Bajaj Finance 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 BAJFINANCE. Check out how we accurately predicted on the possible up move on BAJFINANCE which has rallied more than 7% in just 3 trading sessions. 

We published about BAJFINANCE in "The Financial Waves Short Term Update" on 29^th  August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published. 

BAJFINANCE Daily chart anticipated on 29^th AUGUST 2024  

Wave Analysis:

On the above chart, Bajaj Finance is forming classical triangle pattern since many years. Recently prices reversed from the trendline support and started moving on the upside which we have been saying in our past reports. As per wave perspective, we are expecting wave (E) to get complete on the downside but for confirmation we need follow up buying. As per technical perspective, Supertrend have also turned in green. Along with this, KST has already turned above signal line and now if it trades near zero line then further good momentum can be seen in this stock.

Key Resistance: 7300

Key Support: 6500

Strategy: Any break above 6950 can lift the price higher towards 7150 followed by 7300 as long as 6750 holds on the downside.

 BAJFINANCE Daily chart Happened on 02^nd SEPTEMBER 2024 Happened – The stock has moved as we anticipated. Prices showed a rise of more than 7%  and precisely achieved targets of 7300 and made a high of 7439 in today’s session. We successfully captured move of more than 7% in just 3 trading days and achieved our targets .

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PPL Bang On! 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 PPL. Check out how we accurately predicted on the possible up move on PPL which has rallied more than 19% in just 9 trading sessions.

We published about PPL in "The Financial Waves Short Term Update" on 16th  August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

PPL Daily chart anticipated on 16^th August 2024

Wave Analysis anticipated as on 16^th August 2024:

PPL has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 12.40%.

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. Price has closed above this trading range which results into a bullish breakout of the rectangular pattern. MACD is above 0 and 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.

In short, trend for this stock is positive. Use dips towards 540-545 as a buying opportunity for a move towards 595-600 levels as long as 520 holds on the downside.

PPL Daily chart Happened as on 28^th August 2024

Happened – The stock has moved as we anticipated. Prices showed a rise of more than 19% after a dip and achieved targets of 595-600 and made a high of 646 in today’s session. We successfully captured move of more than 19% in just 9 trading days and achieved our targets in just 5 trading sessions.

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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

TRISHUL Membership – trade using Neo wave along with Options strategy under the TRISHUL Membership. Following is what you get Know more

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