RAMCO Industries on the mark! - Combining Bollinger bands with Elliott wave.

 Sometimes, a straightforward price pattern, when combined with price indicators and advanced technical tools like Elliott Wave, can yield remarkable results! See yourself how we identified such a massive move in RAMCO Industries. Check out how we accurately predicted on the possible up move on RAMCO Industries which has rallied more than 6% achieving our targets and made a high of 324.35 levels.

We published the following research on RAMCO Industries pre-market on 29^th November 2024 in "Vayu Momentum Report” which our subscribers receive pre-market every day.

RAMCO Industries Daily chart anticipated as on 29^th November 2024
Wave Analysis as on 29^th November, 2024:

RAMCO Industries since 8th November, was struggling to give a close above its crucial resistance level which was near 295 levels. In the previous session, prices finally managed to give a close above it when major indices were falling. At the end stock closed on a positive note with a gain of 2.36%. A bullish candle closing above 295 levels further strengthens the stock’s outlook. Now we need follow up buying which can lift the prices higher towards the upper Bollinger bands which is near 312 levels. Also, RSI is currently trading near 68 levels which gives prices the space to trend further.

As per wave perspective, wave (B) completed on the downside near 230 levels and since then the entire rise is in form of wave (C).

In a nutshell, trend for Ramco Industries looks bullish. Follow up buying is required positive momentum to continue with the targets of 312 levels or higher.

Key Resistance: 320

Key Support: 295

Strategy– Long positions can be created above 305 levels with the targets of 312 levels followed by 320 levels with the stoploss of 295 levels.

RAMCO Industries Hourly chart Happened as on 9th December, 2024
Happened – As we expected after breaking above 305 levels, stock achieved both our given targets. Prices showed a good rally of more than 6%. This demonstrates that a combination of Price action, price indicators, and Elliott Wave can help achieve targets more confidently and consistently!

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Bank Nifty - How to identify a move by combining Neo wave and Gann

Neo wave along with price action helps to form powerful setups with good accuracy. In the previous monthly report dated on 22nd November 2024, we anticipated a possible pullback in Bank Nifty and it moved precisely as expected.

Take a look of how we anticipated a pullback in Bank Nifty. Here is the detailed research: -

Bank Nifty Weekly chart – Anticipated on 22^nd November 2024
Bank Nifty Daily chart with Bollinger Bands – Anticipated on 22^nd November 2024
Bank Nifty Hourly chart– Anticipated on 22^nd November 2024
Wave Analysis as on 22^nd November 2024:

In the previous month, Bank nifty experienced a sharp decline in the first week of October 2024, followed by a broad range bound movement between 52495 and 50770 levels. Major banks like IndusInd Bank, Kotak Mahindra Bank, and Axis Bank posted disappointing quarterly results losing -27%, -6.63%, and -5.90% respectively in the previous month. As the majority of the private banks underperformed, the index failed to maintain its highs and the index also broke support of 51200 & made a low near 49780 on 21st November 2024 before reversing up again!

Weekly Chart – the Index has still not closed back above its prior weekly high and it’s still trading below the mid Bollinger Bands® levels. This keeps the medium-term trend on the downside however, we can expect short-term pullback on the upside given the sharp reversal from the important support near 49800 levels.

Daily Chart - Recently, the index formed a hammer candlestick pattern near a crucial support trendline, followed by an upward bounce which might suggest a pause in the ongoing downtrend. If Bank nifty sustains above its Gann level of 51416 levels, a deeper pullback can then be expected up to the next Gann level which is at 52327.

On the other hand, a break below 50508 would indicate that selling has resumed and a move till 49675 can be expected which is an important support level.

Hourly Chart - Since past 2 days not a single hourly candle has given a close below previous candle’s low which suggest strength.

As per the wave perspective, Bank Nifty is showing a short-term pullback in a medium-term downtrend. A break above 51416 can result into a deeper up move which will also confirm that the entire fall is complete in the form of Diametric pattern and we are seeing retracement of the fall on the upside.

In a nutshell, Bank Nifty is at a crucial juncture. Looking at the price action, we can expect short-term upside pullback before the downtrend resumes. The next few days of price action will further confirm this scenario. A break above 51416 can take prices to next Gann level of 52327.

Bank Nifty Happened as on 5^th December, 2024:
Happened:

In our past monthly report, we mentioned, if Bank nifty breaks 51416 levels then we can expect a pullback towards 52327 levels which is also a Gann level, and BANG ON!! Bank nifty moved precisely and achieved both our given targets within 8 trading sessions and made a high of 53387 levels.

