SENSEX Super Cycle Wave
- TARGET 35000-50000
SENSEX-SUPER CYCLE WAVE STRUCTURE TARGET 35000-50000
BLUE NUMBER
Blue numbers are normal degree wave structure which was started from 2003 at level of 2904 and end at 21206
- Wave 1 : 2904 to 6249
- Wave 2 : 6249 to 4228
- Wave 3 : 4228 to 12671
- Wave 4 : 12671 to 8799
- Wave 5 : 8799 to 21206
- A : 21206 to 8047
- B : 8047 to 21108
- C : 21108 to 1672/14617/13062(on going structure)
RED LABELS
Red labels are super cycle degree wave structure which is started from 2003 at levels of 2904
- Wave 1 : 2904 to 21206
- Wave 2 : 21206 to 8047
- Wave 3 : 8047 to 32516(projected)
- Wave 4 : 32516 to 21206(projected)
- Wave 5 : 21206 to 50818(projected)
GREEN LABELS
- Green labels are head and shoulders which is projected with wave structure.
- Left hand is placed at 8799 which is the low of the normal cycle degree wave 4.
- Head is placed at 8047 which is low of A of a-b-c correction or low of super cycle degree wave 2.
- Right hand will be placed on either this levels 16172-14617-13062 which is C of a-b-c correction and part of super cycle degree wave 2.
MY CONCLUSION AND NOTES
- Use correction up to 16172-14617-13062 to buy for long term investments in quality business.
- When correction of C of a-b-c gets over and market cross all time high of 21206 it will give two side breakouts.
- One is from super cycle degree wave 3.
- Second is head and shoulders worth 13159 points.
- In head and shoulder pattern target will be 34365 and in wave structure 32516.
