LT: Giving 66% returns, How to identify Multibagger stocks?

 

We published about LT in August 2022 and predicted possibility of Multibagger returns in coming 2-3 years. Check out the research we had published on 24th August itself – This stock has managed to hold its gain and gave more than 66% returns in one year of span and made a life time high of 3009 levels.

Larsen & Turbo (LT) Weekly Chart as on 24th August 2022:

Larsen & Turbo (LT) Daily Chart 24th August 2022:

Multibagger stock recommendation: Larsen & Turbo

Buy Price – Buy at CMP 1880 and more on dips to 1692

Time Horizon –2 to 3 years

Investment – 5% of capital

Target price – ??

Stop loss- ??

Anticipated as on 24TH August 2022– Elliott Wave Theory:

On the weekly chart of Larsen & Turbo (Figure 1), prices are moving in an impulsive fashion. Prices have broken a channel resistance and continued to move higher. The long consolidation from 2008-2020 was wave 4 unfolding in the form of bow tie Diametric pattern. After completing primary wave 4 near the lows of 660 level, primary wave 5 is moving on the upside. 40 Exponential Moving Average (EMA) is providing good support to the prices at regular intervals. The support as per the average is placed near 1700 levels. Any dips towards the mentioned level can be used as buying opportunity.

Time cycle of 89 days: The 89 days Cycle is working extremely well on the stock and as you can see on the daily chart, many reversals have been formed on this cycle. The next cycle low is likely to due on 19th September 2022.

Happened as on 14^th September 2023

Happened– The stock has been moving in sync with our expectation and currently quoting near 2931 levels. It has touched its 52-week high near 3009 levels in the month of September 2023. The up move has been strong and we expect prices to achieve its target of...levels in coming months. The stock is giving a return in excess of 66% average return in one year of span.

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Elliott wave with Ichimoku Cloud – Best Indicator to Trade!

Elliott wave – Neo wave has helped us to stay on the buy side all the way when prices broke above 19430 levels.

We have been mentioning it in our daily research report – The Financial Waves short term update complete Nifty path using the concept of Elliott wave – Neo wave.

Two indicators along with Elliott wave that works best is Ichimoku Cloud and KST (momentum indicator)

Nifty 15 minutes chart

Elliott wave and Neo wave is GPS of the market that provides forecasting ability and ability to trade with an edge.

As shown in above chart post the rally that started from 19224 prices managed to break back above the Ichimoku cloud to the levels of 19600 where it completed wave (a).

Pos that prices moved lower towards support of the Cloud and completed wave (b). The best trade setup for positional trade was when prices again bounced back from cloud support and broke high of wave (a) thereby confirming start of wave (c) higher in the form of Diametric pattern.

Why Diametric – As per Neo wave logics, when wave (b) takes lesser time as compared to wave (a) we can expect Diametric pattern to form. This is a 7 legged pattern labeled as a-b-c-d-e-f-g. Prices are currently only in wave c and so many more legs are yet to unfold taking prices to new highs.

Wave (c) target on upside if we measure 1.618 times of wave (a) is near 20070 levels. This is on basis of guidelines and not rules. On downside, lower cloud support is near 19700 levels and so dips can be used to buy the index as long as this level is intact.

Gann square of 9 Targets – We have derived Gann levels of 19391 and 19952. Prices moved from 19391 to the next Gann level of 19952 in just 6 days of time.

In a nutshell, we turned bullish near 19430 levels and prices have already rallied by 500 points. This only shows power of Trading using science of Neo wave with Ichimoku cloud and Gann square of 9.

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Trading Using Elliott Wave – Neo wave Diametric Pattern

 Elliott wave and Neo wave is GPS of the market that provides forecasting ability and ability to trade with an edge.

Below charts show Nifty and Bank Nifty Neo wave counts discussed during the live session of Mentorship.

Nifty daily chart: as per Neo wave plot

Nifty Neo wave on hourly chart: Anticipated on 5^th September 2023

Bank Nifty hourly chart: discussed during mentorship session on 5^th September 2023

Nifty Neo wave plot is shown as first chart. There is a unique way to draw charts as per Neo wave method and it gives immense clarity to understand the price movement as each and every wave becomes distinguishable.