We were able to capture this rise of more than 1600 points by using Neo Wave and Gann.  It is amazing to see how these advanced methods get aligned together.

AGNI (index) Research – Get access to daily research reports and advisory calls on Nifty, Bank Nifty, and Finnifty along with charts, options strategy, and a complete trade plan. Know more

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PB FINTECH BANG ON! Using Price action and Ichimoku Cloud

 Basic price patterns and price indicators work in unison, leading to interesting results! Our recent analysis on PB Fintech, affirms this theory and makes one trade more confidently and with certainty! See below our prediction on PB Fintech, a momentum stock that has rallied by more than 7% in just 3 trading sessions.

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

We published the following research on PB Fintech pre-market on 27^th November 2024 in "Vayu Momentum Report” which our subscribers receive pre-market every day.

PB Fintech Daily chart anticipated as on 27^th November 2024
Wave Analysis as on 27^th November, 2024:

As IT was the top performing sector in Nifty in the previous session, Infosys gained more than 3.72%. PB Fintech Ltd since September 2024, was consolidating in a broader range of 1585-1775 levels. Recently, prices have given a breakout of the consolidation and managed to show good rise.

On the daily chart, since past 2 days prices have formed a strong bullish candle consecutively suggesting increase in buying momentum. Also, prices faced support of the Ichimoku cloud and witnessed sharp pullback on the upside. For now, we can expect bullish momentum to continue and can expect minimum targets of 1970 which is a previous swing high level.

In a nutshell, the current trend for PB Fintech has shifted on the positive side. A break above 1865 levels is must for bullish momentum to continue. While on the downside 1800 is the crucial support.

Strategy – Long positions can be created above 1865 levels with the stoploss of 1800 levels with the target of 1920 followed by 2000 levels.

PB Fintech Happened as on 4^th December 2024
Happened – As we expected stock witnessed a good rally of more than 7% within 3 trading sessions and BANG ON!! The stock achieved both our given targets. As IT has been consistently outshining all the other sectors, PB Fintech is following along. It is fascinating to see how accurately combining basic indicators along with price can help to predict price targets with accuracy.

Want to know more about such stocks PB Fintech is on the mark! subscribe to our Vayu Short-Term Update: Get a list of stocks with high growth potential along with Gold Reports: Check Here

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Nifty Target for Tomorrow with Time and Elliott Wave

 Nifty is moving precisely as per Time and Elliott wave pattern.

Prices are now approaching 24500 levels but will this rally continue and up move sustainable?

Look at the below charts of Nifty combined with advanced Elliott wave – Neo wave along with Time cycles:

Nifty daily chart:
Nifty Hourly chart:
Nifty daily chart clearly shows sharp rise on upside form the channel support.

Time cycle of 55 days – We can see that prices formed a low near the last red line which was the final zone of Time cycle.

Prices formed a low and rallied sharply higher despite of Adani scandal event and worst GDP numbers. This shows relative strength.

The entire down move which started from 26200 levels completed in form of wave a and we are now witnessing up move in form of wave b.

Nifty hourly chart – shows inverted Head & Shoulder pattern breakout. We have mentioned in earlier research report under AGNI research report that prices are going to give an upside breakout.

We were able to capture a down move from 26000 to the lows of 23300 which achieved the downside target of topping H&S pattern.
Prices are now showing bottoming H&S pattern on hourly chart and the same gives upside target of 25500 levels.

The immediate target on upside can be Gann levels of 24728 levels unless and until we see close below prior candle low.

In a nutshell, by combining simple pattern along with Time cycle and Elliott wave can provide strong forecasting ability for trading. We can expect positive momentum to continue till 24728 or higher as long as prices protect 24250 on closing basis.

AGNI (index) Research – Get access to daily research report and advisory calls on Nifty, Bank Nifty, Finnifty along with charts, options strategy, and a complete trade plan. Know more

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How to catch Momentum using ADX and Cup and Handle formation

 It is possible to capture massive moves in stocks using price patterns along with simple indicators like the ADX (Average Directional Index). Check out how we selected PGIL which has rallied more than 12% since 22^nd November 2024.

ADX- The average directional index (ADX) is a technical indicator used by the traders to determine the strength of a trend. It commonly includes three separate lines. These are used to assess whether momentum is building on the stock or not.

We published the following research on PGIL pre-market on 22^nd November 2024 in "Vayu Momentum Report” which our subscribers receive pre-market every day.

