Nifty has witnessed a sharp fall since the previous week. It is amazing to see how the advanced tools like FLD gave an indication of this reversal very precisely.
FLD – Future Line of Demarcation is an important Technical analysis tool that helps us to project price targets, support and resistance points and to understand the underlying trend.
Following is the Nifty daily chart showing how the application of FLD helps in determining crucial reversal areas and target points which we derived and published it in our article and in our Agni research report as on 8th October, 2024.
Nifty Daily chart (As Anticipated as on 8th October article)
Nifty Daily chart Happened as on 14th November, 2024
First chart shows the path for Nifty and targets on the downside which is picked up from an article dated 8th October, 2024 and we have covered it in our previous research report in which we derived targets by using an indicator called FLD (Future Line of Demarcation). As per this, our target was 23600 which was clearly achieved on 13th November 2024.
We were able to capture this fall of more than 1300 points by using Neo wave and FLD. It is amazing to see how these advanced methods get aligned together.
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