selvamB

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

selvamB

NEOWAVE ANALYSIS on BTC Exp flat correction completed on Dec'22 Reaction is ABC zigzag , tgt 44000, time Jan'24 Action...... Pump

selvamB Updated 

'C' Wave started violently from 24th Jan'23 .it formed as 3 wave pattern An open statement of short position and news may panic investors to offload nifty constituents it is easy to find out targets for c3,c4,c5 and tgt time also

selvamB

No doubt, When Nations struggling with all sorts of crisis, our INDIAN-NIFTY roaring to leap. The only source of investment . Chart clearly explains that no more significant downside, as the 4th wave retraced closer to 18200. coming weeks are just to accumulate valuable stocks, Hence until Feb'23 17800 will be a good support level. the final wave of 5 has 5...

selvamB Updated 

Neo wave analysis shows me a different picture of S&P500 index movement. please refer the weekly chart of COMEX GOLD FUTURES, you can see the similar pattern Thus, limit your shorts until 3800 for 4 weeks upto 24th Feb'23 new wave will begin from 27th Feb

selvamB Updated 

The most expected C wave correction started in SPX and All world indices. As 2022 may be ended with sell off candle pattern from 4818 to 3756, New year may follow through ,continuing C wave in a classic Elliott wave pattern

selvamB

we have a bear market signal on 12th Jan23 After 5 waves we are in MEASURED MOVE recovery which will end on 19/01/23 50% is the common limit for any bear market recovery we won't see this level for an year at least long term Puts will be a good idea, when 18324 kicked down

selvamB Updated 

Time cycle plays a vital role in Neo wave analysis. Both time and price are the Manthra in Trading. The ancient Fibonacci and Elliott waves are the only TWO usefull tools foy my analysis both for trading and forecasting. I find this method of trading which suits me and giving consistency of profits for the past 20 years ok! S&P500 index almost reached its...

selvamB Updated 

4th wave pullback(upside) is started in Hongkong index from 1st Nov'22 wait for correction until 14th of Nov, provided 15880 should be protected (SL) After B wave correction ,if limited to 15880 then buy a ticket after 15th Nov for your upward journey till Jan23

selvamB

Chart explains how a super cycle labeled in Elliott wave Analysis

selvamB Updated 

The 5 th wave fall on 3rd Nov'22 had not moved down the index significantly. hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde. Provided the low of 3rd Nov'22 (3698) respected(should not break). If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been...

selvamB Updated 

Earning season begins ,SPX gave a negative bias last week. What will happen if the earnings surprises? buy next week until the level of wave 'A '(3806) and exit . If SPX closes above 3806 there will be a sharp rally otherwise, expect the ferocious C wave down will bring this index to 3130 levels

selvamB

A classic Neo wave diametric formation found in NIFTY INDEX Monday price targets given

selvamB Updated 

Now its clear that wave 'C' has started to bring the index DOWN to 3593 or much lower up to 2562

selvamB Updated 

Neo wave Extracting triangle pattern(Limited corrective activity)is just completed in NIFTY INDEX. It is over assumed and corrective action completed as c5 corrected only 0.618 times of c1 16855(c5 low) is the stop for longs and cross above 18000 is the indication for next bull market Earnings season, Covid relief, short covering may fuel the market

selvamB Updated 

NEO WAVE study(daily)clearly indicates that c4 rally ended and start of wave C5 c5/1 may get supported at 4086,expect a recovery wave c5/2 to 4325