Bank Nifty: Power of 61.8%! BANG ON!

Elliott wave, Neo wave and Time cycles are working amazingly well. We captured a move of 100 points on Nifty and 500 points on Bank Nifty in just a single day!

Below is the hourly chart of Bank Nifty showing detail analysis using Neo Wave and Fibonacci series.

Bank Nifty 60 mins chart:(Anticipated as on 28th November, 2018)

 

Bank Nifty 60 mins chart:(Happened as on 29^th November, 2018)    

(Below is the gist taken from The Financial waves Short Term Update” published in the morning of 29^th November, 2018 before market starts)

Elliott Wave analysis:

Anticipated:

Bank Nifty witnessed a buying interest post making a low near 25947 levels.

As shown on daily chart, we can see that prices have given a break above its resistance of 26400 and managed to sustain its grounds. From past 3 consecutive trading sessions it has protected the previous bars low. Wave (b) is ongoing on upside which has retraced 50% of wave (a) move. So, further break above 26585 can extend wave (b) towards 61.8% which is near 27000 levels. BANG ON!

As shown on hourly chart, Diametric pattern is under formation of which wave e is ongoing on upside. Break above intraday high of 26585 can extend wave e towards 27000 which is near its blue resistance trendline…..

Happened: We have been mentioning in our report the importance of 26000 level when prices showed a recovery from the lows of 25000 levels. Intoday’s session, Bank nifty has shown an exceptional rise. Prices indeed moved higher and touched 27000 mark.

At the same time Nifty also showed a strong rise and moved exceptionally well. It touched intraday high above 10880 the target we have been mentioning for quite sometime.

The following is the analysis done on Nifty 50 index in our equity report published in morning of 29^th November, 2018.

Elliott Wave Analysis:

In previous update we mentioned that “trend for Nifty is positive and we can expect a move towards 10750 levels. Further break above this will take prices towards equality target of 10870. Expect some volatility to take place due to the expiry.”

As shown on hourly chart, prices have completed wave b and are moving in the form of wave c and managed to sustain above the gap area. We are showing ADX indicator on the hourly chart this indicator shows the trend strength and this indicator has bounced from the support zone and is rising showing strength on the upside. One can trail their stop towards 10600 a break below which might keep prices in a range. On the upside a sustained move above 10770 will resume the upmove and take prices higher towards 10870. 

In short, Nifty can continue to move on the upside as of now. Trend will remain positive unless …..

Both Nifty and Bank Nifty moved brilliantly as per the pattern we have been anticipating. The wave theory is working it its best as of now and you should get access to daily research report to see how far can we move now. We turned bullish near 10000 and stayed on long side since then. The key is to keep riding the trend. So what is next?

To know what will be the next move of these indices as well as to get a clear trade setup on stocks subscribe our equity report published on daily basis in morning before equity markets start under the name-“The Financial Waves Short Term Update” – Get access here

Get access to Intraday advisory on stocks which are driven by the methods discussed in above research. Register here

Dr. Reddy: Application of Time Cycle!

In start of 2018 we predicted that this year Pharma and IT sector will be the out performer and similar is being witnessed. Dr. Reddy has shown an exceptional recovery from its low. We have been using Time cycle on various stocks as well as indices to gauge the timings of that particular stock.

Below is the daily chart of Dr. Reddy showing how we were able to predict when the next low will be!

Dr. Reddy daily chart :( Anticipated as on 22^nd November, 2018)

Dr. Reddy post making a low near 2390 witnessed a strong gap up opening and showed a whooping gain of 9% in the session of 21^st November on account of US FDA approval for its medicine, in the previous trading session the stock closed positive by 6% and was amongst the top gainers.

As shown on daily chart, Wave i or a is completed on the upside near 2675 levels and currently wave ii or b is ongoing. A break above 2675 will provide an indication that wave ii is completed on the downside and wave iii has started on the upside. We are showing two moving averages on the chart which is 20 periods and 40 period’s average. The short term average has crossed above the long term average and is sustaining above it which keeps the overall bias positive as long short term average sustains above the long term average.  

112 Days’ Time Cycle: We can see that 112 day’s cycle is working well and prices witnessed an up move each time post a low is made on cycle day. Recently also we have witnessed the same and an up move was witnessed exactly post a low was made near the channel support.

In short for Dr. Reddy, break above …………...for more get access to our equity report to know what will be the next move- “The Financial Waves Short Term Update”   

The above analysis shows how well this technique works. We also provide intraday basis call on derivative as well as equity cash segment using these techniques. To know more, Click here.

Adani Ports: How to capture move in range bound market!

One of the important aspects is to know what the real trend of the market is. Technical analysis provides you a clear view of market by studying the charts. This allows us to know which strategy i.e sell on rise, breakout or buy on dips; to apply for capturing the move.

Below is the chart showing detail analysis using Channeling technique along with Elliott wave to capture the move in this range-bound market.

