Nifty Fall Predicted Using Neo Wave in October 2024
Feb 24, 2025
Neo wave is an advanced Elliott wave that provides forecasting ability. Nifty topped out in October 2024 but was it possible to predict a reversal during the euphoria? YES!
We derived a path for Nifty anticipated in October 2024 and discussed during Sutra of Waves (SOW) training which is shown below.
Neo wave is the GPS of the market that helps to understand the overall maturity of the trend. Neo wave is a method that is used to identify price pattern and predict market movements.
Nifty has been moving precisely as per Neo wave counts.
NIFTY Weekly Chart (Log Scale): Anticipated as on Oct 2024
Nifty weekly chart: Happened
Anticipated - Nifty weekly chart in October 2024 shows that prices were trading near 25000 levels and formed a reversal from the highs. We marked completion of wave (g) at the top in form of Diametric pattern and expected the move on downside either in form of wave X or ongoing wave (D). this fall was also expected to continue atleast until end of February 2025 on the basis of Time cycles.
Happened: Neo wave pattern helped us to catch the top yet again when euphoria were there in the markets. Prices collapsed from 26000 to making a low of 22550 as on 24th February 2025. This is a move of nearly 3500 points.
This clearly shows by using objective tools like Neo wave and Time cycle it is possible to forecast the market and catch reversals.
In a nutshell, prices are currently moving in form of wave (D) and we will publish it in our monthly and daily research report when the reversal on upside is near. As of now it is best to apply these concepts on short term time frame and keep riding.
AGNI Index Membership – Get the daily research report on Nifty, Bank Nifty with strategy on options and stocks in AGNI Index membership and stay ahead of the major crowd. Here is the link: Agni Link
Brahmastra on Timing the market – Be a part of Brahmastra (Mentorship) program and learn the science of forecasting using Elliott wave, Neo wave, Time cycles combined with stock selection methods starting in March 2025. Fill below form for more details: