1. Since 2014 all rallies lasted for either 6 or 13 months pattern.
2. Current rally if repeats history expect good correction from 23rd March or 6th April 2021(13th Month)
3. All the rallies retraced 38-50% of previous move in 2-3 months
4. Except 2015-16 fall (9119-6825) which took more time to correct rest all the falls are done in 2-3 months
5. 13 is a fibo number. Expect either new high or lower top formation. Let the market decide it. Strength of next upmove will decide the next big move in markets
6. Since September 2020 only once 100dema is tested.
7. 50dema is tested 3 times since September 2020 and expect it to break in next attempt after a bounce. Currently 50dema and gap area are placed at same level 14330
8. 200dema 12630 last tested was in September 2020.
9. Once dow theory confirms change of trend, this market can correct 38-50%
10. Bounce from 14300-200 levels if tested will be interesting watch going forward.
11. Last bottom is at 13600. Next bottom could be around 14200-300 zone.
Will add my observations if visible again.
12. 5th april will be 55th week from low which is again fibo number
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