HDFC Bank 53 Day’s Time Cycle working like magic!

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

HDFC Bank is following 53 Day’s Time cycle very well and we can clearly see that prices are forming low every time it approaches near to this cycle. See detail research below which is picked up from our daily Equity report which our subscribers receive daily before market opens.

See below how we have predicted this early move with the help of Time cycle!

HDFC Bank Daily chart (Anticipated as on 5^th December 2023)

Analysis as on 5^th December 2023

HDFC Bank has been rising over the past few days.  In the prior session, the stock finished the day up by 3.47%. 

HDFC Bank is following 53 Day’s Time cycle very well and we can clearly see that prices are forming low every time it approaches near to this cycle. Time Cycle helps to understand if the overall trend is going to reverse back on upside. As shown in above chart prices are bouncing back every 53 days. Recently prices made a low near our cycle which was near 1460-1470. Following that, the stock reversed to the upside and is still in an uptrend.

Prices closed above the previous day's high in the previous session, indicating a positive signal. Furthermore, prices have recently closed above the Ichimoku cloud. So, Time cycle, Indicators, and Price action are all in sync, indicating that the outlook for this stock is positive.

In short, trend for this stock is positive. Use dips as a buying opportunity for a move towards 1650 levels as long as 1560 holds on the downside.

HDFC Bank 53 Days cycle (Happened as on 21^st December 2023)

Happened

HDFC Bank moved precisely and after a dip moved up and achieved our target of 1650. In today’s session prices made high of 1676. HDFC Bank is the only stock from banking sector which has managed to stay at the top even when major Indices showed a sharp fall. We have witnessed power Time cycle which can be seen above chart.

For now, trend for HDFC Bank remains positive and soon we can expect a move towards 1700 levels. 

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Tata Consumer Bang On- Combining Elliott wave with Time cycle, You cannot Miss!

 We are seeing the best of FMCG sector stocks rally since past few trading sessions. We have been Bang on in anticipating this up move in TATA Consumer.

We published about Tata Consumer in November 2023 and predicted a possibility of good returns in the coming months in our Monthly Research report. Check out the research we had published on 17th November itself – Below is the detailed analysis of Tata Consumer and derived targets of 970 levels using Elliott Wave technique and Time cycle.

 

TATA Consumer weekly chart Anticipated as on 17^th November 2023

TATA Consumer Daily chart Anticipated as on 17^th November 2023

 

Wave analysis anticipated on 17th November, 2023

 

Tata Consumer products has shown strong outperformance over the years. Looking at the pattern development we expect this stock has further potential in the coming times! First chart shows that when FMCG sector is struggling to give breakout of the range and continued to move in a consolidation, however this stock has continued to rise and moving up in form of higher high higher low fashion. Let us understand detail Technical outlook of Tata Consumer for coming month.

 

In the weekly chart of Tata Consumer products, the stock is trading near the lifetime high levels. Stock is moving well within a Multiyear upward tilted channel. It completed primary wave 4 near 692 levels. Since then, the fifth wave has been unfolding which is further sub dividing. Internal structure of primary wave 5 indicates that prices completed intermediate wave ii near the trendline support and currently intermediate wave iii is unfolding on the upside. We have shown projection of wave iii. As per this, we expect wave iii to retrace 1.618% of wave I which comes near 1125 levels.

 

We have plotted Time cycle of 76 weeks. Tata Consumer is following 76 period Time Cycle as can be seen in the above chart. Red vertical line represents Time Cycle. We can see prices have bounced from near our cycle. Recently cycle turned onto buy side after a dip. So, we can expect upward momentum in this stock in coming sessions.

On the weekly chart, we have shown ichimoku cloud. Prices have closed and sustained above the Ichimoku cloud. Ichimoku can act as a support cushion. As per this, nearest support is near 810 levels.

To understand momentum, we have shown RSI which is trading above 60 which suggests that a good momentum can be seen.

In a nutshell, trend for Tata Consumer looks positive. A decisive breakout above 930 can open upside targets of 970 and finally to our ultimate target of 1128 which is 1.618 times of wave i. While on the downside 810 is near term support levels.

Happened:

TATA Consumer daily chart (Happened as 20^th December 2023)

As we predicted 1 month back if this stock give breakout of 930 levels on the upside then a good rally can be seen with the targets of 970. This tock has managed to surpass our target 1 level of 970 and recently made high of 991.30 which is more than 9% move in less than 1 month of span. This up move we have been able to capture with the help of Elliott wave, Time cycle along with price action.

Stock is currently heading towards our target 2 which is near 1128 levels. So, one can use buy on dips method for now with the targets of 1128(which is 1.618% of wave i) as long as 940 holds on the downside.

To know the in-depth analysis from Elliott wave perspective, get access to the “The Financial Monthly Update”. You can also find detailed analysis on Outperforming sectors and Global market views Subscribe here

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Multibagger stock for trading using Elliott wave!

