NEOGEN Bang On- Two powerful indicators you cannot miss!

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 Neogen. Take a look at how we chose Neogen, a momentum stock that has rallied by more than 14% in a single day from the lows. 

We published Neogen in "Vayu Momentum report" on 20th September 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published. 

NEOGEN Daily chart Anticipated as on 20^th September 2024.
Analysis as on 20^th September 2024

NEOGEN showed a sharp rally in the previous session of more than 15.45% in a single trading day! The stock is moving in a rectangular range over the last few days indicating accumulation in the stock. A weekly close above 1930 will confirm the breakout of the said pattern. MACD is above 0 and the MACD line crossed above the MACD signal line which indicates that bullish momentum has increased in this stock and may continue in the coming session.

Key Resistance: 2370

Key Support: 2050

Strategy: Use dips towards 2140-2160 as a buying opportunity for a move towards 2350-2370 levels as long as 2050 holds on the downside.

NEOGEN Daily Happened Chart as on 10^th October 2024
Happened. The stock moved as we had anticipated. Neogen gave a breakout out of a consolidation with huge volume which was a bullish sign. After a dip, prices moved as expected and witnessed a sharp rise, gaining more than 14% and achieved both targets on the same day itself.

Want to know more about such stocks like Neogen is on the mark! subscribe to our Vayu Momentum Research Report: Get a list of stocks with high growth potential: Check Here

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Bank Nifty Targets using Neo wave and Bollinger Bands

Elliott wave is the GPS of the market that helps to understand the overall maturity of the trend. Banknifty has been moving precisely as per neo wave count. Checkout this example of how we applied Bollinger Bands and Neo wave to identify this rise. Following research is picked up from daily Agni Bank Nifty report Bank Nifty Daily Anticipated as on 9^th October 2024

Bank Nifty Hourly Anticipated as on 9th October 2024
Wave analysis anticipate as on 9^th October 2024

Bank Nifty showed sharp decline post completion of wave (c) at the highs of 54467. We can see that entire wave (c) is retraced back in faster time as the starting point of wave c is broken in faster time that it took to form. We can see the break has happened much before 18th October 2024 that confirms that the overall uptrend is in danger and we might have entered into sell on rise market from medium term perspective.

Over short term, we can expect pullback from oversold condition but that is not necessary. Support on downside is near 50800 and breach below the same will be bearish for move to 50200 or lower. On upside break above 51300 will indicate completion of wave a at the lows and start of wave c on upside which can retrace a part of the fall.

In a nutshell, Bank Nifty is at crucial juncture. The medium-term trend looks to have reversed on downside whereas over short-term minor pullback is possible as long as 50800 remains intact on hourly closing basis. Break above 51300 to result into retracement to 51900 levels. Movement can start 15 to 20 minutes post RBI policy announcement.

Trading strategy (Spot): Short positions can be created below 50800 with 51000 as stoploss and target of 50450(One can book part profit near 50600-50650 and trail stoploss to cost). Long positions can be created above 51300 with stoploss of 51100 and target of 51500 levels.

Bank Nifty happened as on 9^th October 2024
Happened: In today’s report we mentioned about possible short covering and Bank Nifty moved precisely as expected and prices showed sharp pullback on the upside after RBI kept repo rate unchanged at 6.50%. Bank Nifty breached important resistance of 51300 and achieved our target of 51500 and made high of 51707. 

AGNI (Index trading research and advisory) – Get access to index trading strategy along with Nifty levels on daily basis with research reports, options calls and strategy along with trading course that too under exclusive offer open only for limited time – Know more

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Nifty 55 Days Time with FLD Targets!

Nifty has been moving in volatile fashion over past few days. Prices managed to close back on 25000 levels on 8^th October 2024.

It is important to see the outlook from Time cycle perspective.

Nifty daily chart – 55 Days Time cycle

Nifty hourly chart:

Nifty first chart shows 3 vertical lines which are time cycles. The middle line is the main 55 Days Time cycle line. The date as per this is near 4^th November 2024. This indicates that near to Diwali we might start seeing positive price action again and post Diwali market should remain stable until end of November 2024.

