Saturday, June 20, 2015

How can you remove confusion from Elliott wave when purpose is to make profits

So, many times we as analysts start fighting over our Elliott Wave counts. I would like you look at the recent example which I have shared for, nifty it could be for any xyz stock. I am evaluating from the point of view of 2 different analysts.  They were seeing random charts to spot the trading opportunity with Elliott Wave analysis; soon they came up with their counts on this chart which were very different. The analysts are not going to marry this stock, they are only concerned with the next trading opportunity, enter the trade, make profit and exit and then scan some other chart. However, they started fighting and pointing fingers in each others analysis. Later their senior came in asked what was the case.
Analyst A: I believe that the impulsive with 1,2,3,4 done and 5th failed. (in black colour)

Thursday, June 18, 2015

SBI reached 280 to 249 as projected by the Fibonacci Technique on 25th May 2015

SBI was projected on 25th May 2015 based on Just the Fibonacci technique (to learn and project such levels in advance, mail me ruchirgupta2000@gmail.com), the price that time was 280 and the projections were made to 2 zones in which the second zone was mentioned to be high probable. SBI traded around 249 on 16th June 2015. To read the full post click here - http://ruchirgupta.co.in/sbi-reached-280-to-249-as-projected-by-the-fibonacci-technique-on-25th-may-2015/
SBIN - Primary Analysis - May-25 1254 PM (6 hour)

Sunday, June 14, 2015

Nifty Gann Saturn Cycle Method suggests 7,200 levels if the current momentum continues

In the last few days, I have discovered a new cycle method of Saturn, with which we can get a lump sum of the price target in Nifty.
Since, I cant explain this method as the knowledge is only for my students, I am giving the outcomes of the final analysis which is giving levels for nifty near 7,200. This level is conservative we could see levels below this as well.

Friday, June 12, 2015

Find your trading edge in the market to improve your trading results


Reading this might improve your trading results DRAMATICALLY and help to identify your edge in the market. You don’t need any external source for this, you can find it by questioning yourself.
Not long ago, I was just thinking about past 9 years of trading and thinking what all stocks had given me profit and what all went in loss. Soon, I discovered that Nifty, INFY, Reliance Industries, R Com, Reliance Infra, SBI, Yes Bank, Canara Bank,ITC, HUL, IFCI, Tata steel, Sesa Goa(now Vedanta ltd) , SAIL, JWS Steel, Jindal Steel, Coal India, Adani Enterprises, HDIL, IB Real Est, Unitech,  REC, PFC, BIOCON, Ranbaxy, Arvind, ONGC, Century Textile, Mahindra and Mahindra, Mahindra Financeetc had always given me profits. I had earned profits in these stocks even when I did not know any technical analysis and Technical analysis improved my results even further.

To read the full post click here- http://ruchirgupta.co.in/find-your-trading-edge-in-the-market-to-improve-your-trading-results/

NIFTY - Head & Shoulder Top

Hi Friends,

Nifty has been sliding down ever since it touched 9100. This is a channelized decline. It seems to be a complex correction in WXY.  
NIFTY - Head & Shoulder
Nifty has formed a Head & Shoulders Topping Pattern. Currently it is hovering around the neckline near 8000. If it sustains below 8000 we may see a further decline to 7600 and even more to 7300 in future.


Thanks & Regards,

Harsh Dixit.

Monday, June 8, 2015

HDIL Update on Elliott Wave Analysis, a broader review 8th June 2015

HDIL Elliott Wave Analysis a broader review. What I updated on 15th May 15 was the correction to 5 waves that started on 14th Dec 14. HDIL achieved its target. Now, lets look at the even bigger picture and where we stand in it. Preferred view is that the full 5 waves trend that started on August 2013, is under correction. While, the alternative view is that 1,2,3,4 are complete what has been labeled as 5th is 1st of the 5th wave. Volume analysis very much clarifies these doubts, and they suggest the preferred count.

TO read the full analysis click here- http://ruchirgupta.co.in/hdil-update-on-elliott-wave-analysis-a-broader-review-8th-june-2015/




Thursday, June 4, 2015

Nifty Elliott Wave and Fibonacci Analysis Update 4th June 15

Wave B failure
Previous Elliott Wave analysis on Nifty that suggested Wave B which was expected to go to 8680 levels to complete 62% retracement failed, which is worrisome and now the downside that has started is so steep, that we cant deny to break the recent lows of 7997, all of this is against the characteristics of 4th waves which are sideways corrections. 

To read full post click here- http://ruchirgupta.co.in/nifty-elliott-wave-and-fibonacci-analysis-update-4th-june-15/


Elliott Waves and Fibonacci Support Zones for Spice Jet, Orissa Mineral

Elliott Waves and Fibonacci Support Zones for Spice Jet, Orissa Mineral
These are my views on some of the stocks that my clients asked about, I cant share the detailed views because of the scarcity of time, so only sharing the summary of what all levels could come in future.

TO read the full post please click here- http://ruchirgupta.co.in/elliott-waves-and-fibonacci-support-zones-for-spice-jet-orissa-mineral/


Wednesday, June 3, 2015

HDIL Elliott Wave analysis achieved its target today 3rd June 15

HDIL Elliott Wave analyses was done on  14/15th May 15 when the price was 108 and today it reached 87 as predicted, the following commentary on 15th May  was-

“Time is a critical factor in Elliott waves, the correction should always take atleast 38.2% of the time. generally between 38- 62 % and knowing this fact we should not enter HDIL for there is more correction to be made.
Price wise, you have seen 50% correction and still 38% time is to be met which will be met not before 8-10 trading days (visual interpretation). This opens the case of 62% retracement level which lies at 87. Wave C is going on.” Click here for Previous Report HDIL Elliott Wave- Price and Time Analysis 15 May 2015

Today, as of 3rd June 15, HDIL reached that 86 target zone! This 20% decline possibility was already predicted on many days prior to happening. Elliott wave provides a great perspective for when a trader must be in the market and when he must get out or when he should wait on the sideline for a better time to come, or to hunt for another stock with better possibilities. 
To read the full post click here - http://ruchirgupta.co.in/hdil-elliott-wave-analysis-achieved-its-target-today-3rd-june-15/


Saturday, May 30, 2015

Part2- How and When to adjust the Oscillators

In the last post How and When to adjust the Oscillators such as RSI or Stochastics with market momentum, we adjusted our Oscillator settings at this point in the circle after market rhythm changed. Working with new adjusted settings of 34,13, 20, 5 we would have captured the upmove around 8315 and got exited at 8340 a profit of 25 points with very low risk of 10 points as the stop was at 8305 a bit below the first swing low so that we don’t get stopped out at fake break out.

To read the full article please click here http://ruchirgupta.co.in/part2-how-and-when-to-adjust-the-oscillators-such-as-rsi-or-stochastics-with-market-momentum/