Positional Stocks To Trade Post RBI Policy!

RBI MPC Announcement: RBI keeps Repo rate unchanged at 5.15%. GDP growth for 2019-20 is revised downwards from 6.1% to 5% in the October policy.

During such events it is important to take trades based on some objectivity as index can exhibit a volatile move due to market sentiments in line with the event which might lead to stop hunting.

Below are the stocks recommended on CBNC TV18 based on precise methods and indicators such as channels, RSI, Fibonacci retracement and moving averages.

Following are the charts for Stock Advice given on CNBC TV18 today by Ashish Kyal, CMT

Bata India hourly chart:

Stock Analysis:

As shown on hourly chart, the stock is precisely moving within the channel. We can see that prices have exactly bounced off from 38.2% of wave (i). Now further break above 1700 confirms wave (ii) low is in place and wave (iii) is starting higher.

Muthoot Finance hourly chart

Stock Analysis:

As shown on hourly chart, the stock is in overall uptrend. Also we see that prices have exactly bounced from the channel support. Also prices are currently placed above the 100 day EMA which also indicates positivity. The RSI is also seen bouncing off from its oversold region.

You can also listen today’s full interview on CNBC TV18 which include Nifty overview and stocks recommendation with target and stop levels. Click here

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Following is the Bank Nifty call given on the policy day and positional stock call:

Time: 12.33 pm BANKNIFTY DEC FUT BUY ABOVE 31851 SL 31750 TGT1 31931 TGT2 31971

BANKNIFTY DEC FUT BUY CALL GIVEN TGT 1 ACHIEVED AT 31931 -at 1.11pm

BANKNIFTY DEC FUT BUY CALL GIVEN TGT 2 ACHIEVED AT 31971 -at 1.45pm

POSITIONAL CASH BALKRISIND BUY ABOVE 925 SL 906.5 TGT 952.8 — given on 5^th December at 3.16pm

POSITIONAL CASH BALKRISIND BUY CALL GIVEN BOOK PART TP AT 940 AND TRAIL STOP TO COST —- given today at 11.13am (still open for tgt)

ICICI Bank classic Diametric pattern with channels, Moving average

Neo wave is advanced of Elliott wave which defines new patterns like Diametric . Most of the stocks and indices are exhibiting this pattern and recent move seen in ICICI Bank is also a classic example of this. So, how by knowing a pattern help in trading?

Look at the below chart of ICICI Bank published in the equity research report on 3^rd November morning before markets opened – The Financial Waves short term update

ICICI Bank 60 mins chart:

Wave analysis: Following was mentioned on 3^rd November when the stock was near 511 levels.

ICICI Bank has been steadily rallying making new lifetime highs. The rise has been not impulsive as we can see overlap between the retracing waves.

On the daily time frame, (mentioned in the actual research report)

On the shorter time frame price can be seen rallying within the rising channel and is currently trading near the channel support. The entire rise is in form of a Diametric pattern and prices are currently in wave g. This is the reason why there is loss of momentum but as long as the support levels are intact it is better to stay positive with caution.

In short, trend for ICICI bank looks sideways to positive. A break above 520 can continue the rally towards ……. as far as ……… remains intact on the downside…..

The above clearly shows that since we knew the pattern forming is Diametric we maintained bullish stand and also the channel support along with Moving averages worked amazingly well. ICICI Bank is currently up by 3.78% today and touched the high of 531 levels.

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#Nifty #Gann #BollingerBands life time high levels

#Nifty touched life time high at 11150 levels, #Gann #BollingerBands and
#Elliottwave are all in sync. For #momentum and #multibagger stock
views visit https://www.wavesstrategy.com/

SBI 11% Move in 8 Trading Days Fibonacci (How To Forecast)

Elliott wave applied on SBI provided very precise forecasting ability. SBI had been in a strong uptrend over many weeks now.