As per the counts prices moved up from 17060 levels in Diametric pattern followed by x wave and now a possible triangle pattern is ongoing. The overall view is bullish as prices will rise in form of wave c post completing wave b at the lows of 19224 levels.

Nifty second chart was discussed during the Mentorship session along with possible outcome as per Fibonacci retracement method.

2 stage faster retracement – This is one of the most important concepts of Neo wave. As per this concept we will get strong confirmation that the meaningful low is in place and prices have started the upward journey. This was obtained as soon as the starting point of wave f was taken out.

Bank Nifty Neo wave – Bank Nifty pattern was discussed during live session of Mentorship where we expected a positive breakout as the entire down fall looked completed. Bank Nifty moved from 44408 levels making a high of 44915 on 7^th September itself when majority were expecting a fall.

Both Nifty and Bank Nifty moved precisely as per the studies of Neo wave. Infact, Bank Nifty has just given a breakout from the inverse Head & Shoulder pattern which we call as Extracting Triangle in Neo wave terms.

Target derivation – With understanding of Neo wave patterns one can derive the targets using Fibonacci levels and retracement. 61.8% retracement target was at 19700 levels which got achieved precisely as expected on Nifty and the 80% retracement level gives target of 19840. These targets are derived on basis of post pattern implication of Neo wave Diametric.

In a nutshell, by combining Neo wave, Hurst’s Time cycles and Ichimoku Cloud it is possible to form powerful trade setup of forecasting and trading with higher profits at lower risk. 

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Crude Oil: How to identify precise targets using Wave theory and Time cycles.

It’s possible to forecast almost precise targets months in advance using Neo waves and Time cycles. Check for yourself how we analysed such move in Crude Oil a month ago.

The following research on crude oil was published in “The Financial Waves Monthly Update” on 14^TH August 2023.

MCX Crude Oil Weekly chart (As of 14^TH August 2023)

MCX Crude Oil 115 Days’ Time cycle (As of 14^TH August 2023)

Wave analysis as on 14^TH August 2023.

Crude is trading near the three-month high due to tightening of Global supply and strong demand in countries likes US. So, prices can continue to surge higher in coming months. Since December 2022, MCX Crude Oil was moving in a consolidation. Prices recently gave breakout of the consolidation and till date managed to stay above it. Let us understand view for MCX Crude for coming months.

Crude Oil weekly chart: -We used the bar technique approach on the weekly chart. As we can see, prices have not closed below the preceding week’s low since the beginning of July, which is a positive indication. Crude is currently trading near its swing high which is near of 6805 levels. If the price closes above its swing high, then it will be a good indicator for this asset. Because of this surge, the price was able to break out of its Multi month range of 6200-5550. Also, the prices, which was previously trading in a downward sloping channel, has broken out of it and is now trading above it.

Time Cycle: - 115 period time cycle is working well on the daily chart of this commodity. This Cycle has been working exceptionally well in order to catch lows in every 115 days. The low formed near 5529 levels were wave g was completed was also on our cycle and since then we can see that the commodity has shown a good rise.

In a nutshell, trend for Crude Oil remains positive. One can continue to use buy on dips approach to ride the trend and then we can expect prices to move upward towards 7100. While on the downside, 6500 can act as a near term support. Any breach below 6500 will be a sight of concern. 

MCX Crude Daily chart Happened as on 5^th September 2023

Happened: MCX crude oil was trading near 6868 levels when we published it. Prices took support precisely near 6500 levels and bounced back from it and achieved our target of 7100 and made high of 7121. For now, one can continue to ride the trend buy using buy on dips approach.

In short, the above analysis clearly shows how well the cycle theory works. We have been using these techniques by combining it with Neo wave and simple price action!!!

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Gann Square of 9 – Trade Using Gann Price Action and Elliott Wave!

Gann Square of 9 is simplest way to identify Price action support and resistance area.

