Bank Nifty 54 Days’ Time cycle – Buy or Sell?

Is it possible to Time the market? Can we use methods that can predict when will prices reverse with exact date and time even on index?

Time Cycle is an advanced Technical Analysis study and it is surprising that such concepts can help to time the market and catch early reversals which improves decision making of the traders.

Neo wave along with a Time cycle helps to form powerful setups with a good accuracy. See detail below research on Bank Nifty.

Bank Nifty Daily chart with 54 Days’ Time Cycle.

J.M. Hurst is known as the father of Time Cycles. He identified that there are a set of standard cycles that work across markets. We need to identify the time cycle working on that stock or index.

For Bank Nifty 54 period of Time cycle works extremely well on the Daily time frame. Time trading has to be combined along with price action for precise entry.  Every time near the cycle zone we have seen a bounce on the upside. We can also observe that the Index has also been in sync with its Neo wave counts. When we combine price and time together it helps to create a powerful setup which helps to capture reversals before it has happened.

The Index has already entered its cycle zone prices formed a low of 49156 levels near our cycle where internal wave b got completed on the downside. Since then, prices have witnessed a rally of more than 3200 points which is in the form of wave c which opens up a possibility of a diametric or a triangle pattern as wave b has taken less time to form as compared to wave a. Currently, prices are trading above its previous swing high of 52100 levels and now with follow up buying we can conclude that the cycle has turned on the buy side.

In a nutshell, next few days price action is important. Acceptance above 52416 which is also a Gann level is needed to confirm that the cycle has turned on the buy side. On the downside, 51800 is the crucial support to watch out for!

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