GOLD Analysis
GOLD Analysis
Gold , as stated earlier is on a bull run (notwithstanding intermittent corrections). As per above count we have the wave 5 probably extending , as indicated by the subwaves.…
NASDAQ Opening On 1st May 2023
NASDAQ Opening On 1st May 2023
I have changed the wave count to allign with the recent price action. The overall bullish scenerio remains the same.I have shifted the position of "Z" as the current price…
Range Of Possibilities In Technical Analysis
Range Of Possibilities In Technical Analysis
Technical Analysis can be broadly divided into two categories, "Trend and momentum following indicators""Predicting with repeated patterns (Elliot Wave )"The 1st one has a huge inventory of indicators. The technical…
NIFTY Opening On 1.05.2023
NIFTY Opening On 1.05.2023
In my previous analysis , I had mentioned the possibility of wave 3 and wave 5 extending, (both on smaller and larger degree). I had also stated the possibility of…
NIFTY Opening On 28th April 2023 1 2
NIFTY Opening On 28th April 2023
In my last Nifty analysis, I mentioned that wave 5 on a smaller scale is showing signs of extending. I had also shown the extent to which it can rise.…
NIFTY Opening On 27th April 2023
NIFTY Opening On 27th April 2023
Nifty took a correction but rose again with a smaller impulse showing not ready to give up. Markets are overbought both on hourly and daily time frames. Considering "minor" waves…
NIFTY Opening On 26th April 2023
NIFTY Opening On 26th April 2023
Nifty - I have marked as wave "x" the last upswing, as giving an indication of a double (triple zigzag?) In case it is we should correct as above and…
NIFTY Opening On 25th April 2023
NIFTY Opening On 25th April 2023
In my previous Nifty analysis, I mentioned the possibility of markets having made a bottom or very close to the bottom. Markets rose as expected and now we are somewhere…
RISK REWARD Ratio In Trading
RISK REWARD Ratio In Trading
Trading in Stock markets, especially with derivatives has inherent risks. These risks can be mitigated by careful planning with the "Size Of Trade" and where one perceives the market to…
NIFTY Opening On 24th April
NIFTY Opening On 24th April
Presently the markets seem to be stuck at around 17600 or so. I have marked, in yellow rectangles levels of "FIBBONACCI RESISTANCE" and SUPPORTAt times the markets may not give…
NIFTY Opening On 21st April 2023
NIFTY Opening On 21st April 2023
Nifty - Markets are in the process of completing an expanded triangle, where the last leg of wave "e" is on. The culmination of this triangle will mark the completion…
NASDAQ Opening On 19th April 2023
NASDAQ Opening On 19th April 2023
In my last update, I mentioned the POSSIBLE completion of correction at wave 'Z'. I had also marked this point as wave IV and the likelihood of wave V commencing…