious loss. There are very few technical analysis studies that focus on Time since most of the techniques are driven by Price alone!

The course is designed to aim at the following aspects of trading:

1. Best Trade setups to enter the market

2. How to make the most of the position by timing the exit

3. Know when not to trade – A key to trading success

4. Applying multiple techniques along with Elliott wave for high conviction trade setups

5. Time cycles – A very important element to help reduce the number of probable scenarios to nearly one!

6. How to keep the profits intact after a winning streak…

Ashish Kyal, CMT will be conducting Most Advanced Technical Analysis Training – Neo wave and Time Cycles in Mumbai on 18^th – 19^th March 2017.

About Trainer:

Ashish carries vast experience of analyzing World Equity, Currency and Commodity markets using techniques like Elliott Waves, Neo wave,Time Cycles, and momentum tools like RSI, MACD, Moving averages, customized indicators. He is a frequent speaker on business channels like ET Now, Zee Business, CNBC TV18, Bloomberg TV.

Ashish also speaks at financial seminars like Market Technicians Association (MTA - USA), Association of Technical Market Analysts (ATMA), National Institute of Bank Management (NIBM), Sydenham Management college. He is on the selection panel of GDPI for premiere B- Schools and invited by Somaiya Institute of Management Studies and Research to speak on Entrepreneurship. He has also been invited as a guest speaker at National Stock Exchange of India (NSE) for the Post Graduate Certificate Program in Financial Economics.

Training Details:

This training would cover Advanced Technical Analysis Concepts – Elliott Wave, Neo Wave and Time Cycles. Practical application of these advanced tools along with charts on Equity, Commodity, Forex and Global Markets.

Contents:

1. Overview of Elliott Wave

2. Neo Wave – Difference between Elliott wave and Neo wave

3. Methods to plot Neo waves on charts for clear wave identification

4. Combining this with Bar techniques, Indicators, Trader psychology

3. Two stage confirmations for capturing key reversals

4. 5. Newly discovered patterns – Diametric, Extracting Triangle, Neutral Triangle

7. Cycle Analysis: Time the market with accuracy using Time cycles

8. Trade setups, Application of the concepts on charts

9. Momentum Stock selection for Intraday trades with exit strategies

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The training is ideal for those who want to analyze and understand Equity / Commodity / Forex markets in detail. Traders or investors who want to learn on how to build their investment portfolios or do trading for living. The course is designed for anyone and everyone keen to learn systematic way of trading using scientific approach. The only pre-requisite is passion for learning objective method of trading.

WHO SHOULD ATTEND?

§ Members of Equity, Commodity, Currency exchanges

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Where and when is the course?

The training is at Hotel Grand Sarovar Premiere, Goregoan, Mumbai. This belongs to 5 star category having chain of international hotels and the fees are including Tea / Coffee and Lunch.

Dates: 18^th and 19^th March 2017

Training Duration: 16 hours (8 hours per day)

Registration Fee:

The charges for the Training are Rs. 23000 + 15% Service tax. Register before 31^st January 2017 to avail Early Bird Offer – Discounted price along with access to Free research for limited time, Elliott wave crash course videos before the training itself. Confirm your seat today!

If registered after 31^st January 2017 charges would be Rs. 26000 +15% Service tax

Limited seats, Registration is on first come first basis.

Refer a friend and get 10% discount

After the course :

1. One Month of free Nifty Neo wave research report to understand the practical application on realtime basis

2. Instant interaction on Discussion Forum at www.wavesstrategy.com

3. All participants will be entitled for 20% Discount on any of our research products after the course for 1 month subscription

4. Training Certificate on Elliott wave, Neo wave and Time cycles

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To register for the training using either Credit Card or Netbanking visit http://www.wavesstrategy.com/Payment.aspx  and mention Product as “Neo wave Training” and period as “1”

For any other details call us on +91 22 28831358 / +91 9920422202 or write to us at helpdesk@wavesstrategy.com      

Testimonials    

• I was the last candidate getting into Mr. Ashish Kyal webinar and I was very lucky to have boarded to me as his classes were how my first teacher taught me a b c d he was clear precise and ensured that even a layman like me understood every minute thing about being technical and about the wave patterns. He covered what could be termed at school a dry subject with so much of passion and created an auto instinct in students like me to be glued to what was an absolute transformation of how we look at charts. In fact I have become a fan of my guru and will be part of his journey here on ... Continue your good work. You are very genuine in what you are doing in this world of fake people My name is Subramanian Mahalingam My qualification is I am BCOM, ACA Grad, CWA and Masters in Oracle Financials I am CFO of an Infra company and group with topline of 1000 cr.

