#Nifty || 7th July 2022 || Falcon Trader analysis for #Nifty50
Updated
It seems that we have not finished blue Wave C
Also Thursday is expiry day and sellers will not allow buyers to enjoy profits.
I think we are on verge of going down but needs final push up which has happened today, and therefore I planned to post this post after market opened.
So Falcon Waves - wave C finishes today, RSI and CCI are already over bought on 1H
16200 seems to be final resistance
Happy trading!
Also Thursday is expiry day and sellers will not allow buyers to enjoy profits.
I think we are on verge of going down but needs final push up which has happened today, and therefore I planned to post this post after market opened.
So Falcon Waves - wave C finishes today, RSI and CCI are already over bought on 1H
16200 seems to be final resistance
Happy trading!
- Short today as market closes for target for wave A down
- 16200 seems to be good resistance zone
Note
Clean Chart Note
Can go to 16200 - 16400 levels followed by selling pressure
Why?
Because Wave C can be 100-123% of A+B
Falcon Trader
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Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
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