How to use Price Action with Indicators for analysing stocks

How to use Price Action with Indicators for analysing stocks

Simple strategies like price patterns can be combined with Ichimoku Cloud to achieve powerful results. Check out how we selected ZENTEC which has rallied more than 19% within short span of time.

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

We published the following research on ZENTEC pre-market on 16^th February 2023 in "The Financial Waves Short Term Update” which our subscribers receive pre-market every day.

ZENTEC Weekly chart as on 16^th February 2023 (Anticipated)

ZENTEC Weekly chart as on 28^th February 2023 (Happened)

Wave analysis as published on 16^th February 2023

ZENTEC has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 10.13%.

On the Weekly chart, in the previous session prices formed a bullish candle. A weekly close above 227 level will confirm breakout of the rounding bottom pattern. Price is trading above the ichimoku cloud which indicate that the short-term bias is bullish.

In short, trend for this stock is positive. Use dips towards 193-196 as buying opportunity for a move towards 215-220 levels as long as 187 holds on the downside.

Happened: Stock moved precisely as expected. The price took support near the neckline and after a dip, a good rally was witnessed. Even though market was down the stock has gained more than 19% from the dip levels and made high near 274 levels within short span of time.

3 Months of Mentorship on Timing the Market – 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. Early Bird ends on 28^th February 2023.

Nifty sheds 150 points: 3 powerful Indicators you cannot Miss!

 Nifty sheds 150 points: 3 powerful Indicators you cannot Miss!

Nifty moved sharply lower today, was it predictable using a simple technical analysis study and advanced Elliott - Neo wave pattern.

Elliott wave and Neo wave are powerful technical analysis methods and if we combine it with Time then that can help traders with the complete setup right from Intraday to positional trades.

Below shows Nifty Neo wave count along with Bollinger Bands. This research is picked up from the daily Equity research report “The Financial Waves short term update”

Nifty Daily chart

Nifty 60 mins chart

In the previous session, Nifty closed lower for the 6th consecutive day.  Market breadth remained in favor of bears with 2035 Declines with 1423 advances and 155 remained unchanged. Amongst the stocks Adani Enterprises continued to drift lower and closed with a loss of -5.11% and Hindalco, M&M, JSW Steel lost the most and remained in top losers list by NSE. India VIX which is considered as a barometer lost -5.97% at 14.18.

During last week, Nifty shredded almost 3%. On the daily chart, we can see that from last 7 trading sessions, prices have not given a close above previous candle’s high suggesting weakness in the Indices. On the other hand, prices hovering near lower end of the channel.

On the daily chart, on the Friday’s session, Nifty started a day with a decent gain. However, prices could not sustain higher and profit booking was witnessed which erased all the early gains and extended its losses and made a low of 17421. At the end of the day, Nifty closed with a loss of -0.26%. As per wave perspective, the entire fall is in form of wave b which has retraced more than 61.8% of the rise which was in form of wave (a).

On the other hand, Time cycle low is formed near the Budget day and is also near 17400 levels. So, protecting 17400 –17350 zone is very important as break below this can result deeper correction.

On the hourly chart, we have used Bollinger Bands. Wherein, not a single candle has managed to give a close above mid-band. Every time when prices tried to close near mid bands rejection was witnessed. This suggests that we need a decisive break of mid-bands with follow up action for fresh buying to emerge, otherwise selling spree may continue and can drift prices lower towards 17350. As per wave perspective, wave g is unfolding on the downside. As per Diametric rule, wave g tends to equality of wave a.

In a nutshell, Nifty closed lower for the 6th consecutive day. For now, a break below 17420 can result into resumption of correction with the targets of 17350 or lower. Whereas, decisive break above 17620 can result into deeper pullback towards 17756(Gann level).

Happened

Nifty shed 150 points in the first hour itself. Nifty moved as we expected and made low of 17300.9 and prices not only managed to achieve our target of 17350 but also moved much lower from it. This move we have been able to capture by using 3 powerful indicators i.e. Neo wave, Time and simple Indicator.

