Nifty is all set to make New Highs & touch 26000 by 2024 end.

Dear traders & investors greetings. Today is 18th-August-2022. As I studied the Nifty Charts, I learnt that the NIFTY has bottomed out at 15100 levels in mid June and has grown very strong during the last two months. This week, on it's weekly charts, NIFTY has broken the Pole & Flag pattern decisively on the upside and it has also crossed RSI-60 from below and has already entered into the Super Bullish Zone. When we look at it's previous performance, it has rallied more than 11000 thousand points from its bottom and made a peak at 18600 levels in a period of one and half year (i.e.) from 30-March-2020 to 18-Oct-2021. Since then the Index entered in to the correction/consolidation phase and found support at 15190 levels Fibonacci Retracement Levels of 38.2 and now it seems that its Primary Trend has resumed and has broken out of the falling trend line. So, I see that until the Index trades at and above 17300 levels, it is Super Bullish. And as I believe, if it is the third wave, it could have a higher magnitude and can bring a bigger rally than the previous one in a shorter period, we can witness a greater height of the rally with a very strong upward momentum. Finally when we connect all the dots, I understand that if the market sustain at the current levels or due to some profit booking, it corrects and finds support at 17300 levels in the following weeks, it is very convincing that we can certainly have a Bullish view and one can start building their portfolios for a great ROI in the next 2 to 4 years. The Nifty has gotten all the required potentials to go all the way up to touch the 26000 mark in a period of 2 to 4 years. and some of the good stocks from the Nifty-50 benchmark index are all set to give a 150 to 300 percent returns within the same period of time.

Disclaimer:-
The trade/investment idea above mentioned is the outcome of my own research and that is my personal view and opinion. It is solely meant for the educational purpose. Trading or Investing in the stock markets involve huge risk of losing capital (partial or complete capital). So, please take an advice from a Certified Financial Adviser before taking any decision about Trading or Investing.

I wish you all Happy Investing and gain huge profits.
Thank you,
Saif Hussain N.