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Elliott Wave Analysis Of The NSE 20
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wukan
#3681 Posted : Thursday, January 14, 2021 5:59:22 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
mnandii wrote:


The NSE 20 Share Index. My preferred Elliott count as indicated here implies an ending diagonal with waves 123 complete. I was calling for the index to rise slightly above 2387.82 to complete wave 4 then fall to below 1730 in wave 5. But an alternative count which is even more bullish has come to light.

By this alternate count, the NSE 20 Share Index has actually bottomed in a major way (ie a bottom that can last more than a decade). It suggests that the point labelled 1 is wave W, the point labelled 2 is wave X and the bottom point labelled 3 is wave Y. This count is enticing for the very reason that wave Y is equal in length (Fibonacci 100%) to wave W as expected by the Elliott Wave guideline of wave extensions (Fibonacci extension).

If this alternate count is actually the case then expect the NSE 20 share Index to rise to levels beyond the previous all-time highs (6110s) in the coming years.
An Impulsive move to levels above 2700 will be key to the alternate count.

All in all, our preferred count and alternate counts both point to the same direction for the NSE 20 Share index (UPWARDS). Of course a significant move below our current low point of 1730 will require a re-assessment of wave counts.


The upward push has been good so far. NSE 20 closed at 1921.06. The bull will take those standing by the sidelines by surprise.
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mlennyma
#3682 Posted : Friday, January 15, 2021 9:50:17 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
wukan wrote:
mnandii wrote:


The NSE 20 Share Index. My preferred Elliott count as indicated here implies an ending diagonal with waves 123 complete. I was calling for the index to rise slightly above 2387.82 to complete wave 4 then fall to below 1730 in wave 5. But an alternative count which is even more bullish has come to light.


By this alternate count, the NSE 20 Share Index has actually bottomed in a major way (ie a bottom that can last more than a decade). It suggests that the point labelled 1 is wave W, the point labelled 2 is wave X and the bottom point labelled 3 is wave Y. This count is enticing for the very reason that wave Y is equal in length (Fibonacci 100%) to wave W as expected by the Elliott Wave guideline of wave extensions (Fibonacci extension).

If this alternate count is actually the case then expect the NSE 20 share Index to rise to levels beyond the previous all-time highs (6110s) in the coming years.
An Impulsive move to levels above 2700 will be key to the alternate count.

All in all, our preferred count and alternate counts both point to the same direction for the NSE 20 Share index (UPWARDS). Of course a significant move below our current low point of 1730 will require a re-assessment of wave counts.


The upward push has been good so far. NSE 20 closed at 1921.06. The bull will take those standing by the sidelines by surprise.


I actually lost hope of any nse bull, only Safaricom knows how a bull looks like
"Don't let the fear of losing be greater than the excitement of winning."
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Angelica _ann
#3683 Posted : Friday, January 15, 2021 10:30:22 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
mlennyma wrote:
mnandii wrote:


Remember our 36/- target on Safaricom. Be ready to SHORT then.

Laughing out loudly


37 sighted


Remember max is 40. Then....
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#3684 Posted : Saturday, January 16, 2021 8:11:16 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
mlennyma wrote:
mnandii wrote:


Remember our 36/- target on Safaricom. Be ready to SHORT then.

Laughing out loudly


37 sighted


Remember max is 40. Then....

Yes I can see from the graph.
Then the graph will have to be redrawn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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rwitre
#3685 Posted : Saturday, January 16, 2021 1:29:58 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Hii mwaka hakuna top stock picks for 2021? Laughing out loudly

Or we just go into SCOM, KCB and Equity and forget the year?
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winmak
#3686 Posted : Saturday, January 16, 2021 6:38:35 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
rwitre wrote:
Hii mwaka hakuna top stock picks for 2021? Laughing out loudly

Or we just go into SCOM, KCB and Equity and forget the year?


SCOM is not buyable at the moment
For investors as a whole, returns decrease as motion increases ~ WB
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Angelica _ann
#3687 Posted : Saturday, January 16, 2021 7:55:12 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
winmak wrote:
rwitre wrote:
Hii mwaka hakuna top stock picks for 2021? Laughing out loudly

Or we just go into SCOM, KCB and Equity and forget the year?


SCOM is not buyable at the moment



OK, let us compare notes in 2023!!! Bookmark please.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#3688 Posted : Sunday, January 17, 2021 8:39:35 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
winmak wrote:
rwitre wrote:
Hii mwaka hakuna top stock picks for 2021? Laughing out loudly

Or we just go into SCOM, KCB and Equity and forget the year?


SCOM is not buyable at the moment


It is sellable
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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rwitre
#3689 Posted : Sunday, January 17, 2021 4:14:23 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Ericsson wrote:
winmak wrote:
rwitre wrote:
Hii mwaka hakuna top stock picks for 2021? Laughing out loudly

Or we just go into SCOM, KCB and Equity and forget the year?


SCOM is not buyable at the moment


It is sellable


Sell and buy what instead?
Keep the cash and wait? We're already flirting with currency devaluation.

Safaricom has the advantage of being one stock you can buy and sleep peacefully all through to after 2022. Very few choices on NSE - which is just sad.

- Weakening shilling.
- Broke government.
- Political atmosphere heating up.
- Debt default on the horizon.

Good luck holding onto cash.

So for most of the risk-averse buyers showing up in the NSE, they will buy into SCOM first before looking at alternatives.

"But it is overvalued"

If there is one lesson to learn from 2020, is that stocks can trade at +100X their value and the herd will keep buying.

Sentiment > Charts > Book value
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Ericsson
#3690 Posted : Thursday, January 28, 2021 12:00:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
mlennyma wrote:
mnandii wrote:


Remember our 36/- target on Safaricom. Be ready to SHORT then.

Laughing out loudly


37 sighted


Your prediction of 36.49 seems to be working
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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