Hello Traders, Today the NIFTY50 reached my target zone as I wrote on December 01 @ 20665. It crossed this area by a few points, but closed above this area. My count is in line with my expectations and the coming days will show the way. Today the volume was high, but lower than on November 30. This is an indication of a continued advance. In extension of the...
Hello Traders, On November 19th I wrote the following words: "If the N50 extends above this area, the door could be open to the ATH @ 20222 area in the coming days, probably two weeks!" That is exactly what happened! The NIFTY50 extended its gains to 20291.55 on Friday. The new extended price target is @ 20665 area. This is just the target for a wave 3, so more...
Hello traders, Time to take a look at INTEL, the dinosaur of the US markets! I wrote an analysis that worked well, and I put the stock on my watch list! I think the stock bottomed @ $32.15 on October 26th and has since rallied to a new 52-week high. The next one is at $44.93 on June 01, 2022! If traders enter the stock with a call option, I recommend waiting for a...
Hello Traders, Since my analysis on November 12th, the NIFTY50 has advanced to 19732 on a closing basis! There was one open target left @ 19849! It was reached but only by a spike. I would like to see this level reached on a closing basis, best on an hourly basis, even better on a daily basis! If the N50 extends above this area, the door could be open to the ATH @...
Hello Traders, NIFTY50 has made a "three down" since the high @ 20222 to 18837! This could be the whole correction and a new up move has started since! But is this rise sustainable! Let's check the pattern. Possible wave ((c)) of the pattern reversed shy above the 1.236 Fibo extension of wave ((a))! The push to 19463 (Thursday's high) is not clearly an impulsive...
Hello Traders, The NIFTY50 made another lower low at 18837.85 on Friday's session. This was my mentioned argument for the reminder of the week. I counted the waves as a wave (3) @ 18337.85 and a wave (4) in progress or completed. So another low would be in the cards for the coming trading days! An open target area according to my latest analysis is at or around @...
Hello Traders, The forecast of my last analysis was in line with the market action! The NIFTY50 fell to 19074 this morning after breaking below the 1954x range and hitting my "target window" well! Today's low is also at the 0.88 Fibonacci level, which is not a price target for an a-b-c or w-x-y pattern (in my opinion)! So, is there another lower low to come? As...
Hello Traders, NIFTY50 spiked higher at Monday's opening to19849 and then dropped to 19541 for a weekly close! This is in line with my expectations if the 1984x area wouldn't be reached and extended! In the 1954x area, the price seems to be supported by traders who have bought calls to bet on higher price levels. Therefore, a break below this level opens the door...
Hello traders, the NIFTY50 has been moving sideways in the past week, with a range between 19495 and 19843 (low to high). Additionally, a new resistance level was established at 19851. To achieve more gains in the coming week, the market needs to break through this level. If the low at 19333 was a wave a or w, then the running move is part of wave b or x, or it...
Hello Traders, NIFTY50 broke down off the rectangle and declined to 19533. Within this move, a gap-down occurred! At the very next session (October 05) a gap-up was next. This pattern is a classical "Island-gap" and more often than not indicates a change of direction within an established trend. In this case, probably to the upside. Furthermore, to observe on a...
Hello Traders, both the recent buy and sell signals have failed, resulting in traps. From my perspective, the market is about to be poised for its next significant movement. Based on my 1-hour chart analysis, I can see a small, green rectangular box. However, trading within that box is not particularly crucial. Breaking the box with high volume, regardless of...
Hello Traders, today NIFTY50 opem with a gap-down @ 19637 (low @ 19554), but reversed to close the day @ 19716! From an technical perpective aBuy-signal occurs; a "bullish Engulfing", even mor a "hammer-candle. No matter which of this one it was, a buy-signal is a buy-ignal. So chance is given that N50 will rise probably for the reminder of the week. But keep in...
Hello Traders, on September 02 I published a "trading-idea" for INTEL! This idea implicate a "stop-buy-order @ $36.60-37-19 with target @ 39.71! This idea worked out well, and the stock touched my target level within a "spike" of an "Inverted-hammer" candle. Since then, the stock changed trend and is now in a corrective set-up! There is no need to jump in on a...
Hello Traders. NIFTY50 has changed trend to the downside. At 20222 a new ATH was established and a wave of higher degree was complete! Friday's close @ 19674 is just part of the correction, with possible lower lows in the coming days. One price target is the call-out level of 19200-19300 range. Here, a wave 4 of lower degree was done. Notice. More bearish...
Hello Traders, back again with an update to NIFTY50! The forecast as per my latter analysis worked out well! NIFTY50 has risen to a new ATH after a break to the upside off the wedge! Breaks out of this pattern more often than not, move sharp and strong with higher volume and extend often! So, the question is what will be next for India's stock market? As to...
Hello Traders, INTEL (Ticker @ NDX: INTC) is working his way to the upside. The stock is advancing since his low @ $24.59 on October 13, 2022. On Friday's session, the stock touched a multiple resistance area around $36.60! The stock is also shy before to set a new 52-weeks high! Trading-Idea: A break of this cited range @ 36,60 to the upside, opens the door to...
Hello Traders, Note : Next week will be no update. I`ll be back on September 16-17! NIFTY50 is trading below my cited target range @ 19584, but above Friday's low @ 19229. So, my targets to the upside, published at the latest analysis, are still valid. Furthermore, N50 is advancing within a "wedge". No matter which pattern is developing within the wedge, a break...
Hello Traders, NIFTY50 open strong on Monday, a gap-up to 12928. Friday's low is still valid, the weakness for this week I was expecting did not occur so far! Today's candle is a "bear-candle" and closed within yesterday's trading range and near the support area @ 19300. A break of this line to the downside opens the door to Friday's low, and below, with more...