NIFTY : ZIGZAG CORRECTION AHEAD

Sep 16, 2020

After a recent high of 11800 , nifty has given a fall to the level of 11185 with a pattern called a LEADING DIAGONAL.
Leading Diagonal is formed when a new trend is going to start or at the starting of a ZIGZAG CORRECTION for the prior move.
As per the current structure , we can assume it is going to have a zigzag correction.

Trading Strategy:

Sell in the range of 11600-11700 keeping stop loss of 11810 for the target zone of 11200/11090/10900

Sep 21, 2020

Note

third wave , still have room on downside , but after a slight recovery as wave 4

Sep 22, 2020

Note

the move can extend to 10850

Sep 24, 2020

Trade closed: target reached