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Friday, July 30, 2021
Special Event - Trade F&O Using Patterns with Volume Profile
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Stock Picks For Today on CNBC TV18 30th July 2021
Thursday, July 29, 2021
Nifty: Pattern, MACD, Rate of Change Indicator All In One
Nifty Expanding Pattern is a classic technical analysis pattern that results into breaking of previous highs or lows without any meaningful trend. This is the reason why even after breaking important support or resistance prices are not moving in any direction.
Let us see on Nifty 2 Hourly chart this pattern along with different indicators:
Nifty 2 Hours chart:
Analysis: During sideways movement it is important to see the oscillator or indicators that can provide reversal areas. We can see that prices are breaking the important supports or resistance but the indicator is still providing reversal clues. We are showing two indicators below the price plot – MACD and ROC. The period of an indicator should be selected on basis of the cycle that it follows. However, over here for understanding purpose we are not tweaking the parameters
MACD, Indicator clearly shows a contracting behaviour where the indicator itself is forming a contracting triangle pattern despite of prices forming expanding pattern. A breakout on the indicator along with price confirmation will increase the conviction that the trend in the direction of breakout has started.
Rate of Change indicator: This indicator shows classic movement between the overbought and oversold region or rather both extreme levels. The upper end of the range is near 1.3890 and the lower end is at -1.6103. One can look forward for buying opportunity near the oversold state and selling opportunity near the overbought state. This strategy has to be confirmed along with the Price pattern or CandleStick formation as well as it is the prices that we are trading and not the indicators. This will save a lot of traders from falling into the pitfall of giving more importance to indicators over prices. Highlighted green and red region on the chart is an Ichimoku Indicator and we will revisit this in subsequent research.
In a nutshell, we can clearly see that by applying these simple methods of Indicators along with prices one can take trades effectively.
WSA Exclusive Offer 2021 – Subscribe to the daily research report and get access to such advanced concepts of Technical analysis with Elliott wave charts. Get access under the special offer and get 30% lower price for combining different research products. Get access here
Do you know the correct way to apply Indicators that can sky rocket your accuracy? Now you have the opportunity to learn these simple powerful techniques from Ashish Kyal, Author (International Book), CMT – USA and equip with this tools like Volume profile, Open interest analysis, Option Trading strategy and Trend following systems in upcoming training on 7-8th August Master of Technical Analysis Season 2.2 (MOTA S2.2) Early Bird Ends tomorrow, Act now if you want to be a profitable trader and apply the science in the way it is supposed to be. Contact +91 9920422202 or Register here
Monday, July 26, 2021
Nifty Volume Profile Analysis on Hourly Charts
Volume Profile is a simple and very interesting technical analysis method that can help to understand the activity behind the scenes in terms of institutional traders.
This is simple but powerful method that can enhance the accuracy of trading giving all together a different insight and conviction for taking a trade.
There are different shapes to Volume profile named “D Shaped”, “P Shaped”, “b Shaped”
Volume Profile:
We can see a D shaped profile above. The Magnet line which we have talked about in many webinars has continued to work amazingly well and prices are continuing to cling to it despite of events or global market movement.
The lows and highs made is very near tot eh highlighted grey area high and lows of the profile. This also adds to the fact that these are important support and resistance and we need to break away from the Magnetic pull by breaking the levels above 15920 or below 15620 for a clear trend to emerge.
Basis of this simple concept of volume profile one can make out zone of strong support and resistance where the volume profile is highest and if price acceptance above that zone hints towards bullish sign. However, one can further combine this along with Ichimoku cloud and other intraday techniques to enhance the conviction for trading.
In short, Volume profile is a powerful tool that can be adopted by traders to get a peek into what are big players or institutional traders are upto and then ride the trend in that direction. We are yet to see a clear breakout or breakdown here and once that happen a strong trend will emerge. Keep tracking volume profile but do not forget to combine it with Open Interest Analysis, Patterns and Elliott Wave for a complete trading system.
WSA Special Offer 2021 – Subscribe to the daily research “The Financial Waves short term update” and get access to such advanced concepts of Technical analysis with Elliott wave charts. Get access under the special offer and get 30% lower price for combining different research products. Get access here
Learn the Science of Trading and see how simple methods like Volume Profile with Open interest analysis can be combined to form effective trading strategy in this Season 2.2 of Become Market Wizard (BMW). Season 2.2 will be different than earlier and will cover topics which are simple but powerful required for profitable trade setups. No prior knowledge required. Early Bird Ends soon and only Limited Seats available. It is time to become a profitable trader. Early Bird Ends in 4 Days. Know more here or Contact / Whatsapp +919920422202
Friday, July 23, 2021
Nifty Intraday Trade Strategy using Ichimoku Cloud! by Ashish Kyal, CMT
Thursday, July 22, 2021
Stock Picks For Today on CNBC Awaaz 22nd July 2021
Wednesday, July 21, 2021
Why Nifty Can Crash if 15500 Breaks! by Ashish Kyal, CMT, Author
Thursday, July 15, 2021
Nifty 18 Days Time Cycle with CandleStick Breakout Strategy
Option Traders have been writing both Call and Put options assuming a tight range bound movement on Nifty over past many days.
In our latest webinar on 11th July 2021, we clearly showed 18 Days Time Cycle and mentioned a positive breakout to happen when Nifty was only at 15680 levels. From there prices have already climbed by more than 250 points. So, we anticipated a positive breakout when majority were busy trading the range.
Below video clip explains why we turned bullish using this simple method of Time Cycles with CandleSticks, see it yourself to believe it:
Nifty 18 Days Cycle Explained:
Happened: Nifty moved from 15680 to 15940 levels already now. It is amazing to see how brilliantly these techniques work and this is how institutions and big funds keep a tab of time. We want to ensure that this simple method of timing the market is available to everyone who wants to trade using scientific approach and prudent risk management strategies. Nifty has moved by more than 250 points from there and participants of that webinar are already deep in the money if they acted based on charts and methods and not on basis of any news.
Do understand for me to give out something this valuable requires a few months of time so that you can derive the Time by yourself. In the upcoming Mentorship program starting on 17th July 2021 we are going to give you the necessary tools required to be a successful trader in every way with a complete Trade plan, Risk & Money management strategy, Handholding, Option Strategy and much more. 2 Days to go: ACT NOW, Simply Contact +919920422202