Crude Oil - Was Rally Expected ?

Crude Oil rallies almost 30% from lows

Nymex Crude from lows of 37.75 yesterday tested high of 49.19 ...

There is always an argument that Technical Analysis is for short term ... Can Technical Analysis assist in interpreting long term trends ???

Probably Yes. If done in an appropriate manner ....

Here is one of such Examples ...

In January 2015, Our research indicated crude can bottom out near 38 - 40

For more details visit:

http://swing-research.blogspot.in/2015/01/can-crude-oil-regain-some-charm-in-2015.html

Our update also indicated intermediate bottom near 43 - 44 and expected bounce near 66 - 68 and high was around 65.20 ....  

From there again tests 37.75 (expected low 38 - 40 about 9 months ago ....

Rest is seen in charts below bounces 30+% from sensitive bottom:

                                                                      Daily Chart

To Know more about Elliot Wave Counts and where probably markets are heading towards intermediate and short term levels, educate yourself  with us from simple to advanced concepts contact us.

Raju V Angadi Vishwanath, B.E., MS, CMT

Equity Technical Analyst

"Education is our Passport for the Future, For Tomorrow Belongs to the People those who prepare for it Today " ...

 

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Training Workshops on Financial Markets  Contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900

Bank of Baroda - Impulsive pattern Seen

                                                                        Daily Chart

• Bank of Baroda has been one of the top gainers in last couple of months gaining around 50%
• Now stock is up 30+%  cooling off from 217 highs from 145 trading around 188 levels
• The stock has started its impulsive move after an A-B-C Zigzag correction of Primary degree
• Now from 138 - 217 was a 5 - wave advance is well

What is in store Next ? 

Are we about to start Mother of Bull run in counter III of 3 ?

 
 Even though stock in Impulsive pattern with long term bull run can test 320+ , still appropriate Entry points are vital because favorable Risk/Reward ration is of importance in trading both impulsive and corrective patterns that to particularly in volatile market environments ...

There is a belief that "Technical Analysis is Only for short term .... While objective Technical Analysis approach can assist in interpreting the markets even in long term from months to years ....

To Know more about Elliot Wave Counts and where probably markets are heading towards intermediate and short term levels, educate yourself  with us from simple to advanced concepts contact us.

Raju V Angadi Vishwanath, B.E., MS, CMT

Equity Technical Analyst

"If you are not willing to learn, No one can help you ... If you are willing to learn, No one can stop you" ...

 

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Training Workshops on Financial Markets  Contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900

 

Has Crude made a bottom - Follow Up (4th January 2015)

NYMEX (WTI) Crude makes a bottom at $37.75 and flies off toward $43

Trend change would be above $48 .... On weekly chart Crude has made 5 wave decline and A-B-C correction on broader picture ....

A Positive divergence in mechanical indicators has initiated a bounce ....

Weekly Chart

Bang On !!! Crude took a support near lower end 38 (37.75 low)  odd levels and reversed sharply as anticipated on January 2015.

(Source: http://swing-research.blogspot.in/2015/01/can-crude-oil-regain-some-charm-in-2015.html )

There is a belief that "Technical Analysis is Only for short term .... While objective Technical Analysis approach can assist in interpreting the markets even in long term from months to years ....

What is Next in store for Crude Oil ? 

One of the most consumed Commodity across the globe ?

To Know more about Elliot Wave Counts and where probably markets are heading towards intermediate and short term levels, educate yourself  with us from simple to advanced concepts contact us.

Raju V Angadi Vishwanath, B.E., MS, CMT

Equity Technical Analyst

"The Only Person Who is Educated is the one who is learned how to learn and change"

 

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Training Workshops on Financial Markets (Technical Analysis)  Contact on:

 rvangadi@googlemail.com

Tata Steel Inside the 7-year Triangle - What Next ?

                                                                  Monthly Chart

• Tata Steel is inside a 7 - year Symmetrical triangle on monthly Charts
• The stock is approaching near crucial support zone tested 200 levels this week
• The Lower end of the Channel can be a demand zone

To Know more about Elliot Wave Counts and where probably markets are heading towards intermediate and short term levels, educate yourself  with us from simple to advanced concepts contact us.

Raju V Angadi Vishwanath, B.E., MS, CMT

Equity Technical Analyst

"Learning gives creativity, 

  Creativity leads to thinking, 

  Thinking provides knowledge,

   Knowledge Makes your Great"

- Abdul Kalam

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis & Financial Markets Contact on:

 rvangadi@googlemail.com 

The three D`s that Doomed Dalal Street to Halal Street - What is in store next ?

The three D`s that Doomed Dalal Street to Halal Street

D - Diamond Top rare Pattern in NIFTY was formed ...

D - Devastating Wave C`s  of Zigzag Correction ....

D - Doomy Global Scenario & Currency war saw Dalal Street dramatic Sell-off can be remembered as Black Monday (24 August 2015) historically  ....

Daily Chart

 Is this just a correction of a ongoing bull market or are we entering in a bear phase is the big Question ?

Until 7400 is intact long term Bullishness in NIFTY would be intact ....

To Know more about Elliot Wave Counts and where probably markets are heading towards intermediate and short term levels, educate yourself  with us from simple to advanced concepts contact us.

Raju V Angadi Vishwanath, B.E., MS, CMT

Equity Technical Analyst

"The Whole Purpose of Education is to turn mirrors into Windows" - Sydney J. Harris

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com

NIFTY Objectivity of Elliot Wave - Follow Up (22nd July 2015)

 
NIFTY as charts indicated the move from 7940 - 8650 was corrective move ....

