Nifty 50 Analysis from COVID-19 Lows:
Primary Wave (1): Think of this like a big upward movement on a rollercoaster that started on March 23, 2020, when the Nifty 50 index was at 7511.10. It reached a high point on April 27, 2020, at 9889.05.
Wave (2): After the first exciting ride, there was a dip. This dip ended on May 18, 2020, with the index at 8806.75, which was about halfway down from the highest point of Wave (1).
Wave (3): Then came another exciting ride, but this time it had a lot of ups and downs. Wave (3) ended on October 18, 2021, at a high point of 18604.45.
Wave (4): After the thrill of Wave (3), there was a pause. Wave (4) acted like a rest stop and finished on June 13, 2022.
Wave (5): Now, it's moving up again, but not smoothly. It seems like it's going in a pattern of three steps up and three steps down, like climbing stairs. Currently, it's in the fourth step.
Big Event: The chart suggests that something significant might happen when the index reaches around 20600-20900-21000. It's like saying, "Hey, there might be a big turn or surprise on the rollercoaster around this point." So, it could be a good idea to think about taking your gains or profits when it's near 20.5k.
Just remember, investing in the stock market can be unpredictable, and it's wise to speak with a financial expert or do thorough research before making any investment choices.
Primary Wave (1): Think of this like a big upward movement on a rollercoaster that started on March 23, 2020, when the Nifty 50 index was at 7511.10. It reached a high point on April 27, 2020, at 9889.05.
Wave (2): After the first exciting ride, there was a dip. This dip ended on May 18, 2020, with the index at 8806.75, which was about halfway down from the highest point of Wave (1).
Wave (3): Then came another exciting ride, but this time it had a lot of ups and downs. Wave (3) ended on October 18, 2021, at a high point of 18604.45.
Wave (4): After the thrill of Wave (3), there was a pause. Wave (4) acted like a rest stop and finished on June 13, 2022.
Wave (5): Now, it's moving up again, but not smoothly. It seems like it's going in a pattern of three steps up and three steps down, like climbing stairs. Currently, it's in the fourth step.
Big Event: The chart suggests that something significant might happen when the index reaches around 20600-20900-21000. It's like saying, "Hey, there might be a big turn or surprise on the rollercoaster around this point." So, it could be a good idea to think about taking your gains or profits when it's near 20.5k.
Just remember, investing in the stock market can be unpredictable, and it's wise to speak with a financial expert or do thorough research before making any investment choices.
Comment:
upto 19800 buy the dip
Comment:
19800 hit
