EXPLANATION IS BIT LENGTHY :
Everyone Seems Worried with a great amount of negative news floating around.One good thing about news is that they change every moment.Even Warren Buffet rightly said in this modern digital era accessing information is easy but avoiding noise is difficult.
Nifty broke the triangle pattern in daily chart and many don't find any reversal zone nearby. The thing I have mentioned many times earlier that market should not be seen as a linear function,that it should be seen in multi-dimensions which means "A Required Price at the correct Time".
When there is a wave created it has its own gravity and the gravitational orbit that gives shapes to the next other waves. Let me simplify this if nifty moves from a point to another many people ride in the wave with many expectations and their reaction to the near future movements. That's how Elliot wave theory has its own moving theory such as 3rd wave is the largest if not then 5th would be the largest,2nd & 4th wave must retrace up to this level etc. Even Wolfe wave has such theories.They have very strong reasons to it and years of research involved in it.So be proud if you have knowledge about it.
I see waves as an axis of a celestial object and try to draw its gravitational waves.The size determines the size of the object and the angle of the wave the gravitational waves. And magically the next wave tries to revolve around it. If it escapes there would be definitely a bigger body the price particles is going get hooked in to that.Well you don't need to look it into that complicated way. One should go for KISS(Keep it simple silly).
When there is short term is to noisy its better to view it from higher TF to cancel out noise. And by viewing from Weekly chart I don't see any major movement happening and happily a space can be given to nifty for 10550 level and by time zone the next week 23rd to 27th SEPT would be crucial for this trend. May be few major changes globally or domestically would be introduced in few weeks or any other possibility. But I hope it would stay in the lined gravitational wave.Any new possibility is difficult to draw beyond 10400 level and until and unless this low between 10500 & 550 is confirmed.
Currently the economic scenario is bad no doubt but it is not at worst. All are expecting it to be at worst condition sooner or later. Actually many figures reveal that economy never revived in a better way after 2008. We are yet to see a bull run (I seriously don't know when but it will).
The angle at which the nifty is making high to high and low to low that's is decreasing giving a clear indication of the decreasing velocity and direction.If we do the math behind it then i get a whooping "10000 for NIFTY". But whenever a particle is moving in order to change direction in opposite direction there would be a point where the velocity becomes zero.So we can expect a early signs of major downside reversal.Concentrating on entanglement theory awareness and crash are entangled oppositely whenever you are aware about it that doesn't happen and vice-a-versa.
And By theory of uneven returns previous October wasn't good so this time hopefully it turns good.First the Financial Markets then the Economy would gradually become good.
This is just a study and clearly doesn't indicate any target or advice.Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers are predicted referring a particular wave. Please adjust the price bar in order to view the curve fit properly.
Everyone Seems Worried with a great amount of negative news floating around.One good thing about news is that they change every moment.Even Warren Buffet rightly said in this modern digital era accessing information is easy but avoiding noise is difficult.
Nifty broke the triangle pattern in daily chart and many don't find any reversal zone nearby. The thing I have mentioned many times earlier that market should not be seen as a linear function,that it should be seen in multi-dimensions which means "A Required Price at the correct Time".
When there is a wave created it has its own gravity and the gravitational orbit that gives shapes to the next other waves. Let me simplify this if nifty moves from a point to another many people ride in the wave with many expectations and their reaction to the near future movements. That's how Elliot wave theory has its own moving theory such as 3rd wave is the largest if not then 5th would be the largest,2nd & 4th wave must retrace up to this level etc. Even Wolfe wave has such theories.They have very strong reasons to it and years of research involved in it.So be proud if you have knowledge about it.
I see waves as an axis of a celestial object and try to draw its gravitational waves.The size determines the size of the object and the angle of the wave the gravitational waves. And magically the next wave tries to revolve around it. If it escapes there would be definitely a bigger body the price particles is going get hooked in to that.Well you don't need to look it into that complicated way. One should go for KISS(Keep it simple silly).
When there is short term is to noisy its better to view it from higher TF to cancel out noise. And by viewing from Weekly chart I don't see any major movement happening and happily a space can be given to nifty for 10550 level and by time zone the next week 23rd to 27th SEPT would be crucial for this trend. May be few major changes globally or domestically would be introduced in few weeks or any other possibility. But I hope it would stay in the lined gravitational wave.Any new possibility is difficult to draw beyond 10400 level and until and unless this low between 10500 & 550 is confirmed.
Currently the economic scenario is bad no doubt but it is not at worst. All are expecting it to be at worst condition sooner or later. Actually many figures reveal that economy never revived in a better way after 2008. We are yet to see a bull run (I seriously don't know when but it will).
The angle at which the nifty is making high to high and low to low that's is decreasing giving a clear indication of the decreasing velocity and direction.If we do the math behind it then i get a whooping "10000 for NIFTY". But whenever a particle is moving in order to change direction in opposite direction there would be a point where the velocity becomes zero.So we can expect a early signs of major downside reversal.Concentrating on entanglement theory awareness and crash are entangled oppositely whenever you are aware about it that doesn't happen and vice-a-versa.
And By theory of uneven returns previous October wasn't good so this time hopefully it turns good.First the Financial Markets then the Economy would gradually become good.
This is just a study and clearly doesn't indicate any target or advice.Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers are predicted referring a particular wave. Please adjust the price bar in order to view the curve fit properly.
Comment:
Sept 20: A Sharp Upward Reversal at 10:45 AM. Economy Conditions remains same just the news Changed. That's why I say First the Financial Markets then the Economy would gradually become good
Comment:
Nifty formed a Bullish Wolfe Wave in 15 Mins before the reversal. And time to get in to this wave
Comment:
If Price that is correct in Space time (A Required Price at the correct Time),It moves.
As i was really inclined to the above mentioned idea. For the second time i tried to post an idea during market hour.
As i was really inclined to the above mentioned idea. For the second time i tried to post an idea during market hour.
Comment:
Idea Expired. But the Chart can be referred for future movements.
Comment:
19th SEPT 2019 - "By time zone the next week 23rd to 27th SEPT would be crucial for this trend. May be few major changes globally or domestically would be introduced in few weeks or any other possibility"
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