NIFTY METAL INDEX time and price analysis.Nifty metal Index now at 5770
Time Cycle 1 , Based on Fibonacci extension,,
Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,,
Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending..
So price and time squaring around the same point in trend,, when ever such scenario happens ,, trend change can be seen.
Time cycle 2 :- weekly time cycle of 188 bars
Calculating from last 2 swing peaks,, index is making peaks after interval of 188 trading weekly bars,,
Now this time 188 trading weekly bars mature in second week of august month,, which indicate a peak for this up trend if we go as per past history..
Bearish divergence,,
Price is making higher high, where as RSI and MACD Indicators are not able to make fresh high and are infact making lower high,, giving bearish divergence,,
RSI have given breakdown from rising channel formation and is continuously trading below the breakdown levels,,
MACD have also given bearish cross over from the peak and still is not able to regain it positive stance with the recent upmove,,
Elliot wave :-
Index is in impulse wave 5 of impulse phase,, which is considered as euphoric wave,, so if corrective phase ufolds going further ,, than good retracement of the current upmove can be seen
it's time to be cautious in metal sector,,,
Trend change possible soon...
Timecycle
Nifty auto spot good long candidateNifty auto spot cmp 10000.
Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern.
Time Frame :- Daily.
Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic nature,,, as per peak to peak cycle index might see upmove till first week of october..
Wolf wave :- At the moment index is trading in 5th wave of wolf wave formtation,, if wave 5 mature around this levels and reversal is seen in index from current levels,, than new bull run can be seen in this index and may give out performance now onwards,,,
Hidden bullish divergence in RSI indicator gives support for reversal in trend,,
Harmonic study :- Deep crab formation is observed as per retracement of last 2 swing ,, this can be pre assumption for the harmonic pattern ,, but if index manage to reverse from this levels , than would lead to formation of deep crab which have maturity point at much higher levels..
Chart Pattern :- Symmetrical triangle pattern,, index is trading around demand zone of triangle formation,, with divergence in indicators,, if managed to sustain above the demand line can give good reversal from current levels,, main trend can only be predicted once index gives breakout on either side of the triangel formation..
Good bullish formation observed in this index,, can start a fresh bull run....
NIFTY | Gann Master 12 Chart Case StudyGann Master 12 Chart
Gann Master 12 Chart (or Square of 12 Chart) is a time forecasting technique discovered by W. D. Gann which works amazingly well in describing longer time cycles. The chart appears as a two dimensional matrix containing 12 rows and 12 columns. Numbers in the chart usually denote time in Years. The matrix is constructed beginning with number 1 in the bottom left corner cell. It progresses in bottom up fashion from 2 to 12 in the first column. Second column starts with the number 13 in the bottom and moves up till 24. All the remaining columns of the matrix are constructed in similar fashion, finally placing number 144 (which is square of 12) in the top right corner cell of the matrix.
Years in the top (i.e. first) row represents top formation years whereas years in the middle (i.e. seventh) row represents bottom formation years.
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
12 ------ 24 ------ 36 ------ 48 ------ 60 ------ 72 ------ 84 ------ 96 ------ 108 ------ 120 ------ 132 ------ 144 (First Row : Top Formation Years)
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
11 ------ 23 ------ 35 ------ 47 ------ 59 ------ 71 ------ 83 ------ 95 ------ 107 ------ 119 ------ 131 ------ 143
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
10 ------ 22 ------ 34 ------ 46 ------ 58 ------ 70 ------ 82 ------ 94 ------ 106 ------ 118 ------ 130 ------ 142
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
9 -------- 21 ------ 33 ------ 45 ------ 57 ------ 69 ------ 81 ------ 93 ------ 105 ------ 117 ------ 129 ------ 141
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
8 -------- 20 ------ 32 ------ 44 ------ 56 ------ 68 ------ 80 ------ 92 ------ 104 ------ 116 ------ 128 ------ 140
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
7 -------- 19 ------ 31 ------ 43 ------ 55 ------ 67 ------ 79 ------ 91 ------ 103 ------ 115 ------ 127 ------ 139
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
6 -------- 18 ------ 30 ------ 42 ------ 54 ------ 66 ------ 78 ------ 90 ------ 102 ------ 114 ------ 126 ------ 138 (Seventh Row : Bottom Formation Years)
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
5 -------- 17 ------ 29 ------ 41 ------ 53 ------ 65 ------ 77 ------ 89 ------ 101 ------ 113 ------ 125 ------ 137
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
4 -------- 16 ------ 28 ------ 40 ------ 52 ------ 64 ------ 76 ------ 88 ------ 100 ------ 112 ------ 124 ------ 136
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
3 -------- 15 ------ 27 ------ 39 ------ 51 ------ 63 ------ 75 ------ 87 ------ 99 -------- 111 ------ 123 ------ 135
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ -------- ------
2 -------- 14 ------ 26 ------ 38 ------ 50 ------ 62 ------ 74 ------ 86 ------ 98 -------- 110 ------ 122 ------ 134
------ -------- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ -------- ------
1 -------- 13 ------ 25 ------ 37 ------ 49 ------ 61 ------ 73 ------ 85 ------ 97 -------- 109 ------ 121 ------ 133 (Last Row : Crash !)
