Author: Ramki

Yesterday’s post was a teaser, just to demonstrate that it is possible for one to be convinced that a top is already in place. Yet, when it comes to risking real money, we cannot jump to conclusions without a careful consideration of all angles. As I said earlier, I will try to record a case study on this stock, but for the rest of you, who haven’t yet considered joining my online Elliott Wave Course, these additional charts should give some food for thought. The rest of the strategy and tactic will be in the case study that I will…

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I saw a catchy headline on Moneycontrol.com that read “A soft quarter for TCS — Avoid or add?”  It has always been my recommendation that we should be guided by these kinds of interesting articles to the extent they draw our attention to something we might have missed! But beyond that, we should doour own analysis. Yes, our own Elliott Wave analysis! How will you even start your Elliott Wave analysis of a stock such as TCS when it is close to its all-time high? Take a look at the daily chart shown below. What do you make out of…

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Elliott Waves are perhaps the most powerful of techniques a trader can use to profit from tyhe market. In fact, I can confidently say that a vast majority of successful traders in the financial markets use Elliott Waves to take money from the less educated traders. Unfortunately, most resources available in the internet are hard to understand and worse, will produce very poor results because of faulty implementation. Elliott Waves is an approach to trading, and most people who publish courses seem to merely reproduce what they have read in some standard text books. As a trader who risks his/her…

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I am currently consulting with a client who has an interest in United Spirits Ltd (Breweries & Distilleries sector). The stock is a perfect example of how we can use Elliott Waves to avoid the pitfalls that a classical analyst would generally overlook. I will share with you just the first 2 or 3 Elliott Wave charts of United Spirits to get you thinking. In my experience, a triangle is one of the most unreliable formations. Now you see it, and now it is gone!  Well, it doesn’t vanish, it just changes shape. I am not saying that this will…

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Dear WaveTimes Readers, 10 years back, on this day, I published my book Five Waves to Financial Freedom. Little did I imagine the kind of reception that this little book would see! Thank you for all your love and affection! According to Scribemedia.com, “Research suggests that the “average” self-published, digital-only book sells about 250 copies in its lifetime. By comparison, the average traditionally published book sells 3,000 copies, but as I mentioned above, only about 250-300 of those sales happen in the first year. For a traditional publisher to think of a nonfiction book as a success, it has to sell more…

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Results of Ramki’s watchlist of the week of 16 Aug 2021 The following was published on Saturday 14 August 2021 for the upcoming week of 16 August. 1. ENLV: (Enlivex Therapeutics Ltd) Friday Closing: $10.17 Looking to buy in 2 stages. One at $9.80 and the other at $ 9.54. Average will be $9.67 Stop loss at $9.10 ENLV opened the week with a gap up at $11.92, and rallied directly to $13.18. Then, on the following day, 17 August, it declined to a low of $9.41, triggering the two buy orders with an average rate of $9.67. On 18…

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I have just added one more video that runs for nearly 30 minutes to my popular online Elliott Wave course, “How to Profit from Elliott Waves”. In that, we discuss my previous case study on the Australian Index, a recent trade on XAUUSD that was closed just this morning, as well as the charts from one of the three stocks on my Watchlist for the current week! This particular section is invaluable for anyone who wants to see how I plan my trades, what factors need to be taken into account BEFORE entering the trade, etc etc. Ask any of…

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I had these three US stocks on my watchlist for last week. There were none for the Indian market. The Friday closing prices refereed here are as of 6 Aug 2021, and the watchlict was shared over the weekend. BNTX (Biontech) Friday Closing: $389.01 Looking to buy in two stages: 329 and 326 Stop 310 This stock dipped to a low on 336 on 11 Aug and went up by 16% —- HLIT (Harmonic Inc) Friday Closing: $10.00 Looking to buy in two stages: 9.57 and 9.21 Stop 8.82 This stock has dipped to a low of 9.55 on 13…

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A member of WaveTimes had approached me for a consultation on Bitcoin in May. On the 18th Of May, when BTCUSD was trading at 43023, I suggested that BTC was vulnerable for a sharp down move and while there was a chance for a recovery to 47000, we should not contemplate any trade on the long side. Within 24 hours, BTC fell to a low of 30,000, a move of 30%. With such a stupendous move behind us, I thought my client would appreciate an update. And the attached file below is what I had sent him. You can look…

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For the US market, I had looked at 4300 stocks and selected these 3 stocks for the week that ends today: UDR Inc, PEAK and PFE. 1. UDR, Inc. a self-administered real estate investment trust. Closing price on Friday: $54.99. See decent support at 53.20 and 52.20. Might buy in 2 stages with stop at 51.40 for a revisit of 56.30 Actual low was 54.59 and it went to 55.74 2. PEAK , HEALTHPEAK PROPERTIES INC. Friday closing price $36.97 . See supports at 36.30 and 35.40. Stronger support at 34.80 likely to hold for revisit of 37.60 and higher.…

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