Friday, December 27, 2024

RVNL 105 Days Time Cycle, Time to Buy?

Time Cycle helps to understand if the overall trend is going to reverse back on upside. This is advanced technical analysis method which is used for timing the market.

RVNL is following 105 Days Time cycle very well and we can clearly see that prices are forming low every time it approaches near to this cycle.

RVNL Daily chart with 105 Days Time cycle
J.M. Hurst is known as the father of Time Cycles. He identified that there are a set of standard cycles that work across markets. We need to identify the time cycle working on that stock or index.

While buying a stock one is buying two parameters – price and time.

RVNL follows a Time cycle of 105 Days which is derived using Hurst’s Time cycle method.

Time trading has to be combined along with price action for precise entry. This cycle has resulted into prices turning on upside on most of the occasions. Recently stock made low precisely near our cycle which was due by 11th November 2024. After which, prices started consolidating. For now, any breach above 485 levels will turn cycle on the buy side. Post which upside rally in this stock is expected. On the downside 408 levels should remain protected which is a cycle low. The above scenario will be invalid if 408 levels is breached. 

So, by combining this science of Time trading one need not worry about missing out on the trend as if time is in favor, then one can predict moves well in advance!

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Nifty Path Ahead by using Advance tools

Advanced Elliott wave – Neo wave helps to understand the overall maturity of trend and provides the probable path prices can follow. It is important to combine the application of wave theory along with price action for the clear trade setup and to stay objective.

Following research on Nifty is picked up from Agni Nifty Short-term Update dated on 26th December 2024 which our subscribers receive daily before market opens.

Nifty Daily chart as on 26th December 2024.
Nifty Hourly chart as on 26th December 2024.
Nifty Advance Decline ratio chart
Nifty since past 13 consecutive days have still not managed to close above the prior day’s high with a low above the prior low and high above the prior high. So, 3 candlestick rules have been bearish for 13 days in a row. Post the sharp selloff, prices are now consolidating in a range of 23630-23870 since the start of this week.

As per wave perspective, this ongoing consolidation might be in wave d. Break below 23630 followed by 23530 will indicate that wave d has completed on the upside and the next leg has started unfolding on the downside in form of wave e for trend backwards to 23330 or lower levels.

Above Advance/decline ratio chart is consistently flat which suggests lack of conviction amongst buyers and sellers which leads to low momentum in the index. Volatility can again start increasing post the consolidation breakout. So, for now one should trade cautiously. In the current market it is best to create bear strategy on options once the key level of 23630 levels breaks which will minimize the risk and also will ensure to ride the trend.

In short, overall trend for Nifty to continue to be sell on rise unless prices give a close above 23870 which will indicate short term pullback. A breach below 23630 followed by 23530 downward trend will resume.

AGNI (index) Research – Get access to daily research reports and advisory calls on Nifty, Bank Nifty, and Finnifty along with charts, and options strategy, at up to 70% OFF, Know more

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Bank Nifty path ahead using 89 period Time cycle

 It is fascinating to see how accurately Time cycles can predict early reversals on the Nifty Bank 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? See below detail research about it.

Bank Nifty 15 mins chart with 89 period Time cycle
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. Recently, as expected, prices made low exactly on our cycle on 23rd December 9.15 am. Prices showed sharp pullback from it on the upside of more than 700 points in just 2 days. For now, a break above 51500 can turn cycle on the buy side which will result into fresh buying in the Index.

Next cycle is due by 27th December 2024. This means that current cycle low of 50600 should remain protected before 27th December 2024. For now, one can look for buying opportunity if price breaches above 51500 levels.

In nutshell, by combining this science of Time trading one need not worry about missing out the trend as if time is in favour, then one can predict moves well in advance.

AGNI (index) Research – Get access to daily research reports and advisory calls on Nifty, Bank Nifty, and Finnifty along with charts, and options strategy, at up to 70% OFF, Know more

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Sunpharma path ahead with 2 powerful indicators you cannot miss!

 Elliott wave helps to understand the overall maturity of the trend and if the rise is sustainable or not.

