Nifty 50 IndexShort
NIFTY... TRADE PLAN FOR MONDAY
A downward Elliot is clearly seen.
Day 1 (Monday) - we saw wave 1 on the downside
Day 2 (Tuesday) - started with the end of wave 1 and wave 2 rallied upside
Day 3 (Thursday) - Wave 3 movement on the downside
Day 4 (Friday) - Started with the end of wave 3 and wave 4 consolidated
Day 5 (Monday) - Wave 5
Expecting a flat opening or a slight gap up opening and markets can fall (wave 5)
17240 to be a strong support for reversal (Corrective waves to begin).
Day 1 (Monday) - we saw wave 1 on the downside
Day 2 (Tuesday) - started with the end of wave 1 and wave 2 rallied upside
Day 3 (Thursday) - Wave 3 movement on the downside
Day 4 (Friday) - Started with the end of wave 3 and wave 4 consolidated
Day 5 (Monday) - Wave 5
Expecting a flat opening or a slight gap up opening and markets can fall (wave 5)
17240 to be a strong support for reversal (Corrective waves to begin).
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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.