Tata Motors, Reliance, Bank Nifty, Neo wave – Cannot be More Accurate!May 10, 2023
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Elliott wave along with Technical analysis with simple patterns like Diametric can give the much-needed edge for Trading.
Below are the various charts shown on Index as well as stocks which we derive in our recent session of MOW with 100s of participants.
Tata Motors 15 Mins anticipated in MOW session (which was conducted on 6th and 7th May)
Tata Motors Happened as on 10th May 2023
Reliance Industries 60 Mins anticipated in MOW session (which was conducted on 6th and 7th May)
Reliance Industries Happened as on 10th May 2023
Nifty Bank 60 Mins anticipated in MOW session (which was conducted on 6th and 7th May)
Nifty Bank Happened as on 10th May 2023
Above charts are picked up from different time frame and each of the forecasts has worked out extremely well.
The First Chart is of Tata motors in which we have successfully captured up move precisely using simple Elliott wave and stock made high of 514.80 which is more than 5.8% move.
The Second chart is of Reliance Industries in which we capture move of more than 2% using simple Impulse pattern.
The Third chart is of Bank Nifty where prices have followed a classic Diametric pattern. In which we expected wave g to complete on the upside. Post completion of wave g we saw a fall which can be wave x or a fresh down leg.
In nutshell, it is possible to derive trade setup in Index as well as on stocks using patterns, Elliott wave and Neo wave which can be seen above which is enough proof to show that these techniques work! When majority are guessing the direction, we were able to capture good moves.
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