NIFTY Bang On: Power of Neo wave and Gann Level
Dec 29, 2023
NIFTY Bang On: Power of Neo wave and Gann Level
We derived path and posted it on our tweeter handle yesterday. Below is the chart which shows a detailed analysis of Nifty which we tweeted on 28th December 2023.
Nifty Anticipated chart on 28th December 2023
Anticipated as on 28th December 2023 on our twitter handle
#Nifty Neo wave path shows we are in wave e of Diametric pattern which can take prices to 21820, post which expecting profit booking but then again move beyond 22k, buy the dips & it has been since many weeks I am telling this is mother of BULL markets! Are you riding with me?
Nifty Happened as on 29th December 2023
Nifty moved up and almost achieved our target of 21820 and made high of 21801.45 in yesterday’s trading session. Prices on the upside took resistance exactly from the mentioned level as we mentioned in our twitter and from there on Nifty witnessed profit booking. We successfully captured this move using pure Neo wave. We can expect some more profit booking and then a fresh leg on the upside with the targets of 22000. Currently the support for Nifty comes at 21580 level.
Neo wave analysis is a powerful tool for identifying trends and forecasting future price movements. A trader might use Elliott/Neo wave analysis to identify a potential trend reversal. Neo wave can give exact direction and target. Strategies can be built keeping by combining Neo wave with price action. Neo wave works like wonder even on the smaller time frame like 1 hour as depicted above.
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