Nifty Above 25k, Nifty IT to BLAST! Be Ready!

Nifty is headed to lifetime high levels, Nifty IT has been bullish since past few months and can now see a sharp rally across the IT space.

The charts of Nifty and Nifty IT is picked up from the latest monthly research report that also shows long-term targets on Sensex – know more over here

 Nifty daily chart published in monthly research on 22^nd August 2024Hourly chart published in monthly research on 22^nd August 2024
Nifty IT sector
Nifty short term Neo wave outlook – Nifty short term daily and hourly charts show the low formation on 55 days time and the internal counts for ongoing up move post election low in June 2024.

We have tweaked the internal counts of the rise and it seems the trend that started from 4^th June 2024 low is still forming a Diametric pattern. Within this wave g on upside is ongoing which measures equality target approximately near 25361. This is also the Gann square of 9 levels we have been talking about earlier in our webinars and short term research report.

Nifty hourly chart – shows amazing movement as per Neo wave. The entire time cycle with Neo wave cannot be more accurate than this. Prices have already rallied on upside above 25k and is headed to the target of wave g of Diametric pattern which is at 25361 or higher.

Nifty IT sector – as published in monthly research

We have been mentioning about bullishness in IT sector over past few months and that has been playing out very well. Only a few were expecting IT stocks to perform at that time but we have shown bullish breakout possibility when the index was near 33500 levels in few months back research report. IT sector has now given a breakout and should head towards 59300 levels. Chart is shown below: 

The next page shows long term forecast of Sensex and where do we stand now! – know more here

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Is it Possible to identify early reversals using 89 period Time cycles?

It is fascinating to see how accurately Time cycles can predict early reversals on the Bank Nifty Index, in the same way as stocks. 

Is it possible to Time the Index? Can we use methods to predict when Index prices will reverse with the exact date and time? 

Look at the below chart of Bank Nifty with time cycle applied on 15 minutes time frame chart that was anticipated on 17th August 2024 in our Webinar with 1000s of participants

Bank Nifty 15 minutes chart: Anticipated on 17^th August 2024 in Saturday Webinar. 

Bank Nifty 15 minutes Chart: Happened on 22^nd August 2024

Time cycle works well to catch early reversals even on shorter time frames like 15 mins, 5 mins. For Bank Nifty, 89 period Time Cycle works extremely well on 15 minutes time frame. As expected, we successfully captured short-term pullback. Prices made low exactly near our cycle on 19^th August at 1:45 pm which was predicted in our webinar held on 17th August 2024. Index showed upward momentum of more than 700 points. 

Next date and time to track is on 23rd August at 11:00 am, one can look out for buying opportunity near the same. 

BRAHMASTRA - Learn to Trade Stocks, Commodity or Options by combining these techniques of Volume profile, Open Interest profile, Time cycles along with Neo wave in Brahmastra (Mentorship) with lifetime association. Know more

Nifty Options Trading with Volume Profile, Open Interest!

Nifty volume profile shows big players activity both from positional and intraday perspective. 

Options Trading with Open Interest and Volume profile is one of the classic way to trade. 

Nifty hourly Volume profile - 

Nifty Keltner Channel 15 minutes chart

Nifty Volume profile measure volume taking place at that price point which is different than the volume taking place on a specific day. The chart shows both cumulative volume and intraday volume.

Cumulative Volume profile – shows accumulation near 24350 levels which recorded highest volume. This is the area where big players created their positions. Post that we can clearly see sharp rise on upside.

Session Volume profile – this is intraday volumes and can be seen along with candlestick chart. As can be seen highest volume on 16^th August took place near 24595 (Fut) levels. This shows that traders are creating fresh positions around this level. Now a break above resistance near 24650 spot will suggest resumption of up move towards the upper target level of 24830 (fut).

Options Trading combining this information with Keltner channel and KST – By knowing the activity of traders it becomes easy to trade Options. Keltner channel breakout happened on 16^th August and KST entered into positive zone. This was again a classic confirmation for the traders to enter right along with big players.

