Tripled in a year! That’s what happened with India’s Nifty Realty Index after we pinpointed the start of a third-of-a-third Elliott wave – a price trend’s most powerful move. Our August Global Market Perspective provides a review:
Our May 2023 issue identified the Nifty Realty Index as the leading sector of the then-burgeoning rally. Since then, it has maintained that lead, more than tripling at its recent peak since the 2023 low. The leader has recently begun to lag after possibly completing a five-wave advance from its 2023 low. That may mean that the Nifty 50 Index will soon complete wave ((v)) of 3 up as well. If the realty index were to rise to new highs, then it would nullify the recent divergence and suggest that the rally in both indexes will continue.
Now it’s your turn to be alerted to other major opportunities popping up all over the globe. Catch them early by reviewing our just-published October Global Market Perspective now. Just follow the link below.
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