For now, short term sentiments have turned onto negative side as Nifty also broke Time support levels which was near 17400-17350. One should avoid catching lows and can use sell on rise method to ride the trend.

3 Months of Mentorship on Timing the Market – 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. Early Bird ends on 28^th February 2023.

Nifty Time Cycles – Will it Crash or Is it Time to Buy?

 Nifty Time Cycles – Will it Crash or Is it Time to Buy?

Time cycles along with Elliott wave – Neo wave is powerful way to forecast and trade markets.

Many have been asking about the secret that helps to catch these important lows along with Time to the very hour.

Here is the chart that shows how the entire science of Time works.

Nifty daily chart:

Nifty 15 minutes chart:

Nifty daily chart shows important trendline that is connecting the tops from 18600 levels. Recent down move has brought prices back to this trendline support which is also near 61.8% retracement level of the entire rise from lows of 16800 to high of 18880 levels.

Budget day low also happens to be near 17350 and from 17400 we have seen multiple times bounce back.

55 Days Time cycle low – is formed near the Budget day and is also near 17400 levels. So there are multiple reasons why protecting 17400 – 17350 zone is so important as break below this will result into party time for Bears for next 35 days until the next 55 days cycle low is formed.

Trading Time on 15 minutes chart: Time cycle has formed a low at 9.45am on 23^rd February 2023. Look at the above chart that shows how prices bounce back everytime it is in the time support zone. The up move can be a major trend or just a pullback that will depend on the higher time cycles. But by combining Neo wave along with multiple time frames one can form strong trading system which is both Price and Time focussed.

In a nutshell, Nifty is near crucial juncture now. Protecting the low near 17455 formed on 23^rd February along with low of 17350 formed on Budget day will result into bottoming formation and a bounce back. Failure to protect these levels can result into a crash! Next few hours of Price action is crucial.

3 Months of Mentorship on Timing the Market – 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. Early Bird ends on 28^th February 2023.

Adani Port Crashed | Predicted in September 2022, Unbelievable!

 Adani Port Crashed | Predicted in September 2022, Unbelievable!

Elliott wave and Neo wave helped in catching a top of Adani Ports months before when no one expected it.

Adani Ports and Adani group stocks collapsed post the research published by New-York based short-seller Hindenburg.

But if you check the trend was already matured and was expected to reverse on downside by applying Technical analysis methods.

Adani Port daily chart (From Master of Waves MOW session – September 2022)

Adani Port Happened

As one can see from above charts that well in advance in September 2022 itself it was possible to see that up move was matured and we can have a bigger correction on downside as the stock was probably completing wave 5 higher.

Elliott wave is GPS of the market. It helps to understand the maturity of trend and if it time to sell. The above clearly showed that Adani port was in for a correction or a down move an eventually the stock moved lower. Infact, the stock topped out in September 2022 much before Hindenburg research was published.

Now that the stock has started its downward journey, prices are currently in wave iv formation and post its completion we should see wave v resuming its downtrend taking stock back towards 450 – 420 levels.

In a nutshell, above research clearly shows how by understanding Elliott wave and Neo wave one can forecast stocks that seems to be driven by news or events but the GPS of the stock gave warning signal much earlier.

3 Months of Mentorship on Timing the market – Learn the science of Market timing and identifying reversals before it happens. This mentorship will focus on Time Cycles, Elliott wave, Neo wave, Stock selection, simple step by step approach to complete trade setup, planning and execution. No prior knowledge required. No minimum capital requirement. This is a life transformation journey along with Ashish Kyal, CMT, Author of International book and winner of many Trade shows on CNBC TV18, ET Now. Limited seats only and Early Birds ends on 28^th February 2023. 

Bank Nifty – Why 40k is Crucial? Neo wave perspective!

 Bank Nifty – Why 40k is Crucial? Neo wave perspective!

Bank Nifty has been a major laggard that has been failing to show any strength above 42000 levels, Why 40k is important?

Below is Elliott wave – Neo wave outlook on Bank Nifty daily chart showing internal wave pattern.

