Nifty 50 "Correction Analysis"
Correction Period and Points
Correction Points : -2460 Points
Correction Points : -1970 Points
Correction Points : -1340 Points
✅Current Correction Pattern✅
Correction Points : -??????? Points
Let's look at how much of a drop is expected from the current price.
Difference between 1st Correction and 2nd Correction = 500 Points
Difference between 2nd Correction and 3rd Correction = 600 Points
Number Series 500,600,....?
Assume 700 is the next number series.
📊How to find Current Correction Pattern? 📊
💡 Solution
⚡Previous Correction Point - (Current Correction Point) = Expected Correction Points
📈 Available Data
Previous Correction Point - 1340
Expected Correction Points -700
Current Correction Point - ?
1340 - (X) = 700
X = 1340-700 ==> 640 Points Approx 🥂
🔁Based on the above assumption we can expect price of Nifty may fall to 17000 level🔁
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Correction Period and Points
- 24th Jan - Negative Cross Over
Correction Points : -2460 Points
- 18th Apr - Negative Cross Over
Correction Points : -1970 Points
- 13th Jun - Negative Cross Over
Correction Points : -1340 Points
✅Current Correction Pattern✅
- 26th Aug - Negative Cross Over
Correction Points : -??????? Points
Let's look at how much of a drop is expected from the current price.
Difference between 1st Correction and 2nd Correction = 500 Points
Difference between 2nd Correction and 3rd Correction = 600 Points
Number Series 500,600,....?
Assume 700 is the next number series.
📊How to find Current Correction Pattern? 📊
💡 Solution
⚡Previous Correction Point - (Current Correction Point) = Expected Correction Points
📈 Available Data
Previous Correction Point - 1340
Expected Correction Points -700
Current Correction Point - ?
1340 - (X) = 700
X = 1340-700 ==> 640 Points Approx 🥂
🔁Based on the above assumption we can expect price of Nifty may fall to 17000 level🔁
✅Like and follow to never miss a new idea!✅
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.