Following research is picked up from Vayu Momentum short term update dated on 20th December 2024 which our subscribers receive daily before market opens.

Sunpharma Daily chart with Elliott wave

Pharma sector since 18th December outshined all of the sectors with major Pharma stocks like Cipla, Dr. Reddy’s and Lupin extending their gains. However, Sun Pharma is currently trading in a range of 1775 levels to 1835 levels. The stock is on the verge of a breakout, a break above 1835 levels can suggest fresh buying to emerge. Prices are about to give a breakout of the upper Bollinger Bands®. Also, KST is trading near its zero line after a crossover suggesting that good momentum is likely to build up in this stock.

Stock is following classic Elliott wave Theory. The entire rise from May 2023 is in form of primary wave (3). Wherein, currently internal wave 2 looks to have completed on the downside. A break above 1835 levels will confirm the completion of wave 2 on the downside and then the rise will be in form of wave 3.

In short, overall positive momentum is building up in Sunpharma. For now, a break above 1835 levels can lead to a rise towards 1900-1910 levels or higher. On the downside a break below 1775 is the crucial support

Want to know more about such stocks Sunpharma 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

Bank Nifty Targets using Neo wave and price action

 Neo wave is the GPS of the market that helps to understand the overall maturity of the trend. Neo wave is a method that is used to identify price pattern and predict market movements. Bank Nifty has been moving precisely as per neo wave counts. Checkout this example of how we applied Bollinger Bands and Neo wave to identify this fall of more than 1300 points and made a low of 51263 levels.

Bank Nifty moved as anticipated and Bang on!! We achieved both our targets in two trading session.  The following research is picked up from the daily Agni Bank Nifty report
Bank Nifty Daily Chart: Anticipated as on 18th December 2024
Bank Nifty Hourly Chart: Anticipated as on 18th December, 2024
Wave Analysis as on 18th December 2024:

In the previous session, Index remained under pressure for the whole day after FII continues selling. Bank Nifty showed a correction of more than 700 points. In this fall, AU Bank, IndusInd Bank and Canara Bank were the major contributors. At the end, prices formed a strong bearish candle and also gave a close below previous day's low which is a sign of weakness.

Currently all eyes are on US Fed monetary policy outcome as it will affect market sentiments. Currently prices are trading close to important price action area which is near 52580 levels. A close below it will confirm about the daily trend change to negative side.

On the hourly chart, wave a (blue) got completed on the upside and now the fall is in form of wave b. To understand wave pattern further price action is needed. 

In nutshell, overall Bank Nifty is at important juncture. Next 2 days price action will help to set the tone. For now, a break above 53200 is must for fresh buying to emerge. While on the downside a break below 52580 can resume selling with the targets of 52180 or lower.

Trading Strategy for Bank Nifty (Spot)- short positions can be created below 52580 with the targets of 52180 followed by 51800 and stoploss of 52980 levels.

Trade set up for Positional Futures – Futures positions can be initiated as per spot levels given above.

Trade set up for options: Buy 24th Dec 52800 PE if Bank Nifty breaks below 52580 spot levels and follow above strategy as per spot for risk reward.

Bank Nifty Hourly chart: Happened as on 19th December 2024
Happened- As we were bearish on Bank Nifty, the index moved as expected and lost more than 1300 points in the matter of 2 trading days and Bang On!! Bank Nifty achieved both our given targets and made a low of 51263 levels in today’s session. We were able to capture this entire fall with the help of Neo wave.  

Neo wave works well on stocks as well as on indices. One can easily derive the path ahead by combining it with simple indicators which can lead to surprising results!!  

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

Eid Parry: Bang on with two powerful indictors

 Simple price pattern along with price indictors creates wonder if one combines it together! See yourself how we identified such a massive move in Eid Parry. Check out how we accurately predicted on the possible up move on Eid Parry which has rallied and achieved our target in short span of time.

We published about Eid Parry in "Vayu Short Term Update" on 4th December 2024 which our subscribers receive pre-market. Check out below the detailed research report that we published.

