The Third Eye

Friday, July 27, 2018

Blood Moon, Eclipse, Stock Markets, Nifty, Elliott Wave,.......

On 27th July 2018 we witnessed the Blood Moon, Longest Total Lunar Eclipse of the Century !!!

Sunday, October 30, 2016

HAPPY DIWALI !!!

Wishing All a Peaceful, Prosperous & Happy Diwali !

Sunday, April 3, 2016

Elliott Wave and Technical Analysis for Nifty

Let us take a look at the Probability as of now.

Follow up of the last Post -

For last two weeks prices have been moving in a tight range above/ below 7500 and now seems to have broken out of this range in the last session.

This week is truncated followed by the Expiry week.

Monday, February 29, 2016

Nifty- Budget 2016

Last Post http://aar-vee.blogspot.in/2016/02/elliott-wave-technical-analysis-for.html#more expected the following Probability :

Since Trend is Down, keeping below 7230 close we may retest the Low / further below.

We may get an upside bounce on a close above 7000 to test the Resistance zone now at 7150-7230.

Close above 7270 may signal a Bottom in place as of now.

Positionally the Low 6869 and apprx 100 points below is now a good Support zone.

As of now :

Will update on this further.

Monday, February 15, 2016

Elliott Wave & Technical Analysis for Nifty

A Big Weekly Downside. Markets Down almost 25% from the Top of 9119. Check out the Charts as of now.

Elliott Wave & Technical Analysis for Nifty

After a dull expiry for Jan series and big move on Friday, lets check out the charts as of now -

Nifty in Expiry Week- Jan 2016

Are the Bears leaving or still sniffing opportunity?

Last week Nifty achieved the basic target of Correction at 7350 apprx and went further down. Let us check the short term Probability in store for this week.

Elliott Wave & Technical Analysis for Nifty

Prolonged Correction is on from the High of 9119. The start of 2016 has been quite Bearish. Check out where do we stand in bigger Picture and the probable structure of Correction .

Elliott Wave & Technical Analysis for Nifty

Elliott Wave and Technical Analysis for Nifty

Is there a Reversal in sight ? Let's check the last post observations and follow up -

Happy Holi !!!

WISHING A HAPPY & COLORFUL HOLI TO ALL !!!

Sunday, February 22, 2015

Elliott Wave & Technical Analysis for Nifty

Nifty's Trend is that of sustained upmove with only Short term corrections and making Higher Lows- Higher Highs.

Lets check out what lies ahead before upcoming Annual Budget -

Cheers !!!

Sunday, December 28, 2014

Divergence in Indicators

REGULAR DIVERGENCE :

If price is making lower lows (LL), but the oscillator is making higher lows (HL), this is considered to be regular bullish divergence.

This normally occurs at the end of a down trend. After establishing a second bottom, if the oscillator fails to make a new low, it is likely that the price will rise, as price and momentum are normally expected to move in line with each other.

Below is an image that portrays regular bullish divergence.

Now, if the price is making a higher high (HH), but the oscillator is lower high (LH), then you have regular bearish divergence.

This type of divergence can be found in an uptrend. After price makes that second high, if the oscillator makes a lower high, then you can probably expect price to reverse and drop.

In the image below, we see that price reverses after making the second top.

HIDDEN DIVERGENCE :

Divergences not only signal a potential trend reversal; they can also be used as a possible sign for a trend continuation.

Hidden bullish divergence happens when price is making a higher low (HL), but the oscillator is showing a lower low (LL).

Once price makes a higher low, look and see if the oscillator does the same. If it doesn’t and makes a lower low, then we’ve got some hidden bullish divergence in our hands.

hidden bearish divergence. This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). By now you’ve probably guessed that this occurs in a downtrend. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.