NIFTY SPOT
Nifty as per Butterfly Chart on Weekly.
We see Bullish Bat pattern.
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Nifty 2 fall is similar.
From 18604 - 15671 = 2933
From 18114 - 2933 = 15181.
Friday Low is 15183.
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Nifty 5th is 127.2% of 1st wave is near 15164.
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Nifty last 3 fall and similarity of % fall and Time correlations.
1st Fall 44 Days 7*6 =42 +2 =44 Days. and 11.79%.
2nd Fall 33 Days 7*5 = 35-2=33 Days. and 14.60%. Approx 2% more then previous one.
3rd Fall 51 Days 7*7 = 49+2=51 Days. and 16.18%. Approx 2% more then previous one.
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SO IF FALL COMPLETE THEN ?
Here is try to find some Fibonacci Level of Last Fall.
We may See Rise up to 38-50 or 61.8%. Possible Target Zones.
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