EIDPARRY Daily chart anticipated as on 4th December 2024
Anticipated as on 4th December 2024

EIDPARRY since 25th November was consolidating near in a narrow range of 845-880 levels. In the previous session, prices have given a breakout of the consolidation with a rise volume and managed to make a fresh high of 918 levels.

On the daily chart, since the past 2 days prices have managed to protect prior day’s low and finally gave positive breakout. Currently, prices are trading near the upper Bollinger bands®, follow up buying is must for positive momentum to continue. Also, RSI is trading at 65 levels giving prices the space to trend further.

In a nutshell, the current trend for EIDPARRY has shifted on the positive side. A break above 920 levels can lift the prices towards 960 or higher.

Key Resistance: 990

Key Support: 870

Strategy: Long positions can be created above 920 levels with targets of 960 followed by 990 levels with the stoploss of 870 levels.

EIDPARRY Hourly chart happened as on 18th December 2024
Happened: The stock has moved as we anticipated. Prices showed a rise of more than 8% after breaching 920 levels and not only achieved our both targets of 930 followed by 990(spot) but breached above it and made a fresh high of 997 in today’s session.

We successfully captured this entire up move with the help of simple price indicators like Bollinger Bands. One needs to combine it with price action for more accurate results!

Want to know more about such stocks Eid Parry 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

BSE on point with Price action and Elliott wave!

 Is it possible to capture massive moves in stocks using simple Price action with Elliott wave? Elliott wave theory helps to analyse market trends and identify trading opportunity. If one combines it with price action then it helps to determine powerful trade setups with highest accuracy.

Check out how we selected BSE which has rallied more than 3.50% since 13th December 2024. We published the following research on BSE pre-market on 13th December in the "Vayu Momentum Report” which our subscribers receive pre-market every day.

BSE Daily Chart: Anticipated as on 13th December 2024
Wave Analysis as on 13th December 2024:

On the daily chart, BSE is trading within an upward-sloping channel since more than a year. Prices have protected its prior day’s low since 4th December and has made a fresh high at 5717 levels which keeps the daily bias in favor of the bulls. Prices have recently given a breakout on the upside of a range of 4000 levels to 5000 levels and have surged more than 14% since. Also, RSI is trading near its overbought zone at 74 levels which suggests that instead of catching tops, use any decline as an opportunity to enter into the trend. On the downside, the nearest support is at 5430 levels. 

As per wave perspective, wave ii of wave 5 got completed on the downside and wave iii of wave 5 is ongoing on the upside, which is considered to be the strongest wave as per guidelines. Also, wave iii has retraced more than 50% of wave i.

In nutshell, the current trend for BSE is bullish. Buy on dips seems to be a prudent strategy which can led to a trending move towards 5780 followed by 5980 levels.

Trade Setup for Intraday Futures – Long positions can be created if stock moves towards 5590 and breaks above 5650 with 5620 as stoploss and target of 5680 followed by 5730. 

Trade Setup for Positional Futures - Long positions can be created if stock moves towards 5590 and breaks above 5650 with the stoploss of 5600 as stoploss and target of 5750. (One can book part profit near 5670-5690 levels and trail stoploss to cost.)

BSE 15 Min chart: Happened as on 17th December 2024
Happened- After we published the report, BSE moved as expected. After a dip, stock moved up and achieved both our given targets in Futures and options in just 2 trading sessions and made a fresh high of 5786 levels and surged by more than 3.50%.

We successfully captured this up move with the help of simple Elliott wave. It works well on stocks as well as on indices. One can easily identify reversals or path ahead by combining it with price action.

Want to know more about such stocks BSE 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

Infosys Bang on! using 36 Days Time cycle

 Is it possible to Time the market? Can we use methods that can predict when will prices reverse with exact date and time even on stocks?

Look at the below chart of Infosys with the time cycle applied on the Daily time frame chart that was anticipated on 23rd November 2024 in our weekly webinar with 1000s of participants.