Bank Nifty Daily chart:

Elliott wave analysis – Bank Nifty overall pattern looks to be Flat correction with prices currently moving in wave (c). This wave (c) started from the lows near 32900 and is forming Terminal impulse pattern.

Terminal impulse are impulsive patterns but has some characteristics of corrections. It is a 5 legged pattern with each leg corrective and is labelled as 1.-2-3-4-5. Currently prices seem to be moving in form of wave 4 which has failed to show any momentum on upside. There is a failure crossing above 42k mark and we can see move towards the lower trendline support.

This is an important trendline which is connecting the prior two lows together. Support of this trendline is near 40k levels. So over next few days protecting this will be crucial.

In a nutshell, Bank Nifty has not showed any relief rally yet and is again moving lower. Wave 4 is still ongoing and its completion will be confirmed on faster retracement above 42k levels. Breach below 40k will open further downside possibilities.

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FINCABLES: Combining Cup and Handle with Ichimoku cloud

FINCABLES: Combining Cup and Handle with Ichimoku cloud

While trading the market it is important to understand the behavior of the market. Simple strategies like price patterns can be combined with Ichimoku Cloud to achieve powerful results and we can predict price moves in stock with high accuracy. Check out how we recently identified one such breakout in FINCABLES

We published the FINCABLES analysis in "The Financial Waves Short Term Update" on 15^th  February 2023 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

FINCABLES Weekly chart as on 15th February 2023: (Anticipated)

FINCABLES Weekly chart as on 16th February 2023: (Happened)

Wave analysis as on 15th February 2023:

On the weekly chart, in the previous session prices formed a big bullish candle and also formed a Cup and handle pattern. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A daily close above 603 will confirm breakout of cup and handle pattern.  Price is trading above the Ichimoku cloud which indicate that the short-term bias is bullish.

As shown on the hourly chart, we have shown ADX indicator which gives an indication if the stock is trending or in a trading range. The low readings of ADX indicates that the stock is in a range. The ADX of this stock is 55.38 giving an indication of a trending market. The reading above 25 means strong directional strength. Also, prices have given a breakout of the channel which acts as a confirmation for further bullish momentum to continue.

In short, trend for this stock is positive. A break above 609 can lift price higher towards 675-680 as long as 575 holds on the downside.

Happened:

The stock moved as we expected. FINCABLES have given breakout of Cup and Handle with huge volume which was a bullish sign. Stock opened gap up in the previous session, and the stock has achieved our target and moved way above it and made high of 700 which is more than 15% in a single day.

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Adani group stocks collapsed post the report by Hindenburg just few weeks back.

 Adani group stocks collapsed post the report by Hindenburg just few weeks back.

Adani Enterprise formed a top much earlier than majority are aware of. Elliott wave along with Volume profile is suggesting one more leg on downside is still pending.

Adani Enterprise Daily chart:

Adani Enterprise hourly chart with Volume profile:

Adani group stocks have started correcting much earlier and not only on back of recent news. Adani Enterprise top was made at 4190 on 21^st December 2022. It is only since 27^th January 2023 that the downside momentum increased on back of the news. But the stock has been already under pressure since beginning of 2023. Post the crash in Adani Enterprise prices touched the low of 1017 levels and from there we have seen retracement of precise 38.2% on upside. This upside retracement is only a dead cat bounce or wave 4 pullback and one leg in form of wave 5 is pending on downside that can again take this stock towards 1380 or lower levels. So, it is best to avoid investment in even the group companies as more pain is left and it is still not out of the woods.

Elliott wave – Adani Enterprise seems to be forming wave iv after completing w    ave iii on the downside near 1017 levels. This wave iv is further subdividing into Zigzag correction and as of now prices are in wave c of iv. So, post one minor push on upside we can start seeing stock drift lower again towards 1300 or lower levels. As wave iii was extended wave v can be truncated given deep wave iv formation.

