We derived a path for Nifty and posted it on our Twitter handle since two few weeks. Below is the chart which shows a detailed analysis of Nifty which we posted earlier.
Gann Square of 9 is the simplest way to identify Price action support and resistance area.
Neo wave acts like the GPS of the market and helps to derive possible paths ahead. We have turned super bearish below Gann levels of 24103 and from there the journey has been just one-sided.
Nifty Daily Chart: Anticipated on Twitter as on 13th January 2025
Anticipated as on Twitter as on 15th January 2025-
#Nifty on 15 mins close below 23130 can result into down move to 23040 or lower levels, break above 23270 is must for positive move to 23350. Trade on break of the range, negative hourly candle will open target for Gann 22877.
Anticipated as on Twitter as on 24th January 2025-
#Nifty is moving in wave (e) which might be in its final completion stage, we might from a triangle pattern within the range. Faster retracement above 23350 will be classic reversal confirmation, 22970 remains immediate support, below this Gann 22877 is crucial.
Nifty hourly chart: Happened as on 27th January 2025
Happened- Nifty moved precisely as expected. We anticipated target of wave (e) and head and shoulder target as well as Gann target which was near 22877 levels.
After breaching important support of 23130, Nifty showed fall of more than 300 points. In the today’s session, Nifty finally achieved Gann target of 22877 which we have been mentioning in our social handles as well as in our daily Nifty Agni reports. We predicted this entire fall and successfully captured this move using pure Neo wave and Gann square of 9.
In a nutshell, the current trend for Nifty is on the negative side. As all of the indicators are oversold, a possibility of a pullback cannot be ruled out. One can use sell on rise strategy as long as 23020 remains protected on the upside on closing basis.
Neo wave can give exact direction and target. Strategies can be built keeping by combining Neo wave with Gann along with price action. Neo wave works like wonder even on the smaller time frame like 1 hour as depicted above.
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