selvamB

selvamB

The final push of indices(wave'c' of Z) May be completed this month(17thDEC).and with this WXYXZ Correction completed in NIFTY. hence keep your long positions for a fortnight

selvamB

The current WAVE 'C' Forming an expanding triangle (ABCDE OR 12345) pattern.Projecting for the final wave up will be 4044 within a fortnight. taking this as clue for our NIFTY ...... GO LONG ....GO LONG..Till 21st dec2020

selvamB

COMEX GOLD futures clearly obeyed all rules of ELLIOTT's FLAT correction.Correction begins on AUG2011 wave ''A'' completed @ $1045on FEB 2016. wave ''B'' completed @ $2089and wave ''C'' started on 3rd AUG20. First target for wave1/5 is $1518 This level is best buying opertunity because if it hold there and get more support then minimum requirement for wave...

selvamB

So far Camarilla (weekly) support and resistance workedout well for NIFTY uptrend. Lets hope the same will do for Down trend too. All levels marked well in the chart itself . Only shorts no longs in recovery wave. Happy Trading! B.SELVAM,BE,MBA, TECHNICAL ANALYST CUM TRADER

selvamB

RELIANCE broke 200 day linear regression slop(major trend) and correcting now in WXY wave down 20 day LRS(DOWN) gives the direction of the stock movement until Jan 4th 2021 Target 1440(61.8% of previous up move)

selvamB

As per my Elliott wave count weekly 12770 has to be taken away this week for extended "Z" wave. If any correction completes exactly at A=B Then it is said to be the correction completed and Next cycle of wave has to follow. ('C' WAVE DOWN) Now we are in final stage of recovery(correction)WXYXZ and Wave ' Z ' completed as A=B , So what's next? will muhurat...

selvamB

As wave A completed as per my previous post (1820),RELIANCE supported @1835 and bounced for wave B .Next wave to emerge as wave C which will drag this stock to 1620 and that will be BEST to buy on 28/31th DEC 2020

selvamB

There are some methods available to predict whether,distance,speed in physics.Like that we can predict herd mentality and using mathematics. linear regression is one of the method to find the Standard deviation of a moving data (daily price movements).The two variables price and time are the main ingredients we have for trading or investment to increase our...

selvamB

12000 IS THE CRITICAL POINT TO BE TAKEN BY TOMORROW BY BULLS, TO TAKE NIFTY TO 17720 LEVELS IN 2021 LOGIC 1. CORONA EFFECT NOT ALTERED CORPORATE PROFITS LOGIC 2. 'C' WAVE BEGINS IN NIFTY (W,X,Y,X WILL BECOME A,B) THE TARGET OF 'C' WILL BE 1.618*A LOGIC3.Q2 RESULTS ARE EXTRAORDINARY LOGIC 4. LOW OIL CONSUMPTION, NEW THRUST IN AUTOMOBILE,ONLINE BUSINESS...

selvamB

IF TOMORROW DOW HITS THE CRITICAL POINT OF 28353 (78.6%OF WAVE 'C') , THEN WE MAY SEE A NEW BULL WAVE(5 WAVES) WITH A TARGET OF 43924. LOGIC 1.SO FAR WAVE 'W' AND WAVE 'Y' COMPLETED WITH SUPPORT OF 38.2% AND 50% LOGIC 2.THE NEXT WAVE WILL BE A MOTIVE WAVE WITH 5...

selvamB

Nifty surpassed descending trend line and made a high above previous wave(B) today,Whether this move will sustain? Thursday we will see the wave (C5) and every thing will be clear after.Till that we will short up to 11390.IF today's up move is hold for wave(c5) tgt 11700 Which is 0.5 of wave (c1),then it is confirmed all 5 waves of C is Completed with ...

selvamB

HIGHLY EUPHORIC CORONA COUNTER WAVE MAY END WITH C5 FAILURE .LETS WAIT FOR CONFIRMATION OF ITS C5 LEG ENDING THIS WEEK. EXACT WEEKLY CLOSING AT 0.382% OR 50% OF C1 WILL CONFIRM ITS TERMINAL END

selvamB

NIFTY failed to kiss 12000 ,leave it, we have signal for Trend reversal. Neo wave time cycle gives clear picture that, relief rally time is given to bulls are OVER. Following WAVE(A) ( TRIPLE ZIGZAG), we had a NEO wave DIAMETRIC for WAVE(B) in which wave g failed to reach 12000. failure of wave g is like 5th wave failure. Starting on Monday with 470 point swing...

selvamB

NEO wave diametric pattern applied to recent NIFTY movement.Normal ELLIOTT wave count doesn't work ,since everyone is Master in it. Considering SC verdict the cause will come first in stock market. And Bull waves finally end up with a final climax rally. take BENEFIT of market move by entering into CE . Target of wave 'g' will be exactly in Fibonacci multiple...

selvamB Updated 

After several my calls of NIFTY on bearish view not met ,I thought of my stand may be wrong since the alternative thinking is also necessary in trading analysis.. MARKET ALWAYS RIGHT Bullish sentiment, CORRECTION IN GOLD,More Retail participants, may fuel some more energy to NIFTY up to the MAXIMUM available price target of 11900 . CHANNELING done on VWAP...

selvamB Updated 

CORRECTIVE ANALYSIS WXYXZ TELLS WE HAVE ONLY ONE DAY LEFT FOR FINAL RALLY(THURSDAY 27/8)

selvamB

IT IS STILL EARLY TO DESCRIBE 5TH WAVE TERMINAL PATTERN.(NEO WAVE) HOWEVER WE ARE IN HALF A WAY. DOTTED LINES SHOWS FUTURE MOVEMENT OF DJI INDEX

selvamB

AS per neo wave analysis ABC wave (counter trend) ending on aug 14th. do not follow trend, its turning now