Neo wave along with a Time cycle helps to form powerful setups with a good accuracy. In the previous monthly report dated on 22nd August 2024 we anticipated possible rally in Nifty. Nifty moved precisely as expected!
Nifty Daily chart anticipated as on 22nd August 2024
Nifty Hourly chart anticipated as on 22nd August 2024
Wave analysis anticipated as on 22nd August 2024
Nifty has been moving precisely as mentioned in prior monthly research report. It was mentioned clearly that the upside momentum can reduce as 55 Days Time cycle was entering into topping zone and we can start seeing again positive trend from 16th August 2024. Low formed on 14th August was at 24100 and Nifty opened with strong Gap up the very next day. It has already touched the high of 24867 as on 22nd August 2024. This is a move of more than 750 points in just 5 trading sessions. This clearly shows the power of Time cycles and how it can form a classic combination with Neo wave application.
Nifty alternate weekly possibility – Nifty weekly chart shows that prices might be on path of forming a Big Diametric pattern since the lows of Covid 2020. The entire rise can be in 7 legs and we are currently only in wave (C). The first target for this wave C can be near 25361 which is the Gann level that can be followed by 26450 levels.
Nifty short term Neo wave outlook – Nifty short term daily and hourly charts show the low formation on 55 days time and the internal counts for ongoing up move post election low in June 2024.
We have tweaked the internal counts of the rise and it seems the trend that started from 4th June 2024 low is still forming a Diametric pattern. Within this wave g on upside is ongoing which measures equality target approximately near 25361. This is also the Gann square of 9 levels we have been talking about earlier in our webinars and short term research report
In a nutshell, Nifty trend remains positive for a move to Gann level of 25361 levels as long as the support on downside near 24350 remains intact.
Nifty Daily chart happened as on 18th September 2024.
Nifty Hourly chart happened as on 18th September 2024
Happened:
In our monthly report we mentioned about possible up moved towards 25361 levels and gave hints above possible fresh highs in index! Nifty moved precisely and achieved our target in a month!
We have successfully captured this entire rally with the help of advance technical tools like Neo wave and Time cycle! Its brilliant to see the results one can achieve using these advanced techniques and apply them in action.
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