NIFTY OUTLOOK (DOWNSIDE BY 10TH TO 15TH MAY)After forming a Bullish Wolfe Wave, Nifty has been rallying fantastically. It has successfully given a break out of the 2-4 TL. And with ups and down I expect the rally to continue till 10 May to 15th May 2023. I am not sure about the price levels but the utmost high that is achievable by NIFTY seems to be 18605 (18605 has been derived by both Price action and Fibonacci Retracement)
The reason is purely because of Time cycle. As I have posted earlier the exact downside reversal of Nifty starting 2nd December 2022, this current chart is just a follow up of the previous chart. Nifty follows a 55 Days Time cycle for downside reversal where it tops out and falls by minimum 5.5%. All the time cycles are plotted in “Red Vertical Lines” and the tops are enclosed in a “Rectangular Structure”.
PREVIOUSLY DOWNSIDE SEEN IN 55 DAYS TIME CYCLE:
12TH JAN 2022
4TH APRIL 2022
13TH SEPT 2022
2ND DEC 2022
20TH FEB 2023
The next time cycle of 55 Days lies in between 10th -15th May 2023. I expect Nifty may start reversing downside in between the above mentioned dates. I am not sure about the price levels, it may be anywhere between above 18100 to 18605. Incase of any confirmation for the price, I will surely update the same in update idea section of this chart. Nifty may consolidate or give a 1% to 1.5% percent fall before the dates but I expect that it would be only to create a new high. The link to the previous study for the downside reversal starting 2nd December 2023 is given below:
CHART & ANALYSIS
Adarsh Dey
Timecycles
TIME CYCLES & PRICE STUDYThe correction in HIKAL LTD seems to be done, the wave counting has been mentioned in the chart. Currently the stock is trying to a time wise correction and has consolidated for a time being try to form a rounded bottom structure and taking support on a curve during the correction phase.
Interestingly HIKAL LTD has a trading cycle of forming a low in every 88 trading Sessions or roughly 128 to 130 days. Lows has been plotted in Rectangular plots and the time between each low has been plotted using date range in the bottom of the chart. However after the low is formed, the high is formed within 43-46-50 trading sessions ie.60 to 70 days.
The expected date for recent low formation was 17th Nov 2022, although the low was formed one month back on 26th Sept 2022 but still the stock was not rallying and lying roughly on the same level. Surprisingly on 17th Nov 2022 the stock made a low near the closing price of 26th Sept 2022 showing a support and the importance of the low formation cycle of 88 trading Sessions. That’s the power of Time cycles .
But after 17th Nov 2022 the stock has been forming higher lows and even an Ascending triangle. Isn’t it interesting that after 17th Nov 2022, the stock gives a clearer picture of curved support and also forms an ascending triangle showing bullishness.
It’s already been 13 Trading sessions or 19 days over after the Low formation date of 17th Nov 2022 so the stock is expected to do good in the month of December as roughly 40 to 45 days are remaining for the new expected high.A good up move can be seen once the breakout occurs. On a conservative approach using Fibonacci retracement the target stands to be at 416-420 with a SL below 335 on closing basis. But it is always advisable to enter once the breakout occurs and there is a proper confirmation for entry
CHART & ANALYSIS
ADARSH KUMAR DEY
NIFTY (TIME & LUNAR CYCLE)The very word “lunacy” dates back to the 15th century when it was believed the moon and its phases could make people become more or less aggressive, depending on its place in the lunar cycle
Several studies found a connection between full and new Moons and stock market performance. Generally, stocks tend to perform better in the days around the New Moon, while price weakness is more frequently seen in the days around Full Moon. It was also observed that major market crashes have a history of happening about 3 days before a New Moon. We will try to understand the significance of cyclical movements in Nifty its theory and few previously applied practical executions (that gave precise accuracy) and at last try to predict NIFTY for the upcoming time using the same.
Let’s try to put the very same concept of Lunar Cycles and Time cycles in Nifty and draw a conclusion of the possible scenario that could happen in future after drawing a pattern from the past.
LUNAR CYCLES IN NIFTY:
Every downside rally starts or intensifies with Full Moon Day. If we look at downside rally starting 19th OCT 2021, it started just a day before full moon day and market fell by almost 12%.
- On downside rally starting 18th JAN 2022, which started just a day after full moon day and market fell by almost 14.60%.
