Wave 1 - 19th Oct High 18604.45, 29th Oct 17613.1 = Fall of 991.35 points Corrective wave - 17613.1 to 15th Nov high 18210.15 = Rise of 597.05 points Wave 2 - 18210.15 to low of 29th Nov 16782.4 = Fall of 1427.75 points Corrective Wave - 16782.4 to 13th Dec high of 17639.5 = Rise of 857.1 points Wave 3 -17639.5 to 20th Dec low of 16410.2 = Fall of 1229.3 points
New Wave 1 beginning - 16410.2 -currently ongoing = already done 1800 points - assuming todays high as peak of New Wave One Corrective Wave Begins with 12th Jan 2022's high
the study stands invalid on NIFTY move above 18280 Spot levels
NOTE - please consult your financial analyst before taking any financial decision
Trade closed: stop reached
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TRADE Closed as stoploss of 18280 hit on daily and hourly closing basis
@gunu235, Yes the trade is closed at the end of 11.15 AM as the 2nd hour close above 18280, you can re-enter below 18160 with stoploss above swing high
@gunu235, sorry - arrived 1 day late - bears came after a day, missed to track the FII holidays yesterday on Account on Martin Luther King
gunu235
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@SumukhK quite an observation sir. Holding shorts for 18000 level
similarRhino62112
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What we can expect tomorrow moment as per your prediction ?
SumukhK
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@similarRhino62112, i stay in my position for 2 points, either a decent target of atleast 300 and upto 800 NIFTY points or ready to take stoploss pain - my stoploss is on closing basis of NIFTY spot 18280
similarRhino62112
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Corporate India is facing a year-on-year decline in its EBITDA margin for the first time in 12 quarters amid soaring input costs, data from CRISIL Research suggests
SumukhK
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@similarRhino62112, Rising input cost and cost of employment is at high - uncertain situation due to COVID is adding fuel to fire