Nifty 50 IndexLong
#nifty50 flat corrective structure
Updated
Recently I am coming across many views regarding crash, and some are predicting till 10k as well.
There are many things to look before concluding. Right now, I can only see flat structure, that is new impulsive wave might start from tomorrow upside, similar to my previous idea, only difference was I thought it is a running flat in my previous idea.
In case, from the ATH if it is a new ABC corrective structure, still around 14500 is possible, but chances for that are very, very less. I am betting my money for ATH, till it doesn't breach yesterday's low(which again makes my SL tiny as usual) or opens gap down.
Regards
There are many things to look before concluding. Right now, I can only see flat structure, that is new impulsive wave might start from tomorrow upside, similar to my previous idea, only difference was I thought it is a running flat in my previous idea.
In case, from the ATH if it is a new ABC corrective structure, still around 14500 is possible, but chances for that are very, very less. I am betting my money for ATH, till it doesn't breach yesterday's low(which again makes my SL tiny as usual) or opens gap down.
Regards
Trade closed manually
Opened below the zone, next support 14130/14055Note
next imporant support around 13750
Related publications
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.