Vibration number of the top formation years follow a definite sequence : 3-6-9-3-6-9-3-6-9-3-6-9
12 -> 1 + 2 = 3
24 -> 2 + 4 = 6
36 -> 3 + 6 = 9
48 -> 4 + 8 = 12 -> 1 + 2 = 3
60 -> 6 + 0 = 6
72 -> 7 + 2 = 9
84 -> 8 + 4 = 12 -> 1 + 2 = 3
and so on.
Similarly, the bottom formation years follow a specific sequence of vibration numbers : 6-9-3-6-9-3-6-9-3-6-9-3
If you notice carefully, 3-6-9-3-6-9-3-6-9-3-6-9 is a vibration sequence of 30º-60º-90º-120º-150º-180º-210º-240º-270º-300º-330º-360º angles round the circle.
Another important sequence of years in the chart is 9-18-27-36-45-54-63-72-81-90-99-108-117-126-135-144 (i.e. series of 9) wherein vibration number for each one of them is 9.
Gann Master 12 Chart for NIFTY 50
The Master 12 Chart for NIFTY 50 has been constructed beginning 1996 in the bottom left corner cell ranging up to year 2139 in the top right corner of the chart.
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2007 ------ 2019 ------ 2031 ------ 2043 ------ 2055 ------ 2067 ------ 2079 ------ 2091 ------ 2103 ------ 2115 ------ 2127 ------ 2139
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2006 ------ 2018 ------ 2030 ------ 2042 ------ 2054 ------ 2066 ------ 2078 ------ 2090 ------ 2102 ------ 2114 ------ 2126 ------ 2138
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2005 ------ 2017 ------ 2029 ------ 2041 ------ 2053 ------ 2065 ------ 2077 ------ 2089 ------ 2101 ------ 2113 ------ 2125 ------ 2137
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2004 ------ 2016 ------ 2028 ------ 2040 ------ 2052 ------ 2064 ------ 2076 ------ 2088 ------ 2100 ------ 2112 ------ 2124 ------ 2136
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2003 ------ 2015 ------ 2027 ------ 2039 ------ 2051 ------ 2063 ------ 2075 ------ 2087 ------ 2099 ------ 2111 ------ 2123 ------ 2135
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2002 ------ 2014 ------ 2026 ------ 2038 ------ 2050 ------ 2062 ------ 2074 ------ 2086 ------ 2098 ------ 2110 ------ 2122 ------ 2134
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2001 ------ 2013 ------ 2025 ------ 2037 ------ 2049 ------ 2061 ------ 2073 ------ 2085 ------ 2097 ------ 2109 ------ 2121 ------ 2133
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
2000 ------ 2012 ------ 2024 ------ 2036 ------ 2048 ------ 2060 ------ 2072 ------ 2084 ------ 2096 ------ 2108 ------ 2120 ------ 2132
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
1999 ------ 2011 ------ 2023 ------ 2035 ------ 2047 ------ 2059 ------ 2071 ------ 2083 ------ 2095 ------ 2107 ------ 2119 ------ 2131
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
1998 ------ 2010 ------ 2022 ------ 2034 ------ 2046 ------ 2058 ------ 2070 ------ 2082 ------ 2094 ------ 2106 ------ 2118 ------ 2130
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
1997 ------ 2009 ------ 2021 ------ 2033 ------ 2045 ------ 2057 ------ 2069 ------ 2081 ------ 2093 ------ 2105 ------ 2117 ------ 2129
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
1996 ------ 2008 ------ 2020 ------ 2032 ------ 2044 ------ 2056 ------ 2068 ------ 2080 ------ 2092 ------ 2104 ------ 2116 ------ 2128
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
Years in the first row are Top formation years; years in the middle row (i.e. seventh row) are bottom formation years and years in the last row are crash years. Is It True ?
NIFTY 50 index was launched in 1996 (bottom left corner cell).
Formed an intermediate bottom in November 1998 around 800 level. From this level, NIFTY rallied more than 100% within 18 months and formed a top around 1800 level. Please note that, the year 1998 (1998 -> 1 + 9 + 9 + 8 = 27 -> 2 + 7 = 9) has vibration number 9.
NIFTY formed bottom around 850 in September 2001. Year 2001 is a bottom formation year according to the Master 12 Chart.
NIFTY formed top around 6300 in December 2007. Year 2007 is a top formation year according to the Master 12 Chart. Also, it was a vibration number 9 year (2007 -> 2 + 0 + 0 + 7 = 9).
The Great Crash of 2008 happened. NIFTY crashed nearly 60% from its 2007 top forming bottom around 2500 level.
NIFTY traded between 2500 and 6300 levels till mid 2013.
Bullish wave started forming bottom around the 5200 level in August 2013. Year 2013 is a bottom formation year according to the Master 12 Chart.
Formed an intermediate bottom in February 2016 around 6825 level. From this level, NIFTY unanimously rallied nearly 75% within 36 months to reach 12300 level. Interestingly, the year 2016 (2016 -> 2 + 0 + 1 + 6 = 9) too has vibration number 9.