Infosys Daily chart: Anticipated as on 23rd November 2024
Infosys Daily chart: Happened as on 16th December 2024
J.M. Hurst is known as the father of Time Cycles. He identified that there are a set of standard cycles that work across markets. We need to identify the time cycle working on that stock or index.

For Infosys, 36 period of Time cycle works extremely well on Daily time frame. Time trading has to be combined along with price action for precise entry. Infosys made low precisely near our cycle which was due by 18th November and we anticipated a positive reversal once it breaches above 1870-1880 levels. Bang on! The stock moved as expected and showed a rally of more than 7% in a short span of time and made a fresh record high near 2006.45 levels.

Time trading needs to be combined with price action for precise entry. It is also possible to derive price targets using the  Time concept.

Next date and time to track is on 9th January 2025. Around this time one can see the pattern and price action and if favourable can pull the trigger to capture another move in Infosys.

In nutshell, for now cycle low of 1795 should not be taken out before 9th January 2025 and as long as same is protected on the downside medium term trend is likely to remain on the positive side.

So, by combining this science of Time trading one need not worry about missing out on the trend as if time is in favor, then one can predict moves well in advance

For such levels and strategic insights, join our ASTRA Membership where you get expert analysis and actionable levels. Click here

Multibagger Stock: LTIMindtree Limited up by 8% in less than a month!!

 We published about LTIMindtree Limited in November 2024 and predicted the possibility of Multibagger returns in the coming 1-2 years. Check out the below research we had published on 22nd November 2024 itself.

This stock has managed to hold its gain and gave more than 8% returns in less than a month and made a fresh high of 6734 levels.

LTIMindtree Limited Daily chart anticipated as on 22nd November 2024
Multi-bagger
 stock recommendation: LTIMindtree Limited

Buy Price – Buy above 6200 levels

Time Horizon – 1 - 2 years

Investment – 5% of capital

Target price –??

Stop loss -??

Wave Analysis as on 22nd November 2024:

As seen in the above chart, the Nifty IT index was able to sustain at higher levels even though the Nifty fell in the first half of November 2024.Using advanced tools, we were able to identify one of such stocks in IT index named as LTIMindtree, which has recently given a breakout of the consolidated range and is expected to show good rally in coming sessions. On the weekly chart, LTIM closed above mid Bollinger Bands for the second consecutive week which is a positive sign. Now with follow up buying we can expect a move towards upper end of the Bollinger Bands®

As per wave perspective, from the lows of March 2020, this stock rallied by more than 500% in nearly 2 years of span and made a fresh record high around 7500 levels in form of primary wave 3, and then wave 4 got completed on the downside in the form of the triangle pattern. Now we are witnessing a rise is in the form of primary wave 5.

LTIMindtree Limited Daily chart Happened as on 12th December, 2024
Happened – the stock was in sync with our expectations and after breaking 6200 levels, the stock has shown rally on the upside and gained more than 8% in less than a month!! It has recorded its fresh high near 6734 levels. The overall up move has been strong and we expect prices to achieve its target of........levels in coming months.!

If you want to know more about such stocks like LTIMindtree subscribe to our JAL-Multibagger Research Report: Get a list of stocks with high growth potential Check Here

Monday, December 9, 2024

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 29th November 2024 in "Vayu Momentum Report” which our subscribers receive pre-market every day.

RAMCO Industries Daily chart anticipated as on 29th November 2024
Wave Analysis as on 29th 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!

If you want to know more about such stocks, RAMCO Industries 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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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 22nd November 2024
Bank Nifty Daily chart with Bollinger Bands – Anticipated on 22nd November 2024
Bank Nifty Hourly chart– Anticipated on 22nd November 2024
Wave Analysis as on 22nd 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 5th December, 2024:
Happened:

In our past monthly report, we mentionedif 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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Wednesday, December 4, 2024

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 27th November 2024 in "Vayu Momentum Report” which our subscribers receive pre-market every day.

PB Fintech Daily chart anticipated as on 27th November 2024
Wave Analysis as on 27th 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 4th 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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