Nifty outlook for coming week....
Updated
Nifty is at the critical juncture and most likely it is going to form triangle pattern.
If the current wave breaches previous wave X high then triangle pattern formation is invalidated and we can expect new high after another good correction if it does not breach previous low.
Most likely this wave X is going to test 17800 or 18k.
Since it is correction phase keep booking the profits at regular intervals.
For detailed analysis do watch the video in the below related link.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
If the current wave breaches previous wave X high then triangle pattern formation is invalidated and we can expect new high after another good correction if it does not breach previous low.
Most likely this wave X is going to test 17800 or 18k.
Since it is correction phase keep booking the profits at regular intervals.
For detailed analysis do watch the video in the below related link.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Note
Target 1 of 17800 completed.
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