Details on chart just for study purpose. Don't jump on trade in advance this is just forecast so relax.
In case Nifty breaks 0.618 Fibonacci and goes below 16000 then can consider dip started this has low probability.
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harshil_98
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Charts are not everything, look at important indices like dollar index,crude,other comodity prices,data and news from government (both national and international) . The world markets are in bull trend now, They will go sideways after such a big move. But chances of what you are saving is negligible.
@keshevdugar0210, study elliot wave theory. conceptually the writer is correct of the charts
keshevdugar
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@dasabhishek1992 Brother elliot wave is very subjective... I do know elliot waves... he is a beginner with very biased view
dasabhishek1992
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@keshevdugar0210, i am on bullish side but market seems weak. lets c. this upside is mainly due to declining USDINR value. only time will tell what comes next.
Niftydirection
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@keshevdugar0210 just visited your profile to see your analysis lot of indicators, price action, elliott wave neo waves everything attempted but failed for you since bear markets began. So all i can say is i just spotted rookie.
keshevdugar
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@Niftydirection please do link my failed analysis brother... I would love to see... and i don't try to become 100% right like u... I know I am 70% right...
Niftydirection
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@keshevdugar0210, your analysis is right infront of your profile do visit. After all retrospective is important brother ;)
Thank you for your valuable contribution to the Tradingview community and keep up the good work!