Shivam_Gaba

Shivam_Gaba

Wave 2 of 3: This corrective wave occurred between September 2022 and March 2023, lasting approximately 28 weeks, as highlighted in the chart. Wave 4's Progression: The recent peak in September suggests symmetry in the cycle, mirroring Wave 2's timeline. If Wave 4 matches Wave 2 in duration (around 28 weeks), the current upward movement could still be part of...

Shivam_Gaba Updated 

Reliance Industries has broken out of a big falling channel. The pattern size projection is around 3200. The momentum indicators are bullish across Monthly, Weekly and Daily Timeframes.

Shivam_Gaba Updated 

The S&P 500 is up and running in iii of 3 wave. The equality level is at 4690. The rally should see broad participation from all sectors as speculators continue to unwind from record short positions.

Shivam_Gaba Updated 

A potential for starting next fractal which would be a wave 3 of 3. It is more often than not a very strong move in this part of the Elliott wave structure. The equality level points close to 36300 while the larger 3=1 is around 49000.

Shivam_Gaba

Almost all indices in this layout are showing triangular topping formations. Ending Diagonals in Nifty 50, Nifty 500, Nifty Midcap 100, Nifty IT. B Wave triangles in Nifty Small Cap 100, Bank Nifty, Fin Nifty index. Nifty IT has already broken down of the pattern. Let's see how other charts follow up.

Shivam_Gaba

Yesterday's spike in the CBOE Put/Call Ratio brings it closer to the spikes seen during Covid fall and the December '22 bottom. This is a sign of extreme panic and we could be very near to the bottom in US Equities. SPX as of 4th Oct closing = 4263.76

Shivam_Gaba

It had a clean impulse on the daily chart. Now with 61% retracement done, it would be a good idea to consider Wave 3. Momentum Indicators are bullish on the weekly chart and it has taken a support from 40-week EMA. The candlestick is a hammer pattern as well. Classic example of resistance turned into a support or in other words, breakout and a...

Shivam_Gaba

When the market-wide put call ratio comes out of the bear market range for the first time the rally just keeps getting stronger as seen historically. We are currently doing the same thing.

Shivam_Gaba Updated 

A potential H&S Top pattern in Kotak Bank with neckline at 1630. Pattern target is at 1190. Elliot Wave wise, Wave B (a triangle) seems near completion and Wave C which will be a five-wave decline is possibly next. Minimum expectation of Wave C is to be equal to Wave A which is at around 1490. A negative divergence with momentum is seen on daily and weekly...

Shivam_Gaba

Was it just a one day knee jerk reaction? or will there be follow up on the downside// interesting times ahead

Shivam_Gaba Updated 

Expanding Triangle Possibility in Natural Gas - Mostly occurs at the end of a bull market.

Shivam_Gaba

Possible Elliot Wave counts for TSX Composite. Great short setup.

Shivam_Gaba

A lower low in the VIX not confirmed by a higher high in S&P 500 is a potential divergence. Previous tops and bottoms have seen similar kind of divergences where either one of the two does not confirm the move and hence results in a trend reversal. Note- This is not an investment advice.

Shivam_Gaba Updated 

Divergence in weekly chart of NIFTY and INDIAVIX. More explanation on the chart.

Shivam_Gaba Updated 

1. Bullish engulfing candle forming 2. Bullish RSI Divergence 3. Elliot Wave wise Wave 3 starts Good risk reward for longs.

Shivam_Gaba Updated 

A breakout with good volumes. Good risk reward to enter longs.

Shivam_Gaba Updated 

Traders, be cautious about the metals rally as it may give us a short term top. Will wait for confirmation with price action.

Shivam_Gaba Updated 

Confluence of multiple indicators at current levels for Long positions.