Nifty Bang on using Time and FLD!Oct 26, 2023
Nifty has witnessed a sharp fall since the previous week. It is amazing to see how the advanced tools like FLD gave an indication of this reversal very precisely.
FLD – Future Line of Demarcation is an important Technical analysis tool that helps us to project price targets, support and resistance points and to understand the underlying trend.
Following is the Nifty daily chart showing how the application of FLD helps in determining crucial reversal areas and target points which we derived with 1000s of participants in our weekly webinar which happened on Friday i.e. on 20th October 2023.
Nifty Daily chart (Anticipated in our weekly webinar on Friday 20th October 2023 with 1000s of participants)
Nifty Daily chart happened as on 26th October 2023First chart shows path for Nifty and targets on the downside which is picked up from our Friday (20th October 2023) webinar in which we derived by using indicator called FLD (Future Line of Demarcation). As per this our target 1 was 19230 which was clearly achieved in yeterday’s session (on 25th October 2023). Now prices are moving towards our final target of FLD which is near 18800 levels.
We were able to capture this fall of more than 600 points with the help of Time and FLD. Combine the above method with Gann square of 9 to find out the important levels where Nifty might find support in near term. It is amazing to see how these advanced methods get aligned together.
Master of Cycles (MOC) – is scheduled on 28th & 29th October 2023, where we will discuss clear trade setups using Hurst’s Time cycles, Gann square of 9 and derive trades on Options forming strategies. Limited seats, For more details visit here
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