- On downside rally starting 5th APR 2022, which started just few days before full moon day and market fell by almost 16%.
- On downside rally starting 15th SEPT 2022, which started just few days after full moon day and market fell by almost 7.5%.
- On downside rally starting 2th DEC 2022, which started just few days after full moon day and market fell by almost 5.87%
Just Lunar Cycle alone is not enough as these are also confirmed by 55 Days Reversal cycle. This ongoing reversal was well informed before it was initiated .Please check this analysis (dated 2nd Dec 2022) to find the same:
The current high was predicted based on Fibonacci Retracement (dated 29th OCT 2022, Target done on 1st DEC 2022)
If we look at the past we can see that the process of Low formation takes a time of about 99-101 days approximately, which means in every 99 to 101 days a low is formed where after Nifty rallies upside by a whopping 10% minimum.
One more interesting pattern that can be seen is after a low is formed Nifty forms the high in 3 * x number of days, such as 27 days , 87 days or 63 days ( Anything that is a multiple of 3), the remaining days when subtracted from 100, are the days it takes to form the low. It has been plotted with date range in the chart itself. This is how we should try to find a time cycle pattern .But anyways as we have predicted the high with a price and time confirmation successfully, we should be focusing on finding the bottom of NIFTY where we can get a buy opportunity.
If we do the Mathematics behind the low formation and high low formation then we will come to a hypothetical result that an initiation of upside in NIFTY may be seen just before or after 6th JAN. Because the previous low formation date was 29th Sept 2022 and 100 days from it is 6th JAN 2022. Expected NIFTY downside levels are mentioned in the chart itself.
OR ELSE THE CALCULATION MAY BE COMPUTED IN THIS WAY:
The previous low was formed was in 29th Sept 2022 and market rallied upside for approximately 63 days and remaining is 37 days to complete the 99-101 days Low formation cycle. So probably NIFTY may finish the correction near to 6th JAN 2022.
This is just an example that how time cycles are needed to be identified by a trader as it is not visible easily. Moreover in predictive analysis the probability of any error is high. So one possibility we can’t ignore is that market may bottom out before the mentioned date but I strongly feel the aggressive upside may be seen only near to 6th JAN 2022.
CHART & ANALYSIS
ADARSH DEY
NIFTY OUTLOOK- Oct 9th 2022 the low making date for NIFTY was mentioned as 13 or 14th OCt 2022. The low was made on 13th Oct and NIFTY resumed upside.
- The target for the upside rally was mentioned approximately 18900 on 24th Oct 2022.
- Nifty achieved a high of 18887 on 1st Dec 2022 (Just 13pts away)
Currently we can see a completion of 55 Days time cycle and a small reversal( which is not confirmed yet) where nifty generally reverses for a intermediate bottom formation. Moreover NIFTY is a Fibo level 1.618 of the downside rally during Sept month . So the scenario we can expect if 18900 level is not taken out is the target remains to be 18181 .
A second confirmation can also be drawn from S&P_500 where it is in a Wolfe Wave but near 2-4 Tl (taken as a resistance most of the times). This adds on to the probability for the NIFTY for a small correction if the global markets turns hawkish only for a small time being. The chart of S&P_500 has been given below :
Link to Oct 9th 2022 study mentioning low making date for NIFTY was mentioned as 13 or 14th OCt 2022:
Link to 24th Oct 2022 study mentioning target for the upside rally was mentioned approximately 18900 :
CHART & ANALYSIS - ADARSH DEY
BankNifty - LongTerm / ShortTerm Outlook (Time Cycles)Long Term Outlook
We picked time cycle tool available in drawing tools & tried getting dominant lows & highs. Over the process we realised that 18 Week cycle is dominant & running for Bank Nifty Index giving us important lows & highs.
Next low could be due in middle of the Oct 2022 which could be shifted to close to Nov 2022 if current high holds at 39759 which was identified as the recent high
Cycle Analysis
Cycles are always measured from low to low only but at times we can break that rule for analysis purpose & we can even take low to high but these won't be termed as cycles because cycles are always low to low.
In Cyclical Analysis
Low = Trough
High= Crest
Short Term Outlook
We identified an ending diagonal which marks the end of the trend & usually occurs later in the trend signifying that we could be close to the tops
Till the the high of 39759 is intact we assume that another wave is pending downside & have to review again if 39759 highs are taken out on upside.
