selvamB

selvamB Updated 

Elliott wave analysis on s&p500 The extending wave 'C' finishes its 3rd rise, now its time for wave 4 fall which is obviously a zigzag in nature, since this is motive wave ,you can hold PUTs until 5000

selvamB Updated 

Will this 2nd wave of extension surpass 5177? watch this level for termination

selvamB Updated 

Neo WAVE+CPR+VOLUME Analysis of NIFTY 50 index high volume selloff on 15th march ignites the fire on NIFTY . As wave 'C' unfolds ,shorting nifty is good for traders Monthly CPR Pierced today, so no more 21900 support . 21250,previous monthly CPR will be the support of this month

selvamB Updated 

On going ABCDE triangle wave not yet terminated, continue bullish stand

selvamB

US$ weakness fuels GOLD to move up. GOLD futures are in wave 'C' of ABC recovery wave.

selvamB Updated 

The end of correction is evident by today's price action. Engulfing entire 'C' wave. Today smart money bought slowly and steadily reached above 19452 . 5 wave downward push is completed and it is visible on EOD chart. buy at 19300 pull back next week for handsome profits

selvamB Updated 

Classic form of ''C'' wave exhibited by S&P500 index Wave1 to wave 3 completed, wave 3 not exceeded 1.618times of wave 1 This is interesting because if the 3rd wave is within 1.618 times of wave 1 , there is a chance of end of correction. but to confirm this bullish strategy wave ''A'' of 4th wave to reach above either 50% of wave 3 or wave 1 territory. this...

selvamB Updated 

As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today since the recovery wave ABC extended nearly 76.8% of previous wave expect a soft bear market cycle for 8 months from now. trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too Do not hold your short positions for more days , as...

selvamB Updated 

Final leg of selling is pending in all world indices. NIFTY may fall free up to 18870 if it breaks 19250. lets wait and watch

selvamB

ABC ZIGZAG correction is due on this week, A=C-19690 future bullishness may be possible if this level breached by next week

selvamB

Trading is a fight between bulls and bears. In a Bull market, correction is inevitable, but it has a disciplined price limits. the above chart discuss the psychology of traders in a 5 wave price action you can apply it on any indices

selvamB

B wave is fuelled for its final upside, Novice investors missed the bus as Media's propaganda of recession, interest rate fear made them to not participate in this rally But smart traders bet on otherside as institutions piled up with huge hedge positions target of 4630 is achievable before july 17th as the current earnings may fuel further

selvamB

The under going C wave of ABC zigzag correction may push the price of GOLD to drastic down Falling crude price, rising stocks, are the main reason India is started its sowing process which is also a diminishing factor The Fibonacci targets are shown

selvamB Updated 

5th wave climax action may push the index near 18680

selvamB Updated 

profit booking in GOLD is inevitable as inflation fear eases

selvamB Updated 

After 5 wave decline in a limited downside triangle ,the trend reversed @ 3491 on 10th Oct'23 the reversal is a Zigzag 3 wave up move, where wave B is completed today after a BO rally and retest of upper trend line of Exp Triangle. its time to start next wave 'C' from today 10th march. buying is a good opportunity for a month or more having a target of...

selvamB Updated 

Gold is undergoing Elliot wave's 4 th wave consolidation This will take equal time of 13 years of Mega 3rd wave rally. GOLD may not shine during Stagflation Economy Cycle. Smart investment in gold may be after it reaches $1045 again

selvamB

Current price action definitely on bear's side, No wonder their short positions would fetch bountiful returns on this monthly expiry day The running wave , Also third leg of expanded flat may took its 62% support@16600 Hope that all odds are over by this month, and any breach below 16600 is worst for NIFTY