Shivam_Gaba

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.

Shivam_Gaba Updated 

Currently in either Wave 4 or Wave II of 3. Soon it starts Wave 5 or Wave III of 3 off to new highs.

Shivam_Gaba Updated 

Wave 3 seems to have kicked off. Good Risk Reward for Long positions.

Shivam_Gaba Updated 

Wave 3 had kicked of on Weekly Time frame which itself would sub-divide into 5 waves ( as per the Elliot Wave Theory). Initial Target at 871.

Shivam_Gaba

Simple Channeling and Trendlines can offer great Risk-Rewards. Always wait for confirmation. Let's see how it goes.

Shivam_Gaba Updated 

Multiple observations for Bank Nifty Daily Chart: > Double Bottom Chart Pattern > Bullish RSI Divergence > Bullish Engulfing Candlestick Pattern > 38.2% Fibonacci Retracement done from September Low of 20404.9 A break above today's high could take it to next falling trendline close to 34500. (Not an investment advise)

Shivam_Gaba Updated 

>Triangle Breakout and Bullish RSI Divergence on Hourly Chart. >Next Falling Trendline at 14750 (Not an investment advise)