PGIL Daily chart anticipated as on 22nd November 2024
Wave Analysis as on 22^nd November, 2024:

In the previous session, PGIL showed sharp rally of more than 4% in a single trading day despite fall in major indices. The stock has formed a cup and handle pattern on the daily chart. Price has closed above 1100 levels which confirms breakout of the said pattern. On the daily chart, ADX is suggesting strong momentum can continue in this stock as it is showing readings of 28 which is above 25.

Also, since 13th November not a single candle has given a close below previous day's low which suggest strength in ongoing trend. After a sharp rally one should use buy on dips method to enter into the trend.

Key Resistance: 1190

Key Support: 1100

Strategy: Use dips towards 1110-1120 as a buying opportunity for a move towards 1185-1190 levels as long as 1100 holds on the downside.

PGIL Happened as on 2^nd December 2024
Happened – After we published the report, PGIL moved as expected. PGIL has given breakout of Cup and Handle pattern with huge volume which was a bullish sign and Bang on!! After a dip, stock moved up and achieved both our given targets in 2 trading sessions and made high of 1257 levels which is more than 12% move from lows.

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COFORGE Bang On!! Two Powerful indicators you cannot miss!

 Simple Elliott wave and Bollinger Bands creates wonders if one combines it together! See for yourself how we were able to capture such a significant move in Coforge, take a look at how we chose Coforge, a momentum stock that has rallied by more than 5% in just 3 trading sessions.

We published Coforge in "Vayu Momentum report" on 22^nd November 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

COFORGE Daily chart anticipated as on 22^nd November 2024
Wave analysis anticipated as on 22^nd November 2024.

Since the past 2 trading sessions, Coforge has not given a close below its previous day’s low and made a fresh high of 8239 levels despite major indices falling which reflects that the daily bias in in Favor of the bulls. Currently, prices are trading near the upper end of the Bollinger bands®, follow-up buying can further intensify buying pressure. Also, RSI is trading at 71 levels giving prices the space to trend further. As per the wave perspective, wave(iii) of wave (3) is ongoing on the upside.

In a nutshell, the trend for Coforge is bullish. A break above 8240 levels is must for bullish momentum to continue.

Trade Setup for Intraday Futures – Long positions can be created above 8250 levels with the target of 8300 followed by 8350 with the stoploss of 8200 levels.

Trade Setup for Positional Futures – Long positions can be created above 8250 level with the stoploss of 8155 levels and target of 8450 levels. (One can book part profit near 8320-8350 levels and can trail stoploss to cost.

Trade Setup for Options – COFORGE 8000CE Buy above 290 levels with the stoploss of 245 levels with the target of 380 levels. (One can book part profit near 330-335 levels and can trail stoploss to cost.)

COFORGE Happened as on 27^th November 2024.

Happened – After recommending the stock, Coforge moved exactly as anticipated and achieved both our given targets in Futures and Options as well. It is fascinating to see how accurately combing basic indicators along with advanced wave techniques can help to predict price targets with accuracy! Coforge achieved our given targets and surged more than 5% in just 3 trading sessions.

Want to know more about such stocks COFORGE is on the mark! subscribe to our Vayu Short-Term Update: Get a list of stocks with high growth potential: Check Here

Nifty bang on!! 55 days Time Cycle cannot be more accurate!

 It is fascinating to see how accurately Time cycles can predict early reversals on Nifty, in the same way as stocks. Look, how we were able to predict a fall in Nifty with the help of simple chart pattern. Nifty moved as anticipated and Bang on!! We achieved our given target of 23300 on the downside and prices reversed from the Time cycle precisely!

See the below charts which our picked up from our previous weekly webinars in which we derived Nifty path.

Nifty Daily Anticipated as on 12^th October, 2024 in our weekly webinar
Nifty Hourly Anticipated as on 26^th October, 2024 in our weekly webinar
Nifty Happened as on 25^th November 2024
 Nifty Happened as on 25^th November 2024
Nifty was trading near 24200 levels on 12^th October which can be seen on the 1^st chart. We also mentioned a fall towards 23300 which can be seen on the 2^nd chart, which was the final target of the head and shoulder pattern.

Nifty achieved H&S target of 23300 and made a low of 23260 on 21st November 2024. Prices reversed from it precisely and in today’ session made a high of 24351. This entire move on the downside and the pullback was anticipated way before fall started in our past Weekly webinars.

Prices are behaving precisely as per the pattern and Time Cycle despite of the event – US Election outcome and Adani Scandal news. 

As of now we can expect short term pullback towards 24500 levels. On the downside 23900 is the nearest support to watch out!