Volume profile – Volume Point of Control is at 1770 levels, this is the area where major volumes are taking place in this stock. Given the wave count this seems to be distribution and not accumulation at these levels. So the zone of 2000 – 1500 is the range we can expect stock to trade which is within high volume zone.

In a nutshell, by applying Elliott wave along with Volume profile we can clearly see probable path of Adani Enterprise despite of all the news floating around. So, over short term 2000 – 1500 is range for the stock and eventually we can see it back towards 1300 levels in form of wave v.

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Nifty Neo Wave Pattern, Is it Forming a Triangle? Breakout Levels!

 Nifty Neo Wave Pattern, Is it Forming a Triangle? Breakout Levels!

Trading Nifty or any stock requires clear understanding about technical analysis methods. Elliott wave and Neo wave gives direction and maturity of the trend.

Nifty has been moving in downward sloping corrective channel and has now shown any strong directional move since Budget on 1^st February 2023.

Nifty hourly chart:

Elliott wave analysis – As shown in above chart, prices are moving in complex corrective pattern that involves x waves. An “x” wave connects two standard corrections together. Neo wave is advanced part of Elliott wave that has more rules and newer patterns like Diametric. It gives more objective understanding about the direction and maturity of the trend.

As shown in above chart, prices formed Diametric pattern in 1^st standard correction and it was followed by wave x. Post that we are possibly in a triangle or a Diametric pattern. A triangle is a 5 legged pattern with contracting behaviour without any meaningful trend whereas Diametric is a 7 legged corrective pattern.

As of now we can be in wave e. If it is a triangle pattern then we should not break below the low of wave c which is near 17490. For upside breakout prices have to show faster retracement above the last falling segment. In this case it is wave d which completed near 17920 levels. So, a faster retracement above this level will confirm start of a bigger up move. Until then sideways action can continue and so it is prudent to sell options in current context of the market.

In a nutshell, by identifying the probable pattern under formation as per Elliott wave / Neo wave one can form prudent option trading strategy along with identification of key support and resistance levels. So, 17920 is crucial level for positive breakout and 17490 is important support as per Neo wave logics.

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Nifty Trading Using 5 Minutes Time Cycle!

Nifty Trading Using 5 Minutes Time Cycle!

Time cycle is simple way to identify price support areas. Time support zone with price action gives lethal combination for traders with high accuracy.

We have been applying Time cycles right from Weekly, Daily, 15 Minutes and 5 minutes chart. Depending on the Trading Time frame these cycle can accordingly be used.

Below is chart of Nifty showing Time cycles on 5 minutes chart.

Nifty 5 minutes chart:

Time cycles are used to catch lows. Above chart shows 64 period Time cycle applied on 5 minutes chart which has been working exceptionally well.

As shown, the vertical blue lines are Time cycle zone and we have marked price area that is support as per this time cycle. Every time prices approach near the zone of Time cycle there is upward thrust that can be seen. So one can use Time as a very important parameter for taking the trade on buy side.

If the Time support area breaks there are also sell signals as per this method which happened on 7^th February.

To derive the targets one can use the concept of FLD (Hurst’s Time cycle) that can help traders with targets as well.

In a nutshell, Hurst’s Time cycle is a complete trading system by itself if implemented correctly and provides trader with both Price and Time forecasting ability. For Option traders Timing is the most important parameter but largely ignored which can make all the difference in Trading PNL.

Master of Cycles – Learn the science of trading Hurst’s Time cycle as a complete system along with price targets, stoploss and entry levels. Combine this with Gann square of 9 and Ichimoku cloud for deriving high accuracy trade setups. Be a part of this Elite trading community #TimeTraders and start life transformation journey.

 

 

 

 RAJESHEXPO: Combining Rounding Bottom with ADX along with Time cycle

We had applied ADX indicator on RAJESHEXPO and were able to capture a 18% move within 2 trading sessions. You can also use these to identify stocks with momentum for short-term trades.

While trading the market it is important to understand the behaviour of the market. Using price action along with simple chart pattern we can predict price moves in stock with high accuracy. Check out how we recently identified one such breakout in RAJESHEXPO.