Elliot wave pattern indicated probable truncation of corrective trend near 8650 a major confluence zone ..... A two stage confirmation was below 8540 as breadth was weakening and lackluster move in large cap stocks was the indication of deteriorating trend .....

"The Beginning is most import part of work" - Plato

 So Start to learn today .... Change your tomorrow ....

For more details of our previous NIFTY update visit:

http://swing-research.blogspot.in/2015/07/is-nifty-move-corrective-or-impulsive.html

NIFTY 30 Minute Chart (21st July 2015) 

                                                   NIFTY Daily Chart (24 Aug 2015)

Rest is history Now !!! Bang on & We are back below 8000 levels .... The Objectivity of Elliot Wave can be achieved almost to precession with other tools If applied appropriately, which is the beauty of Elliot Wave Analysis ....

So understanding the importance of trend is vital with concepts of Balance and Proportion to attain objectivity ....

What is the Next Major trend turning Point for NIFTY ?

Combination of basic technical tools and Advanced Elliot Wave Approach will assist in attaining edge over the crowd in analysis. Along with also appropriate Risk/Reward ratio & good money management techniques would be the mantra to attain trading success.

Technical Analysis can be classified into: 

Basic & Advanced concepts with both reactive and predictive mechanisms involved with it.

To Know more about counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts contact us.  

"The Beautiful thing about learning is that no one can take it away from you " - BB King

Raju V Angadi Vishwanath, B.E., MS, CMT

Equity Technical Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com

BPL - Bullish Pattern Seen

                                                                   Daily Charts


BPL Bullish Cup & handle Pattern seen on daily charts

The pattern targets for the stock could be around 60+

But only appropriate Risk/Reward ratio (Entry, Exit & Stop loss levels) along with good money management techniques would be the mantra to attain trading and/or investing success.

To Know more about Elliot Wave Counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts contact us.

"Education is the Key to unlock Golden door of freedom" - George Washington Carver

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com 

Learn the Financial Roadmap to Grow Your Money – Financial Freedom

 

Speaker Biography

Raju Angadi Vishwanath, B.E., MS, CMT,  is an experienced Technical Analyst with 5+ years industry experience  in Financial Markets advising and trading Equities, Commodities and Currencies and Chartered Market Technician (CMT) from Market Technician Association (MTA), USA. Raju did his Masters from De Montfort University, UK and Bachelor of Engineering from Visvesvaraya Technical University, Karnataka.

Raju carries vast experience of analyzing Indian & Global Equity, Currency and Commodity markets using techniques like Dow Theory, Elliott Waves, Advance Fibonacci Tools, and momentum tools. He has been a Guest Speaker and Core Committee Member Association of Technical market Analysts (ATMA), Bangalore chapter. He contributes to newsletters for ATMA, India. He has been Guest speaker in various B-Schools on Overview on Financial Markets and Technical Analysis.

Raju has been a real-time industry practitioner and has been working as a Technical Analyst – Research, PCS Securities Ltd, Bangalore. He has been regular blogger providing his view on Indian Equities & Commodities in his personal blog Swing Research (http://swing-research.blogspot.in/) from more than 3 - years. He is also a guest faculty for Stock market Institute, Bangalore an initiative of Jain Group of Institutions (JGI Ventures). In the process he has trained personally more than 500+ students, professionals, Businessmen on Financial Markets Investments & Trading from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies.

 

Bajaj Auto - Medium term Outlook

Daily Chart

Bajaj Auto has formed H & S Pattern
The stock now trading below 50 - DMA (2465)
A swift corrective zigzag rally from 1880 - 2650 odd levels sync with bearish pattern
Near term outlook for the stock looks bearish

But only appropriate Risk/Reward ratio (Entry, Exit & Stop loss levels) along with good money management techniques would be the mantra to attain trading and/or investing success.

To Know more about Elliot Wave Counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts contact us.

"An Investment in Education always pays the best Interest" - Ben Franklin

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com 

LIC Housing Finance - Long term Probable EW counts

Weekly Chart

• LIC Housing in a structural Bull run.
• The stock is in Elliot Wave III of primary degree
• Is the move from 390 - 511 impulsive or still corrective ?

Stock has started its Wave (3) of III or  we are yet to complete Wave (2) of III in the form of running flat or expanded flat correction ?

In medium to long term Wave (3) of III could have a potential 608/ 655/ 950 odd levels

But only appropriate Risk/Reward ratio (Entry, Exit & Stop loss levels) along with good money management techniques would be the mantra to attain trading and/or investing success.

To Know more about Elliot Wave Counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts contact us.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com

IB Real Estate - What can be next directional Move ? (Update)

               IB Real from 61 tests 68+. Book 50 % & Move SL to cost. Next pattern targets 73 / 77+ ...

To Know more about counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts contact us.  

"Education is not the preparation for life; Education is life itself " - John Dewey

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900

                                     
             

 

Daily Chart

     
IB Real Estate broken out of Inverse H & S Patten ...

What could be the next trending move ?

With swift market moves timing becomes vital in which mechanical indicators and other risk / reward parameters are required to optimize trades and manage risk.

Combination of basic technical tools and pattern trading are basic foundation blocks of Technical Analysis. But only appropriate Risk/Reward ratio along with good money management techniques would be the mantra to attain trading success.

Technical Analysis can be classified into: 

Basic & Advanced concepts with both reactive and predictive mechanisms involved with it.

To Know more about counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts contact us.  

"Education is not the preparation for life; Education is life itself " - John Dewey

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com