BANKNIFTY GANN MASTER FORECASTING CYCLE UPDATE JUNE 2024 EXPIRY

W D Gann's Master Forecasting Cycle for BankNifty is depicted on the Monthly chart.The important cycle date was June 2023 where we hit nearly the 45000 on the index the high was 44787.10 missing it by 212.90 points. The chart shows the Wheel within Wheel concept to zoom in within the cycle. The important month timewise is Sept 2024. We had a cluster time cycle in April/May 2024 with Oct 2023 was the Birthzone of the Wheel within Wheel Cycle. time is important in Gann analysis and we got the proof of it in Oct 2023. Price Cycle shows the important Price hit at 48600 with the high coming in it at 48636.35 in Dec 2023. the Lows of Oct 2023 came in at the important geometrical level of 43200. As per the price cycle vibrations we need to cross the 52200 important level. The Price cycle point is the first section of growth of the new extended cycle from Lows of March 2020.
To conclude we need to remember Price Cycle Point of 52200 and time cycle Point of Sept 2024.
Happy Trading !!!