VishalSancheti

Nifty50 in 3rd of 3rd wave

Long
NSE:NIFTY   Nifty 50 Index
Hi everyone,
Heavy inflows of foreign money & intensity of rise & gaps in every rise is giving indication that we are in 3rd wave of 3rd bigger degree
and I wont be suprised to see this trending 30000 levels in nifty

the fall we saw at 7500 can be 2nd of 3rd as 2nd wave fall is generally seen intense ,bigger degree 2nd waves are seen at 61.8% to 78.6% while in the 3rd wave the 2nd wave is generally seen not more than 50% retracement as 3rd wave is developing and its very impulse in nature.
1st and 2nd wave is generally seen near MA while 3rd and 5th is seen elevated above MA & similarly this developing 3rd wave is going to elevate above the MA

hence I think this run is not going to stop till 32,000 level & may be by 2023-24
yes time cycles are giving some 23.6%-38.2% crash indication in 2026 end so may be we see 4th of 3rd bigger degree from there ..

Please understand the chart and I will be happy for open discussion rather than trolling posts !!

* for educational purpose, trade at your own risk !!

Comments

its incorrect , You need relook in your view
+5 Reply
The corrective waves are not consuming time in your analysis. @Long term waves must adhere to both time and price. So we are in upward drifting corrective counts.
Reply
ShreeKrishna majestic-capital
@majestic-capital, Not necessary corrective waves have to consume time
+1 Reply
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