Nifty : Probable Correction On Completion of Top at 'D'
Updated
Dear All , Nifty is Forming A Channel from Last 4 Months And By Following the Channel And Applying Wave Theory on It , We can find that A Correction is Likely to be Seen Here . On Second Chart of Nifty , The Price is Resisting Near the Upper Band which indicates A Correction in Near Term ... So Better to Wait for A Correction And Buy Good Mid-Caps And Small-Caps on 20-30% Discount ... Strategy for Nifty is :
" Short At 10,775 For T1 : 10656 , T2 : 10504 T3 : 10440 With SL At 10850 "
Please Consult Any Technical Advisor Before Making Any Position ... Good Luck !!!
" Short At 10,775 For T1 : 10656 , T2 : 10504 T3 : 10440 With SL At 10850 "
Please Consult Any Technical Advisor Before Making Any Position ... Good Luck !!!
Trade active
Fell After Touching Mentioned Levels ... Open Interest is Rising while Nifty is trading in Discount ... Best Opportunity for A Corrective Move ... All Followers , Get Ready ... :)Trade active
Formed the Top ... Time for A Correction ... :)Trade active
As Indicated Earlier , Nifty formed A Top and Correcting as well ... Better to Avoid Fresh Entry ... :)Trade active
Carrying the Stop-Loss at 10838 Levels And Still Nifty is in Corrective mood ... Rising Wedge Pattern is Obtained from Daily Charts ...Trade closed manually
Note
We are still in Wave 'C' . No One Knows the End of this Volatility ... Let's See :)Trade active
Top Completed ... Correction Ahead :ITrade closed: target reached
10300 Reached .. :D :D :D
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