Long term Super cycle degree
We are projecting the Nifty move since 2015 when it was 7000 marks . So far the EW turned out to be perfect. 11600 level was projected one year back with the help of EW . Below chart is the evidence for the same.
As per the primary degree we assume 11300 is a level which needs to pierced for the next cyclical degree target of 11500-11670 levels. If it could n’t move above 11300 level than we expect a correction till 10300-9850-9710 levels for the 4th corrective primary wave. ( March 2018 report)
Now what's next ? Nifty is not out of the woods yet , means Nifty may further fall that is what EW indicating!!
As seen from the above chart, Nifty completed its Vth wave of Cycle degree at 12300 levels , earlier 11700 was a conservative target . Why 12300 is a very strong level because ?
(1) 1.618 fib retracement from (1) to (3) Super cycle move
(2) Principle of Channel at 12350 levels.
Nifty cracked 4000 odd points within 20 days and touched its crucial primary degree low of 7400 levels. Nifty is forming its corrective ABC where completed "A" at 7400 levels and assume "B" to rise till 9100-9240 levels which is 38.2 fib retracement above this it may rise till 9570 which is 50% .
For the better analysis we added Time cycle , where its perfectly gauging the actual lows . Hence we assume Nifty to make its crucial lows in the month of July-August 2020 near 6800-7010 levels i.e "C" wave.
Above Analysis is purely for an educational purpose. No recommendation is advised.
We are projecting the Nifty move since 2015 when it was 7000 marks . So far the EW turned out to be perfect. 11600 level was projected one year back with the help of EW . Below chart is the evidence for the same.
As per the primary degree we assume 11300 is a level which needs to pierced for the next cyclical degree target of 11500-11670 levels. If it could n’t move above 11300 level than we expect a correction till 10300-9850-9710 levels for the 4th corrective primary wave. ( March 2018 report)
Now what's next ? Nifty is not out of the woods yet , means Nifty may further fall that is what EW indicating!!
As seen from the above chart, Nifty completed its Vth wave of Cycle degree at 12300 levels , earlier 11700 was a conservative target . Why 12300 is a very strong level because ?
(1) 1.618 fib retracement from (1) to (3) Super cycle move
(2) Principle of Channel at 12350 levels.
Nifty cracked 4000 odd points within 20 days and touched its crucial primary degree low of 7400 levels. Nifty is forming its corrective ABC where completed "A" at 7400 levels and assume "B" to rise till 9100-9240 levels which is 38.2 fib retracement above this it may rise till 9570 which is 50% .
For the better analysis we added Time cycle , where its perfectly gauging the actual lows . Hence we assume Nifty to make its crucial lows in the month of July-August 2020 near 6800-7010 levels i.e "C" wave.
Above Analysis is purely for an educational purpose. No recommendation is advised.