Short Term Elliott Wave view in Nifty suggests that decline to 15513.45 on July 28 ended wave 2. The Index has resumed higher in wave 3 with internal subdivision as 5 waves in a lesser degree. Up from wave 2, wave (i) ended at 16359.25, and a pullback in wave (ii) ended at 16162.55. Index resumes higher […]

Rio Tinto Group is the world’s second largest metals and mining corporation which has its headquarters in London and Melbourne. Founded in 1873 and traded under tickers $RIO at LSE, ASE and also in US in form of ADRs, it is a component of both the FTSE100 and ASX200 indices. In terms of operations, Rio Tinto […]

Exxon Mobil (XOM) shows incomplete bearish sequence from June 2021 peak favoring more downside. This article and video look at the Elliott Wave path.

In this technical blog, we will look at the past performance of 4 hour Elliott Wave Charts of Bank of America stock ticker symbol: $BAC. In which, the rally from 23 March 2020 low unfolded as an impulse structure with an extended wave three. Therefore, we knew that the structure in BAC is incomplete to […]

What are Value Stocks? Value stocks are companies with share prices that are trading at a price that is lower than their intrinsic value. Investing in best value stocks is a smart investment strategy that can enable investors to capitalize on inefficiencies in the market which are not being reflected in the company’s current performance. An […]

S&P BSE Sensex Index Long Term Elliott Wave & Bullish Cycles The Sensex Index has been trending higher with other world indices. Firstly in it’s base year 1978 to 1979 the index’s point value was set at 100. From there it rallied with other world indices trending higher into the January 2008 highs. It then corrected […]