About meDinesh Naidu , Founder and Market Strategist at waveadvisory with almost 6 years of expertise in the Financial market, Dinesh Naidu is fueled by his passion for understanding nuances of financial markets.
Stocks are in a bearish trend since the start of the year, after the Federal Reserve came out with a hawkish policy outlook to fight inflation . And other central banks have followed in the same decision, only adding to the bearish tilt.
However, if the recession risk gets worse then this policy may quickly come to an end. And should this occur, stocks may be...
SHRIRAM TRANSPORT FINANCE (Short-term update)
BUY @ CMP
Invalidation level - 1002
Target: 1300, 1432
The short-term Elliott wave view in SRTRANSFIN suggests that the stock has given a breakout from
a bullish ascending pattern with volumes which indicates the momentum is likely to continue to the upside.
While any decline in the price could be a...
Win rate isn’t as important as your risk reward ratio.
With a high risk reward ratio, you could have a win rate of 30-40% and still be profitable.
That’s why it’s so important to keep your losses small so your wins can exceed them and allow you to remain sustainably profitable.
1) I am patient in waiting for the market to come for me.
2) I know that not every day will be a trading day and I'm okay with sitting out until a setup appears.
3) I am gaining self-awareness around my strengths and weakness day to help me improve my trading.
4) I am choosing to become a professional trader by following my plan and managing risk.
A major forex pair, USD/JPY, is trading at highs it hasn't revisited since 1998 & 2002. As it rises, the value of the Japanese yen keeps dropping. Already at "historic lows," how much lower could the yen go?
The thrust from the wave b triangle is still unfolding.
Fundamental: Company background
Company is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under the Pigeon and Gilma brands, and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium and premium kitchen solutions, respectively. Their kitchen...
STOVE KARFT : Buying dips after double three Elliott wave correction, Long-term investment pick
In this technical blog we’re going to take a quick look at the Elliott Wave charts of STOVE KRAFT published in members area of the website. As our members knew, we’ve been favoring the long side in STOVE KRAFT due to the fact that many Home appliances stocks been...
In the year 1996 Reserve Bank of India introduced the system of Primary Dealers with a view to strengthen the institutional infrastructure of Government Securities market. Six entities were granted licenses of which PNB Gilts was one. The Company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid up...
Buy @ 134-138
Incalidation level @ 123.65
Target: 154, 166
Elliott Wave View: NATIONAL THERMAL POWER CORPORATION, Wave 3 in progress?
The short-term Elliott wave view in NTPC suggests that the stock has given a breakout from a
bullish ascending pattern with volumes which indicates the momentum is likely to continue to the
Price has taken a...
Elliott Wave View:NIFTY 50 INDEX (NIFTY) Looking to Extend Higher, could be an (EXPANDED FLAT)? (Short-term update) Exhibit 1st Interpretaion
February 09, 2022 By Diensh Naidu
The short-term Elliott wave view in NIFTY 50 INDEX (NIFTY) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at...