Adani Port 60 mins chart:(Anticipated as on 16^th of November, 2018)

 Adani Port 60 mins chart:(Happened as on 26^th of November, 2018)

 

(Below is the gist taken from equity report published under the name of “The Financial Waves Short Term Update”)

Elliot Wave analysis:

Anticipated: Adani ports post witnessing a fall from 388 levels is showing some attempt for positive recovery, while just like every other stock it moved within the range and managed to break above the range yesterday. The stock managed to close the day with a gain of nearly 4.30% and was also among the top gainers in the Nifty Index. As shown on hourly chart, we are seeing complex corrective pattern under formation within which wave b of (x) looks to have completed near 330 levels but since prices are just breaking above the channel resistance it would be too soon to confirm the same; hence a break above 350 would affirm that wave c has started and prices could approach higher levels. In short, Adani ports looks sideways to positive. A decisive break above 350 can take the prices towards 365 or higher levels while a move back into the range would keep wave b ongoing that could result into sideways action! BANG ON!!

Happened: Prices moved as expected, giving a break above the important resistance of 350 and move towards higher levels of 365.

The above analysis clearly shows how well this technique works. Get access to our “The Financial Waves short term update” is daily equity research report covering Nifty and 3 stocks providing detailed analysis using Elliott wave and other technical analysis methods. Subscribe here

MCX Gold: Crucial role of Time Cycle in Capturing lows!

We have been using Time cycle across asset class along with Elliot wave technique. It helps in understanding the cycle of particular asset as well as teaches us in timing the market. We have been able to capture major low not only on major indices like Nifty 50 and Bank Nifty but also on major stocks and commodity.

Below is the chart showing detail analysis on MCX Gold using Hurst Time Cycle along with Elliott Wave technique.

MCX Gold weekly chart : (Anticipated as on 9^th November, 2018)

Following is the research taken from monthly report published in May 2018.

Hurst’s Time cycle 105 weeks: Time cycles are very important technical analysis study which is used to identify probable reversal in prices. Cycles are more important during the lows as different cycles get synchronized at lows. We can see this 105 weeks’ Time cycle working extremely well. Prices are forming important lows every 105 weeks and the recent low was also made near 28055 levels which was also the time cycle low.

Below is the detail analysis taken from monthly report published in November 2018.

In previous monthly update of MCX Gold we mentioned that “Gold can resume the multi-month up move once31600 is taken out on upside. We stay highly bullish on this asset for the target level of 34500 levels given the depreciation in INR and expected retracement in Comex Gold. Short term support is near psychological 30000 levels for this asset class!” Prices are moving in-line with our expectations and made high near 32336 levels.

As shown on weekly chart, bigger degree wave (4) is completed near 24500 levels and next leg of impulsive rise in form of wave (5) is ongoing on upside forming Ending Diagonal pattern. We can expect sideways action to continue as prices are quoting near channel resistance. Moreover break above 32455 levels on upside will continue the momentum towards higher levels near 34500 levels.

Let us see if the start of wave c down in global market provides necessary support to the Gold prices which can start moving higher in the form of wave iii of ending diagonal pattern towards ……levels. It is time to shift asset allocation eventually from equities to Gold… Time will tell if it start to glitter again!

See yourself the detail analysis about major indices and commodity in our monthly report published under the name of “The Financial Waves Monthly Update”- Check here

Learn how to apply this technique in just 2 days span in my training to be conducted on 24^th and 25^th November in Ahmedabad. Register now 

Nifty: Power of 55 days Hurst’s Time cycle! What will be the next move?

We have been using Time cycles for many years along with advanced Elliott wave – Neo wave analysis. It not only helps us to understand the probable counts but also time the market for major reversals. The top was captured amazingly using this cycle and low as well this time.

It is necessary to provide proof as there are many who make false claims. Now below is the gist of research we published on 8^th October in monthly research followed by on our website on 24^th October 2018. Read the following very carefully –

Time cycles: The cycle top was formed early and now the bottom is only by 1^st or 2^nd week of November. Volatility is going to be high and one has to be quick in booking partial profits and trailing remaining to make the most out of the ongoing trend. The next cycle low will be in November and before that we should start seeing reduction in volatility and some base formation. So, are we starting this bottom pattern formation?

In case you want to read the research published in October 2018 in totality – Here is the link

Nifty Time cycles anticipated on 8^th October 2018

Nifty daily chart: Happened so far

Nifty moved precisely as expected and continued to inch higher after forming a low. The base formation was indeed seen post the low formation and the November started with the positive bias as we expected. Time cycles cannot be more accurate than this.

