Nifty is making AB=CD pattern, AB leg is from 11185 to 11566.1.
BC leg retraced at 50% approx. at 11384.
now CD leg is from 11384, the shud move till 11750.
Smaller AB leg is moving from 11384 to 11618, BC leg retraces 50% at 11500., now if 11500 hold, then Nifty should move till 11720.
This analysis is only for purpose of Education, please consult your financial advisor before trading.
BC leg retraced at 50% approx. at 11384.
now CD leg is from 11384, the shud move till 11750.
Smaller AB leg is moving from 11384 to 11618, BC leg retraces 50% at 11500., now if 11500 hold, then Nifty should move till 11720.
This analysis is only for purpose of Education, please consult your financial advisor before trading.
Comment:
Nifty once break day high, will move higher