In a consolidating market it is very difficult to rely on standard technical patterns as most tend to give a false breakout. In some cases it is difficult to even identify the ongoing corrective pattern using Elliott waves. In such scenarios Neo wave comes to the rescue as almost every possible ...

Nifty, we are looking at the current up move as only a corrective drifting in the form of Ending Diagonal or Terminal pattern. In Elliott wave theory, a wedge pattern is known as Ending diagonal pattern or terminal pattern and occurs either in wave C or wave 5. It is a type of formation in which...

This week kick started with lot of events, news, results. Index major Reliance Industries announced deal with social media giant Facebook bought 9.9% stack in Reliance Jio which helps Indian oil-to-telecom conglomerate to significantly cut debt. In this entire up down reaction we have been const...

Nifty has been rising since past two days which is against majority of expectations. With the extension of lockdown announced everyone expected markets to start the downtrend but it continued to rise. From the lows of 7511 Nifty rose more than 1700 points despite that the news flow only got wors...

Dr. Reddy is clearly an outperformer among the large cap pharma space and the entire sector is in very strong trending move. The followers of Elliott wave might know the importance of capturing the 3rd wave in the trend. As per Elliott wave theory, wave iii is the strong and sharp in nature and ...

Nifty has been moving anywhere between 300 to 400 points on daily basis.   After touching lifetime highs of 12430 there was a collapse towards 7511 and now equally fast reversals are seen. During such times you might keep wondering that Corona Virus issue is only getting heated up but why so mu...

Nifty has been moving amazingly well as per Neo wave (Advanced Elliott wave pattern). Also with the help of Fibonacci projection we were able to predict the levels and ride the up move.   Look at the below chart of Nifty. The below was shown in the morning daily research report – The Financial ...

Nifty has been on a roller coaster ride with sharp movement on either direction. We can see a sharp decline in second half of last week is only followed by equally fast reversals on upside. Such moves for advanced Elliott wave or Neo wave practitioner is not a surprise but rather it gives amazin...

Nifty and broader market have collapsed in the month of March. Prices formed a strong bearish monthly candle having a high near 11433 and low at 7511. In March, Nifty collapsed by 3922 points. This is a huge fall of more than 34% and biggest decline in terms of price point Nifty has historically...

RBI cut interest rates by 75 bps to 4.4% on 27th March. This is a huge slash. They also reduced reverse repo by 90 bps and CRR by 100 bps. This clearly suggest desperate attempt to stabilize the economy by boosting the liquidity in the system. Also Moody’s has cut India’s growth forecast to 2.5%....