Read below for yourself what we forecasted again on 8^th November 2018 -

Path ahead: As 55 days cycle is now reversing on upside there is a possibility that for 15 to 20 days we might see a positive bias on the market. This does not mean that the rise will continue to be strong. The ongoing up move is now wave b and will retrace a portion of wave a. We are showing Fibonacci retracement in figure 4 and 61.8% level is near ……. This is closer to the red channel and the left shoulder. Also the Gann level of 180 degree square is near …… levels. The high of prior month is at ……... So there are cluster of resistance levels near ………… and so the ongoing wave b might remain limited to this zone. Post completion of wave b we will see start of wave c on downside which will break ……….

The above clearly shows the power of Time cycles and if applied prudently it will assist in timing the market and on occasions to the day. Imagine if you are able to capture a turn after a fall of nearly 1700 points on Nifty just based on Time cycles. This is not new to us as we have a proven track record to capture the lows and tops time and again.

Get access now to the monthly research report – The Financial Waves Monthly update and see yourself the detailed analysis and where is the current rally going to fizzle out. Check here

Imagine the power when you combine Time cycles along with Advance Elliott wave – Neo wave. You can learn these methods for yourself in the upcoming training on Neo wave and Time cycles for the first time in Ahmedabad on 24^th & 25^th November 2018. Only a few seats left. Register here.

2 Diwali picks up 5% already, act now before its late!

I published a special research report of 4 stocks that has potential to provide nearly 40% to 50% of upside. These stocks are selected exhibiting strong fundamental, good MF holdings and showing a strong technical pattern.

These stocks are in primary degree wave 3 and so they can hold wonders even when broader markets are in doldrums. It is best to buy it when the opportunity is ripe.

Two stocks are up by more than 5% already in just 3 hours of trading session.

There is still time as the targets are very big. So do not delay buying stocks in 3^rd wave as they can be sharp and fast.

If you have existing access to our Multibagger research then get this research at 50% less value.

Get access now to the special 4 stocks research. Simply fill the form here

Did you register for the offer @50% which ends today for Intraday / Positional calls, Multibagger research report, Nifty / Bank Nifty calls? – Last day today if you still thinking – See here

Cheers,

Ashish Kyal, CMT

+91 9920422202

Which 4 stocks to pick up this Diwali that can give 40% returns?

Nifty had been all over the places over past few months but if you look at the closing on the previous Diwali period it was near 10146 and still prices are trading near 10500 levels. So over the entire year there had been a huge up move towards 11760 levels and low below 10000. In this volatile movement there have been only a few handful of stocks that managed to outperform.

Many ask me to give just one stock that will double in just over 2 to 3 months. I think it is more of gambling when you invest to double it that too on just 1 single stock that too over in 2 to 3 months. If you have a basket of 10 to 15 stocks systematically selected for the 3^rd wave impulse rise I am not ruling out the possibility of a few turning out to be leading the race but expecting that in just a few months is too much to demand and in current market scenario the theme is going to be revolving around protecting the captital. But if you can identify the ones that can still give around 40% to 50% returns in over one to two years it will still be outperforming all the asset classes.

Let me run you through a few of the stocks that we have been bullish on. Not every stock worked out the way but only a few will be responsible to drive your portfolio higher. The others might give minor profits or some losses. But the big runners will payoff for the entire struggle. It is therefore very important to create a portfolio of stocks that consists of atleast a few stocks so that even if 50% of them becomes a multibagger it will payoff for all the hard work.

Now let us look at a few stocks that we recommended.

Reliance Multibagger stock with 77% returns in just over a year!

See yourself the chart of Reliance Industries which rose from the level of 700 to 1236

Reliance Industries Weekly chart: adjusted for split (anticipated in April, 2017)

Reliance Multibagger stock with 77% returns in just over a year!

Reliance Industries Weekly chart: Happened

L&T Infotech

See yourself below chart of L&T Infotech which helped us to be bullish at 1390 levels and the stock touched intraday high of nearly 1917 in today’s session. That is a whopping 38% return in just over 6 months

L&T Infotech daily chart: Anticipated on 8^th March 2018

L&T Infotech daily chart: Happened as on 4^th September 2018

To name a few other stocks that gave returns of nearly 70% to above 200% have been Sundaram Clayton, Bajaj Finserv, Pidilite.

However these stocks managed to give exorbitant returns as the overall market direction also supported the strong rise. However, I am going to tone down a bit given that the markets are going to be in roller coaster ride over next 1 year or so. During this period which stocks you can pick up that has potential to give returns of around 40% to 50%?

We are publishing a special report this Diwali which will provide 4 stocks that has potential to outperform the market. The targets are conservative given that the main index can be in doldrums but these stocks has the probability to outperform. Always remember there will be risks involved and so one should use strict risk management strategy before entering.

So which are these stocks that are probably exhibiting strong Elliott wave pattern and has potential to stand the test of time when the markets will come down. You can know more about the Diwali special research report here

For more details on this research report you can also call us / whats app on +91 9920422202 or write to us at helpdesk@wavesstrategy.com