Raise The Bar - For Yourself

Published: Tue, 06/08/21

When I am told to make my work more simple and easy to understand, I feel people are telling me to simply say buy/sell and leave it at that.

If you really want to master the market moves and be able to trade them then raise the Bar for yourself. Go to a new knowledge level

That is why I say i am sharing institutional grade analysis with retail investors. Now if you cannot understand it you can start a journey of learning by listening to Podcasts and videos plenty on subjects that you ignored. One place I have already referred many to is to listen to the 'Macrovoices' podcast, go to their website and listen to the free podcasts from hedge fund managers from around the world. You will get a new perspective of the world. Yes you may not understand everything at once but you will start asking the right questions. Then we can start applying that knowledge to what it means for India. The Long Short report this month tried to do just that, simplify and dust the surface on all the fake news and noise in the ocean.

There was no better way to explain why I remain relentlessly bullish and on my toes at the same time.

Let me leave you with some of the posts from this week on Indiacharts if you have not read them already to set the tone.

Rohit Srivastava

The Truth About the Markets

Today's Updates

Gold

The decline in Gold is wave iv of iii inside a 5 wave advance that is not yet complete. So the decline to 1870 [20dma] support was only a small a-b-c correction that is mostly over and the up trend resumes from here.

US 10 year Notes

US 10 year notes on weekly charts show that they closed at a higher high this week [lower yields], and the weekly momentum indicator remains in buy mode and below zero. This keeps the odds of higher bond prices open for the weeks ahead. 134 near the 40wema is the first resistance.

Shanghai Composite

The China stock index pulled back in wave II after a 5 wave advance and should be ready for another impulsive move in wave III of 4 toward 3800.

Dhampur Sugar

The updated wave count shows that wave IV may be complete, and we are breaking out into wave V, where V=I goes to 424. And that would only complete wave 3 of 3 circle long-term.

BSE Healthcare Index

The Healthcare Index has broken past the highs of an ascending triangle, not an Elliott wave triangle, now there is a difference for you to explore. What it may mean is that a larger 3rd wave up can have started. and the Healthcare index can now move on toward 30500 in the coming months. It did not get much of a correction and that can mean a swift move. Stocks have also consolidated within the sector so that is a good thing.

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Rohit Srivastava
www.indiacharts.com
For accurate market analysis. Technical analysis is a study of past data to assess future probable outcomes. It is our endeavor to discuss high probability set ups for traders and investors in good faith. However this is not a solicitation to buy or sell stocks futures or options or any security. Trading in any financial market should be done with sound knowledge and the help of a qualified investment adviser. Stocks based on the Elliott wave model are based on the Fibonacci fractal of the market and momentum indicators, Levels are based on Fibonacci maths and are only indicative of what the mathematical model throws up. Readers may download the free Elliott Wave Calculator to do it themselves. This is not a research report. We are not investment advisors This is not a recommendation to buy/sell.
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