Many believe in keeping it simple to trade. I wish if markets moved in non – complex structure it would have been easy to make a killing! As the movement is the outcome of collective psychology of the crowd it is not easy to measure by using just one basic indicator.
I combine the best of the techniques irrespective whether it belongs to fundamental, technical or any other genre that you classify. It does not matter as long as it helps me to increase the accuracy of research and trading.
Below is the chart picked up from the daily equity research report that shows short term Elliott wave counts along with Expanding pattern, Relative strength index (RSI) indicator.
Nifty 60 mins chart:
Part of the below research is picked up from daily report – The Financial waves short term update
Nifty had a Gap up opening in the previous session and prices continued to rally throughout the day. The beaten down sectors and stocks were the major gainers and the Smallcap index was up by 2.31%. It is interesting to see how fast the sentiments can change. The major move on the downside was due to lack of buying interest and now over two days Smallcap index has gained by more than 4%. So as a trader one has to be fast enough in booking profits and changing the stand else you can get stuck in a winning position.
As shown on daily chart, (shown in actual research report) Let us see if there is some consolidation again from here to digest the rise or a strong momentum emerges that will break above the upper end of the bands.
As shown on hourly chart, there is possibility that wave b of wave g is over at the lows and wave c is ongoing. This we will keep as preferred scenario as long as the Gap near 10700 is protected. Move below …… will increase the odds that wave b is not over but forming an Expanding triangle pattern. The reason for citing this as a possibility is because one more Time cycle is bottoming out in next 4 trading days and so this scenario cannot be ignored.
RSI has also entered into the overbought zone. In entire May RSI has failed to decisively break above 77 and has reversed from there multiple times. This indicator is now back towards the same zone and so some consolidation or minor dips can be expected.
In short, ……
The above research clearly shows how various techniques are combined together to derive a view. As the cycles near the bottoming phase it is time again to be ready to pull the trigger. We will be mentioning it in daily research report the key levels and trade setup not only on Nifty but on Bank Nifty and stocks as well. Subscribe NOW
Learn the above methods yourself and derive the ideal trade setup. Attend the two days training on Elliott wave, Neo wave and Time cycles and get the ability to forecast the market and trade profitably.
Registration Fee: Investment for the training is Rs. 24999 + 18% GST. Register before 25th JUNE 2018. You can avail following by registering under Early Bird Offer-
Discounted price along with access to –
- Free Elliott wave training CDs (worth 4000+ 18% GST including shipping*)
- Free access to daily Nifty research report till 25th JUNE 2018
- Free access to Mutual Funds report and where to Invest guidance till 25th JUNE 2018
- Free access to Bank Nifty Elliott wave research till 25th JUNE 2018
So, as soon as you register under Early bird offer along with discounted price get special access to above. Sooner you do the more time frame you will get for above valuable Elliott, Neo wave research.
If registered after 25th JUNE 2018 charges would be Rs. 28000 +18% GST
Limited seats, Registration is on first come first basis.
Click here to REGISTER NOW!
No comments:
Post a Comment