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. 

Master of Cycles – Learn the science of Trading Time in simple step by step process. Hurst’s Time cycle technique combined with KST, Gann square of 9. This course is for everyone looking forward to increase their accuracy by timing the market and trade profitably using the scientific approach to trading. Online live event on 24^th – 25^th June 2023, Only a few seats left. 

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.

Master of Cycles – Learn the science of Trading Time in simple step by step process. Hurst’s Time cycle technique combined with KST, Gann square of 9. This course is for everyone looking forward to increase their accuracy by timing the market and trade profitably using the scientific approach to trading. Online live event on 24^th – 25^th June 2023, Only a few seats left. 

 

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.

Master of Cycles – Timing the market to very Day, Hour and Minute by combining this concept of Time trading along with KST indicator and Ichimoku Cloud. Online session on 24^th – 25^th June 2023 along with followup session. Limited seats only. Register here

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.

Master of Cycles – Timing the market to very Day, Hour and Minute by combining this concept of Time trading along with KST indicator and Ichimoku Cloud. Online session on 24^th – 25^th June 2023 along with followup session. Limited seats only, Register now over here

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.

Nifty - Trading with Fractal and Elliott wave pattern!

 Nifty - Trading with Fractal and Elliott wave pattern!

Trading requires understanding of repeatable patterns on different time frames. Elliott wave is based on Fractal nature.

Fractal nature of market is the reason that technical analysis works and trading profitably is possible.

Below chart of Nifty shows the repeated pattern on Nifty hourly chart:

Nifty hourly chart – discussed during Live Mentorship session

Happened

As shown in above 1st chart, pattern marked as a-b-c-d-e is Extracting Triangle as per Neo wave and post its completion we got upward thrust from the pattern.

The similar pattern is repeated later which is of smaller size in form of a-b-c-d-e and post its completion a similar upward thrust can be observed.

Also the first chart was discussed during Live Mentorship session when the pattern was under formation basis of which a trade was planned.

Elliott wave and Neo wave methods are based on Fractal nature of markets and even Time Trading is on the basis of Fractal.

Thereby understanding these repeated patterns across time frame one can trade profitably. Time and Elliott wave is one of the best combination for Fractal trading.

Master of Cycles – Learn more about this concept of Time Fractal trading along with KST indicator and Ichimoku Cloud in upcoming Master of Cycles (MOC) scheduled on 24^th – 25^th June 2023. Early bird ends today, Take the step towards learning the scientific approach to trading.

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.

Nifty Trading Time Cycle on 15 Minutes Before RBI Policy Event!

 Nifty Trading Time Cycle on 15 Minutes Before RBI Policy Event!

RBI policy announced today did not increase repo rate and kept it unchanged at 6.50%. Nifty already moved up before announcement.

But, was the move predictable? Absolutely Yes, and we derived path of Nifty much ahead on 3^rd June with 1000’s of participants during live webinar.

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

NIFTY (15 mins) ANTICIPATED ON 3^RD JUNE 2023 – Live webinar

 HAPPENED NIFTY (15 MIN) HAPPENED As ON 7^TH June 2023

As can be seen on 1^st chart we expected a move on upside to 18640 then a move on downside and a rally after that.

Happened – Nifty moved precisely as shown in path ahead. Interestingly this happened even before the event announcement.

Nifty has moved preciously as per time cycle and the above chart shows the same. As we can see Nifty formed low near 18530 levels which is exactly on our 43-period time cycle and reversed as we mentioned and even tweeted on 6^th June 2023 that 11am is the time turning area.

One should combine time cycles along with Price action to trade profitably.

In a nutshell, Time works if applied correctly and by using this simple concept of Time cycles one can trade positional, intraday and for options it becomes all the more important.

Master of Cycles -  Learn to Time the market to very Day, Hour and Minute by understanding this scientific approach of trading. For very first time we will be combining KST Time indicator along with Ichimoku Cloud and Time cycles in upcoming training on 24^th – 25^th June 2023. Limited seats only, Early Bird Ends on 9^th June 2023.

Bank Nifty - How to Identify a move by combining Elliott wave and Price Indicator

 We had used various advance techniques to catch a current up move in our last month “The Financial Waves Monthly Update” research report. Check out the research we had published on 12^th May itself

Bank Nifty Weekly Chart as on 12^th May 2023

Bank Nifty Daily chart as on 12^th May 2023

Wave analysis as on 12^th May 2023

As expected, In the month of April, Bank Nifty too moved higher along with Nifty and showed some outperformance. It managed to gain more than 7% from the low made in the month of April which was near 40535. Currently Bank Nifty is trading at the resistance so it would be interesting to see whether we get a breakout on the upside or reversal back from it.

