NIFTY50 UPDATENIFTY50 Analysis
The minimum target set for NIFTY50 (Red arrow formation) on August 26 was reached, followed by a rapid 3% decline in NIFTY50.
Technical Analysis
I expected NIFTY50 to continue its upward trend after breaking the 25,155 resistance level, but with the downward movement and wave overlap, it appears that the correction is not yet complete. Sometimes markets and charts become complex, but this complexity has not yet reached a level where we can predict the short-term future trend with high confidence. This is why Mr. Neely always advises allowing corrective patterns to fully form before making decisions based on observed signals.
Current Market Status
What is clear is that the Indian stock market remains in a phase of indecision, and its short-term direction is still unclear. In such conditions, it’s better to remain an observer or act like a scalper, which requires a high level of skill.
Long-Term Outlook
In the long term, the NIFTY50 trend remains bullish, and the long-term path of this index appears clear.
Good luck
NEoWave Chart
Cashdata-plotter
Altseason is likely to occur in 2026
In my latest analysis, I noted: "It appears that after the recent growth in lower timeframes, we have entered a corrective phase, and a Running Contracting Triangle pattern is likely forming. We are currently in wave-d of this triangle."
After the completion of wave-d , we observed a 10% drop in #TOTAL3, which led to a significant decline in altcoins.
Regarding the Running Triangle:
The Running Triangle pattern remains valid. However, with wave-e breaking the a-c trendline, we should consider this as a warning. There is a possibility that instead of a Running Triangle, a Diametric pattern may form.
Regarding the Altcoin Market:
As I previously mentioned, the Altseason that many analysts are anticipating has not yet arrived. By examining the 1W cash data chart , we can see a Neutral Triangle forming, and we are currently in wave-(D) of this triangle. Nevertheless, I still believe altcoins will experience at least a 30% to 70% growth.
In my view, the main Altseason is likely to occur in 2026. However, to determine the precise timing of the Altseason's start, we need to wait for the completion of wave (D).
Good luck
NEoWave Chart
The rise in gold is still continuing.Wave -(i) of (E) is forming, and the target of 3900-4050 remains valid, and it could even go higher than this price. After the completion of wave -(i) of (E), there is a possibility of a corrective period in both time and price. A time-based corrective period is more likely.
Good luck
NEoWave Chart
The BRYAT chart indicates a bullish trendRequested Analysis for BRYAT:
I usually don’t perform requested analyses unless a large number of people request the same symbol.
Analysis:
In the 2W cash data, we can see that BRYAT started an upward movement in November 2019, with a price peak of 4,667. Given the clear time and price similarity between the waves, it appears that a bowtie diametric pattern is forming, with wave (f) of the diametric currently in progress. The time correction for this wave could last until the period between October 27 and January 20 at the latest.
Therefore, one bullish wave of the diametric remains, namely wave (g), with the first target for this wave being 5,970, and it could potentially move up to 12,000.
Good luck
NEoWave Chart
Gold Forecast 2025: Expert NEoWave AnalysisWe previously mentioned that wave-(E) itself is forming a diametric pattern, and we considered wave-g of (E) to be a double pattern with a small X-wave. However, wave-b of the X-wave pattern has exceeded the allowable time range, and the current wave we are in shows similarities in terms of time and price with waves (b)-(d)-(f).
Conclusion:
Based on the points mentioned above, it appears that wave-(E) of the higher-degree diametric is transitioning into a symmetrical pattern, and we are currently in wave-(f) of this symmetrical pattern. Wave-(f) of the symmetrical pattern is forming a bow-tie diametric, and wave-f of this bow-tie diametric is not yet complete. This wave could complete in the price range of $3,540 to $3,740, followed by a price correction to the $3,460–$3,380 range, and then a move toward the target of $3,900–$4,050.
Under normal circumstances, after reaching the $3,900–$4,050 range, we would expect wave-(F) of the higher-degree diametric to form. However, given the unusual global economic conditions and geopolitical issues, we may need to update our analysis, and it might not proceed as expected. For now, our final target remains $3,900–$4,050.
Good luck
NEoWave Chart
ONDO NEoWave AnalysisWith the price movement of wave-(d) exceeding our expectations, the contracting pattern is not observed in the formed structure, and thus the contracting structure is no longer valid.
It appears that a reverse triangle is forming, but the targets remain unchanged.
Good luck,
NEoWave Chart
ONDO FIRST TARGETIn the daily cash data, it appears that ONDO is forming a horizontal contracting triangle.
Wave (d) of this pattern is completing in the form of a flat, where wave c of that pattern is a terminal impulse wave of the extended wave-5 type, which is nearly complete, and with the completion of wave (e), the first target for ONDO will be 1.2308.
Good luck
NEoWave Chart
Cardano (ADA) Cardano (ADA) is showing potential for an upward move towards the $1.1882 price level.
This move could be initiated by a break of the downtrend line, drawn from point C (part of the highlighted price pattern). Traders should wait for a confirmation of this trendline break with high trading volume to increase the likelihood of this scenario succeeding.
Good luck
NEoWave Chart
The decline in BTC.D will stop.Brief Opinion on Crypto
Altcoins:
In my view, the altcoin season hasn’t started yet, and the price surge we expect from altcoins is still not due. The chart I previously shared for TOTAL3 outlines the roadmap.
Bitcoin:
I believe Bitcoin’s dominance won’t decrease further and will rise again. The recent price correction presents a buying opportunity. In the Bitcoin dominance chart, we see that RSI has reached the oversold zone and then formed a divergence. Therefore, I think dominance will rise from these levels.
