Dalal street was expecting the annual report from the MoF on July 5th under Modi government 2.0. But it turned to be disappointing for the traders, and the market fell down leaving a foot print of bearish engulfing pattern on Nifty. And that’s when the wave started. Viewing the chart as a space and time curvature. As soon as it was about to retrace at its 78.6 level on 5th August there was an announcement FM to meet industry leaders to fix economy. On 8th RBI tried to boost by cutting Repo by 35 bps. But despite these something was lacking , It was the time rule adherence. On 23rd August when the downtrend was about to touch the 5th time retracement, On 20th evening the FM made all the positive news announcement needed.. Each and every particle in this world has to follow the rule of physics(SPACE & TIME CURVATURE), We can’t escape it. Now that nifty has formed a wolfe wave in the mean time& just recovered from the sweet zone with Chinese stimulus (was also helpful after recession 2009).With Chinese Stimulus this wave is going to be aggressive with gap ups,this would take a little more time as 11100 would act as a hindrance and then 11800. And this could be seen earlier when the NIFTY breaksout the triangle formed recently.
Remember, First the market would and then the economic indicators would gradually become right.
Happy Investing
Remember, First the market would and then the economic indicators would gradually become right.
Happy Investing
"Time rule adherence" - Weekly chart was at a Time Zone