Brahmastra on Timing the market (Mentorship) – Learn the science of trading using the science of Time along with Elliott wave, Neo wave, Options strategy and stock selection algos over 3 months of Mentorship, risk management, money management and Live trading sessions, Know more here

Gautam Adani Faces U.S. Indictment in Bribery Scandal

 Indian billionaire Gautam Adani and seven other executives have been indicted in New York by U.S. prosecutors for their alleged involvement in a massive $250 million bribery scheme aimed at securing contracts worth billions in India. The charges encompass multiple counts of fraud and bribery, with arrest warrants issued for Adani and his nephew, Sagar Adani. These legal actions also reflect on international business practices, particularly concerning the enforcement of anti-corruption laws across borders.

#ADANIENT has started wave (C) of Flat corrective pattern on downside, as long as Gap area of 2850 is protected expecting an impulse down, this can drag banking stocks also eventually! If wave (C) is not truncated we can expect it to reach the lows of wave (A) which is near 1085 levels. Next few days will be important for Adani group stocks which will further confirm if overall sentiment is improving or getting worse post the verdict by US Court Interesting juncture for Indian equity markets!

Brahmastra on Timing the market (Mentorship) – Learn the science of trading using the science of Time along with Elliott wave, Neo wave, Options strategy and stock selection algos over 3 months of Mentorship, risk management, money management and Live trading sessions, Know more here

Bank Nifty Targets using Neo wave and Ichimoku Cloud

 Neo wave is the GPS of the market that helps to understand the overall maturity of the trend. Bank nifty has been moving precisely as per neo wave count. Checkout this example of how we applied Ichimoku Cloud and Neo wave to identify this fall. Bank nifty moved as anticipated and Bang on!! We achieved both our targets in one trading session.  Following research is picked up from daily Agni Bank Nifty report

Bank Nifty Hourly Anticipated as on 21st November, 2024
Wave Analysis Anticipated as on 21st November 2024:

Bank Nifty saw a sharp move on upside on 19th November but prices gave away all the gains in the final hour of trading forming a big shadow on upside and small body candle. This shows rejection from higher levels and break back below the low of prior trading day near 50400 will be bearish. On upside crossing 51000 is must which also has high calls open interest build-up. 

On the daily chart, since past 3 days, Bank Nifty is forming neutral candles consecutively suggesting indecisiveness. Breach below 50400 will resume down move in this index towards 50100 or lower levels. On the other hand, a break above 51000 can result into short term pullbacks. 

On the hourly chart, as per wave perspective, internal wave e(red) looks to have started to unfold on the downside in form of Diametric pattern. For confirmation, decisive break below 50400 is needed.

In a nutshell, below 50400 will turn price action bearish for Bank Nifty for move to 50100 or lower levels. On the daily chart, since past 3 days, Bank Nifty is forming neutral candles consecutively suggesting indecisiveness. For now, a break below 50400 is must for selling to resume on the downside.

Trading Strategy for futures – Short positions can be created below 50400 with the stoploss of 50750 and targets of 50100 followed by 49900. Long positions can be created above 51000 with the stoploss of 50700 and targets of 51300 followed by 51500 levels.

Bank Nifty Happened as on 21st November 2024
Happened – In today’s report, we were still bearish on Bank Nifty. After breaching 50400 levels, Bank Nifty moved as expected losing more than 600 points and achieved both our given targets in a single trading session. We captured this entire fall with the help of Neo wave with simple indicators.

Want to know more about Bank Nifty research report? Subscribe to our Agni Financial Strategy Research Report and get a list of stocks with high growth potential.

Brahmastra on Timing the market (Mentorship) – Learn the science of trading using the science of Time along with Elliott wave, Neo wave, Options strategy and stock selection algos over 3 months of Mentorship, risk management, money management and Live trading sessions: Know more here

Nifty Elliott wave with Time cycle – Path Ahead!

 Nifty is moving with high volatility and has failed to close above prior day’ high for 8 consecutive days in a row.

During such volatile moves it is best to combine techniques of advanced Elliott wave – Neo wave along with Time cycle and understand the probable path.

Nifty daily chart:
Nifty hourly chart:
Nifty daily chart shows that prices post completing the topping Head & Shoulder pattern moved down sharply and almost achieved the target near 23300 levels.

As per Neo wave the move on downside is in form of Diametric pattern that consists of 7 legs. In this pattern usually

• wave g ~ wave a
• wave f ~ wave b
• wave e ~ wave c

Prices are currently in wave e which looks to be subdividing. The sharp rise on upside on 19^th November with equally fast reversal indicates wave e is not complete and might still continue for few more days.