Regardless of short-term fluctuations, in the long term, Bitcoin will remain strong and dominant.
Good luck
NEoWave Chart
NIFTY50 UPDATEAfter the formation of a diametric pattern, as expected, the NIFTY50 index experienced a strong upward movement. This upward movement concluded with the formation of a Reverse Contracting Triangle pattern. Given the current conditions, two probable scenarios lie ahead for the index:
1- The correction that followed the Reverse Contracting Triangle is wave-b of a larger upward movement, and after the completion of this wave, NIFTY50 will resume its upward trend. Considering the strong movement that occurred after the diametric pattern, it seems likely that this scenario could materialize. In this scenario, the 24337 level will not be broken to the downside.
2- If the price breaks below 24337, we should assume that a double pattern of triangle - X - diametric formed wave-a, and the Reverse Contracting Triangle that followed is wave-b of a larger corrective downward pattern, which could be a neutral or reverse triangle.
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NEoWave Chart
NIFTY50 UPDATEDiametric wave-g has extended in time and is larger than expected but still seems to be completing a reverse contracting triangle.
Wave-e of the reverse contracting triangle could end in the range of 24,553-24,467 and then I expect a bullish move in Nifty50.
If 24,336 is broken to the downside, the scenario will be violated and the next support level will be 24,080 24,121 points
Good luck
NEoWave Chart
BITCOIN target $140,000-150,000Wave-g of (d) has become completely similar to Wave-a in terms of price and then moved strongly upward, surpassing the end of Wave-f. As long as the price does not break below $117,000 and consolidate there, the price targets of $140,000 to $150,000 will remain achievable.
In my last post about Bitcoin, I mentioned that Mr. Powell's speech might cause the pattern to expand, and that’s exactly what happened—Wave G has slightly extended in terms of price.
My personal opinion (not a recommendation to buy or sell):
For Bitcoin, a long-term investment approach should be adopted, and short-term fluctuations should be ignored. These short-term fluctuations can merely provide opportunities for additional buying.
Good luck
NEoWave Chart
Bullish Outlook with Buying Opportunities Based on various factors, the outlook for gold prices in the medium and long term appears bullish.
- From a technical analysis perspective, gold has the potential to move toward $3,500 and beyond, although the momentum of the recent upward trend has slightly weakened, suggesting a possible short-term price correction. If a correction occurs in the short term, it could reach the $3,346–$3,300 range, but gold is unlikely to fall below $3,268. Any pullback to these support levels could present a buying opportunity, as previously mentioned.
- Economic reports and the likelihood of interest rate cuts by the Federal Reserve (expected 50 basis point reduction by the end of 2025) due to projected global inflation above 5% enhance gold’s appeal as a non-yielding asset. Geopolitical issues, including U.S.-China trade tensions, new tariffs (e.g., 25% tariffs on Indian imports due to oil purchases from Russia), and concerns about an economic recession, have bolstered demand for gold as a safe-haven asset. Forecasts such as Goldman Sachs’ ($3,700 by the end of 2025) and J.P. Morgan’s ($4,000 by mid-2026) further support this bullish outlook.
- In the long term, factors such as the declining value of the dollar, rising investment demand (ETFs saw a 98.54% inflow increase in February 2025), and consistent purchases by central banks make gold an attractive option for investors. Therefore, as previously noted, any price pullback can be considered an opportunity to enter the market, particularly given the potential for investors to flock to gold amid unstable economic and geopolitical conditions.
Note:
This analysis is a personal opinion and not investment advice.
Good luck
NEoWave Chart
Forecasting the Movement of NIFTY50As previously mentioned, the NIFTY50 index is in the process of completing a diametric pattern. The news of the U.S. imposing tariffs on imports from India has already impacted the chart. Therefore, I believe the g-wave of the diametric will transform into a reverse contracting triangle, and the anticipated bullish correction, which I discussed earlier, will take shape in the NIFTY50.
Note:
If the U.S. imposes significantly heavier tariffs than the market expects, the g-wave may become larger.
Good luck
NEoWave Chart
End of GOLD correction#GOLD #XAUUSD
UPDATE
As I mentioned earlier, gold was forming a contracting triangle.
The wave-(e) of the triangle has formed a double pattern diametric-X-triangle and has moved beyond my expectations (the post-pattern movement has passed ), breaking the trendline of (a)-(c). However, since it did not exceed the end of wave-(c), the contracting triangle has not been invalidated.
We expect gold to gradually rise from this range and surpass $3,500.
Good luck
NEoWave Chart
End of the Wave-(e) Natural Gas
In the previous analysis I said that:
Currently, wave-(e) is forming and I do not expect a strong upward movement until August 12-September 12 and this wave can take time until the time range I specified for it.
In the picture you can see that the price has started to decline again exactly from where we specified and has fallen by 27% so far. The price is not necessarily going to fall to 2.66 but time must pass and the price must enter the specified time range.
Good luck
NEoWave Chart
Pessimistic scenario for BITCOINAfter Bitcoin touched the price of 123,218, it entered a corrective phase. According to previous analysis, we expected the price to touch the range of $115,000-113,000. With the formation of more waves, it seems that the recent correction that started on July 14, 2025 is a diametric (bowtie) where waves f and g of this diametric are not yet complete and this pattern is part of a higher degree diametric and after this pattern is completed I expect a move towards the range of 140,000-150,000
Pessimistic scenario:
The pessimistic scenario is that this wave becomes a double pattern and enters the price range of wave-b (marked with a red dashed line) of the higher degree diametric. The probability of this scenario occurring is low and I consider the first scenario more likely, but we must be prepared for all market movements.
Good luck
NEoWave Chart