In a nutshell, Options Trading by understanding volumes along with Keltner channel and KST breakout technique can be a powerful trading strategy especially for Options buyer. Now that huge volume occurrence on intraday near current levels has happened, confirmation on Keltner channel directly on Options chart can provide reversal trade setup. 

BRAHMASTRA - Learn to Trade Stocks, Commodity or Options by combining these techniques of Volume profile, Open Interest profile, Time cycles along with Neo wave in Brahmastra (Mentorship) with lifetime association. Know more

PCBL 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 PCBL, affirms this theory and makes one trade more confidently and with certainty! See below our prediction on PCBL, a momentum stock that has rallied by more than 30% in just 5 trading sessions.

We published PCBL in "The Financial Waves Short Term Update" on 31^st July 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

PCBL Daily chart Anticipated as on 31^st July 2024.

PCBL Hourly chart Anticipated as on 31^st July 2024. 

PCBL has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 10.76%.

On the daily chart, in the previous session prices formed a bullish candle. A daily close above 344 level will confirm breakout of the rounding bottom pattern. Currently, price is trading above the ichimoku cloud which indicates that the short-term bias is likely to remain bullish.

As shown 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 series of dots placed below the price which is deemed to be a bullish signal. Closest support is placed at 313.

In short, trend for this stock is positive. Use dips towards 325-328 as a buying opportunity for a move towards 360-365 levels as long as 313 holds on the downside

PCBL Daily Happened Chart as on 14^th August 2024. 

Happened – The stock has moved as we anticipated. After breakout, the stock has achieved our target in just 3 trading sessions and has rallied more than 30% in just 5 trading sessions, despite market volatility. Currently the stock is trading at 395 levels. We advise that one should look for buying on dips approach to enter into the trend until 370 remains protected on the downside.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more

Is it possible to identify early reversals using 89 Time cycles?

It is fascinating to see how accurately Time cycles can predict early reversals on the Bank Nifty Index, in the same way as stocks. 

Is it possible to Time the Index? Can we use methods to predict when Index prices will reverse with the exact date and time? 

Look at the below chart of Bank Nifty with time cycle applied on 15 minutes time frame chart that was anticipated on 03rd August 2024 in our Webinar with 1000s of participants. 

Bank Nifty 15 minutes chart: Anticipated on 03^rd August 2024 in Saturday Webinar. 

Bank Nifty 15 minutes Chart: Happened on 12^th August 2024 

Time cycle works well to catch early reversals even on shorter time frames like, 15 mins, 5 mins. For Bank Nifty, 89 period Time Cycle works extremely well on 15 minutes time frame. As expected, despite of sharp fall, we successfully captured short term pullback. Prices made low exactly near our cycle on 7^th August at 1:00 pm which was predicted in our webinar held on 3rd August 2024. Index showed upward momentum of more than 900 points. 

Next date and time to track is on 13^th August at 10:15 am, one can look out for buying opportunity near the same. 

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more

AURUM Bang On- Combining Rounding Bottom with ADX!

When one combines basic price patterns and price indicators, it can lead to interesting results! See for yourself how we were able to capture such a significant move in AURUM. Take a look at how we chose AURUM, a momentum stock that has rallied by more than 16%.

We published AURUM in "The Financial Waves Short Term Update" on 05^th August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

AURUM Daily chart Anticipated as on 05^th August 2024.

AURUM Hourly chart Anticipated as on 05^th August 2024.

AURUM has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 7.02%.

On the daily chart, in the previous session prices formed a bullish candle. Price has closed above 186.50 level which confirms 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 27.27 giving an indication of a trending market. The reading above 25 means strong directional strength.

As shown 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 series of dots placed below the price which is deemed to be a bullish signal. Closest support is placed at 175.

In short, trend for this stock is positive. Use dips towards 184-186 as a buying opportunity for a move towards 198-200 levels as long as 175 holds on the downside.

AURUM Daily Happened Chart as on 9^th August 2024.

