Nifty 50 IndexShort
NIFTY will reach 21378 by end of April 2025!
nifty.....
is in 4th wave....
since wave 2 was shallow and only 38.2%, wave 4 will be deep and 61.6% as per alternation principle...
61.8% comes to 21378....
we can expect a fib. correlation between price and time...
since wave 4 ends at 61.8% by price, it will also end at 61.8% by time...
61.8% by time comes on 25th April 2025.
4th wave is also an 1.272 ab=cd pattern which end st 21288 which also more or less lines up with the 61.8% level......
as per above we can expect nifty down move to stop in the zone 21288-20378...
i have also drawn a channel, the bottom of which exactly lines up with our target...
make no mistake.... we have a good 1600/1700 points fall in nifty..
is in 4th wave....
since wave 2 was shallow and only 38.2%, wave 4 will be deep and 61.6% as per alternation principle...
61.8% comes to 21378....
we can expect a fib. correlation between price and time...
since wave 4 ends at 61.8% by price, it will also end at 61.8% by time...
61.8% by time comes on 25th April 2025.
4th wave is also an 1.272 ab=cd pattern which end st 21288 which also more or less lines up with the 61.8% level......
as per above we can expect nifty down move to stop in the zone 21288-20378...
i have also drawn a channel, the bottom of which exactly lines up with our target...
make no mistake.... we have a good 1600/1700 points fall in nifty..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.