Bank Nifty path ahead using 89 period Time cycle
Dec 24, 2024It is fascinating to see how accurately Time cycles can predict early reversals on the Nifty Bank Index, in the same way as stocks.
Is it possible to Time the Index? Can we use methods to predict when Index prices will reverse with the exact date and time? See below detail research about it.
Bank Nifty 15 mins chart with 89 period Time cycle
Time cycle works well to catch early reversals even on shorter time frames like, 15 mins, 5 mins. For Bank Nifty, 89 period Time Cycle works extremely well on 15 minutes time frame. Recently, as expected, prices made low exactly on our cycle on 23rd December 9.15 am. Prices showed sharp pullback from it on the upside of more than 700 points in just 2 days. For now, a break above 51500 can turn cycle on the buy side which will result into fresh buying in the Index.
Next cycle is due by 27th December 2024. This means that current cycle low of 50600 should remain protected before 27th December 2024. For now, one can look for buying opportunity if price breaches above 51500 levels.
In nutshell, by combining this science of Time trading one need not worry about missing out the trend as if time is in favour, then one can predict moves well in advance.
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