selvamB

selvamB

chart explains that, a 5 wave upmove from near bottom(Rs39),is not sufficient to break its previous high (Rs103.60). hencs this stock is not in a new trend , following after that a 3 wave correction is undergoing up to 14th march 22,to a level of Rs 78.65and 70.95 dont waste your time by trading these type of stocks

selvamB

I came to understand that many of our EW/NW-traders confusing with a word 'WAVE' . Not all the price high and low in a period of time is called waves. There MUST be a trend reversal in both the DIRECTIONS here in the above chart I clearly defined ,what is a price bottom and top,and formation of a complete WAVE (green colour with black dots) unless you have...

selvamB Updated 

As WXYX waves are compressed in an ENDING DIAGONAL , the result of over anticipation ( Euphoria) is favourable to BEARS . This index is ready to fall from 4th jan for its wave''C''.as per NEO WAVE time cycles The ongoing wave has 5 subdivisions in a ''CLASSIC ELLIOTT WAVE'' Pattern, which is easy to Trade in OPTIONS 4645 is the first target for BEARS to HIT the...

selvamB Updated 

A simple A B C zigzag correction is completed in S&P500 index.Wave 'A' is 5 wave(wxyxz )marked as 12345 and Wave'C' is 5wave terminal expanding pattern(3,3,3,3,3) Minimum requirement of wave''C'' is achieved (62%ofA) @ 4819 on 4th Jan'22. This index will take a breath at this zone(62%) and test for its support level before making any upmove further. The first...

selvamB Updated 

It is a misunderstanding that TA is not worthy for trading. But TA is the only tool available for traders who makes huge profits without any FEAR or HEDGING.(Multiple combination of Calls&Puts) My chart showing that the recovery in NIFTY (wave 'XX'/B) is nearing its completion on 05/01/2022.(as per NEO wave TIME cycle). Bearish TL connecting wave ''B'' and wave...

selvamB

My detailed analysis on NIFTY 50 index based on pure price action theory. The process of reversal is set to be staged in NIFTY INDEX If 18221 respected by smartsellers waiting at reaction zone will kick this index to 14670, failure of keeping this zone negate this view. logic behind this idea in NEO WAVE theory ; when wave 5 completes its journey in equal...

selvamB

A simple price action strategy explained for SGX NIFTY Same can be applied to indian NIFTY too. Explanations; Origine of engulfing (peak) formed at 18621 First drop from peak completed with climax (5waves) indicating SHORT TERM REVERSAL . Now ,recovery to resistance Level (minor SR) is nearing to complete at 18123. What next? Selling will resume and drop in price...

selvamB

GOLD is now not a hedge against inflation GOLD is not a safe heaven as OIL prices are in PEAK now. GOLD has no other way to finish its supercycle wave to complete. GOLD has given just 1.7% appreciation in value per year for the past 10 years($1536 to $1797) As the Elliott(NEO)Wave count tells that GOLD is in 4thwave consolidation,(A,B) this metal has to finish...

selvamB Updated 

Contrary to my previous post(22/12) SPX surpassed 4656 and bulls again won the battle. Now its turn for them to raise the index to 4918 before the end of the year. It's very easy for them since lot of shorts drive this EOY rally. ENJOY BULLS

selvamB Updated 

The expanding triangle environment (distribution at high level) is at ending stage in S&P500 . Yes in all world indices. Today12/22/21 if SPX not breach 4656 (62% of wave''A'') then first confirmation for weak bulls. IF SPX falls below 4495 then second confirmation of weak bears. Finally IF SPX FALLS BELOW 4326 (OUT OF THE EXP,TRIANGLE) then final confirmation...

selvamB Updated 

DISTRIBUTION pattern always will take ''WXY'' format in INDICES Traders should be cautious in holding positions , it is beter to trade daily (9.30am to 3.30 pm) 3 wave down WXY and recovery ABC in equal time will give you good trading oppertunity.but there is no trend to follow. Here ELLIOTT waves will give you good idea to trade. The final push of wave ''Y''...

selvamB

NEO wave NEUTRAL TRIANGLES are corrective patterns inbetween a bull run. the slope of support and resistence lines are significant(up). BUT we have one pattern completed today which is deviating the rules of uptrend. A FLAT HORIZONTAL S&R LINES with lower one breached is a confirmation of strength of bears or weak bulls. second confirmation(pullback below 62%) is...

selvamB Updated 

TERMINAL 5 th wave ''Z'' under progress in S&P500 index. only one day (11/1/21) left for bulls to make a new high or to surrender the BEARS 4678 OR 4736 is the magic number to reach, failing to catch these numbers BEARS will take incharge

selvamB

The last pull back wave ''c'' will bring HSI FUTURES to 24425 levels this week (10/12/21) This will be the clue for creating shorts,because next downside target is at 19334

selvamB Updated 

This is my next update on GOLD,which is consolidating for its 4 th wave,3rd Leg.(FLAT CORRECTION) 3 or C wave will bring this yellow metal to 1446 levels before MAY2022

selvamB Updated 

BULLS made more money, and followers will loose all the money if you don't understand whats going on in the market! Open your eyes , Get confirmations in 3 steps TRADE accordingly, Elliott WAVE and FIBONACCI , these TWO simple tools are enough to WIN in trading

selvamB

Chart shows clearly that bulls are weak in playing INDIAN NIFTY Terminal end ( Expanding triangle pattern) has only 3 days to recover(12thNOV21) BEARS are waiting to catch their prey

selvamB Updated 

MY Chart clearly show's that SPX just completed it's 5th wave expansion after major 4th wave which was ended on 2009 As per NEO wave analysis the ''TERMINAL 5 TH WAVE'' in S&P500 INDEX is ended this month after a spectacular Rally for 13 years. Now the game has to change on the hands of BEARS for at least 5 years. I invite any querries about my wave counts and...