Nifty has been following this Gann square of 9 levels prudently. These levels also act as magnet or mean reversion.

Nifty Daily Chart – Gann levels with Neo wave

Gann analysis

Nifty has continued to rise since the low formed near 17060 levels and every rise has paused around Gann square of 9 levels marked as red horizontal lines.

The top formed at lifetime high levels is also 19990 which is near Gann square of 9 levels.

The fall after that halted near the magnet 19391 that we have been talking about since many weeks.

So the low near 19220 is crucial. These Gann levels act as magnet in pausing the up and the down move and prices start oscillating around it. Easiest way to trade this is to sell Options around this levels.

Elliott wave – Neo wave analysis -  The entire rise on upside has been in double corrective pattern and prices formed Diametric – x – Triangle (ongoing). So we completed wave b of a Triangle and prices can be in wave c. We can expect price movement back to 19750 – 19800 levels as long as the low formed below Gann level near 19220 remains intact.

This way by combining simple Gann and Neo wave pattern trading can be extremely interesting as it combines the power of Price action along with Neo wave techniques.

Options trading can take a different league as one can form prudent strategy on basis of above.

Master of Wave (MOW) – Elliott wave, Neo wave, Gann sq of 9 and Hurst’s Time cycles are the best advanced concepts of Technical analysis that I have ever used. Ensure to learn this science of trading in online event scheduled on 16^th – 17^th September 2023. Pre session videos, 5 Bonus videos for lifetime, 6 hours of Elliott wave videos for 1 months, Gann special video access will be given in addition to the actual live training. Limited seats only, Bonuses valid only for limited time. Fill below form for more details: 

How to catch Momentum using Ichimoku cloud and price pattern

 It is possible to capture good moves in stocks using price patterns along with simple indicators like Ichimoku cloud. See how we identified such move in WELSPUNIND.

Ichimoku cloud - The Ichimoku Cloud is a technical tool that indicate the support and resistance, identifies trend direction, gauges momentum and provides trading signals.

The Following research is picked up from our daily Equity Research Report which our subscribers receive pre-market every day.

WELSPUNIND Daily chart as on 01^st August 2023

WELSPUNIND 60 mins chart as on 01^st August 2023 

Wave analysis as published on 01^st August 2023

Welspun India closed with a massive gain of 9.32% after the company’s total income grew 11.9%. On the daily timeframe, as we can see in the chart from the past three months prices was consolidating in a Triangle pattern. Due to sharp move prices gave a close above the 104 levels which confirms breakout of the said pattern and sudden rise in volumes acted as a double confirmation. On the other hand, base line (red) has acted as a support and every time stock has bounced back on the upside by taking support of the same. So, as per this nearest support is at 100 levels.

On the hourly chart, we have applied parabolic SAR which used to determine the price direction as well as draw attention to when the price direction is changing. A single Parabolic SAR have formed below the price which suggest that short term bias might turned bullish but more price action is required to confirm the same.

Trend for Welspun India looks bullish. Any dip towards 105 can be used as a buying opportunity for a move towards 122 as long as 100 holds on the downside.

 Happened as on 23^rd August 2023

As we expected stock after a dip witnessed a good rally of more than 19% within less than a month. Stock achieved our target of 122 and made high of 125.4 after giving breakout of the Ascending Triangle pattern. In such choppy market we have managed to identify such stock with the help of simple chart pattern. If we combine simple price action with price patterns then it together works like magic!!

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Nifty Volume profile for Options Trading

Volume profile indicates big players activity and same can be applied prudently even for Options Trading.

Options Trading requires understanding of momentum, trend, time to expiry and range.

Majority focus only on Open interest but by combining change of Open interest along with Volumes on stocks, indices the overall perception can sharply increase.

Trading conviction increases using this techniques of Trading.

Nifty hourly chart Volume profile

Nifty 19800 Call Option 17^th August 2023

Nifty hourly chart shows that there is big volume buildup at 19500 (fut) and 19800 (fut) levels. This can be seen from right hand side volume area.

