Nifty 50 "Correction Analysis" 17000? ✅

Aug 28, 2022

Nifty 50 "Correction Analysis"

Correction Period and Points

• 24th Jan - Negative Cross Over

⚠️

Correction Points : -2460 Points

• 18th Apr - Negative Cross Over

⚠️

Correction Points : -1970 Points

• 13th Jun - Negative Cross Over

⚠️

Correction Points : -1340 Points

✅Current Correction Pattern✅

• 26th Aug - Negative Cross Over

Correction Points : -??????? Points

Let's look at how much of a drop is expected from the current price.

Difference between 1st Correction and 2nd Correction = 500 Points



Difference between 2nd Correction and 3rd Correction = 600 Points



Number Series 500,600,....?

Assume 700 is the next number series.

📊How to find Current Correction Pattern? 📊

💡 Solution

⚡Previous Correction Point - (Current Correction Point) = Expected Correction Points

📈 Available Data

Previous Correction Point - 1340
Expected Correction Points -700
Current Correction Point - ?

1340 - (X) = 700
X = 1340-700 ==> 640 Points Approx 🥂

🔁Based on the above assumption we can expect price of Nifty may fall to 17000 level🔁


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