Hello traders,
Hope you all captured the down move we shared a couple of days ago. We are short again after a pullback today(please refer our today's post), and we have explained the corrective wave count (WXYXZ) in this chart, so please have a look.
The price is rejecting 61.8% of previous swing highs, and we expect it to continue the downtrend tomorrow(could be a good trending day)
Expected Targets:
52,032
51,933
51,863
Stop Loss: 52850 (If the stop loss is too big for you, then please set a smaller stop above 52,720 (based on a 15-minute candle close, not a spike).
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Hope you all captured the down move we shared a couple of days ago. We are short again after a pullback today(please refer our today's post), and we have explained the corrective wave count (WXYXZ) in this chart, so please have a look.
The price is rejecting 61.8% of previous swing highs, and we expect it to continue the downtrend tomorrow(could be a good trending day)
Expected Targets:
52,032
51,933
51,863
Stop Loss: 52850 (If the stop loss is too big for you, then please set a smaller stop above 52,720 (based on a 15-minute candle close, not a spike).
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Note
Thrilled to share that our Bank Nifty trade was a hit. Cheers to all who followed our lead!Trade closed: target reached
Hope you had a successful trading day.If you liked our study and are looking for real-time updates, please support us by joining our Telegram channel: t.me/WaveMoku
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.