We published the following research on RAJESHEXPO in our Daily Equity Research Report on 3^rd January 2023 which our subscribers receive pre-market every day.

RAJESHEXPO Weekly chart as on 3rd January 2023 (Anticipated)

RAJESHEXPO Weekly chart as on 6^th January 2023 (Happened)

Wave analysis published as on 3^rd January 2023

RAJESHEXPO has been moving higher recently and intact in strong uptrend. In the previous session it closed with a gain of 5.88%.

On the weekly chart, in the previous session prices formed a bullish candle. A weekly close above 910 level will confirm breakout of the rounding bottom pattern. We have shown ADX indicator which gives an indication if the stock is trending or in a trading range. The low readings of ADX indicates that the stock is in a range. The adx of this stock is 29.92 giving an indication of a trending market. The reading above 25 means strong directional strength.

As shown on the hourly chart, price is trading above the ichimoku cloud which indicate that the short-term bias is bullish. Closest support is placed at 845.

In short, trend for this stock is positive. Use dips towards 875-885 as a buying opportunity for a move towards 985-995 levels as long as 845 holds on the downside.

Happened:

Stock moved precisely as expected and have given breakout of rounding bottom followed by huge volume. In such choppy market we have managed to identify such stock with the help of simple chart pattern along with Time cycle. We have plotted 40 weeks’ Time cycle in which it has captured many important lows and recent low made near 540 levels which was captured by our cycle and since then stock has shown an exceptionally well rally.

In today’s session stock has gained more than 19% from the dip levels and achieved our target and moved above it and made high of 1029.7.

Be a part of Master of Cycles (MOC) that will reveal this secret science of Time Trading to every single one who has been looking forward to trade with a complete plan, increase accuracy, Time the exact entry and exit for Options buying, generate passive source of Income by Options selling. MOC is scheduled on 11th – 12th February 2023 online. Be a part of Elite Trading community #TimeTraders and witness the difference in your trading career. 

Nifty – Post Budget & Adani, Big Trend is About to Start, Are You Ready?

#Budget resulted into sharp move on upside on 1^st February 2023 taking Nifty to highs of 17970 but then Adani group stocks started bleeding and pushing everything down back to 17350 levels.

Event day’s high and lows are crucial and so a trend will emerge once a break of these levels are seen.

Nifty 55 Days Time Cycle along with Future Line of Demarcation (FLD)

Time Cycle analysis with Neo wave – In the above chart we are showing 55 Days Time Cycle (represented by red dotted line). As shown everytime prices approach int eh zone of Time cycle we have seen bounce back on the upside. This time as well prices are now within this zone.

Price action along with Time cycles is very important and only once we have positive confirmation by break of key levels we can get targets as per Time. Yes, it is possible to derive targets as well from Time by concept known as Future Line of Demarcation (FLD)

Black line is FLD which is derived by shifting prices to the right side on the basis of Time Period. We will look at this concept in much detail during Master of Cycles program for now let us see its application.

From above chart it can be seen that whenever prices intersect the FLD line we get the target on upside or on the downside. The target is the height before the crossover projected from the intersection as shown by red lines.

Every single time in past 1 year we can see the targets are achieved. Even the recent fall achieved the target on downside which is simply amazing.

Now the FLD line is at 18000 levels and if Nifty manages to cross above this level we will get upside targets.

The same concept can be extended to short term Time cycles even on 15 minutes and 5 minutes Time frame for Intraday Traders.

In a nutshell, Hurst’s Time cycles not only give Time reversal areas right from day, hour and minute but also the targets. It is complete trading system in itself if applied correctly.

Be a part of  Master of Cycles (MOC) that will reveal this secret science of Time Trading to every single one who has been looking forward to trade with a complete plan, increase accuracy, Time the exact entry and exit for Options buying, generate passive source of Income by Options selling. MOC is scheduled on 11^th – 12^th February 2023 online. Be a part of Elite Trading community #TimeTraders and witness the difference in your trading career.