Wednesday, May 27, 2015

How and When to adjust the Oscillators such as RSI or Stochastics with market momentum

Those who use Oscillators for trading may be with Candlesticks or any other technical (I use it with Elliott waves and Fibonacci levels for higher confidence) may like to know that Oscillator settings must be changed with the change in market trends. For example when markets are going for a sideways correction the Oscillator settings must be different versus when they are trending
Apart from Positive or Negative Divergence Oscillator settings could play a vital role in telling many other relevant facts to note which we may miss out other wise. Here are few of them.
1) The area in the rectangle, every Oversold and Overbought zone correspond to reversal, that is because market was following that rhythm. Everything seemed coherent. Majority of traders use oscillators in this way.


Tuesday, May 26, 2015

Nifty Elliott Wave and Fibonacci Analysis 25 May 2015

Elliott Wave and Fibonacci Analysis of Nifty- as Discussed in the earlier update on Nifty Elliott Wave and Fibonacci analysis,the abc on the downside till 8000 was a 3 wave abc subdivision (<a href="http://ruchirgupta.co.in/nifty-elliott-wave-analysis-20-may-2015/" target="_blank">to read the Previous Report, click here</a>). Which was making a case for a Flat or a Triangle, and suggesting the upmove till 8680 in 3 waves, the present upmove till 8490 which we have seen till now could only be the wave 'a' of the larger (B)wave on the upside. Now, it seems that wave A is over on the upside, wave B in 3 waves must unfold on the downside, which can get supports at 8240 and 8185 areas. After, which a final C wave must follow completing the (B) wave.

To read the full report clink here - http://ruchirgupta.co.in/nifty-elliott-wave-and-fibonacci-analysis-25-may-2015/


Monday, May 25, 2015

Fibonacci Levels for State Bank of India

State Bank of India may test the these fibonacci levels in the near future. This is just my view and a recommendation or a tip. No Elliott Waves analysis has been used in it. Fibonacci in itself is a very strong tool, these fibonacci levels are different from what we use for particular waves to waves for future projection.


To view more such articles please click the link below-
http://ruchirgupta.co.in/index.php/2015/05/25/fibonacci-levels-for-state-bank-of-india/

Tata Steel Elliott Wave Update 24 May 2015

This update on Tata Steel is in continuation to the previous 2 updates. I have analysed the multiple time charts with Elliott waves principle and tried to explain what to expect in future.
Hourly Chart: If this was C wave, and correction was to end with this (read previous post) , this volume spike which is even bigger than any of the the impulse waves should not have happened. The Volumes at ending c wave corrections become low and not increase like it happened here. Refer to next 2 higher time frame charts with this post.

To read the complete report, click on the link below-
http://ruchirgupta.co.in/index.php/2015/05/24/tata-steel-elliott-wave-update-24-may-2015/

Nifty probabilities and Expected Levels for May Expiry and June 2015

Friday, May 22, 2015

Elliott Wave Probabilities of Nifty for 22 May 2015


Read complete and details analysis report of Nifty for 22 May at http://sweeglu.com/elliott-wave-updates-of-nifty-for-22-may-2015/

Thursday, May 21, 2015

Tata Steel Update: "This is just a personal view and neither a recommendation nor a tip nor an advice for any trade"

After writing the review yesterday, Wave C actually Started subdividing, it formed the Wave 1 of C with the upmove and now its opened gap down. It has clearly broken the first support level of 50% and reached 62%. Here the support is at 343-338 area (ideally prices should not god below this area), which is holding, yet we should ideally see the 5th wave on the downside (sometimes the C waves are only 3 waves), still since the 62% retracement is over and time wise we have reached 50% of the full Impulsive move.

If prices don't retrace further then we will have 2 scenarios, both of them suggesting upmove:

As already said in the wave 2 the corrections are shorter in duration than wave 4 and structures are sharper than 4. This is general observation. Which means we should start seeing an upmove in the form of wave 3  once the correction ends.

Second, scene is that this completed abc (though 5th wave still may be remaining), is just the wave a of the entire correction, if thats the case we may still go up as a wave B.

So, both cases suggesting the case of upmove. (we may be able to gauge the if its B wave or 3 wave with the strength of the move). I, must tell you that even though both cases may be suggesting the upmove, I don't take my entry just based on this, I have a proper system from entering till exiting, which is very lengthy to explain here.

To learn Elliott waves, Fibonacci and Gann in detail please contact and message me in Inbox. My Email address is Ruchirgupta2000@gmail.com. Please like and follow my page and also share my post , made it for teaching Elliott wave and Gann.https://www.facebook.com/pages/Learn-Elliott-Waves-Gann/299034886964403 You can get many updates such as this on my page.

Elliott Wave Targets of Nifty for 21 May 2015

Wednesday, May 20, 2015

Tata Steel Wave 2 correction on downside is on its way

"This is just a personal view and neither a recommendation nor a tip nor an advice for any trade"

View on Tata Steel: The upmove was a 9 wave in which 5th wave subdivided in sub waves. Wave 1 on the upside is complete and we in a wave 2 correction. A and B of the ABC are over while C is going on. Since A and B were subdivided in 3 waves each which suggests the formation of a flat (3-3-5). So, the C wave ideally be subdivided into 5 waves, though I have not seen any subdivision, which could mean C wave completion without any subdivision. First support, I see at 347 which is at 50% internal and 127% external retracement.

While the possibility of correction to reach 62% is still open, the correction in waves are majority steep decline and short term, so the complex correction though possibility is open, probability is low.

To learn Elliott waves, Fibonacci and Gann in detail please contact and message me in Inbox. My Email address is Ruchirgupta2000@gmail.com. Please like and follow my page and also share my post , made it for teaching Elliott wave and Gann.https://www.facebook.com/pages/Learn-Elliott-Waves-Gann/299034886964403 You can get many updates such as this on my page.

Nifty view for coming Weeks and Months

"This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

What to expect in Nifty in coming months. So far till 8000 we have seen a ABC pattern and we know that it’s the wave 4 which is going on. It is also known that the wave 4s are complex, sideways, not as sharp as we have seen, which makes a case of 2 scenarios:
1) the ABC wave decline is a Wave 'a' of larger degree and is over (from 9100 to 8000) and the 'b' wave of the Flat is going on, which should be again 3 waves, this up move could be 62% to 138% of the 1100 points fall. After this we may see the final C wave, a 5 wave decline.

Since, in a flat wave must be atleast 62% of Wave 'a' ,Nifty must atleast reach till 62%, which is 8680. The Present upmove which has started seems to be the A of b wave on upside, It is very weak, as is correction to the correction. You can see in the channel, prices are not able to cross the middle line.

2) Complex corrections in wave 4s could be very easily be Triangles and that scene is also open and that still requires 62% retracement of the upside.

So both the cases may taking us towards 62% retracements.

3) There is also a possibility of double and triple threes in wave 4. Which may imply we may face complex correction for months.

Please refer both the charts. Hourly as well as Daily and take your own decisions.

To learn Elliott waves, Fibonacci and Gann in detail please contact and message me in Inbox. My Email address is Ruchirgupta2000@gmail.com. Please like and follow my page and also share my post , made it for teaching Elliott wave and Gann.https://www.facebook.com/pages/Learn-Elliott-Waves-Gann/299034886964403 You can get many updates such as this on my page."

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