📈 Bullish Trade Plan (Alternative Scenario)
✅ Setup 3: Call Option Trade (CE)
Trigger: Price moves above 25,218 with volume
Action: Buy 25,200 CE or 25,300 CE
Target 1: 25,338
Target 2: 25,470
Bearish Trade Plan (Primary Bias)
✅ Setup 1: Directional Put Option Trade (PE)
Trigger: Break below 25,070
Action: Buy 25,000 PE or 24,900 PE
Target 1: 25,000
Target 2: 24,916
Target 3: 24,780
Current Context:
Nifty is forming a classic Elliott Wave pattern, currently likely in Wave (5) down.
Trend: Bearish bias unless 25,218 is reclaimed.
Key Support Zone: 25,070 – 25,000
High Probability Target for Wave (5): Around 24,780–24,760
✅ Setup 3: Call Option Trade (CE)
Trigger: Price moves above 25,218 with volume
Action: Buy 25,200 CE or 25,300 CE
Target 1: 25,338
Target 2: 25,470
Bearish Trade Plan (Primary Bias)
✅ Setup 1: Directional Put Option Trade (PE)
Trigger: Break below 25,070
Action: Buy 25,000 PE or 24,900 PE
Target 1: 25,000
Target 2: 24,916
Target 3: 24,780
Current Context:
Nifty is forming a classic Elliott Wave pattern, currently likely in Wave (5) down.
Trend: Bearish bias unless 25,218 is reclaimed.
Key Support Zone: 25,070 – 25,000
High Probability Target for Wave (5): Around 24,780–24,760
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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.
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.