       - Subramanian Mahalingam, Telengana

• The simplification of complex subject of "Elliot Waves" and combination of Elliot Waves with Classical Technical Tools are not only Awesome, but Unique too. I've thoroughly enjoyed Mr. Kyal's Seminar at Sarovar Premier Hotel, Bombay during 13th & 14th October, 2013 because of his Flawless, Plain (Jargon free) and Lucid Language. Best of all I liked his virtue to teach what he really performs in his real professional life.And last, but not least, Mr. Kyal's Seminar was the Best of All Seminars I've ever attended

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• Myself Sameer. Just want to share my feedback. From last 7 years, I am doing full-time trading in F&O segment (Nifty & Bank Nifty) using my technical study and Elliot wave counting. I attended 2 days Neo Wave seminar on 1st March at Goregaon. The session and teaching by Mr. Ashish Kyal was excellent. The topics covered in session e.g. new Neo wave patterns, new Elliott rules, 2 stage confirmation and Time Cycles were very useful. Today I applied these techniques on Nifty and Bank Nifty (Daily & 60 Min charts) and its working perfectly fine. I am very much satisfied with the course. Just want to say Thank You for sharing such valuable knowledge. I have also subscribed for your daily mail service on Nifty EOD and Elliott view. From last 3 months, I am reading these mails daily. I always verify my own analysis with your mails, before taking any entry in market. The accuracy and success ratio of your mails (analysis) is more than 98%, which is excellent. Thanks again.

      - Sameer Dharaskar,Mumbai

Webinar- Nifty: Are we headed for a Crash in 2017?

Nifty has been moving in lines with our expectations and Neo wave is helping us to forecast the trend. Subscribe now to “The Financial Waves Short Term Update”which covers Nifty and 3 stocks with in-depth research. For more information visit Pricing Page

Attend the most Advanced Training on Technical analysis – Trading using Neo wave – Advanced Elliott wave and timing the key reversal areas using Hurst’s Time cycles. The training will be held on 18^th and 19^th March in Mumbai. For more details Contact US or write to us at helpdesk@wavesstrategy.com or what’s app us on +91 9920422202 call on +91 22 28831358 and avail early bird offer!

Nifty: Neo wave analysis - Is it Diametric pattern?

Understanding Nifty short term pattern applying Advanced Elliott wave – Neo wave theory to forecast the next trend. Pattern recognition becomes extremely important for successful trading.

Indian Equity Market has started the year of 2017 on a positive note. From the low made in the last week of December 2016 at 7890 level, prices have moved higher towards 8210 level till now. In the previous article on Nifty published on 30^th December 2016 we clearly mentioned that Nifty should continue to move higher despite all the pessimism and bearishness. We believe that Elliott wave patterns help to capture important reversal areas irrespective of the events that only produces short term random moves.

We are closely keeping on tab on Nifty’s price structure along with time taken by each segment to know the pattern under formation. This helps us in forming different strategies so as to leverage from ongoing pattern.

For option traders it is most important to know that whether current trend is going to be sharp or will it take more time to move higher?. Below is the part of research taken from “The Financial Waves Short Term Update” of 2^nd January 2017 which indicates that there is high probability of Nifty forming Diametric pattern which is 7 legged pattern defined under Neo wave.

Nifty 60 mins chart:

(Part of research published in the morning of 2^nd January 2017)

Wave analysis:

Nifty continued to move higher on last day of the year and touched intraday high of 8197 levels. There was a minor Gap up opening which was sustained throughout the day. As mentioned in earlier updates the short term trend for index is positive as long as we do not see break of support levels. The steepness of the rise can also be attributed to short squeeze as majority of traders and analyst were bearish when Nifty formed double bottom two days back.

Nifty is closing the year with a mere gain of 240 points which also came in last 3 days of the year. This only highlights the fact that how detrimental Time correction can be even when prices were all over the places during this period. The swing high in 2016 was 8969 and the swing low was at 6825 levels. So Nifty covered a whole 2144 points but only to close with minor change year on year basis!

First quarter of 2017 can be highly volatile and January can see huge swings in either direction. The reason being Time cycle of 54 days as well as 108 days are both in sell mode and prices are in a hurry to complete this up move. We are now 34 days old in the 54 day cycle and selling pressure will intensify post ………..

Now looking at the short term chart, as wave b did not consume much time there is high possibility that we are seeing a Diametric pattern on upside which will be 7 legged correction and prices are now in wave c of a-b-c-d-e-f-g structure.

In a nutshell, 2017 will start on a positive note but eventually the rally might fizzle out and selling pressure can start building. But for now over short term trend remains positive with ……as important support and ….. as the next level to watch for on upside.

Nifty has been moving in lines with our expectations and Neo wave is helping us to forecast the trend. Subscribe now to “The Financial Waves Short Term Update” which covers Nifty and 3 stocks with in-depth research. For more information visit Pricing Page

Attend the most Advanced Training on Technical analysis – Trading using Neo wave – Advanced Elliott wave and timing the key reversal areas using Hurst’s Time cycles. The training will be held on 18^th and 19^th March in Mumbai. For more details Contact US or write to us at helpdesk@wavesstrategy.com or what’s app us on +91 9920422202 call on +91 22 28831358 and avail early bird offer!