Can Nifty Touch 20000 Soon ? | CA Rachana Ranade

"I'm still planning to hold it uh I have not yet sold it off from my portfolio"

"on a monthly time frame uh we can see something like a morning star coming up as well there are there are certain news uh about this talk people are also typing it out in the comment section as well in addition to that you should also know that they are also coming up with some blockchain technology related project"

"advices today platform declared buyback at 1200 rupees per share absolutely okay and the current market price is 834"

"if that be so then what can be Target so for those who want to know how is the target oops sorry how is that Target calculated now the question is that how do I calculate a Target price for this so again what I do is from the bottom most point of this cup I'm going to draw a line till here... this can be the ideal Target price and which comes to 20 632."

"if I were to draw the Fibonacci from the topmost point to the bottom most point here you can see at the 78.6 percent so same level we are coming to again 17 858.75 whatever so this is coming to seventeen thousand eight eighty nine so if even if I were to round it up to 17900 exactly the same point that I was trying to make is that another 100 points of a rally and sustaining above that if that be so I personally believe that we should be able to break through and proceed to all time highs"

"in that case the minimum Target that we can see here could be of course ideally I should... 2810 points still the target will come around 19997 and that was the reason why I hope everyone understood that why I have given the title of our live stream as can Nifty touch 20 000 or can it go beyond twenty thousand"

"if you consider this as a cup and this as the handle then yes we do see that there is a cup and a handle formation being formed here and if this were to hold true then what could be the Target price for RP it could be almost 20 percent upside from here and which would come to almost this level 984 level"

"if it can sustain Above This level of 1300 if it can sustain about the 1300 for another three four trading session or two three trading sessions with decent enough performance volumes then it can be set for this target ideally 1500 Target again this is as per the two third theory that we have discussed in one of our previous live streams right"

"I I think it can it can ideally go up further is what I feel the bottoms have already been tested and... I I think it is set for some further up move right now is what I believe for Dixon"