Next_Waves

Next_Waves

This prediction as per Neo wave in which Nifty is forming C wave on weekly which may come down till 15200 to complete 2nd wave on monthly chart but on daily chart Nifty is forming terminal wave only one event event on this chart is shown . WE ARE GOING TO LIVE STREAMING FOR WAVE ANALYSIS PLEASE COMMENT WHO WANT TO JOIN THIS LIVE STREAM

Next_Waves

yellow metal target hit at $ 2035. I was commented to buy between $ 1670 to $ 1705. Like I commented last three months ago that yellow metal is going for high brightness. And gold continues to boom for the next three months. because institutional buying will continuous due to economic crisis.

Next_Waves

In the current scenario, the prices of crude oil are facing resistance between $ 42 to $ 48. The last time an institutional sale was made at this stage and I commented about this with a gap. Prices are stand with a divergence in the daily chart. After the crude oil inventory we can see a huge sell-off in crude oil if the price is with $ 42.

Next_Waves

In the current scenario we are in the 4th wave in the Nifty monthly chart and this impulse wave is rotating in the terminal wave, which means that the 4th wave will be overlapping of the 2nd wave. It finds immediate support at 7250 and is significant at 6180. The sale could start another bout around 6180 which could pull the Nifty up to the 4305 level.

Next_Waves

We have seen crude oil prices rise again from the demand territory, but at this time crude oil prices are again creating supply rather than demand. This indicates that prices will continue to fall. If crude oil prices break $ 10.30, then crude oil prices will fall to $ 6.50.

Next_Waves

Last time I was commented at this stage that the yellow metal will reverse here but according to the wave theory the yellow metal has generated strong demand at this level. And it will increase to $ 1825. If yellow metal prices create a new demand at this level then we can see another counter to the rising rally and it will increase to $ 2035.

Next_Waves

I had already commented about this area on 24 Feb 2020. We have seen brisk sales from the region. Once again we can expect brisk sales in the market from here. Because a magnetic gap is open from 963 to 943 below.