Nifty CMP 24611
Gann Square - from the 2008 lows the time cycle has pointed at imp pivots on the chart. The 8th cycle is the next bar, which is Nov-25. Hence the breakout will mostly happen in Nov-25.
Elliott - this is the last wave of this swing, which is the 5th wave. The tgt for the same is at 27100. From the current levels thats 10% move on the Index.
Conclusion - Hence buying the dip continues to be a good strategy.
Gann Square - from the 2008 lows the time cycle has pointed at imp pivots on the chart. The 8th cycle is the next bar, which is Nov-25. Hence the breakout will mostly happen in Nov-25.
Elliott - this is the last wave of this swing, which is the 5th wave. The tgt for the same is at 27100. From the current levels thats 10% move on the Index.
Conclusion - Hence buying the dip continues to be a good strategy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.