How to become an Expert Trader?

Which technicalanalysis method work best? I personally use combination of methods #Elliottwave #Timecycles #Ichimoku Cloud. Learn these methods here.

Nifty: How Ichimoku Cloud can provide Elliott wave pattern confirmation?

Elliott wave is the most important forecasting engine that we use in order to derive the price targets with crucial stop levels and the path prices can follow. At times when the wave pattern becomes complex it is important to combine powerful indicators like Ichimoku Cloud that can further increase the conviction on the given Elliott wave pattern.

On 22^nd March we published the webinar on how Ichimoku is sending the warning sign and we are seeing a move of more than 120 points down on Nifty today – check the webinar here

Now see the below chart of Nifty that has the Elliott wave pattern and the Ichimoku Cloud combined together:

Nifty 30 minutes chart:

If you observe closely there is lot of information on the above chart. Nifty has broken below the Cloud of Ichimoku indicator which further confirms that the uptrend which started from 10700 is complete at the highs of 11572 and the fall is a bigger degree move. Had it been another wave x we would have seen bounce back from the cloud which did not happen.

Any pullback on upside can now be restricted to the cloud. The same was intact throughout the uptrend and so we were in buy on dips mode. Now as prices have shifted below the cloud we might now be entering into sell on rallies and so one need to change the strategy accordingly. This is vital information for forming a trade setup.

In addition to above there is a lot more clarity that Ichimoku provide when combined with Elliott wave counts. We have just shown a few ways in which it can be used.

Attend the Most advanced Training on Technical analysis – Elliott wave, Neo wave combined with Ichimoku Cloud and Hurst’s Time cycles scheduled on 6^th and 7^th April 2019 at Hotel Radisson, Mumbai. Only a few seats left. Also get 6 hours of Elliott wave training video links before the training. Register here

“The Financial Wave short term update” our flagship product providing clear Elliott wave pattern on Nifty, Bank Nifty, stocks along with key levels one can look for a good trade setup. Subscribe here

BEML: Captured 4% return in form of wave c!

We have been bullish on this stock when prices reversed post making a low near 520 levels and started making higher high higher low formation. We have been using Elliot wave theory coupled with Fibonacci extension to project where the possible high will be. This stock managed to make an intraday high near 980.65 levels.

Below is the chart showing detailed analysis published in our research report -“The Financial Waves Momentum Update.”

BEML Hourly chart:( Anticipated as on 13^th March 2019)

BEML Hourly chart:( Happened as on 13^th March 2019)

(Following research is taken from Momentum report published on 13th of March 2019)

Momentum stock recommendation: BEML

Buy Price – Buy above931

Time Horizon –Not Applicable

Investment – 5% of capital

Target price –………………..

Stop loss–860

Partial Profitlevels-969

*Trail stop to cost after booking partial profits to ensure capital protection*

Wave analysis:

BEML had a serious correction from 1950 to 550 levels. However, after forming an important low near 550 we are seeing a strong positive retracement and prices have managed to move back above the 23.6% of the fall. This indicates that medium term low might be in place and we can see retracement towards 38.2% level or higher.

As shown on hourly chart, the rise post completion of wave b looks to be impulsive in nature and looks to be in the form of wave c of Zig-Zag Correction pattern. Prices are expected to move towards 969 which it’s the partial profit level which comes near 61.8% projection of wave a followed by ….. which is the target level and comes to 76.4% projection of wave.

One can keep a stop near 860 which is the low of wave (iv). Any move below this level will indicate that wave (iv) is not yet over and is still ongoing.

In a nutshell, BEML might provide good trading opportunity over short term and we can expect a move towards 969 (partial profit levels) followed by ….. (target level). Use strict stop of 860 in case the broader market starts moving lower. Also it is advised to enter the stock above 931 which is the buy level above immediate resistance.

Happened :Price moved exactly as expected and showed a solid gain of 4.5% above the price of trade initiation within a day ! the stock made a high of 980.65 in the day and achieved out target of partial profit level at 969.

The above research clearly shows how one can capitalize the study of Elliott wave and ride the ongoing trend. To know more about our next pick and to ride the trend in outperforming stocks you can get access to our report named “The Financial Waves Momentum Update”- Get access now

Also learn the above techniques in my upcoming training to be conducted on 6^th and 7^th of April 2019 and equip yourself with the necessary tools that can give you the power of forecasting right from few minutes to long term investments. Register here

Nifty - Neowave, Get ready for BIG trend!

Nifty and Bank Nifty are again arrived near the important resistance level. How to trade from here?

You can see the detailed analysis on Nifty Neo wave pattern in this webinar – Get ready for Bigtrend!

Only 1 day to go for becoming one of the best traders – BMW (Become Market Wizard) seminar starts tomorrow in Mumbai. For more details, contact us at helpdesk@wavesstrategy.com or call us on +91 9920422202

Congratulations Himanshu Mehta for guessing Nifty close today at 10863! BANG ON! See all the guesses here in Trader’s Forum

Cheers,

Ashish Kyal, CMT

+91 9920422202