nileshgr

Forecasting correction based on previous MA cross

NSE:NIFTY   Nifty 50 Index
Just for study purpose!

Measuring the ratio of MA difference and the length of correction and trying to predict what will be the price before bull starts again?

May be 9288-9300

Based on previous MA cross and length of correction

gap between 20 week and 200 week MA / length of correction = ratio
2305 / 1768 = 1.3
1199 / 676 = 1.77
average = 1.535

1859 / x = 1.535
x = 1211 (length of correction since MA cross)

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