The buildup at 19500 (fut) along with Open interest analysis confirms that Bears have to take prices below this level to trap the bulls on upside. Whereas break above 19800 is must for positive resumption.

Nifty call option chart – As we see sharp volumes around 19800 levels we have applied Volume profile directly on 19800 strike price call option. This chart shows volume near 50 levels and break below 30 can result into downtrend on this strike prices.

So by simply using volume profile analysis one can form trading strategy on Nifty Options. Like above one can look forward to sell 19800 strike price Option of 17^th August expiry below 30 with stoploss of 50 and target to 0 levels.

In a nutshell, Volume profile is must tool for Options trader and can be applied for Options buying strategy also.  

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Nifty Fibonacci Retracement, Elliott wave with Time cycle

Elliott wave is GPS of the market and this combined along with advanced technical analysis studies can give precise entry opportunity especially for Options Traders.

Time Cycle helps you identify optimal entry and exit points in the stock market

We derived path of Nifty much ahead on 05th August 2023 with 1000’s of participants during live webinar.

Below is the chart of Nifty on 15 minutes with 43 period Time cycle.

Nifty hourly chart (Anticipated on 5^th August)

NIFTY 15 minutes chart (Anticipated on 5^th August)

Nifty 15 minutes chart – Happened so far as on 7^th August 2023 

Elliott wave analysis – Nifty first chart showing inverted Head and Shoulder pattern along with Elliott wave counts. Fibonacci retracement of 61.8% was used to derive the 1^st target which was at 19609 with initiate level above 19540 that too around the Time cycle mentioned below.

Time cycle - The above chart shows the time cycle of 43 period on a 15-minute scale. The vertical lines represent the area of the time cycle where short-term upward reversals can be observed. As shown in the first chart, we anticipated a move on the upside from 11am on 7^th August Monday. Prices made a low exactly at that time near 19532 and reversed back on upside crossing above the intraday target of 19609 levels.

Happened – Nifty moved precisely as per the set blueprint. Prices made a low near 11am giving good opportunity for Option traders to buy calls or short puts and rushed towards the target of 19609. Also further positive break above 19620 will open Head & Shoulder target levels of 19800/

In summary, we can see how technical analysis pattern like H&S is combined with Elliott wave and Time cycle to give precise trading opportunity and setup. Trading Options can be easy if this science of technical analysis is known completely.

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Nifty: Bang On using Neo Wave and Price indicator

Neo wave along with simple price indicator helps to form powerful setups with a good accuracy.

We published the following research on 2nd August, 2023 (pre-market) in – The Financial Waves short term update.

Nifty Daily chart as 2^nd August 2023 (Anticipated)

Nifty 60 mins chart 2nd August 2023 (Anticipated)

Wave analysis as on 2nd August 2023:

After a sharp recovery, in the previous session Nifty witnessed a consolidation. The market started the day with marginal gains but witnessed profit booking in the initial hours and remained rangebound during the day.

On the daily chart, we have shown Bollinger Bands. Wherein, we can see that prices have bounced back from mid bands. Also, Gann level of 19952 is acting a major hurdle. Post completion of wave a at the top we are seeing stock specific action but everything looks to have slowed down. With Lunar cycle - Pournima on 2nd August we can expect a trending move to emerge. Decisive break above 19830 will result into retest of Gann 19952 on upside whereas on downside 19600 is important support. As of now this is intraday traders market and break below 19700 can take prices to 19640 over short term but since we are seeing whipsaw movement it is best to sell options as of now as long as the broad range of 19600 - 19830 remains intact.

On the hourly chart, Adx is trading near 9 suggesting lack of momentum which often results into sideways action or range bound movement.

In nutshell, Nifty is moving in a lacklustre fashion. prices are forming triangle pattern and breakout can be seen soon. For now, any move above 19830 is must for uptrend to resume. While on the downside nearest support is near 19700 levels. Any breach below 19700 can drag the price lower towards 19640 followed by 19600 levels.

