NeelamN

NIFTY TRADE IDEA Tuesday 30 Mar 2021

Long
NSE:NIFTY   Nifty 50 Index
If breaks the Green Trendline above 14570 or the flag channel drawn, then 14670 may be seen.
Bollinger Band will expand upside.

If breaks the inclined TL + red Trendline below 14470
Gap filling possible
Bollinger Band will give the signal by expanding downside

Price has retraced upto 38%
According to Elliot Wave , Wave 2 may retrace anything less than 100%,
so, contrarion view is of gap filling.

Comments

@stockWhizzer previous low (14275) as shown in the chart also.
Reply
Retraced 38% from where ?
Reply
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