selvamB

selvamB Aug 29, 2024

Logic; Reacent correction with pessimism created more energy for the bulls We are in 'C' wave of final blow up, 6100 is reachable before nov'24 Happy BULLS

selvamB Updated  Aug 5, 2024

After a long journey, SPX index now shows some indication for profit booking. the simplest 3 wave ZIGZAG correction is underway until this month end. Support or buying may be seen @ 5220. shorting in wave 'C' is always risk less

selvamB May 3, 2024

As per neowave analysis wave D is to unfold its mega wave ''C'' wave A and B are Flat to reach the 1.618 of previous wave today this will happen ,from next week onwards you can see the ABYSS All important levels are given in the chart, trade accordingly. This is as per wave theory, real time application into trade is on your risk

selvamB Updated  Apr 14, 2024

Elliott wave analysis on s&p500 The extending wave 'C' finishes its 3rd rise, now its time for wave 4 fall which is obviously a zigzag in nature, since this is motive wave ,you can hold PUTs until 5000

selvamB Updated  Apr 14, 2024

Will this 2nd wave of extension surpass 5177? watch this level for termination

selvamB Updated  Mar 25, 2024

Neo WAVE+CPR+VOLUME Analysis of NIFTY 50 index high volume selloff on 15th march ignites the fire on NIFTY . As wave 'C' unfolds ,shorting nifty is good for traders Monthly CPR Pierced today, so no more 21900 support . 21250,previous monthly CPR will be the support of this month

selvamB Updated  Mar 14, 2024

On going ABCDE triangle wave not yet terminated, continue bullish stand

selvamB Mar 7, 2024

US$ weakness fuels GOLD to move up. GOLD futures are in wave 'C' of ABC recovery wave.

selvamB Updated  Nov 22, 2023

The end of correction is evident by today's price action. Engulfing entire 'C' wave. Today smart money bought slowly and steadily reached above 19452 . 5 wave downward push is completed and it is visible on EOD chart. buy at 19300 pull back next week for handsome profits

selvamB Updated  Nov 21, 2023

Classic form of ''C'' wave exhibited by S&P500 index Wave1 to wave 3 completed, wave 3 not exceeded 1.618times of wave 1 This is interesting because if the 3rd wave is within 1.618 times of wave 1 , there is a chance of end of correction. but to confirm this bullish strategy wave ''A'' of 4th wave to reach above either 50% of wave 3 or wave 1 territory. this...

selvamB Updated  Nov 2, 2023

As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today since the recovery wave ABC extended nearly 76.8% of previous wave expect a soft bear market cycle for 8 months from now. trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too Do not hold your short positions for more days , as...

selvamB Updated  Aug 25, 2023

Final leg of selling is pending in all world indices. NIFTY may fall free up to 18870 if it breaks 19250. lets wait and watch

selvamB Jul 13, 2023

ABC ZIGZAG correction is due on this week, A=C-19690 future bullishness may be possible if this level breached by next week

selvamB Jul 11, 2023

Trading is a fight between bulls and bears. In a Bull market, correction is inevitable, but it has a disciplined price limits. the above chart discuss the psychology of traders in a 5 wave price action you can apply it on any indices

selvamB Jun 28, 2023

B wave is fuelled for its final upside, Novice investors missed the bus as Media's propaganda of recession, interest rate fear made them to not participate in this rally But smart traders bet on otherside as institutions piled up with huge hedge positions target of 4630 is achievable before july 17th as the current earnings may fuel further

selvamB Jun 28, 2023

The under going C wave of ABC zigzag correction may push the price of GOLD to drastic down Falling crude price, rising stocks, are the main reason India is started its sowing process which is also a diminishing factor The Fibonacci targets are shown

selvamB Updated  May 30, 2023

5th wave climax action may push the index near 18680

selvamB Updated  May 26, 2023

profit booking in GOLD is inevitable as inflation fear eases