Even after 8 consecutive days there is no respite by way of closing above prior day’s high indicate inherent weakness in Indian equities market.

Break above 23800 is must for any positive confirmation that wave e is over and wave f on upside has started.

Overall tone for Nifty is still bearish unless we see close above prior day’s high. Low made during the cycle zone period of 55 days at 23350 is crucial. Any breach and close below this will increase the odds that prices have topped out for another 45 days until 22^nd January 2025.

In a nutshell, immediate support is at 23350 and major hurdle near 23780 levels. Below 23350 further downside targets will open in form of ongoing Diametric pattern and will turn daily time cycles on sell side!

Brahmastra on Timing the market (Mentorship) – Learn the science of trading using the science of Time along with Elliott wave, Neo wave, Options strategy and stock selection algos over 3 months of Mentorship, risk management, money management and Live trading sessions, Know more here

Sasken Bang On- Combining Rounding Bottom with Ichimoku Cloud!

 Basic price patterns and price indicators work in unison, leading to interesting results! Our recent analysis on Sasken, affirms this theory and makes one trade more confidently and with certainty! See below our prediction on Sasken, a momentum stock that has rallied by more than 10% in just 2 trading sessions despite major indices falling.

We published Sasken in "Vayu Momentum Report" on 13^th November 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

Sasken Daily chart Anticipated as on 18^th November 2024.
Wave Analysis:

SASKEN showed sharp rally in the previous session of more than 9% in a single trading day! The stock has formed a rounding bottom pattern. A close above 1950 can confirm breakout of the said pattern. On the daily chart, prices recently bounced back from the base line(red) of the Ichimoku cloud which is a positive signal.

Key Resistance: 2060

Key Support: 1870

Strategy: Use dips towards 1890-1900 as a buying opportunity for a move towards 2000-2060 levels as long as 1850 holds on the downside

Sasken Daily Happened Chart as on 18^th November, 2024. 
Happened – The stock has moved as we anticipated. The stock witnessed a dip and bounced on the upside around the given level of 1890 levels. The stock gained more than 10% and achieved both or targets in just 2 trading sessions, despite market volatility.

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Nifty Bang on using Time and FLD!

 Nifty has witnessed a sharp fall since the previous week. It is amazing to see how the advanced tools like FLD gave an indication of this reversal very precisely.

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

Following is the Nifty daily chart showing how the application of FLD helps in determining crucial reversal areas and target points which we derived and published it in our article and in our Agni research report as on 8^th October, 2024.

Nifty Daily chart (As Anticipated as on 8^th October article)
Nifty Daily chart Happened as on 14^th November, 2024
First chart shows the path for Nifty and targets on the downside which is picked up from an article dated 8^th October, 2024 and we have covered it in our previous research report in which we derived targets by using an indicator called FLD (Future Line of Demarcation). As per this, our target was 23600 which was clearly achieved on 13^th November 2024.

We were able to capture this fall of more than 1300 points by using Neo wave and FLD.  It is amazing to see how these advanced methods get aligned together.

Want to know more about Time trading and to trade using FLD, Gann, Lunar cycles, 2 Stage confirmation, and Pring special k, Know more here

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Nifty Crashed - resuming trend to Head & Shoulder Targets!

 Nifty crashed – down by more than 300 points again in a single day and resuming down trend.

Head & Shoulder topping pattern along with Neo wave was shown on 24^th October 2024 during a live webinar.

Nifty hourly chart: anticipated on 24^th October 2024
Nifty hourly chart happened as on 13^th November 2024
Elliott wave analysis – Nifty hourly chart shows the formation of the top near 26200 levels completed the entire rise and the fall was sharp and fast in form of wave a.

As per Neo wave two stage confirmation the entire rise got retraced in faster time indicating that the prior up move was complete and the down move has started.

Later on 4^th of November we had 55 Days time cycle which hinted towards the short term bounce back.

Prices after forming a low in form of wave c near 23800 showed upside pullback or retracement back towards 24537 levels which completed wave d of Diametric pattern and broke below the trendline near 23980 levels.

It was below 23980 when we again warned of possible downtrend to resume in form of wave e of Diametric pattern and prices fell by more than 300 points in single day.

The above charts clearly shows how prices are moving in lock step fashion as per the Neo wave whereas Time cycles are helping to identify the area of pullback.

Time cycles have turned negative for another 40 days as long as prices do not close above 24200 levels and target of 23300 is also derived using FLD of Time cycle not just Head & Shoulder pattern.