Wave-Projetion on NIFTY for "Swing Traders"...!

Trade-Technique Updated   
NSE:NIFTY   Nifty 50 Index
  • 50% retraced 4th wave - 8957
  • 61.8% retrace 4th wave - 8741

Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.

Short Sellers: first target 8965-8935 after breaking down the channel.

Next long position Trade Setup have two option :-
  • Buy 8957nearby with minor stop-loss and,
  • Last buy 8741 with stop loss 8700.

Actually I don't prefer to give both side trading levels, but above all levels are my planned to read and I am going to disclose with you. I will update if I take a position at any of the above plans.

Note: minor channel is not varified, its only random prediction.
Exactly Nifty moved 9160 to 8957 as expected. (200 points)
Exactly Nifty moved 9160 to 8857 as expected. (300 points)
Trade closed: target reached:
Target achieved as expected
Trade closed: target reached:
Fully Targeted.

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