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Nifty 50 "Correction Analysis" 17000? ✅
Nifty 50 Index
Short
Nifty 50 "Correction Analysis" 17000? ✅
By TheNewsCrypto
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Aug 28, 2022
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Aug 28, 2022
Nifty 50 "Correction Analysis"
Correction Period and Points
24th Jan - Negative Cross Over
⚠️
Correction Points :
-2460 Points
18th Apr - Negative Cross Over
⚠️
Correction Points :
-1970 Points
13th Jun - Negative Cross Over
⚠️
Correction Points :
-1340 Points
✅Current Correction Pattern✅
26th Aug - Negative Cross Over
Correction Points :
-??????? Points
Let's look at how much of a drop is expected from the current price.
Difference between 1st Correction and 2nd Correction =
500 Points
Difference between 2nd Correction and 3rd Correction =
600 Points
Number Series 500,600,....?
Assume 700 is the next number series.
📊
How to find Current Correction Pattern?
📊
💡 Solution
⚡
Previous Correction Point - (Current Correction Point) = Expected Correction Points
📈 Available Data
Previous Correction Point - 1340
Expected Correction Points -700
Current Correction Point - ?
1340 - (X) = 700
X = 1340-700 ==> 640 Points Approx 🥂
🔁Based on the above assumption we can expect price of Nifty may fall to 17000 level🔁
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