Valuation froth everywhere....a double top has formed for this index.....first drop can be expected till 767 and if it falls further, we may see 728. Be cautious Be aware!
Currently indices are at 650 levels and I expect breakout from 785 Level. 20% Quick upside possible in realty. My sector picks are Godrej Properties CMP-1800, Purvankara-150 and Prestige - 800.
6. Nifty Realty -2.43%
3 Months / Monthly - Beautiful Rounding Bottom structure - BO also done already @ 3M scale
Weekly - Upward Parallel Channel Structure with a Confluence of 3 Months Resistance @ 755 acting together. Double Resistance - Double Strong Analysis and a big fall today
Its not your FII friends / Covid Virus / Christmas Santa pushing these sectors...
Nifty Realty one hour chart analysis price come down 5 wave .
first down fall 5 wave indicate zig zag correction
Wave A internal wave 1,2,3,4,5 and Wave B internal wave bounce upside Wave A,B,C
and line draw 0-b trendline price cross down side confrim . Wave C start again down side Wave C internal Wave 1,2,3,4,5
The sector is underperforming since long and now it seems it has broken out but monthly closing is yet to come. And 2000 note circulation limitation will surely give negative impact on this sector hence if this jerk is born by this sector then there is huge upside here
In the Weekly Chart of CNXREALTY ( Nifty REALTY ),
we can see that, it has shown a Strong up move.
We can see a upward momentum in shares related to REALTY.
Gan uses a set of techniques to get the desired result.
The reason for Gann's very accurate predictions is not only because of a single technique but also.
It was due to the correct use of the tool at the right times.
He was a prominent mathematician with a fast and accurate memory.
After forming a X-wave, Nifty Realty is almost ready for the Flat if it will go above the 492, If it will go above 510 then it will form a Flat with strong-B, because once if it will cross the 510 level then it will go above the top of wave-A, in this case wave-c may not go below the low of wave-A 442. If It will take turn from the below 510 then chances are very...
