deepgups

deepgups Updated 

This is the BEST I have been able to come up with. Sounds CRAZY...... But I think we are done with the TOP, and have followed it with A down, B up currently in play ( Remember B waves have the capacity to take out the Previous Highs and fall ) and this is what I am looking at. It also GELS with my Idea/ perception of a HNS formation posted a few days ago at higher...

deepgups

I rattled my Brain the whole day after I had posted the EW analysis on BN Weekly...... Somehow I just could not justify what 9/10 analysts r marking . Since the chart is very small in size resolution, go through it while I put for you all the chart Enlarged and the waves starting from wave 1 untill Current. Just remember Both IMPULSIVE waves 1 and 3 have a (5)...

deepgups

Essentially, something on the weekly timeframe of BN, says that we are almost going to make a ""TOP"". Could it be that the Current UPBEAT in the Indian markets is essentially just a EYE WASH to the MASSIVE GDP numbers we just got??? When you compare it with other nations, it is MASSIVE !!!!!. When I look back at the 2004 -2006 story, and How every day PENNY...

deepgups

Marking for you all the wave structure of the CURRENT wave in detail, wherein, I have shown the downside retracements (1), in case 1 is done, (2), in case wave B goes above 5 to make 1 and retraces back. Trust Me , this is a Traders market

deepgups Updated 

Both the previous and this Post have NEUTRAL strategy, because I wanted you all to see and understand what did happen and what will happen hereon. The AREA marked in the Red circle is slightly confusing for now. 1. where I have marked iii, can either be iii/1( wave 1 ), OR, we are still not done with wave 1 yet, and here I have shown it as subwaves iii and iv...

deepgups

Here is the Complete Breakdown of the waves as well as subwaves as they unfolded from March 2020 Lows. The chart had to be compressed to show you all the markings. However I could still not mark some subwaves as they would not fit and it would become a very Messy affair. I have left the Current wave BLANK for now, and will give you all the markings in a Separate...

deepgups Updated 

By the Looks of it, we are completing a 5 wave (1) structure in NF. Be careful if you are Long. Any break of the Lower Trend Line will call for some Heavy Selling

deepgups Updated 

Here is an example of an ENDING DIAGONAL? RISING WEDGE....... a Move up but coming back into this formation signifies a Bearish Trend. This is 15 tf chart of NS

deepgups

Showing the TRIANGLE set up of BNF on a 15 minute tf...... it has stayed within this formation since opening EXCEPT the OPENING WICK. Any 1 side break of the UPPER/LOWER Trend Lines will lead to a Breakout OR a SELL OFF

deepgups Updated 

The same pattern persists on SGX as well. I am not sure, hence sharing so that someone else here can throw some Light . Look at the Sloping of the Lines in both SGX as well as NS..... it also reminds Me of a TRIANGLE ??????

deepgups

I considered it correct to share this SETUP forming on NS. This pattern is almost UNIVERSAL across all Timeframes. Something Beneath is Cooking in terms of a "" HEAD AND SHOULDER "" Pattern formation. Just a Word of Caution that is all. Open your charts and you all will see the same set up in BNS as well. No wonder I wrote.... """ DOUBTFUL ABOUT THIS WAVE AS NO...

deepgups

Good Morning. In the SERIES OF TUTORIALS, Learn with a sharp eye the formations such as Triangles, also Called Ending Diagonal . 1. The slope of the Triangle is downward facing and is Usually formed when the Market is about to take off to the upside. This usually happens when wave 3 UP is about to take place and Usually opens with a GAPUP. Price MUST breakout...

deepgups

Enclosing the DJIA ( LONG TERM) chart and how I perceive the Long Term WOLFE WAVE to play out. Please Remember, I am as good as my Perception and that is where the Story Ends. I put forward for All of You ideas from Out of the Box. I see all waves within the Channel except a Tiny Bit where I mention @ DOUBTFUL. To understand and to Apply is for you to decide and handle

deepgups Updated 

An interesting pattern is playing out on the Indices@ WOLFE WAVE. The pattern Must unfold into 5 waves as shown in the chart and the UTMOST Condition remains that The Waves Must more or Less Remain within the Channel. My ONLY Doubt remains in 2(B), else everything else so far seems to fit the bill. The same pattern Unfolds on BNS/BNF as well. Someone should try to...

deepgups

I am initiating for myself a Buy on Dips strategy for the Market as the 5 and 15 time frame charts are looking very Bullish. A buy at apprxx between 38670 to 39000 apprx should be fine. The FIB table is attached as well Please trade at your own RISK

deepgups Updated 

For all those wondering what really happened ?????? The answer to your questions lie here in this chart

deepgups Updated 

What do you think just happened????? Well its simple. We are still in wave ""B"" in a corrective Rally. Why do you think we had such a massive Bounce on BNF ???? The point is simple, on Tuesday, the Closing NEVER went above 39779 which was the previous high, so today it came back with a vengence to cross above that high to mark wave B. Now this will also mean that...

deepgups

Giving below the THEORY that says, the difference between TUESDAYS high minus Low, should be the target to the downside, breaking below Tuesdays Low. For EXAMPLE- High is 39800. Low is 39000. Hence 39800 minus 39000 = 800 points. So the Downside Target Must be 39000 minus 800 = 37200. Always Remember the story does not END here. The market MAY decide that it...