profitadda

NIFTY AT CRUCIAL RANGE

NSE:NIFTY   Nifty 50 Index
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CURRENTLY PRICE IS MOVING IN A CHANNEL. TILL IT MOVES IN CHANNEL PATTERN IT IS A INDICATION THAT ITS A CORRECTIVE WAVE AND WE CAN EXPECT A NEXT ROUND OF IMPULSE WAVE WHICH CAN TAKEN MARKET TO NEW HIGH.
IF PRICE OVERCOMES EARLIER SWING HIGH OF 15310 THAN WE CAN EXPECT IMPUSLE WAVE MOVE WHICH CAN TAKE NIFTY TO 17300 TO 18200.

AND ON OTHER SIDE IF IT CORRECT BELOW 14440 THAN IT WILL BE A CONFIMATION OF IMPULSE WAVE OF DOWNWARD MOVEMENT WHICH MAY GET EXTENDED TO 13600 TO 13000

WE CAN EXPECT A WILD MOVE ONCE PRICE MOVES AWAY FROM THE CHANNEL INDICATED.

# THIS IS JUST FOR EDUCATION PURPOSE.

PLEASE DO COMMENT YOU VIEWS ON IT

Vijay
Profit Adda
Comment: Nifty preparing for a Fall before Result driven Rally

Comments

Pl indicate the timeframe too
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