Timing the market is very much possible if one understands the science behind it and can be used for Trading, Investing on stocks, Nifty, Bank Nifty.
Hurst’s Time cycles – J. M. Hurst known as father of
Time cycle has been able to come out with scientific way to identify time and
applied it on stocks for trading.
Below chart of Nifty shows 55 days Time cycle applied on
daily chart along with Neo wave.
Nifty daily chart:
55 Days Time cycle – Mid cycle is the main Time cycle
reversal area with blue and red line around it giving a Time positive zone.
These are the areas where prices can possibly form lows and turn back on
upside.
On most of the occasions the mid cycle works best but there
are times when the blue or the red ones also form important lows.
Nifty is now back to the mid Time cycle area. So, Time is
turning up but do remember price confirmation is important as trading is
confluence of both price and time.
Since past 6 trading sessions Nifty has not closed above
prior day’s high. So now a close above prior high will bring price in sync with
Time. Many times trader do not understand the concept of confluence trading
which is crucial.
In a nutshell, Time is turning again on buy side but prices
are yet to confirm. With this two parameters if one can form a trading strategy
it will work extremely well giving the much needed conviction and accuracy.
Close above 19750 followed by 19800 will indicate start of wave c higher but
any break back below 19600 will keep wave b ongoing but downside momentum can
reduce as Time is turning up.
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