Elliott wave is a simple yet powerful technique to form a good trading setup!

It is important to understand this concept properly before trading or investing. If applied prudently with proper understanding it is very much possible to take investment or trading decisions right from the smallest time frame for Intraday trading to long term charts for investment decisions.

See below research how we have derived path ahead for SHYAMMETL which is picked up from our "The Financial Waves ShortTerm Update" which our subscribers receive pre-market every day.

SHYAMMETL Daily chart path ahead

 

SHYAMMETL is trading at the fresh record high. In the previous session, stock closed with a gain of 0.51%. Stock is moving up by following classic Elliott wave theory. Currently Primary wave 3 is ongoing on the upside. As per guidelines wave 3 is the strongest one. Primary wave 2 got completed near 422 levels and since then we witnessed a rise of more than 27%.

In this entire rise base line(red) of the Ichimoku cloud has acted as a support cushion to prices. So, one can continue to go long as long as prices holds and stays above the base line which is near 492 levels. KST is suggesting that good momentum is likely to continue in this stock.

In short, outlook for SHYAMMETL is positive. Use buy on dips approach to ride the trend with the targets of 560-565 as long as 492 holds on the downside.

So, one can easily form trade setups or can derive path using Elliott wave, Fibonacci and KST! It works brilliantly if one combines it together.

Options Mantra -OM (16-17 Dec 2023) Online Videos and Sutra of Waves - SOW (20-21 Jan 2024) Live. Learn 5 Options Mantras, Waves Sutra (Neo Waves), Catching Major Tops and Lows, Ichimoku Cloud, and Keltner Channel. Both these modules is called BMW -Trishul, Know More 

Trading Momentum stocks to generate 8% returns!

By combining Elliott wave method along with patterns and price action it is possible to capture massive moves in stocks.

Check out how we selected Momentum stocks and was able to capture a Short-term move of 4% to 8% within a short span!

CLEAN Hourly Chart (Happened)

CLEAN was about to give a breakout of important resistance. Along with this, Elliott wave counts was also in sync. Once price action confirmed that’s when we shot the calls to our momentum advisory clients.

Along with this, the current rise is in form of wave iii of 3 which is considered as a strongest one. Stock generated 3.5% returns in short span!

Below are the momentum stocks which we picked up in the Month of November 2023.

KOPRAN Hourly Chart (Happened in November 2023)

KOPRAN achieved our target of 280 which is an 8% move from a single day!

KPRMILL Hourly chart (Happened in November 2023)

KPRMILL also showed move of 8% from our buying levels.

Below is the list of past 8 months calls performance for momentum!

In short, even the most basic Elliott wave technique can work its magic when combined with price action! Especially, if you know how to apply it correctly.

Subscribe to momentum advisory calls directly over here and get added to our premium telegram group. Click to subscribe to momentum research.

 Options Mantra -OM (16-17 Dec 2023) Online Videos and Sutra of Waves - SOW (20-21 Jan 2024) Live. Learn 5 Options Mantras, Waves Sutra (Neo Waves), Catching Major Tops and Lows, Ichimoku Cloud, and Keltner Channel. Both these modules is called BMW -Trishul, Know More 

JSW Steel: Price targets using Elliott wave!

Elliott wave have helped us to navigate the trend for the stock. JSW Steel continued to rally and achieved our target of 833 levels. Stock moved much higher and made a high of 862.8. You can also do that especially if you know how to apply Elliott wave along with technical indicator for powerful setups.

We published the following research on JSW Steel pre-market on 1^st December 2023 in "The FinancialWaves Short Term Update" which our subscribers receive pre-market every day.

JSW Steel Daily chart as on 1st December 2023 (Anticipated):

JSW Steel Daily chart as on 13^th December 2023 (Happened):

Wave Analysis as we published on 1st December 2023:

JSW Steel have just given a close above previous swing high. This is a good sign but follow up buying is must. In the previous session, stock closed with a gain of 0.99%. Along with this, supertrend has also just turned green. As per wave perspective, wave A is ongoing on the upside. So, overall signs are suggesting that outlook is likely to remain positive for coming sessions.

On the hourly chart, prices are moving up within an upward sloping channel. Wave c is unfolding on the upside. To understand wave pattern, we need more price action. Also, in this entire rise base line of the Ichimoku cloud has acted as a good support. So, any dip towards the same i.e. towards 794 would provide excellent opportunity to go long. 

In short, JSW Steel looks positive. A break above 810 can lift the price higher towards 833 as long as 787 holds on the downside.

Happened:

We can see that how wave count has helped us to find out the trend reversal for JSW Steel well in advance. After completing wave X near 724 levels we had mentioned possibility of up move in form of wave A and the stock moved as we expected. On December 1 2023, we derive target of 833 levels which was achieved within just 3 trading sessions. Stock moved way higher and made high of 862.8.

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