nifty tgt 35000
2003-2008 Rally as per Elliot Wave Theory was in 3 Waves - Wave A, B and C with all tops and bottoms on a single trend line, Same happened in 2009-2020, now in current Bull run from 2020 till date we have already seen 2 sharp rallies, 8000-18000 wave A, then 17000 to 26300 ie Wave B, both waves followed by sharp corrections;
Soon we will start final and most fierce leg C for 18-20 months ending at 34000—37000 in late 2026 —- after that will be real bear correction of over 30%!
In mid or end of Fy27 we will find Fy26A EPS as 1205-1250 and Fy27E as 1400-1500; at 25-27 PE fy27EPS the value of Nifty will reach 34000-37000 and thereafter there will be a huge fall till 24000;
I had accurately predicted in 2023 Diwali for Diwali 2024 tgt as 26700 (actual was 26300)
I had in April 2020 said that correction will be over in 3-6 months only;
Now at 23000 I think if we haven’t made bottom already may be at max another 1-2% on Nifty correction but from 22700-800 we will go to 34000-37000 in next 15-24 months and then crash back again to 24000!
Soon we will start final and most fierce leg C for 18-20 months ending at 34000—37000 in late 2026 —- after that will be real bear correction of over 30%!
In mid or end of Fy27 we will find Fy26A EPS as 1205-1250 and Fy27E as 1400-1500; at 25-27 PE fy27EPS the value of Nifty will reach 34000-37000 and thereafter there will be a huge fall till 24000;
I had accurately predicted in 2023 Diwali for Diwali 2024 tgt as 26700 (actual was 26300)
I had in April 2020 said that correction will be over in 3-6 months only;
Now at 23000 I think if we haven’t made bottom already may be at max another 1-2% on Nifty correction but from 22700-800 we will go to 34000-37000 in next 15-24 months and then crash back again to 24000!
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.