Covid Crash of Year 2020 happened. NIFTY crashed 40% to form the bottom around 7500 level. NIFTY bounced back nearly 100% from Covid low within a year's time. Currently trading in the ATH zone of 15000.
Conclusions
In summary, NIFTY formed bottom in the year 2001, topped out in 2007, crashed in 2008, bull run started forming bottom in 2013, topped out in 2019, crashed in 2020. Period.
As per the Master 12 chart, NIFTY may remain in revival phase till the year 2024.
Year 2025 could be the beginning of a bull market. As per the Master 12 chart, 2025 is a bottom formation year and is a vibration 9 year too (2025 -> 2 + 0 + 2 + 5 = 9).
Year 2031 could be the end of the bull market and the cycle repeats.
Reference:
Original article was published on 12-Sep-2019 as a private blog.
equiknowx.blogspot.com
TATA steel good short candidateTata steel spot cmp 1070
Time cycle study
weekly time frame
245 calendar days and 35 weekly candles time cycle matures this week..
So trend change possible in this counter,, as current trend is on bullish side,, we can see trend change at current scenario ,,
Retracement of 0.382 to 0.50% of current rally can be seen,,,
Good short candidate..
ADANIPORTS | An Early Attempt to Capture the TOPADANIPORTS | An Early Attempt to Capture the TOP
ADANIPORTS gave a Rock On performance as published on 13-JAN-2021 | | Currently trading above final target of 729 | What Next ?
Week starting 22-Mar-2021 is 52nd week from an important low of 203 formed on 23-Mar-2020 | Yearly Time Cycle | Could be a potential reversal zone
More precisely, 23-Mar-2021 is the first anniversary date from low of 203 formed on 23-Mar-2020
This stock is approaching a very important Gann resistance level of 798 | The bullish run started from 203 level would be completing 7th Gann Price Cycle at 798 | Yes, the Fatal Number 7 !
Week starting 22-Mar-2021 could potentially be a Gann Price Time Square zone as well | Gann angles (1x1) drawn from low of 203 would nearly meet 798 level in the week of 22-Mar-2021
Reduced momentum | Indicator Divergence
For now, important levels to watch above 798 are 841 / 900 / 915 / 1000 / 1040 | Support levels below 729 are 699 / 649 / 625 / 576 / 512
This is not a trade recommendation. Levels would be updates as per the Time and Price actions.
Its time to put your eyes on this stock, HCLTECH.I am not going to write here everything but you can ask in comment section if you have any query.
Let's take one look for the big picture.
Primary trend is up and strong.
On this stock, the timeCycle offers much accurate use.
As per the timeCycle , this is a perfect time short this stock 593.55 nearby. The price is trading at value high, this one is a good chance for the short sellers.
From a longer perspective, there is a still problem in BANKNIFTY
Long term tight channe l since 2016.
3 excesses at the value and one excess at value low.
5 waves are completed.
A previous Resistance and Wave(3) at 28227 (can be upcoming support).
50 days moving average is at 28080 nearby (too far for work as support).
Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug 2019(approx. plotted).
Conclusion: From a longer perspective, there is a still problem in BANKNIFTY.
I visualized your clearly yesterday (5)wave of NIFTYI visualized your clearly yesterday (5)wave as a target from Major Channe l if you don't forget it.
Overlapping, and (5th) leg both are a sign of the big move. We can analyze the correct direct due to the live market from a higher timeFrame. I will update here direction and chart.
From TimeCycle, we are really very near to close pattern and Wave.
Axisbank at support and compellig for investors.Channel (i) and Channel (ii ) was represented at support or at value low . Axis bank created an excess in both channels which good opportunity to buy 741 nearby with stop loss of 730 below of candle closing base. Target is 766 nearby at control price.
TimeCycle (2) is also going to positive.
If there is not anything -ve on this stock, Support will be compelling for investors.
NIFTY: TIME CYCLE SECRETObservations:
> NiftyIndex up waves are ending within 25 days and down waves within 7 days.
> Bullish or Bearish crossover, or divergence at the end of waves.
> Strong Bullish and Bearish patterns seen at the end of up and down waves respectively.
Combining all these three observations can provide strong Buy and Sell signals.
Current Up wave:
> Current move also started with a kicker and gap up along with a bullish divergence on the oscillator.
> If price stays with in the channel, the possible targets could be the upper trendline of the major channel shown in the chart, which comes out to be 10500-10600.
> If price overshoots the channel line, the possible target for this wave could be 10900 to 11000.
> If this wave cycle repeats, the current wave may end near 20th December 2017
Do Hit the like button and share your thought on the post.
Trade safe, stay healthy.
Regards
Bravetotrade
Nifty - Time AnalysisThe rally from ~7950 to ~8950 has taken 50 bars / 75 days and the fall from ~8,950 to ~8,000 is in equal time cycle. Relative Strength Index is trading at 2016 lows suggesting reversal on cards.
I am expecting the reversal to take place either today or tomorrow.
The setup would fail if Nifty closes below 7,900. The major trend change level would be only above 8,600.