Future Line of Demarcation – FLD: This is Time indicator that gives price target on intersection. We can see that prices closed below this line on 7^th October but managed to again close near it on 8^th October. To get further confirmation any break below 24690 will increase the odds that the intersection is confirmed and then it will open downside targets for 23600 levels.

We will revisit the above scenario once there is a confirmation by break below 24690. As long as same is intact short term pullback is possible towards 25080 followed by 25290 levels.

In a nutshell, time plays vital role for decision making ability for traders. The concept of time can be applied even on 15 minutes chart and 5 minutes chart that too on stocks. For Nifty, prices closed at important juncture with 24690 crucial over next few days. Breach below it will be strongly bearish. As long as same is intact short term pullback cannot be ruled out for move to 25290 levels.

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Brahmastra (Mentorship) – Learn the science of trading with complete handholding and live trading sessions, along with stock selection algos, Options trading combined with Neo wave strategy. Know more

Nifty Crashed! What is Next? China is Culprit?

Nifty moved sharply lower over past few days. We can clearly see money is flowing out of India and into China & HongKong.

Below chart shows Nifty compared to Hong Kong index – Hang Seng

Nifty 15 minutes chart – Anticipated on 4^th October 2024

Happened as on 7^th October 2024:

Nifty & Hang Seng index are showing inverse relationship that indicates that money is flowing out of Indian equity markets into undervalued China and HongKong stocks.

In order to understand the overall movement of Nifty with respect to short term Neo wave pattern let us look at 15 minutes chart.

Anticipated - We can see the first chart that showed fall in form of 7 legs Diametric pattern and prices to fall in form of wave e. This was anticipated on 4^th October live webinar where the path was discussed for a move to 24700 levels.

Happened: Nifty moved precisely as expected & touched the intraday target of 24700 in form of wave e. Prices are now showing short term consolidation in form of wave f. Post this completion wave g on downside will resume that can take prices to 24600 levels. On upside 25140 continue to act as important hurdle.

Following was tweeted on basis of above in morning on 7^th October 2024 –

Above clearly shows that it is possible to translate understanding of Neo wave into trading opportunity and the levels work precisely.

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Multibagger Stock: Sun Pharma up by 47% in just 8 months!!

We published about Sun Pharmaceuticals in our Jal Multibagger stock report and predicted the possibility of multi-bagger returns in the coming 1-2 years. Check out the below research we published on 19^th January 2024 

This stock has managed to hold its gain and gave more than 47% returns in 8 months of span and made a life time high of 1960 levels. 

Sun Pharma Weekly Chart with Time cycle Anticipated as on 19^th January 2024
Sun Pharma Weekly Chart Anticipated as on 19^th January 2024
Multi-bagger stock recommendation: Sun Pharmaceutical 

Buy Price – Buy at CMP 1335 more on dips 

Time Horizon –1 to 2 years 

Investment – 5% of capital 

Target price –?? 

Stop loss - ?? 

Anticipated as on 19^th January 2024 – Elliott Wave Theory: 

Sunpharama weekly chart shows the amazing work of the channel. Recently, prices recovered from the multiyear channel support on the upside. Additionally, the stock has currently retraced more than 78.6% of the prior leg. 

Prices are currently trading at uncharted territory. As shown in Weekly chart of Sun Pharma, post completing primary wave (4) we are currently moving in wave (5). Wherein internal wave 3 of (5) is unfolding on the upside.  

Sun Pharma Weekly Chart Happened as on 19^th January 2024 
Happened: 

The stock has been moving in sync with our expectations. The stock has shown sharp rise on the upside which is overall 47% from the levels mentioned in our report in just 8 months of span!!! It has touched its fresh record high near 1960 levels recently and currently it is quoting near 1925 levels. The overall up move has been strong and we expect prices to achieve its target of.....levels in coming months. 

Want to know more about such stocks like Sun Pharma subscribe to our JAL-Multibagger Research Report: Get a list of stocks with high growth potential Check Here

Sutra of Waves (SOW) & Trishul – The most advanced technical analysis training on Elliott wave, Neo wave with Ichimoku cloud, and 2-stage confirmation technique is scheduled for 5^th & 6^th October 2024. Empower yourself to forecast the market right from the very minute, to Days and years. Only a few seats left, Know more