On the basis of monthly timeframe, we have observed that after a continuous closing below the low of previous candle. In the last month, Banknifty has finally closed above the previous candle’s high which is a positive sign. We have used Bollinger bands to know the nature of price. We can see that the prices have taken support from the mid band and is currently continuously trading near upper band. Any dip towards the mid band can be seen as buying opportunity to the upside. Currently 39600 will act as a medium-term support and as long as price trades above this support overall outlook is likely to stay positive. The correction from 2008-2020 was wave IV unfolding in a form of bow tie diametric pattern and current rise is in form of primary wave v.

On the basis of weekly timeframe, if we draw a trendline starting from September 2020. The prices have perfectly taken support at this trendline and gave a upside move of almost 11%. Currently wave 4 has completed its course on the downside and wave 5 is going on the upside.

On the basis of daily timeframe, after a good up move Banknifty is currently trading in range of 43900 and 42580. If we take a look at the 65 EMA (exponential moving average) it is acting as a perfect support and resistance for the prices in daily timeframe. Currently wave 5 is ongoing on the upside after completing the wave 4.

In a nutshell, the trend for Bank Nifty looks sideways to bullish. The trend looks positive as long as it holds 42580 levels on the downside. If it breaks this support the next support is 42000. On the upside if it breaks 43900 level then further move up towards 44700 level can be seen.

Happened

Bank Nifty Daily chart as 7^th June 2023

Banknifty moved as we expected and continued to follow buy on dips approach during the last month. Recently index made high of 44498 which is more than 4.5% move.  It has potential to achieved our target of 44700. For now, one can continue to use buy on dips approach as long as 43800 holds on the downside.

Master of Cycles (MOC) – is scheduled on 24^th – 25^th June 2023, where we will discuss clear trade setups using Hurst’s Time cycles, Gann square of 9 and derive trades on Options forming strategies. Limited seats only, Early Bird Ends on 9^th June. For more details visit here

Mentorship on Timing the Market – Learn the science of Timing the market over the period of 3 Months along with Live Trading sessions, Algo creation for stock selection, complete trading strategy on Options Masterclass, Neowave with lifetime access to private telegram group.

Nifty – Time Cycles used for Price Targets!

 Nifty – Time Cycles used for Price Targets!

Time is the essence for trading successfully. By using Time cycles trader can even derive targets for price using the concept of Future Line of Demarcation (FLD).

This method is developed by J. M. Hurst.

Nifty daily chart showing intersection of Prices with black indicator to derive targets

Nifty daily chart: (55 Days Time cycle with FLD)

55 Days Time cycle – Nifty has been forming lows every 55 days as per this cycle and we can clearly see that in above chart. The dotted red line is the main 55 Days Time cycle and we can see sharp bounce back on upside after prices are near that zone.

Future Line of Demarcation (FLD) -  is an important Technical analysis tool that helps us to project price targets, support and resistance points and to understand the underlying trend.

Whenever prices have crossed above or below the black line we get the target on upside or downside with prices moving equal amount lower from the intersection point. This has worked out precisely since many years. Also this black line has acted as resistance or support unless decisive breakout is observed.

Nifty formed  a low near 16830 on 20^th March 2023 and bounced back sharply from there. Later there was an intersection of prices with FLD line near 17670 levels. Projecting the difference of 17670 - 16830 = 840 points on upside gives a target of 18510 and the same target level is precisely achieved by prices on 29^th May 2023. This simply shows power of Time cycle which has been used to derive medium term targets for Nifty.

In a nutshell, by applying the concept of Time correctly along with Price action it is possible to trade profitably. Time cycle in itself is complete trading system that can give price targets, reversal areas, support, resistance and stoploss levels.

This is the concept of Time but one can derive clear price targets even on smaller 15 minutes and 5 minutes time frame. This is the power of Time Cycles.

Combine the above method with Gann square of 9 to find out the important levels where Nifty might find support & resistance in near term. It is amazing to see how these advanced methods get aligned together.

Master of Cycles (MOC) – is scheduled on 24^th – 25^th June 2023, where we will discuss clear trade setups using Hurst’s Time cycles, Gann square of 9 and derive trades on Options forming strategies. Limited seats only, Early Bird Ends on 9^th June. For more details visit here

Mentorship on Timing the Market – Learn the science of Timing the market over the period of 3 Months along with Live Trading sessions, Algo creation for stock selection, complete trading strategy on Options Masterclass, Neowave with lifetime access to private telegram group.