On short term basis a parallel channel is used to get possible resistance zone which could be upper end of parallel channel close to 39300-39400 zone . If halts at the top then we may assume that fall may start or if Index fall below 38803 lows
Thank you for watching the video & have a nice weekend.
Nifty: A Study through Time CyclesNifty is in consolidation phase. This may or may not lead to a bear market and let’s not discuss it as of now. I will try to analyze Nifty, on the basis of support and resistance levels and time cycles, for the next possible swing and its direction.
Support and Resistance levels
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It can be seen on the chart that Nifty made a high in Oct21 and faced resistance, followed by a sharp reaction of 11%. It rallied till mid of Jan22 and again faced a sharp larger reaction of 14%. It then rallied 15% throughout Mar22, faced a trendline resistance and reacted 13%
If we draw important support and resistance lines through this price action we get three major levels
-Dynamic resistance level through the trendline
-16780 to 16850 multiple support zone which is now a potential resistance zone
-15670 to 15750 support zone which also coincides with a prior area of consolidation
Time Cycles
----------------
If we look at peaks, there is a 62bar high cycle followed by 51 bar cycle.
In this sequence, the next cycle could have been a 40bars for the market to test trendline resistance. But that is not the case and here the market is at 16780-16850 zone after 40 bar cycle.
This clearly reflects some weakness in Nifty as it was able to cover roughly half the distance on the upside compared to January and March rallies, in almost same number of days. It’s clear that the prior support zone is acting as resistance.
At the valleys, there are 53 and 43bar cycles. The next cycle could be a 33bar cycle where Nifty can either breaks the recent support 15670-17750 or retests it. The 33bar cycle coincides with June expiry so there is need to take a cautious approach on the upside until 16850 resistance is taken out.
I hope this idea will help you to understand the markets another non conventional perspective.
Keep liking and sharing your thoughts.
Disclaimer: This post is for educational purpose only and not a trading/investment advice.
Nifty auto spot good long candidateNifty auto spot cmp 10000.
Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern.
Time Frame :- Daily.
Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic nature,,, as per peak to peak cycle index might see upmove till first week of october..
Wolf wave :- At the moment index is trading in 5th wave of wolf wave formtation,, if wave 5 mature around this levels and reversal is seen in index from current levels,, than new bull run can be seen in this index and may give out performance now onwards,,,
Hidden bullish divergence in RSI indicator gives support for reversal in trend,,
Harmonic study :- Deep crab formation is observed as per retracement of last 2 swing ,, this can be pre assumption for the harmonic pattern ,, but if index manage to reverse from this levels , than would lead to formation of deep crab which have maturity point at much higher levels..
Chart Pattern :- Symmetrical triangle pattern,, index is trading around demand zone of triangle formation,, with divergence in indicators,, if managed to sustain above the demand line can give good reversal from current levels,, main trend can only be predicted once index gives breakout on either side of the triangel formation..
Good bullish formation observed in this index,, can start a fresh bull run....
HDFC | Gann Price and Time AnalysisHDFC | Gann Price and Time Analysis
This stock formed all time high on Gann Time Cycle date 16-Feb-2021 | Gann Time Cycle dates are marked as ORANGE vertical lines
Consolidating in downtrend channel (colored PURPLE) since then | Today (10-Mar-2021) the stock broken out above downtrend channel
Broke below lower channel (colored RED) on 05-Mar-2021 and now back to the lower channel again
RSI is at lower channel support | RSI suggesting momentum built-up
2744 is important level to be watched for upside | It is an important Gann Level and a Cube (14 x 14 x 14) number as well
Bullish above 2627 | Resistance levels: 2653 / 2704 / 2744 / 2809 / 2916 / 2958 / 3025 / 3136 / 3179
Support levels 2539 / 2500 / 2476 / 2451 / 2426 / 2401 / 2377 / 2341
2341 to 2377 zone seems to have build a strong support for this stock.
24-Mar-2021 and 25-Mar-2021 both are important Time Cycle dates in this month.
DOW JONES historical chartDow jones historical chart from Apr 2013 to Sep 2015.. this chart is shared to compare the historical move of index in past and current structure formation.. soon will send the recent chart of dow jones,, and all viewers should compare both the chart to understand how history repeats..