Trend following methods – One of the powerful trend following method that has worked extremely well in the current market environment is combination of two moving averages along with the Bar technique. Bar Technique – As long as the low of the prior day’s is protected on closing basis one can co...

Nifty has continued to drift higher over past many days. Infact it has been nearly 26 days since Nifty has managed to protect the prior lows on closing basis (excluding outside candles). This is a typical behavior of an Expanding Triangle pattern that creates the much needed euphoria by giving a ...

Copper continues to be in wave 3 of the terminal impulse. Prices are drifting upwards and have not given a single close below the prior low since the onset of wave 3. Below is the daily chart of MCX Copper with detail analysis using Bollinger band combined with Elliot Wave theory which was publi...

State Bank of India had exhibited a classic neutral triangle pattern. See below how the up move was predictable so seamlessly. Neutral Triangle: This pattern is defined in Neo Wave Advanced Elliott wave that takes the category of a triangle but does not necessarily look like an orthodox triangle...

JSW steel has been moving precisely as per channel and Neo wave Diametric patterns. In addition to that ADX indicator also suggested the up move. Read below the detailed explanation on indicators and wave patterns. Average Directional Index (ADX) ADX indicator measures the strength of the trend....

Nifty had been following the Time cycles extremely well and it is a very powerful tool to apply if only you know how to use it.Trading successfully and profitably is easy only if you have the right tools and know when not to trade. Also, cutting the losses short and letting profits run is utmost ...

Neo wave is advanced concept of Elliott wave and the key to trade profitably is identifying the pattern. Have a look over the classic Diametric pattern as per Neo wave in Crude. Also see how well ichimoku cloud supported the study which gave an added confirmation of the price action on upside in...

Nifty had been following the Time cycles extremely well and it is a very powerful tool to apply if only you know how to use it.Trading successfully and profitably is easy only if you have the right tools and know when not to trade. Also, cutting the losses short and letting profits run is utmost ...

Basic technical tools like channels, moving averages, RSI, Bollinger bands supported by Neo wave works brilliantly to capture the short as well as medium term trend and to stay objective. ITC had finally given breakout over its consolidation phase. Recently we were able to capture the up move in...

Elliott wave patterns is applicable not only on stocks or indices spot chart but can be applied directly to the options chart as well. The below research shows classic Neo wave Diametric pattern plotted on the option chart of strike price 11700 call. Nifty 11700 CE Option chart: Option Tradi...