Below research highlights - Understanding
the trend of Nifty with application of Gann theory, Hurst time cycle combined
with Neo wave.
Nifty has continued to be in Bulls
radar and tested the new life time high of 9287.75
(@1.06pm) in today’s trading session. If we ignore the last 2 days of up move
then in the entire month of April 2017 we have witnessed overlapping kind of
down move from 9275 to 9075 level. However interesting thing is that entire
movement of April 2017 which has happened till now is exactly as per the path
shown in the research report. We predicted accurately the path of Nifty based
on Advanced Technical concepts such Neo
wave, Gann square of Nine price projection and Hurst Time cycles. Below we have shown proof of the same which is
taken from “The Financial Waves Monthly Update” published on 4th April 2017.
Nifty daily chart: Gann square of Nine
Price projection with Hurst’s Time cycles (Anticipated on 4th April 2017)
Nifty daily chart: (Happened
till now)
(Part of research taken from “The Financial Waves Monthly Update” published on 4th April 2017)
“Gann Square of Nine Price projections
combined with Hurst’s Time : During complex patterns when the trend is strong we try to use
different methods to get price and time projections. On Figure 5 we have
applied Gann square of Nine price projections. This is applied by looking at
180 degrees on Square of Nine.
The below figure shows square of Nine method. Yellow highlighted
area on the right side is the 0 degree and on the left side is 180 degrees.
Since the price levels on Nifty we are looking at is nearly in range of 9000
the same cannot be shown here. But we have made excel projections with the
entire cells till more than 10000 marked in the below fashion. Due to
restriction of space the same cannot be shown here. So the price levels marked
on Figure 5 is derived from the yellow region on the left side of x axis which is
in series of 2, 11, 28, 53 etc. So if the reading continues you will come
across 8327, 8696, 9073,… marked on
above chart.
As per this logic since the level of 9073 is now broken decisively
and prices managed to form higher highs and higher lows above this level the
next level to look out for is at ….
Square of Nine:
Hurst’s Time cycles: We have taken a step forward to
combine the above Gann method and apply it along with time cycles to see if we
can time the turn. The path is shown on the chart based on channels and Time
cycles. As per this we should see some pullback on downside towards the level
of 9080 after one more push towards the channel resistance. This path is only
tentative as Time cycles can lose its validity during strong trending moves.
Displaced cycle 55 days: Due to Demonetization and Trump
victory on 9th November 2016, the cycles got little distorted. It is
unclear as of now if the original cycle (red) is working or the displaced one
(blue) is more important which is from the important lows. We are therefore
going to use cycle analysis only with little caution unless further clarity is
obtained.
Neo wave existing wave counts: As mentioned earlier looking at the
sharp rise even above the high of 9219 there is a possibility that wave [E] is
over in form of a running triangle pattern and next big up move has started.
Nevertheless the rallies are going to be corrected by declines and sometimes
sharp which will provide excellent opportunities to enter.
So for now prices are moving in form of wave …. of the up move as
shown in Figure 4. Now as the rise has been in overlapping fashion without
sufficient time correction it means that it is not a normal impulse but ……..
In a nutshell, looking at the overall trend so far the best
strategy to follow is the weekly bar
method. … Also as per Gann analysis method the next level to look forward
to is ….which is lying on the 180 degree
angle….Nifty can move as per the path shown ….”
Happened: Nifty is moving precisely as per the path shown on the chart on 4th
April 2017. Post publishing of this research prices corrected from 9275 to 9075 level and protected 9073 level which was mentioned as per Gann square of Nine price projections. Along
with this Time Cycle of 55 days also
played a crucial role and prices made low near the same. Isn’t it a thrilling experience to see certain levels both in terms of
Price and Time working so precisely?
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