Happened:

Earlier Nifty was trading in a range. However, after giving a break below 19700 prices not only achieved our target of 19600 but also made a low of 19519 which is way below from our mentioned levels.

This clearly shows that by combining price action and indicators one can easily identify wave patterns which works like magic!

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Options are amazing instrument an

Nifty Options Trade Setup Volume, KST indicator, Bollinger Bands®

Volume profile along with KST Indicator and Bollinger Bands is classic technical analysis tools that help us to understand activity behind the scenes for Trading Options.

Below is the research as per Volume profile on Nifty which is moving in wave g as per Neo wave.

Nifty hourly chart – Volume profile.

Nifty 19000 Call Option hourly chart:

As can be seen on 1^st chart Nifty is moving in form of wave g of Diametric pattern. Volume profile is different than normal volumes that most of the traders look at. In volume profile one can see big players activity and area where they are accumulating or distributing the stock. As we can see here there was major accumulation near the level of 17650 on Nifty followed by re-accumulation near 18350 and then again at 18700.

These levels act as important support now as big players will try to defend it. So as long as 18700 is intact medium term trend is intact on upside.

Options Trading using KST and Bollinger Bands – This is one of the most powerful way of trading to gauge if momentum is increasing and it is time to Buy options. For Options trader momentum and time are two most important thing.

KST indicator is a Time indicator and is derived using summation of multiple ROC.  We can see on the chart of 19000 call options that KST indicator has been dropping much earlier even before the prices turned sideways. This gave early warning that momentum is reducing.

Bollinger Bands – If KST line (green) is moving below the signal line (red) it suggest that prices can go sideways and so Bollinger Bands can be used to provide support and resistance and breakout levels. During such instance buy near support of lower bands and sell near hurdle of upper bands is the best strategy.

In a nutshell, Volume profile provides important support from medium term perspective to see possible price action areas and Elliott wave acts as GPS of the market. Then extending the concept of momentum trading with Bollinger Bands directly on options chart can give classic trading opportunity for Options buyers even for Intraday trading.

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NIFTY: Path Ahead for Coming Weeks using Elliott Wave and Channel

 Nifty “closed” at lifetime high levels on 16^th June 2023 at 18826. It just missed crossing above the 18887 which is previous high levels touched on 1^st December 2022.

Let us look at the overall Elliott wave perspective to understand the maturity of trend and if more steam is left over coming days.

Nifty hourly chart – 

Elliott Wave analysis:

Nifty path ahead – As shown in Nifty hourly chart, rise from the lows of 16828 is in impulse pattern that consists of 5 waves. There is extension in wave 5. Prices are also moving in red channel and currently wave (v) of 5 ongoing. As per this Nifty can hit lifetime highs above 18887 levels and eventually move to the levels of 19111. This is where wave v is 61.8% of wave (iii).

Wave personality suggests that wave (v) is usually associated with slower momentum and we can see the same on the above chart where RSI is making lower highs with prices making higher highs.

It is prudent to avoid catching a top unless we see close below prior week’s low which is near 18530 over short term. For nearly 12 weeks there is not a single close below prior weekly low on index and so it is still buy on dips. Many are trying to catch a top here as the momentum is slower but do remember that prices can continue to rise with slower momentum unless price action confirms. 

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Nifty Neo wave, 55 Days Time Cycle with Momentum Indicator

 

Elliott wave and Neo wave are forecasting technical analysis method that helps to understand the maturity of trend. This when combined with Time cycles can help to time the trade accurately.

Below chart of Nifty is showing Time indicator – KST along with Neo wave counts and why we are matured stages of up move?

Nifty daily chart:

Nifty when broke above 17060 we turned super bullish as prices were completing wave (b) and starting wave (c) on upside. We published the research in our daily equity research report “The Financial Wavesshort term update”

Now the markets have rallied nearly 1800 points from there and the momentum is reducing.

KST indicator – this is a time indicator as it takes summation of various Rate of change and is plotted as single indicator. KST also known as Know Sure Thing is developed by Martin Pring. This along with Time cycle application provides much needed clarity to time the market.

