Nifty Path Ahead – Neo wave cannot be more accurate
Feb 05, 2025
Nifty has been moving with high volatility with a sharp rise on the upside followed by a sharp decline Wherein, Neo wave has been working very accurately even in such a scenario.
We derived a path for Nifty which we derived in past weekly webinars held on 31st January 2025. Below is the chart which shows a detailed path of Nifty which we posted earlier.
Nifty Hourly Chart: Anticipated on Friday’s webinar as on 31st January 2025.
Nifty Hourly Chart: Happened as on 05th February 2025
Nifty has been moving precisely as per our expectations. Wave (e) got completed near Gann levels of 22877 levels on the downside. Post which we saw a pullback on the upside in the form of wave (f) of a Diametric pattern and we projected a path ahead of wave (f) with 1000 of participants in our Friday’s webinar dated on 31st January 2025.
Prices reversed from the trendline resistance and completed wave a on the upside near 23600 levels. Prices moved down in the form of wave b of wave (f) as expected and post which fresh leg in the form of wave c started to unfold on the upside after breaking the 23520 resistance.
The entire move in both the direction was anticipated way before it started in our past weekly webinar.
As of now we can expect a move towards the Gann level of 24103 on the upside. On the downside 23486(Gann) is the crucial support to watch out for!
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