Happened – the stock moved as we anticipated. After the breakout, the stock rallied more than 15% and achieved the expected targets. Also, Aurum made a fresh high at 214 levels on 6^th August.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more  

CENTENKA Bang On- 2 Best Indicators You Cannot Miss!

Sometimes simple price pattern along with price indictors creates wonder if one combines it together! See yourself how we identified such a massive move in CENTENKA. Check out how we accurately predicted on the possible up move on CENTENKA which has rallied more than 9% in just 2 trading sessions.

We published about CENTENKA in "The Financial Waves Short Term Update" on 7^th  August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

CENTENKA Daily chart anticipated on 7^th AUGUST 2024 

CHEMFAB Hourly chart anticipated on 7^th AUGUST 2024 

Wave Analysis:

CENTENKA has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 13.13%.

On the daily chart, in the previous session prices formed a bullish candle. Price is moving in a rectangular range over the last few days indicating accumulation in the stock. If price closes above this trading range will results into a bullish breakout of the rectangular 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 applied parabolic SAR which used to determine the price direction as well as draw attention to when the price direction is changing. A series of dots placed below the price which is deemed to be a bullish signal. Closest support is placed at 630.

In short, trend for this stock is positive. Use dips towards 655-660 as a buying opportunity for a move towards 710-720 levels as long as 630 holds on the downside.

CENTENKA Daily chart happened as on 8^TH August 2024 

Happened – The stock has moved as we anticipated. Prices showed a rise of 9% after a dip and achieved targets of 710-720 and made a high of 734.90 in the today’s session. We successfully captured move of more than 9% in just two trading days despite the broader market turndown.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship, Know more

BankNifty - How to Identify a move by combining Elliott wave and Price

In our monthly research report, we published about Bank Nifty in July 2024 and predicted a cautious stance in case of a breach of support levels in the upcoming trading sessions. Check out the research we published on 16^th July 2024.

Below is the chart which shows a detailed analysis of Bank Nifty which helped to derive support levels of 51700 using Elliott Wave technique. We recommended to trade this index with caution when it was trading near 52400 levels and it breached the support levels in just 4 trading sessions.

Bank Nifty Weekly Chart Anticipated on 16th July 2024

Bank Nifty Daily Chart Anticipated on 16th July 2024

Wave Analysis:

In the month of June, Bank Nifty increased by more than 6% and made a fresh record high near 53180 levels.

On the weekly timeframe, not a single weekly candle has given a close below previous week's low since 10th June which keeps undertone on the positive side. We can see that the prices are trading close to the upper end of the Bollinger Bands®, hence 53300 continues to be key resistance levels. However, since past 2 weeks Index is forming neutral candles suggesting reduction in momentum. As per wave perspective, wave g is still unfolding on the upside.

On daily chart, we can see that since start of July month Bank Nifty has lost its momentum, which is visible in the chart as it continued to trade in a range of 52000-52850. So, a breakout of it is needed to understand further trend. Also, prices seen to be hovering around the mid bands suggesting indecision.

In a nutshell, Bank Nifty is at deciding point. A break above 52850 is must for fresh buying to emerge with the targets of 53300 followed by 54000. Whereas on the downside 52000 followed by 51700 are the key support levels to watch out. A breach below it will be a sight of concern!

Bank Nifty Daily chart (Happened as on 07^th August 2024)

Happened: Post recommending a cautionary stance on Bank Nifty, the index completed wave g on the upside and breached the support levels in 4 trading sessions. As expected, the index nosedived -5% post completion of wave g and is currently trading near 49985 levels.

In nutshell, the overall trend remains bearish on Bank Nifty, one can use pullbacks to sell, as long as 51100 remains protected on the upside.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more

Is it possible to identify early reversals using 43 Time cycles?

It is fascinating to see how accurately Time cycles can predict early reversals on the Nifty Index, in the same way as stocks.

Is it possible to Time the Index? Can we use methods to predict when Index prices will reverse with the exact date and time?