Is there a way to enter into the up move in middle of the trend and still manage to capture 11%? Yes

Now see the below chart which was published on 15^th November morning before markets opened in the daily equity research report – The Financial Waves short term update

SBI Hourly chart: (anticipated on 15^th November 2019)

SBI hourly chart: Happened

Elliott Wave analysis: Following was published on 15^th November 2019

After a good rally, a phase of consolidation was expected in SBI which is precisely the dip that we are currently witnessing in the stock. In the previous trading session the stock closed on a flat note at 306.

On the daily chart we can see that SBIN is moving in the form of wave F on the upside .As we can see the price had moved up too fast too soon and away from the 30 EMA, hence the possibility of mean reversion cannot be ruled out. But it is better to trade on the side of the higher degree trend and best not to trading the corrections.

On the hourly chart we have shown the internal counts of wave E where we can see that wave (a) was completed near the high of 324 and currently wave (b) is ongoing. This wave (b) has not yet retraced 38.2% of wave (a) so it could either continue moving lower or consolidate in time. A break above 324 on closing basis can take the stock higher towards 338-340 levels as far as 295 levels remains intact on the downside.

In short, SBI is in a corrective mode for now .If the stock breaks and closes above 325 we can expect a move higher towards 338-340 levels in the form of wave (c) as far as 295 levels remains intact on the downside.

Happened: SBI moved precisely as expected and touched the high of 342 levels as of now. This simply shows power of Elliott wave along with Fibonacci projections.

Get access to the Momentum, Multibagger and daily equity research to capitalize the ongoing uptrend in markets and see yourself the methods that can help in riding the trend. Contact us here

Learn Neo wave combined with Hurst’s Time cycles and Ichimoku Cloud in the most advanced training on technical analysis in Delhi on 30^th November and 1^st December 2019. Know more here

Why You Should Not Ignore Gold

Safe Haven appeal: Few months back, Gold has given a breakout from long consolidation pattern which suggests start of the bullish trend. Gold is one of the preferred asset classes when uncertainty in economy prevails.

Gold is the hedge against Inflation however as of now situation is different where Inflation in developed economy is not rising. Thus Central banks are trying hard to keep economy back on track. So this time, is Gold moving higher on back of higher Inflation or due to the economy uncertainty ahead?

Following was published in the monthly research report on 7^th November 2019 – The Financial Waves monthly update

LBMA Gold Spot Quarterly chart

 

Technical Outlook:

Golden Era of 10 years: The above Quarterly chart of LBMA Gold Spot indicates that from the year of 1980 to 2000, one of the long consolidations was witnessed. Post that we all know that how prices rallied in exponential fashion from $250 to $1920 between the year of 2001 to 2011. These 10 years were the Golden era for investors as it rose almost 670% from the low of $250.

Sluggish period of almost 8 years: After such kind of massive rise, corrections are the normal behaviour of market. From end of 2011 to the mid of 2018, prices remained under pressure and corrected from the highs of $1920 to the low of $1046 levels.  This is a correction of 45% from the highs.

Inverse Head and Shoulder Pattern: This is one of the simple but important reversal patterns found in technical analysis. Prices formed text book image Inverse H & S Pattern and broke out above neckline in the year of 2019. The breakout has happened with strong momentum which is bullish sign. As per this pattern, Gold is expected to touch the target of $1675 by the mid of 2020.

Bollinger Bands: With this recent breakout, upper and middle Bands of Bollinger has shifted on upside along with MACD crossover above 0 levels. Both these indicators suggest that bullish trend to continue in coming period.

Channels and Trendline:  Recent upward breakout suggests that market can remain in bullish phase. The green upward moving channel as well as trendline which is connecting the prior 2 highs made in the year of 1980 and 2012 suggests that prices to move higher as shown by forecasting lines.

Conclusion: Gold has started its multi-year of bull market and this can continue over next 10 years towards the level of…..

So, How to apply the above simple tools and build a powerful trading system across all segments with scanners for intraday and positional trades? Here is opportunity to make the best investment so far – check here how to become an expert trader

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