Neo wave – The internal counts of wave (c) is suggesting that prices are moving up in form of Diametric pattern which is a 7 legged pattern. Currently prices are in wave f formation which can be sideways to little pressure on downside. Post its completion wave g on upside can resume. So the trend is matured but we might still be in buy on dips mode for another week or so.

55 Days Time cycle – We can see that prices tend to form low and reverses back up from the middle line which is 55 days days cycle. The low may not be a major low but it can also be a minor down move and upside reversal. The latest black middle line also acted as reversal day where wave b got completed and prices started moving higher in wave c. Next cycle low is going to be on 6^th July 2023.

In a nutshell, Nifty can drift higher with lack of momentum. Short term correction is possible but one more leg on upside in form of wave g can start taking prices to Gann levels of 18838 or near lifetime highs. But combine this with short term charts and trade accordingly.

Thus by combining Neo wave, Time cycle and indicator like KST one can form prudent strategy for trading stocks or even futures and options. This technique can be applied on daily, hourly and even 15 minutes time frame for Intraday trading.

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BankNifty 89 Period Time Cycle – The Art Of Timing

What is TIME CYCLE?

A Time Cycle refers to a recurring pattern or cycle observed in the price movements of stocks or Index. It suggest that certain price pattern tend to repeat themselves over a specific period of time.

We derived path of BankNifty much ahead on 10^TH June with 1000’s of participants during live webinar.

Below is the chart of Bank Nifty on 15 minutes Time cycle basis

BANKNIFTY (15 Mins) ANTICIPATED ON 10^TH JUNE- LIVE WEBINAR

HAPPENED BANKNIFTY(15 mins) HAPPENED AS ON 13^TH JUNE

Bank Nifty 89 period Time cycle on 15 minutes chart is plotted above. The vertical lines are the zone of Time cycle from where we can see short term upside reversals. As can be seen on 1st chart we expected a move on downside and a rally after that

Happened – Bank Nifty moved precisely as shown in path ahead.

Bank nifty moved preciously as per time cycle and the above charts shows the same. As wee can see Bank nifty formed low near 43870 which is exactly near our 89-period time cycle and moved preciously as per the time mentioned in the chart.

In a nutshell, for now, Bank Nifty has to move back above 44150 levels to generate positive momentum as long as the cycle low formed near 43890 is intact. This way by understanding Time cycle one can form prudent trading strategy in futures and options.

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Nifty 15 Minutes Time cycle – Trading Ichimoku Cloud

 Is it possible to Time the market for Trading?

Yes – Time cycle is scientific approach to identify the possible reversal and can help Options Traders to Time the market.

Price action techniques if combined with Time cycles one can trade exceptionally well with high accuracy.

Nifty 15 minutes chart: 43 period Time cycle

Nifty 43 period Time cycle on 15 minutes chart is plotted above. The vertical lines are the zone of Time cycle from where we can see short term upside reversals.

On most of the occasions prices have showed pullback or upside move after it has come within the zone of red and blue vertical lines. This lines are placed every 43 candles.

It means that after every 43 candles prices have tendency to move on upside. This if clubbed along with price action technique can provide complete trade setup.

Ichimoku Cloud – This is price focused indicator and provide complete insight into support, resistance, trend of the market. When prices move from below the cloud (highlighted green and red color) back above it we can see upside thrust form time cycle zones.

Currently prices are below the cloud and so from Time cycle zone we are seeing only minor pullback, but if prices reaches the time cycle area when it is above the cloud we get strong trend on upside.

In a nutshell, prices need to break back above the cloud resistance near 18640 and then when it approaches Time cycle vertical line it will provide classic opportunity to go long again. This concept of Time can be applied not only on 15 minutes chart but also on daily, weekly and monthly charts for Investment purpose.

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Mentorship on Trading - Above chart simply shows how price action along with Time cycle and Neo wave can be combined. A Mentor can ensure that proper application of these methods is passed across so that it can form a powerful system to generate that parallel source of income. Be a part of Elite traders community we call as #TimeTraders. Know more here.