Look at the below chart of Nifty with time cycle applied on 15 minutes time frame chart that was anticipated on 03^rd August 2024 in our Webinar with 1000s of participants.

Nifty 15 minutes chart: Anticipated on 03^rd August 2024 in Saturday Webinar.

Nifty 15 minutes Chart: Happened on 05^th August 2024

Time cycle works well to catch early reversals even on shorter time frames like, 15 mins, 5 mins. For Nifty, 43 period Time Cycle works extremely well on 15 minutes time frame.  As expected, despite of sharp fall, we successfully captured short term pullback. Prices made low exactly near our cycle on 5^th August at 12.45 pm which was predicted in our webinar held on 3^rd August 2024. Index showed upward momentum of 450 points.

Next date and time to track is on 07^th August at 11:00 pm, one can look out for buying opportunity near this.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship. Know more

Nifty Crash predicted, Neo wave cannot be more accurate!

Neo wave along with a simple price indicator helps to form powerful setups with good accuracy. In the previous weekly webinar attended by 1000s of participants on 02nd August 2024 we anticipated possible correction in Nifty. Nifty moved precisely, and achieved target 1 in just one day.

Nifty Hourly chart: Anticipated on 02^nd August 2024 in Weekly webinar.

Nifty Hourly Happened as on 05^th August 2024

Nifty Path ahead was discussed during Friday’s weekly webinar. In this webinar, we had advised a change of stance to sell, and prices crashed! As expected, we can see that wave g has been completed on the upside and target on the downside was achieved in just 1 day. This is the power of Neowave and Time cycle. It makes you fearless, go against the majority and trade more confidently.

In Nutshell, the overall stance remains bearish, use pullbacks for downside targets of 23800 followed by 23640.

Brahmastra (Mentorship) on Timing the market - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship, Know more.

Nifty Headed for Sudden Reversal or More Steam Left?

Nifty touched lifetime high levels above 25000 and showed short term profit booking.

Is it time to book profits or continue to ride the trend?

Let us look from Elliott wave perspective and understand the maturity of trend.

Nifty Weekly chart alternate scenario:
Nifty Daily chart:
Nifty has continued to move in unprecedented way. Since the low formed on 4^th of June 2024 on Election day, prices have still not reversed as per the simple 3 candlestick rules. There is yet no close below prior low along with low below prior low and high below prior high. (C<Lp, L<Lp, H<Hp) This is simplest condition that needs to satisfy to indicate atleast a pause in uptrend if not reversal.

It has been record 40 days since prices have not reversed on downside. We do not remember any such instance where the simple 3 candlestick rules helped to catch 40 days of up move and yet no reversal.

We turned super bullish on 5^th June as the Time cycles were turning on upside and prices were near 22398 levels. From there Nifty touched intraday high of 25078 levels, move of nearly 2700 points.

Neo wave perspective - Alternate scenario – We are showing alternate possibility in This shows that the earlier fall from 2022 to entire 2023 was wave (x). This suggests that post completion of ongoing Diametric pattern prices can move lower in form of wave (x) and will resume the positive trend after that. This wave (x) can take a few months to complete and February 2025 will be ideal time for the completion of the same.

Over short term prices have continued to move up in the form of wave g and has already crossed above the equality target to that of wave a. From wave perspective the trend looks matured but there is no negative confirmation as of now.

We need to get faster retracement of the last rising segment to confirm that the up move is reversing. We can see on short term hourly chart that the last rising segment is from 24774 levels. So break below this level will be first sign of reversal. Until then trend remains positive but shorting puts might be better option rather than buying calls.

In a nutshell, Nifty trend is positive and break above 25080 to extend this rally to Gann level of 25361. Any move below 24920 followed by 24774 will indicate short term correction is starting until 16^th August 2024 as per Time cycle.

Brahmastra on Timing the market – Learn to trade with an edge of Time in upcoming Mentorship program with complete handholding, Stock selection using Algo, Elliott wave, Neo wave, risk and money management strategy along with Options scalping strategy. Know more